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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

Magnifying glass on documents

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

Fraudster imprisoned
From the Regulators

Toronto police bust fake investment scheme

Perpetrators posing as representatives of Schroders, an asset manager

Personal finances
Industry News

CRA releases FHSA return for taxes owing

FHSA holders may trigger tax when they overcontribute or hold non-qualified investments

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

Emerge ETFs class action won’t proceed

Fund manager has no assets or insurance, lawyer says

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People

Industry moves this week

A mix of retirements and board appointments

  • By: Katie Keir
  • April 26, 2024 April 26, 2024
  • 14:41
Green forest
Research and Markets

Sustainable fund flows rebound in Q1: Morningstar

Canadian fund flows perk up, while U.S. sees record outflows

stack of gold coins on a dark background
From the Regulators

Precious metals scammers sanctioned

Elderly investors duped into converting retirement savings into overpriced coins

Federal Reserve building
Research and Markets

Fed’s preferred inflation gauge shows price pressures stayed elevated last month

Many economists envision no rate cuts before September

Fed leaves interest rates at two-decade high

Board says inflation has remained stubbornly high in recent months

Ivey summer program aims to attract women to financial services

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

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

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

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

Industry moves this week

A mix of retirements and firm expansions, alongside RBC's termination notice

  • By: Katie Keir
  • April 10, 2024 April 9, 2024
  • 07:01

Higher capital gains inclusion rate and mutual funds

Mutual fund corporations can pass gains to unitholders

TFSAs, RRSPs and more could see changes in allowed investments

Qualified investments review could lead to lower costs for investors but also restrictions

OSC still overseeing Emerge Canada as receivable remains unpaid

The regulator's investigation into Emerge Canada is ongoing

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

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

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

Canadians’ outlook on retirement is declining, report finds

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

CEO pay soars among S&P companies

New ISS research finds CEO pay up alongside shareholder returns