Home News Page 2

Top Stories in News

Bank of Canada facade
Research and Markets

Bank of Canada to run ahead of the Fed: DBRS

Tariff threats cloud an otherwise positive North American outlook

Industry News

Finance minister says government’s fiscal update coming Dec. 16

The parliamentary budget officer is projecting a $46.8 billion deficit for the last fiscal year

cryptocurrencies
From the Regulators

Fraud victim gets some restitution

Canadian, Nigerian law enforcement secure some recovery in crypto scam

Judge makes ruling
From the Regulators

B.C. court upholds limitations on asset freezes

Target of SEC enforcement can have access to frozen funds for appeal, court says

Industry News

Canadian Western Bank says legal claim is the reason it delayed earnings release

The decision was not related to National Bank of Canada's plan to acquire the company

China flag
Research and Markets

Chinese leaders pledge ‘moderately loose’ monetary policy, more support for slowing economy

China's economy has underperformed the government's 5% growth target for 2024

Tiff Macklem
Research and Markets

BoC expected to lower interest rates again, with odds leaning toward larger cut

A 50-basis-point cut would put the central bank's key interest rate at 3.25%

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

ASC sanctions accountant’s fraud

Intent is relevant to sanctions, panel says, imposing permanent market ban

Dollar bills
Research and Markets

Revenue gains fail to boost banks’ profits: Fitch

Loans and margins are growing, but credit provisions and expenses up too

Illustration of two people shaking hands on two upward arrows
Industry News

The restart of the deals

Canadian wealth management, insurance advisory shops are hot properties as M&A activity ramps up

  • By: Kevin Press
  • December 6, 2024 December 6, 2024
  • 16:53
Investing
Industry News

Wellington-Altus to sell up to 30% of its shares to private equity

Deal expected to close summer 2025

Immigration Canada
Research and Markets

Lower immigration will slow economic growth, but won’t cause recession: report

The policy decision will lower real GDP by $7.9B in 2025, $16.2B in 2026, Conference Board of Canada estimates

Piggy bank and coins on blue background
Industry News

Canadian Western Bank delays earnings release without saying why

The bank says it will put out its year-end results in mid-December

Regulators should provide detailed guidance on AI: ASC

Some use cases require human decisions that demand robust governance frameworks

CRA announces prescribed rate for Q1 2025

Agency confirms the interest rate Canadians must pay on overdue tax will drop to 8%

Key take-aways from year-end results at Canada’s biggest banks

The banks reported mixed results this week

Industry moves this week

A mix of executive and advisor moves were announced

  • By: Katie Keir
  • December 5, 2024 December 5, 2024
  • 14:18

Industry moves this week

Roy Gori of Manulife and Blair Morrison of BCFSA to retire in 2025, plus other news

Stephen Harper appointed to oversee Alberta’s $160B AIMCo fund

Move comes almost two weeks after the province's finance minister fired the Crown agency's entire board

Canada’s ETF market grows even more crowded

More than 180 new ETFs have made their trading debut on Canadian exchanges so far in 2024

  • By: Rudy Luukko
  • December 6, 2024 December 6, 2024
  • 12:31

Canada-listed ETFs now have more than half a trillion dollars in AUM: report

The products gathered $9.2B in November alone

Low costs, potential gains increasingly drawing investors to active ETFs

This year, 71% of new ETF launches have been actively managed, according to Bloomberg Intelligence

Review finds crypto firms sloppy with KYC too

OSC sweep uncovered issues with firms' account opening, client limits

U.S. brokerage failed to guard against reps’ theft

Morgan Stanley sanctioned by SEC for supervisory failures

Ex-fund rep used online brokers with clients

Rep circumvented registration limits to trade wider range of securities

National rent prices decline year-over-year to 15-month low: report

Rents dropped for the second month in a row after more than three years of increases

OSFI seen keeping Big Six buffers unchanged: DBRS

Despite intensified uncertainty, risk landscape is largely stable

U.S., European bank merger prospects rising

Regulators in both markets are increasingly friendly to bank consolidation: Fitch