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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

iPad health
From the Regulators

Helping investors make use of climate disclosures

ISSB releases taxonomy that aids analysis of new sustainability standards

Building graph
From the Regulators

Market correction risks elevated, regulators caution

Monetary policy uncertainty, geopolitical, cybersecurity risks abound, report says

Coin pile
Research and Markets

U.S. workers’ paycheques grew faster in first quarter

The trend could contribute to higher inflation, raise concerns at the Fed

Signing bank documents

Don’t rush to sell assets due to higher inclusion rate, experts say

Determining how long the client was going to hold the asset is an important factor in the decision

Arrow blocks
Research and Markets

Real GDP grew 0.2% in February: StatsCan

Canadian economy lost steam after strong start to year

housing costs
Research and Markets

Majority of aspiring homeowners awaiting rate cuts: BMO poll

Plans are being delayed to 2025 and beyond, the survey says

Metal handcuffs placed over the word fraud
From the Regulators

Fraudsters faking identities, duping banks

Toronto police bust alleged synthetic identity ring

Two shopaholics carrying paperbags while walking along shop window
Research and Markets

Fed’s new challenge: Spend-happy consumers

Work-from-home trend, wealthy retirees drive shifts in U.S. consumer patterns

binoculars
Research and Markets

Ratings for global financial sector trend positive: Fitch

Sovereign ratings drive bulk of positive rating action

Desjardins using CapIntel Correlate for client education, CFR help

Also, BDO releases AI for wealth management

TD hit with $9.2M penalty after failing to report suspicious transactions

The penalty is for five violations during a review between March 2022 and March 2023: Fintrac

Great-West Lifeco reports $960 million net earnings in Q1

GWL's AUM dips below $1 trillion after Putnam sale

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

  • By: Katie Keir
  • April 15, 2024 April 15, 2024
  • 13:17

Sam Albanese, industry pioneer, dies at 76

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

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

Higher capital gains inclusion rate and mutual funds

Mutual fund corporations can pass gains to unitholders

Misleading disclosure wasn’t material, BCSC panel finds

Misrepresentation allegations against pharma company and CEO dismissed

Delay for OSC’s Bridging hearing denied

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

Binance founder sentenced to 4 months

Changpeng Zhao jailed for allowing rampant money laundering on the platform

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

Greater Vancouver home sales rise in April

Inventory in April reached levels not seen since pandemic

Young investors more likely to switch advisors: survey

High costs were cited as a top concern among young investors