Industry moves this week
New advisor, executive and board appointments at IG Private Wealth, Northern Trust, Global X Canada and more
- May 19, 2025 May 16, 2025
- 08:00
New advisor, executive and board appointments at IG Private Wealth, Northern Trust, Global X Canada and more
Fallout from flighty U.S. policy starting to show up in economic data
Only 13% of survey participants said they’ve planned for PSW care
Fake advisor admits to fraud, money laundering, witness tampering
Canadians continued to increase investments in U.S. equities, bonds
Plus, new offerings from Empire Life, Purpose, BMO, Ninepoint; multiple fund changes announced
Budget boosts penalties, SRO powers, short selling rules
Trump’s tariffs fuel concerns about slower growth and higher prices
Economists cut global growth outlook to 2.4% in 2025
Economy contracted 0.7% in Q1 after recording growth of 2.4% in last year's final quarter
Government expected to release fiscal outlook before House rises for the summer
High court declines further review of tribunal's rulings in Amaya Gaming case, putting an end to further appeals
The May crude oil contract dropped US$1.30 to US$96.57 per barrel
Current challenge deals with levies imposed under the Trade Act of 1974
Cheap funding, central bank support, rosy AI forecasts, FOMO and more have kept market valuations elevated — that won’t last forever
Tribunal to consider settlement with Liquidnet over allegedly faulty controls
Social relationship with regulator's key witness in case leads to recusal
Venture companies begin opting for less frequent reporting
The Calgary-based asset manager negotiated with its lender to buy more time to repay its debt
Many trusts may need to amend 2024, 2025 tax returns
Bank will also be hiring and expanding in key areas of national importance
Plus, Designed Wealth adds advisor and inaugural taxonomy and transition planning council named
McIntyre to start a new role later this month
Plus, appointments at Sun Life, Connor, Clark & Lunn, Sapling Financial and more
Plus, new emerging market, target-date and tech funds, and a raft of fund changes
The lack of a structured follow-up when a client changes hands can leave the policyholder vulnerable
Gold prices, equity markets drove strong seg fund sales but couldn’t prevent net outflows in 2025