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Industry moves this week

New appointments include senior executives with Harbourfront Wealth and AGF Management

A lighthouse at Marine Rail Park welcomes travelers to Prince Edward Island, at Borden-Carlton
Industry News

Prince Edward Island government forecasts $98 million deficit in annual budget

Housing is one of the provincial government’s three priorities

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Industry News

Data breach victims include Empire Life

The breach, which affected clients of InvestorCOM, has compromised information related to Empire Life's seg funds and mutual funds

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Research and Markets

Global house prices see first post-crisis drop

Advanced economies lead decline in real prices, BIS reports

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Industry News

Threat of U.S. credit downgrade looms over debt ceiling talks

The stakes are growing in the standoff in Washington over raising the nation's debt limit

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From the Regulators

Firms struggle to understand conflicts: BCSC

Compliance sweep uncovers issues with identifying, disclosing and managing conflicts of interest, including conflicted compensation

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Industry News

Regulators warn investors of advisor impersonators

Fraudsters are posing as registered individuals

  • By: IE Staff
  • May 25, 2023 May 25, 2023
  • 14:34
Concept of real estate, mortgage and lease
Research and Markets

Proportion of Canadians invested in real estate set to grow: Royal LePage

More than one in 10 Canadians own an investment property

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Research and Markets

U.S. economic growth for Q1 revised up to a still tepid 1.3% annual rate

Despite the first-quarter slowdown, consumer spending reflected confidence

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Industry News

How to leverage — not loathe — compliance

Demonstrate and discuss your regulatory requirements with clients, IFB says

Modern office building close up in sunlight
Industry News

Economic headwinds weigh on bank results as more money set aside for bad loans

Rising costs and slower loan growth are also challenges

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Research and Markets

A June pause in rate hikes would be a close call for Fed officials, minutes of last meeting show

Powell and other officials have signalled in the past week that they're likely to support a pause

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From the Regulators

Fund managers’ valuation practices need help: ESMA

Review found weakness in firms' valuation processes, procedures

Feds name three managers for $400-million social finance fund

Fund managers will receive money over the next five years to make social finance investments

Life insurers increase Assuris protection

Clients now get protection for at least 90% of their death benefits, seg fund guarantees and other coverages if their life insurer fails

Americans should be exempt from Canada’s foreign housing tax, members of Congress say

UHT an “insulting” attack on Americans with second homes in Canada: Niagara politician

Industry moves this week

Raymond James names a new head of investment strategy, while iA shakes up its executive team

New executive roles at Dynamic Funds, SLC Management

As more Canadians retire and the fixed income space grows, financial services companies are pivoting

Industry moves this week

Changes include new role for former Richardson Wealth CEO Andrew Marsh and Fiduciary Trust Canada has a new CEO

  • April 28, 2023 April 28, 2023
  • 14:05

U.S. banking crisis creates opportunities for private credit

Rising rates are also making room for private lenders, according to a pair of reports

Product roundup: RBC and Manulife offer new active fixed-income ETFs

Evolve is winding up a real estate fund launched last year

HISA ETF rule changes could lead to lower rates, providers say

OSFI is requiring an interim transition for liquidity measurement by Aug. 1 as the regulator consults on wholesale funding categories

SEC charges trading chatroom moderator

Market manipulation scheme run on Discord channel, regulator says

Investors must beware of the “halo” effect: ESMA

Selling regulated and unregulated products side by side poses risks to investors, firms

Firm sanctioned over syndicated mortgage violations

Brokerage, owner admitted to various contraventions of mortgage rules

When it comes to ESG, fund managers damned if they do and damned if they don’t

Growing politicization of ESG investing in U.S. poses risk to asset managers, Moody's says

Economy’s resilience raises risk of further rate tightening

High inflation remains the top issue for businesses, survey finds

StatsCan report casts doubt on claims of widespread labour shortage

Analysis finds there are no labour shortages for jobs that require high levels of education

Robinhood Crypto fined $30M for AML failings

New York regulator says firm's compliance didn't keep pace with its growth

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Address change would be temporary until quarantine efforts are lifted

  • By: IE Staff
  • April 1, 2020 May 13, 2020
  • 10:21

Keep calm and listen to your clients

We haven’t been through anything like this, but we’ve been through similar crises and recovered