Trade angst and a drop in the price of oil fuelled the decline
"The stress test is doing what it is supposed to do," CEO Evan Siddall wrote to parliamentarians
The Greystone acquisition led to a bump in AUM
Paying dealers to solicit votes in contested director elections creates "unmanageable" conflict
Profits were propelled by loan growth and higher interest rates
Most Canadian companies expect revenue growth of more than 10% this year
The paper argues that classic DB and DC plans fall short of their goals
The FSB is assessing the effectiveness of the post-crisis response
IFIC reported that mutual funds saw net redemptions in April, with $1 billion flowing out of the sector
The energy, metals and mining and financial sectors all took a hit on Wednesday
Some on the Fed board think future rate hikes may be necessary
Former Vancouver resident moved to Las Vegas after being ordered to return $21.7 million to investors
Company plans to explore new products, evolve advisor platform
Investors sift through "ugly" jobs report in Canada, U.S. economic data
Iran War has choked off most tanker transport through the Strait of Hormuz
GDP and jobs growth, inflation, are weighing on consumer sentiment
SRO says high risk, high volume trades, insufficient notes should have raised red flags
New guidance broadens range of supports that discount brokers can provide
Court grants Wealthsimple's application for closing judgment
Plus, RBC buys mortgage fintech, Fiera funds solar energy firm and EQB-PC Financial merger gets key thumbs up
But the advantages digital banks have enjoyed on fees is shrinking, as Ottawa pulls policy levers
The reversal comes just over two weeks after Houston's government tabled its budget
Gallagher will oversee Richardson rebrand under iA Financial
Plus, appointments at Harbourfront, Richardson, Manulife Investments and more
Interim Parliamentary Budget Officer Jason Jacques not extended
Plus new equity ETF launches from CIBC and LongPoint, Dynamic debuts private assets fund, and more
Favourable demographics and a rising middle class are ingredients for long-term secular growth
Rising fundraising targets, increased product launches are driving the activity: report