CI Financial asks rating agency to stop covering it
Toronto-based firm takes issue with methodology used by Morningstar DBRS, which downgraded it earlier this year
- By: Rudy Mezzetta
- September 13, 2024 September 13, 2024
- 15:02
BMO to unwind $1.2-billion provision after ruling in its favour
CIRO decides discretionary, discount accounts for fund dealers won't be pursued as part of rulebook consolidation project
Canada's chief actuary is scheduled to deliver the estimate sometime this fall
The previous retirement ages were set when life expectancy was only around 40 years
Unregistered investment funds are allegedly costing investors millions
CALU and IIAC hope government will reconsider minimum RRIF withdrawal regime in the 2025 budget
Reforms follow a review that found shortcomings in existing arrangements
Plus, a roundup of recent fund launches
Household assets top $20 trillion, as financial assets climb
Shorter settlement cycle has succeeded in reducing risk, freeing up capital
Central bank will need to accelerate easing to avoid recession, economist says
Stronger growth in U.S., China and India led the way
Precious metals action calms, while Dow Jones tops 50K
Report calls for action on data gaps, surveillance, leverage
Trade deficit remains unchanged amid shifting tariff policy, Fitch reports
Trust account used in fraud, misappropriation, Law Society finds
Policy failed to cover hedge fund investment that turned out to be a fraud
Firm allegedly touted stocks on social media, while selling its holdings
The honours will be presented Feb. 12, at the association's Embrace the Challenge event
Start with flexibility, tax efficiency, simplicity
Brokers, MGAs, software providers and TPAs set to evolve
Plus, moves at Our Family Office, Harvest ETFs, Manulife Wealth, Canada Life and more
Plus, Wellington-Alus Private Counsel and Ninepoint Partners add new talent
Also, moves at Mackenzie Investments, Edward Jones Canada and the CSA
Plus, National Bank changes diversified equity fund
Net monthly ETF inflows reach $22B in January: report
Plus, other firms launch new products, tweak their fund lineups