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From the Regulators

Pair charged in ‘crypto king’ scheme

Joint investigation by OSC and Durham police results in fraud charges

Research and Markets

Home sales dip in April as spring listings perk up: CREA

Compared with year ago, sales up 10.1% in the month

Cyber attack
From the Regulators

US$25 million gone in 12 seconds, DOJ alleges

Brothers charged in alleged novel blockchain hack

Whistleblower
From the Regulators

OSC gives whistleblower $300,000 reward

Tipster alerted regulator to hard-to-detect misconduct

Retail sales
Research and Markets

Inflation and interest rates curb U.S. retail sales

Commerce Department says retail sales unchanged in April as Americans unexpectedly pause spending

Housing start
Research and Markets

CMHC reports decline in annual pace of housing starts

The seasonally adjusted annual rate of housing starts in Canada came in at 240,229 units for April, a drop of 1% from March

Manufacturing
Research and Markets

Manufacturing sales down 2.1% at $69.9B in March: StatsCan

Overall manufacturing sales in constant dollars fell 2.0% in the month

Inflation
Research and Markets

In first slowdown of 2024, U.S. inflation eases

April figures show slight cooling after three elevated readings

Wall street sign in New York with American flags and New York Stock Exchange background.
Research and Markets

U.S. banks face negative loan growth in Q1: S&P

Net interest margins shrink as loans contract, deposit costs rise

Greenwashing and isolated green warning sign against white background stock illustration
From the Regulators

ESMA finalizes anti-greenwashing guidance

Regulators issue advice to fund managers on ESG terms in fund names

gavel
From the Regulators

Court rejects challenge to SEC’s ESG disclosure rule

States failed to establish standing to oppose the rule

Image of wholesale products
Research and Markets

Wholesale sales down 1.1% in March: StatsCan

The agency says the overall decline came as sales were down in three of the seven subsectors it tracks

Federal Reserve
Research and Markets

Fed’s Powell downplays potential for a rate hike despite higher price pressures

During a panel discussion, Powell said his confidence that inflation will ease "is not as high as it was"

Estate-planning trusts will be hit hard by CGIR hike

Capital gains not flowed out to beneficiaries are "trapped" in the trust at death

Bank execs summoned to House of Commons environment committee

Committee has set a date of June 13 for the chief executives of RBC, TD, CIBC, BMO and Scotiabank to appear

When is the latest clients can sell assets prior to June 25?

Given several complicating factors, waiting until the last minute is a bad idea, tax experts say

Julie Martini moves to Ontario Chamber of Commerce

And Richardson Wealth snags a $500M team from TD

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

Steve Hawkins hires Evermore founder as LongPoint COO

LongPoint will focus on white labelling and also plans to launch its own passive ETFs

Embracing the AI boom through AI ETFs

Asset managers anticipate explosive growth in the AI market

Crypto ETFs continue losing ground to U.S. competitors

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

Crypto money launderers busted: DoJ

U.S. charges foreign nationals for allegedly laundering proceeds of "pig butchering" schemes

SEC beefs up data privacy rules

Changes will raise demands on firms to warn investors about breaches

FCA charges finfluencers over social media posts

U.K. regulators allege an unregistered FX trading scheme was touted on Instagram

Mortgages, credit cards drive debt higher

Household debt levels rise in March, StatsCan reports

Canadian investors pile into foreign equities

Portfolio outflows reach record levels in March, first quarter, StatsCan says

China rolls out new measures to fix its property crisis, spur growth

The central bank said it will reduce the minimum down payment for mortgages