Global speculative-grade default rate declines in July
Moody’s forecasts that the rate will continue to decline for the remainder of the year, finishing at 2.1% vs 2.8% last month
- By: James Langton
- August 9, 2018 June 20, 2019
- 15:34
David Gary Durno implemented an active trading strategy for two senior clients that “generated large commissions for himself and his firm but reduced client profits”
The new requirement would introduce “specific obligations” that would expand financial planners’ obligation to prioritize their clients’ interests
Sun Life is concerned about “cautious” investors while Manulife moves forward on aggressive cost-cutting initiative
Canadian investors don’t have easy access to these products, nor do they have much price transparency, the exchange says
The report finds a high level of concentration at a small number of CCPs
The new rules consolidate the existing capital treatments, introduce new credit risk capital charges and include updated credit risk factors for securitized assets
The transaction is not material to GWL’s financial results
There were fewer multiple unit projects after strong numbers in June
The company’s Q2 reported earnings of $729 million beat analysts’ expectations of $705.8 million
Core earnings were up in the firm’s Canada, U.S. and global wealth- and asset-management divisions while earnings slipped in Asia
Banks, insurers and other financial services firms will have to comply with certain provisions of the new cybersecurity rules
The S&P/TSX composite index rose 58.63 points to 32,058.73
The central bank issued a summary of its overnight-rate deliberations earlier this month
Americans’ assessments of their current economic situation tumbled: survey
Retail investors targeted by so-called investment groups on social media
The increase is part of an effort to beef up anti-money laundering measures
Accountant allegedly found assets used to lure investors to schemes
Optimism for tech and growth comes with market and macroeconomic concerns
The pension fund is investing up to US$1.05 billion
Plus, promotions at Harvest and Ontario Teachers' Pension Plan Board
Plus, Wellington-Alus Private Counsel and Ninepoint Partners add new talent
Also, moves at Mackenzie Investments, Edward Jones Canada and the CSA
Plus, moves at BMO Private Wealth, Fiera Capital and CIBC GAM
They are increasingly being used for fixed income, foreign equities exposure
Mutual fund, ETF AUM rose for the seventh consecutive month
Plus, other product launches and news, including more ESG fund terminations