FCAC to review banks’ business practices
The April review will focus on recent allegations related to financial institutions’ sale of products and services to clients
- By: Beatrice Paez
- March 15, 2017 December 5, 2019
- 10:30
Latest news in Industry News
Government acted “within hours” of website security breach, say officials
The Canada Revenue Agency took several of its web-based services offline as a precaution Friday after a problem was detected in computer servers used by…
- By: Terry Pedwell
- March 13, 2017 March 13, 2017
- 16:30
TD Bank allegations raise “serious concerns,” says banking ombudsman
OBSI urging consumers who have encountered issues with aggressive sales tactics to file a complaint with their financial institution
- By: Alexandra Posadzki
- March 13, 2017 March 13, 2017
- 16:10
Law Commission of Ontario proposes new rules relating to POAs
The recommendations amount to a sweeping reform of the way vulnerable people are assisted in areas ranging from finances to health care
- By: Patricia Chisholm
- March 13, 2017 March 13, 2017
- 13:40
CRA increasing scrutiny related to homeowner tax benefits
Advisors have a role to play in warning clients about the documentation they’ll need to take advantage of key tax benefits available to those buying…
- By: Patricia Chisholm
- March 13, 2017 March 13, 2017
- 11:00
Scotiabank donates $2 million to UBC to fund cybersecurity, financial risk research
The Scotiabank Cybersecurity and Risk Analytics Initiative will finance a series of programs, from internships and speaker events to hackathons
- By: Beatrice Paez
- March 13, 2017 March 13, 2017
- 10:30
Report doesn’t portray TD workplace culture: CEO
The bank’s shares dropped more than 5% on Friday after allegations that employees broke the law to meet sales targets
- By: The Canadian Press
- March 13, 2017 March 13, 2017
- 10:00
CRA puts tax-filing service back online
The tax agency says the services were taken offline as a precaution and its website was not hacked
- By: The Canadian Press
- March 13, 2017 March 13, 2017
- 06:15
TD employees allege they broke the law to meet sales targets
The bank’s shares tumbled on Friday, as investors are concerned the fallout could be similar to what happened at Wells Fargo last year
- By: Alexandra Posadzki
- March 10, 2017 March 10, 2017
- 17:45
AI could be a game-changer for advisors
New technology such as AI is likely to be a positive for advisors and their firms because of the potential to make the business more…
- By: Fiona Collie
- March 10, 2017 March 10, 2017
- 15:55
ATB Financial joins R3 blockchain consortium
The firm joins 75 of the world’s largest financial services institutions in the group, which is aiming to make the global financial system more efficient
- By: James Langton
- March 9, 2017 March 9, 2017
- 16:40
Banks no longer see fintechs as threats: PwC report
The next challenge will be developing common standards to allow collaboration and innovation to flourish
- By: James Langton
- March 9, 2017 March 9, 2017
- 15:00
Feds, financial firms announce fund for small and medium businesses
The fund, which aims to fill the gap between angel investors and the public markets, will start at $500 million and could be increased to…
- By: Alexandra Posadzki
- March 9, 2017 March 9, 2017
- 13:55
Many wealthy clients are distrustful of advisors, CFA Institute finds
The majority of HNW clients believe the “core value” of advice lies in developing a personalized, goals-driven financial plan, not in investment management
- By: Beatrice Paez
- March 9, 2017 March 9, 2017
- 12:00
Hearsay introduces text-messaging platform for advisors and their staff
The tool builds on the Hearsay Messages platform, which archives advisors’ digital communications with clients, to satisfy regulators’ requirements
- By: Beatrice Paez
- March 9, 2017 March 9, 2017
- 07:00
Banks’ wealth-management divisions deliver in Q1
The banks also saw strong performance from the capital markets divisions while their capital positions have also improved
- By: James Langton
- March 8, 2017 March 8, 2017
- 15:45
Sprott makes US$3.1 billion hostile bid for Central Fund of Canada
The transaction would be similar to the takeover of Central GoldTrust in 2016 that had support from more than 96% of votes cast
- By: Ian Bickis
- March 8, 2017 March 8, 2017
- 11:40
WXN seeks nominees for Canada’s Most Powerful Women awards
The nomination period for the awards, which honour the achievements of female leaders in their efforts to mentor and inspire the next generation, ends May…
- By: Beatrice Paez
- March 8, 2017 March 8, 2017
- 11:20
Aequitas asks CSA to require access to consolidated market data
The firm argues that lack of access to complete market data means that retail investors are trading on inferior information
- By: James Langton
- March 7, 2017 March 7, 2017
- 13:20
Canadians lack insurance coverage to deal with an unforeseen crisis
Although the majority of Canadians say they have insurance of some type, it doesn’t extend to cover a sudden illness, disability or accident, a new…
- By: Beatrice Paez
- March 7, 2017 March 7, 2017
- 11:20
Vote on CIBC purchase of PrivateBancorp moves up
The U.S. bank’s special meeting for shareholders to vote on the acquisition is now expected to be held on or about May 4
- By: The Canadian Press
- March 6, 2017 March 6, 2017
- 15:50
Wealthsimple’s advisor platform partners with Forstrong
Advisors who are part of the platform can now invest client assets in Forstrong’s seven actively managed investment strategies
- By: Fiona Collie
- March 6, 2017 March 6, 2017
- 10:10
Standard Life and Aberdeen agree on terms for merger
The deal will create Britain’s largest asset manager and the merged firm expects to cut costs by about 200 million pounds
- By: Danica Kirka
- March 6, 2017 March 6, 2017
- 10:00
Robo-advisors’ game plan to survive a bear market hinges on educating clients
These fledgling firms are using technology to communicate with, and educate clients about, the importance of remaining invested, even when the market takes an eventual…
- By: Craig Wong, The Canadian Press
- March 6, 2017 March 6, 2017
- 06:20
Credential surpasses $30 billion in AUA
The firm, which has 200 credit union and 1,500 advisor partners, has seen its AUA grow by 246% since 2009 to $30.2 billion from $8.75…
- By: Beatrice Paez
- March 3, 2017 March 3, 2017
- 15:40