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Canada Parliament and Canadian Flag over blue sky.

Feds raise capital gains inclusion rate to 66.6% for high earners, starting June 25

Higher new rate applies on gains above $250,000 for individuals, and all gains realized in corps and trusts

Canadian Parliament in Ottawa

Budget 2024 pledges $53B in new spending

Government keeps $40-billion deficit from rising in annual budget

100-dollar-bill
Research and Markets

Fed’s Powell: Elevated inflation will likely delay rate cuts this year

U.S. consumer inflation was most recently reported at 3.5%

China flag
Research and Markets

China’s GDP delivers upside surprise for Q1

Risks remain to the downside for economy, Desjardins says

A man looks through a magnifying glass
Research and Markets

Corporate credit quality weakening: Fitch

Downgrades outnumber upgrades, led by weakness in corporate junk

home building
Research and Markets

Housing starts down 7% in March: CMHC

Despite month-over-month decline in March, housing starts trending 'at a solid pace': economist

Globe dollars
Research and Markets

IMF: Outlook for world economy is brighter

Global expansion being powered by unexpectedly strong growth in the U.S.

Wooden blocks with percentage sign and arrow up, financial growth, interest rate increase, inflation concept
Research and Markets

Annual inflation rate increased to 2.9% in March

Gasoline prices rose 4.5% compared with a year earlier

Magnifying glass on documents

OSC still overseeing Emerge Canada as receivable remains unpaid

The regulator's investigation into Emerge Canada is ongoing

home financing
Research and Markets

Feds propose loan program for secondary suites

Homeowners could soon access up to $40,000 in low-interest loans

  • By: IE Staff
  • April 15, 2024 April 15, 2024
  • 15:22
Picking a dollar
From the Regulators

Real estate Ponzi schemer sanctioned by BCSC

Fraudster raised $1.2 million from investors in illegal distribution

Inflation balloon
Research and Markets

U.S. inflation surprise clouds rate cut picture

Unlikely that Fed will see enough support for a June cut, Moody's says

Justice scales and gavel by books
From the Regulators

Crypto exchange hacker gets jail time

U.S. judge sanctions first smart contract hacker

CIFP sues FP Canada for agreement breach, trade libel

Claim asks for $1.2 million in damages arising from dispute over regulator-approved credentials for title protection

TD’s Masrani hopes to tell shareholders more on anti-money laundering probe soon

TD working to fix anti-money laundering program, exec says

Virtual-only meetings erode shareholder democracy, group warns

Warning follows revised guidance from the CSA on virtual shareholder meetings

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

TFSAs, RRSPs and more could see changes in allowed investments

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

Private markets becoming more accessible, but due diligence needed

Compared to public markets, private markets have less transparency and offer less liquidity

Real-asset ETFs can diversify tech-heavy portfolios

Regulated rates of return can provide a margin of safety to investors

CIRO seeks stiffer enforcement sanctions

SRO proposes doubling maximum fines, toughening suspensions

CSA sets path to market data reforms

Regulators to boost fee transparency, explore enhanced retail access

FSRA disciplinary disclosure faces legal challenge

Ontario court allows bid for judicial review of enforcement practices

Household debt climbs higher: StatsCan

Mortgage borrowing accelerates, while other sources of debt growth slow

New one-month T-bill launches in May

New instrument aims to fill a void created as CDOR is retired

Yellen says Iran’s actions could cause global economic spillovers

Treasury secretary tells meetings of the International Monetary Fund and World Bank of the importance of using economic tools to counter malignant activity