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keys to new home
Research and Markets

April rent prices up 9.3%

The average asking rent for a one-bedroom unit in Canada was $1,915

Financial board
Industry News

CI reports retail fund outflows of $1.3 billion in Q1

Firm posts $154.4-million loss as investors exit balanced funds, cash-like products

stage curtain
Products

Steve Hawkins hires Evermore founder as LongPoint COO

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

Businessman remove one piece from jenga tower Risk management concept metaphor
People

Julie Martini moves to Ontario Chamber of Commerce

And Richardson Wealth snags a $500M team from TD

Magnifying glass looking at financial data
Industry News

iA Financial posts net income of $233 million in Q1

Also, Michael L. Stickney will retire from the executive committee

Sun Life logo on a building
Industry News

Sun Life posts first-quarter net income of $875 million

Sun Life had $1.47 trillion in assets under management on March 31

Empty chairs
Research and Markets

Employment strength raises doubts about June rate cut

The April employment gain was the largest monthly increase since January 2023

Collage of british pounds
Research and Markets

Recession ends in the U.K.

While the British economy grew by 0.6% in the first quarter, it has barely grown over the past year

  • By: Pan Pylas
  • May 10, 2024 May 10, 2024
  • 10:18
U.S. Canada flag
Research and Markets

Trade war threatens Canada: Fitch

Protectionism has negative implications for output, employment and inflation

Quebec flag billowing in the breeze
From the Regulators

Capital raising shifts further to exempt market in Quebec

Prospectus filings decline, exempt offerings up in 2023, AMF reports

Business partnership meeting. Picture businessmans handshake. Successful businessmen handshaking after good deal. Horizontal, blurred (Business partnership meeting. Picture businessmans handshake. Successful businessmen handshaking after good deal. Ho
Research and Markets

Global private equity activity up in April: S&P

U.S. and Canada lead the way in global deal value

Green city
Industry News

Climate investment taxonomy would prevent greenwashing, confusion: experts

Government is working to launch taxonomy "as soon as possible," Freeland says

The facade of the Royal Exchange in the City of London
Research and Markets

BoE edges closer to rate cut, possibly in June

U.K. inflation is forecast to fall below target in the near term

Laurentian Bank cutting about 2% of workforce, ending equity research

The cuts come as the bank continues to work through its turnaround plan

Cardinal Point teams with Gavin Hockey Wealth Specialists

Combined firm will serve about 200 current and retired pro hockey players

Liberal tax promise tracker, post-2024 budget edition

Feds won't change tax treatment for REITs, and the status of other major tax proposals from the Trudeau government

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

Sam Albanese, industry pioneer, dies at 76

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

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

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

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

Pair charged in ‘crypto king’ scheme

Joint investigation by OSC and Durham police results in fraud charges

Investor risk appetite rises: S&P

Brighter earnings prospects underpin growing optimism, survey finds

Unemployment sticks below 5% in March: OECD

However, ranks of unemployed women grew in the month

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

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