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Industry News

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

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Research and Markets

U.S. credit metrics deteriorate in Q1: DBRS

Rate environment remains the key downside risk to credit card sector's outlook

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From the Regulators

CFTC sanctions crypto intermediary

Firm allegedly helped U.S. investors evade controls against offshore platforms

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Research and Markets

Shift to T+1 poses short-term risk: Moody’s

Ultimately, reduced settlement cycle will pay off for overall financial system

Federal Reserve
Research and Markets

Are U.S. interest rates high enough to beat inflation?

The Fed will take its time to find out

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Industry News

Canadian banks directed over US$100B to oil and gas last year: report

In 2023 most of the five biggest banks reduced fossil fuel funding relative to previous years

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From the Regulators

CFTC to draw line between gambling, futures trading

Regulator seeks to outlaw derivatives on election outcomes, sports, other events

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Research and Markets

April rent prices up 9.3%

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

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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

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Products

Steve Hawkins hires Evermore founder as LongPoint COO

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

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People

Julie Martini moves to Ontario Chamber of Commerce

And Richardson Wealth snags a $500M team from TD

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Industry News

iA Financial posts net income of $233 million in Q1

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

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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

Estate-planning trusts will be hit hard by CGIR hike

Capital gains not flowed out to beneficiaries are "trapped" in the trust at death

Bank execs summoned to House of Commons environment committee

Committee has set a date of June 13 for the chief executives of RBC, TD, CIBC, BMO and Scotiabank to appear

When is the latest clients can sell assets prior to June 25?

Given several complicating factors, waiting until the last minute is a bad idea, tax experts say

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

Crypto money launderers busted: DoJ

U.S. charges foreign nationals for allegedly laundering proceeds of "pig butchering" schemes

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

Mortgages, credit cards drive debt higher

Household debt levels rise in March, StatsCan reports

Canadian investors pile into foreign equities

Portfolio outflows reach record levels in March, first quarter, StatsCan says

China rolls out new measures to fix its property crisis, spur growth

The central bank said it will reduce the minimum down payment for mortgages