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From the Regulators

Cutting consultations won’t cut red tape: IIAC

Trade group pushes back on Ontario's plan to shorten regulatory comment periods

A gavel rests on its sounding block with a several law books and a justice scale out of fucus in the background. A cool blue cast dominates the scene. (A gavel rests on its sounding block with a several law books and a justice scale out of fucus in t
From the Regulators

Offshore crypto platform sanctioned in Quebec

AMF alleged that CoinEx ignored regulators' efforts to get crypto firms registered

Federal reserve building, Washington DC
Industry News

Fed’s Powell notes inflation is easing but says further progress is needed

Federal Reserve expected to hold interest rates at December meeting

Financial accounting business sheet calculator
Industry News

National Bank reports Q4 profit up from year ago, raises quarterly dividend

Profit in wealth management was down 20%

Maintaining Profits economic growth chart businessmen illustration
Research and Markets

Unemployment rate rises to 5.8% in November

Canadian economy added a modest 25,000 jobs in the month

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Research and Markets

Labour demand eases in September: StatsCan

Job vacancies continue their steady decline

gavel
From the Regulators

FINRA sanctions trading oversight violations

BofA fined over anti-spoofing supervision in U.S. Treasury markets

Industry News

Banks report higher provisions for bad loans, focus on expenses as economy slows

CIBC, RBC, Scotiabank and TD have all cut staff this year

British Columbia provincial parliament building, Victoria, BC
Industry News

B.C. files application for Canada’s first unexplained wealth order

The notice of civil claim is the start of a series of similar applications, minister says

Canadian flag and chart
Research and Markets

Canadian economy shrank in Q3

Economists expect Bank of Canada to remain on hold amid economic weakness

Doing Homework
Industry News

FP Canada announces latest QAFP exam results

The October sitting had 57 candidates

  • By: IE Staff
  • November 30, 2023 November 30, 2023
  • 15:10
European Union headquarters
Research and Markets

Inflation in Europe falls to 2.4%, but economy has stalled

With the weakening economic outlook, the European Central Bank is expected to hold rates in December

RBC Bank branch stock photo
Industry News

Royal Bank chief executive McKay defends HSBC deal as bank reports profits up

Deal is good for Canada, CEO says

Lifetime capital gains exemption to top $1M in 2024

Starting next year, LCGE on sale of small biz shares and farm or fishing property will match

Banks focus on staff cuts, provisions for bad loans in Q4

The two dominant themes emerge ahead of an uncertain 2024

BMO sees higher cost savings ahead thanks to Bank of the West, cuts to real estate

The bank expects synergies of US$800 million — up 20% from a previous estimate

Andrew Marsh appointed to Wellington-Altus board

In other news, two advisor teams joined Richardson Wealth's new Victoria-based office

  • By: Katie Keir
  • November 30, 2023 November 30, 2023
  • 06:01

Industry moves: Karl Cheong has left First Trust Portfolios Canada

Other developments this week include cuts at Manulife and several advisor team moves

  • By: IE Staff
  • November 15, 2023 November 16, 2023
  • 13:15

Industry moves this week

Two wealth groups left Richardson Wealth, plus other notable moves across financial services

  • By: Katie Keir
  • November 9, 2023 November 10, 2023
  • 13:48

Tough markets provide tax-loss harvesting opportunity

More than half of the S&P/TSX Composite had negative price returns as of mid-November, report says

Product roundup: Wealthsimple launches private equity fund

Plus, new ETFs from Mackenzie

Product roundup: Manulife offering annuities again

High rates and demand led the firm to re-enter the market five years after exiting

Returns are tough, but fund managers’ finances OK

Fitch affirms traditional managers' ratings, despite challenging conditions

Tribunal calms SRO worries about enforcement disclosure

CIRO doesn't need an order to use compelled evidence in its own proceedings, regulatory panel says

Carbon markets need rules too: IOSCO

Regulators launch consultation on standards, practices for carbon credit trading

The reasons behind Bitcoin’s surge

Bitcoin has surpassed US$41,000 for the first time since April 2022

Short-term rentals reduce housing affordability: Desjardins

Every one-percentage-point increase in the share of Airbnbs was associated with a 2.3% increase in rents, a report found

Corporate defaults to peak in 2024: Fitch

Tighter financing environment, declining economic growth to drive defaults