Home News Page 3

Top Stories in News

Research and Markets

Equifax testing use of rent data for credit scores

Policy could be a double-edged sword for renters, advocates warn

Green globe in forest
From the Regulators

Nature, workforce risks next on ISSB’s agenda

Standards setter defines its policy direction beyond climate disclosures

environment
From the Regulators

FCA escalates greenwashing fight

Regulator seeks to extend regime to portfolio managers

checking stock market data on a mobile device
Research and Markets

Fund sales slip in March, but assets rise: IFIC

ETFs outperform mutual funds in both net sales, asset gains

compliance

Budget softens mandatory tax disclosure regime

While financial advisors are still subject to the rules, the budget change could undermine lawyers' Charter challenge of the regime

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

Wall Street banks see brighter capital markets

A rebound in investment banking represents a ray of hope for sector

inequality between people
Research and Markets

Wealth gap widens to highest since 2015: TD

Middle- and low-income households saw stagnated income growth or declines

Boardroom talk
Industry News

First Nations on cusp of more self-sustaining project financing

Only a matter of time before equity deals on pipelines are announced, says RBC top exec McKay

Building graph
Industry News

AIMCo’s balanced fund falls short of benchmark in 2023

Returns affected by high inflation and interest rates, geopolitics, chief executive says

Court.
From the Regulators

Court certifies crypto class action against Binance

Suit alleges that retail investor trades violated securities law

Mining resources
Research and Markets

Raw materials prices rise in March: StatsCan

Surging crude energy prices drive higher raw material costs

CRA signage
Industry News

Bare trusts still must file an underused housing tax return

April 30 deadline looms for 2022 and 2023 UHT returns 

Tiff Macklem
Research and Markets

Macklem says different countries will cut rates at own pace

Economists expect Canada to begin cutting interest rates before the U.S.

CRA releases FHSA return for taxes owing

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

Feds to give CRA new powers to compel data from taxpayers

The agency could extend reassessment period if a taxpayer is issued a notice of non-compliance

Renovating on a budget

Inflation, higher interest rates add to the financial challenges

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

  • 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

Emerge ETFs class action won’t proceed

Fund manager has no assets or insurance, lawyer says

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

Toronto police bust fake investment scheme

Perpetrators posing as representatives of Schroders, an asset manager

Precious metals scammers sanctioned

Elderly investors duped into converting retirement savings into overpriced coins

CIRO proposes new fee model

Fees to rise for most firms as minimums go up, certain dealers pay higher share

Sustainable fund flows rebound in Q1: Morningstar

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

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

Many economists envision no rate cuts before September

U.S. growth slowed sharply last quarter to 1.6% pace

Higher interest rates are weighing on the economy