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Pension saving
Research and Markets

Canadians’ outlook on retirement is declining, report finds

Having a financial plan and consulting an advisor, however, can help

Front view of the Parliament building in Ottawa, late winter, early spring
Industry News

Capital gains tax changes not included in Freeland’s proposed budget legislation

The changes are expected to come in a separate piece of legislation

Piggy bank with money flat icon illustration
Research and Markets

CEO pay soars among S&P companies

New ISS research finds CEO pay up alongside shareholder returns

iPad health
From the Regulators

Helping investors make use of climate disclosures

ISSB releases taxonomy that aids analysis of new sustainability standards

Building graph
From the Regulators

Market correction risks elevated, regulators caution

Monetary policy uncertainty, geopolitical, cybersecurity risks abound, report says

Coin pile
Research and Markets

U.S. workers’ paycheques grew faster in first quarter

The trend could contribute to higher inflation, raise concerns at the Fed

Signing bank documents

Don’t rush to sell assets due to higher inclusion rate, experts say

Determining how long the client was going to hold the asset is an important factor in the decision

Arrow blocks
Research and Markets

Real GDP grew 0.2% in February: StatsCan

Canadian economy lost steam after strong start to year

housing costs
Research and Markets

Majority of aspiring homeowners awaiting rate cuts: BMO poll

Plans are being delayed to 2025 and beyond, the survey says

Metal handcuffs placed over the word fraud
From the Regulators

Fraudsters faking identities, duping banks

Toronto police bust alleged synthetic identity ring

Two shopaholics carrying paperbags while walking along shop window
Research and Markets

Fed’s new challenge: Spend-happy consumers

Work-from-home trend, wealthy retirees drive shifts in U.S. consumer patterns

binoculars
Research and Markets

Ratings for global financial sector trend positive: Fitch

Sovereign ratings drive bulk of positive rating action

Magnifying glass on documents

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

Berkshire Hathaway event gives good view of Warren Buffett’s successor

The event also raised new questions about the company's succession plan

Capital gains changes tip the scales for business owners

Incorporated professionals must consider deferral, dividends and deductions

TD penalties expected to be higher on alleged money laundering link: analyst

Bank says it's working to strengthen its anti-money laundering program

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

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 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

OSC to increase focus on DIY investors

The regulator also wants to toughen enforcement and see better advice given at banks

FSRA chief tapped for Ontario Energy Board

Proposed appointment still needs to be confirmed by legislative committee

SEC sanctions systematic audit firm failures

Firm allegedly recycled audit papers, routinely failed to meet standards

Green bond issuance rebounds in Q1: Moody’s

New issue activity on track to meet US$950 billion full-year forecast

Energy inflation resurfaces, core stays stable: OECD

Weaker food prices help offset rising energy inflation

Business insolvencies spike in Q1, consumer insolvencies also rise

It's the largest year-over-year increase in business insolvencies in 37 years, association says