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Tiff Macklem
Industry News

Canadian interest rates don’t have to match U.S. or global rates: Macklem

Forecasters widely expect the Bank of Canada to lower its policy rate in June or July

wood cut-outs
Research and Markets

Jobless claims in the U.S. remain historically low

U.S. employers added 303,000 jobs last month, an example of the U.S. economy’s resilience

home sale
Research and Markets

Greater Vancouver home sales rise in April

Inventory in April reached levels not seen since pandemic

client meeting
Research and Markets

Young investors more likely to switch advisors: survey

High costs were cited as a top concern among young investors

Federal Reserve building
Industry News

Fed leaves interest rates at two-decade high

Board says inflation has remained stubbornly high in recent months

House for sale
Research and Markets

Calgary home sales jump in April, driven by lower-priced houses

Calgary Real Estate Board says 2,881 units sold last month, with a benchmark price across all home types of $603,700

Judge makes ruling

Delay for OSC’s Bridging hearing denied

Tribunal refused to pause its proceedings while lawyers try to get paid

Tatiana Choi headshot
Industry News

Ivey summer program aims to attract women to financial services

Undergrad's intimidation changed to interest with Women in Asset Management program

jail bars
From the Regulators

Binance founder sentenced to 4 months

Changpeng Zhao jailed for allowing rampant money laundering on the platform

TD bank. stock photo
From the Regulators

TD takes US$450M provision related to anti-money laundering inquiry

Bank's chief executive acknowledged that the investigation has weighed on TD's share price

Pension saving
Research and Markets

Canadians’ outlook on retirement is declining, report finds

Having a financial plan and consulting an advisor, however, can help

Front view of the Parliament building in Ottawa, late winter, early spring
Industry News

Capital gains tax changes not included in Freeland’s proposed budget legislation

The changes are expected to come in a separate piece of legislation

Piggy bank with money flat icon illustration
Research and Markets

CEO pay soars among S&P companies

New ISS research finds CEO pay up alongside shareholder returns

Capital gains changes tip the scales for business owners

Incorporated professionals must consider deferral, dividends and deductions

TD penalties expected to be higher on alleged money laundering link: analyst

Bank says it's working to strengthen its anti-money laundering program

Desjardins using CapIntel Correlate for client education, CFR help

Also, BDO releases AI for wealth management

Industry moves this week

A mix of retirements and board appointments

  • By: Katie Keir
  • April 26, 2024 April 26, 2024
  • 14:41

Industry moves this week

Notable news comes from banking, and a new leader joins Sterling Mutuals

Sam Albanese, industry pioneer, dies at 76

Friends, colleagues remember him as an innovator who was dedicated to his field

Crypto ETFs continue losing ground to U.S. competitors

Total inflows for Canadian ETFs has hit $19 billion for the year to date

Emerge ETFs unitholder calls for greater regulatory oversight

Investor decries lack of communication throughout cease-trade order, and recommends increased due diligence when choosing funds

Emerge ETFs class action won’t proceed

Fund manager has no assets or insurance, lawyer says

OSC to increase focus on DIY investors

The regulator also wants to toughen enforcement and see better advice given at banks

FSRA chief tapped for Ontario Energy Board

Proposed appointment still needs to be confirmed by legislative committee

SEC sanctions systematic audit firm failures

Firm allegedly recycled audit papers, routinely failed to meet standards

Business insolvencies spike in Q1, consumer insolvencies also rise

It's the largest year-over-year increase in business insolvencies in 37 years, association says

Sustainable fund flows lagged industry in Q1: Morningstar

Bond funds drove the positive net flow activity as assets hit record high

U.S. employers added a modest 175,000 jobs in April

The resilient strength of the job market and overall economy has kept inflation above the Fed’s 2% target