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From the Regulators

Helping investors make use of climate disclosures

ISSB releases taxonomy that aids analysis of new sustainability standards

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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

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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

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Research and Markets

Fed’s new challenge: Spend-happy consumers

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

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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

Fraudster imprisoned
From the Regulators

Toronto police bust fake investment scheme

Perpetrators posing as representatives of Schroders, an asset manager

Personal finances
Industry News

CRA releases FHSA return for taxes owing

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

A gavel rests on its sounding block with a several law books and a justice scale out of fucus in the background. A cool blue cast dominates the scene. (A gavel rests on its sounding block with a several law books and a justice scale out of fucus in t

Emerge ETFs class action won’t proceed

Fund manager has no assets or insurance, lawyer says

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

Desjardins using CapIntel Correlate for client education, CFR help

Also, BDO releases AI for wealth management

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

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

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

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

Sustainable fund flows lagged industry in Q1: Morningstar

Bond funds drove the positive net flow activity as assets hit record high

U.S. employers added a modest 175,000 jobs in April

The resilient strength of the job market and overall economy has kept inflation above the Fed’s 2% target