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Blue spikes

Mutual funds mired in redemptions, ETF sales strong

Bond ETFs drove sales up in June, IFIC says

Red alert

Much work to be done, CSA year in review shows

Ongoing regulatory initiatives include binding authority at OBSI, climate-related disclosures, misleading titles, mutual fund sales practices and more

Financial board

MSCI launches 130 private capital indexes

The move is expected to boost transparency, access in the private investment space

ESG letters

Canada’s ESG fund flows negative in Q2: Morningstar

Stronger net sales in Europe bolstered global sustainable fund industry

Advisor tracking stocks

Don’t reimpose foreign asset limits on registered plans, IFIC tells feds

Finance’s qualified investments consultation asked for suggestions on how to promote Canadian investment

new memo employee appointment notice promotion

Industry moves this week

A variety of moves occurred across the industry, including advisor team transitions

announcement

OBSI seeks pair of new directors

With reforms pending, the organization will search for new consumer, industry board reps

China flag

China moves to pep up its slowing economy

The country released a 50-page roadmap and cut key interest rates Monday

Bank of Canada note

Two-thirds of Canadians ‘desperately’ need interest rates to go down: survey

Economists expect another rate cut could be in store

Bank of Canada note

Markets bet on second BoC interest rate cut this week

Recent data indicate inflation is easing

Digital image of bar charts and graphs

Outage validates regulators’ outsourcing worries

FSB, Basel Committee have long warned of tech risk in financial sector

cybersecurity of network of connected devices and personal data security, concept on virtual interface with consultant in background

CrowdStrike outage: Investors, asset managers watch for impacts

Outage affecting airlines, hospitals and border crossings

Canadian flag

Soft landing still possible for Canada: Desjardins

Unemployment rising, but layoffs aren't, leaving room to cut rates

Quirk in capital gains tax rules raises risks for incorporated clients

A company could face 60% tax on unintentional payout of excess amounts from its capital dividend account

Big banks must boost capital under now-delayed reform

DBRS estimates $27 billion in capital needed to keep ratios at current levels

Can the feds avoid repeating the bare trust debacle?

Joint tax committee will ask Finance to change the existing legislation

RBC unveils executive leadership shuffle

The bank's decision to split its personal and commercial banking divisions was one driver, as was simplifying work flows

FSRA names interim CEO

Stephen Power will take over after Mark White steps down later this month

  • By: IE Staff
  • July 5, 2024 July 5, 2024
  • 12:45

Industry moves this week

Appointments ranged from board changes to a promotion within the Order of Canada

U.S. spot ether ETFs begin trading, raising pressure on Canadian providers

Canada-listed ether ETFs have had three years’ head start

Industry groups want looser rules for qualified investments

IIAC and PMAC call for simpler requirements for investments held in TFSAs, RRSPs and more

The cybersecurity industry is projected to boom. These ETFs aim to cash in on that

Ticketmaster data breach highlights importance of investing in cybersecurity

ESMA’s long-term vision for sustainable investment

Paper seeks improvements to enable economic transition

Large dealers embrace remote exams: FINRA

Organization launches pilot program to allow remote supervision

Fund dealer complaints drop, bank gripes up: OBSI

Fraud claims pass suitability issues among investment cases

Fewer Americans file for jobless claims

Continuing claims have been on the rise in recent months

Capital markets bolster Wall Street banks

Investment banking gains cushion weakness in banking: Fitch

What BoC’s rate drop means for loonie

Divergence with Federal Reserve could put pressure on Canadian dollar