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TD bank. stock photo
Industry News

TD hit with $9.2M penalty after failing to report suspicious transactions

The penalty is for five violations during a review between March 2022 and March 2023: Fintrac

stock exchange
Industry News

Great-West Lifeco reports $960 million net earnings in Q1

GWL's AUM dips below $1 trillion after Putnam sale

Tiff Macklem
Industry News

Canadian interest rates don’t have to match U.S. or global rates: Macklem

Forecasters widely expect the Bank of Canada to lower its policy rate in June or July

wood cut-outs
Research and Markets

Jobless claims in the U.S. remain historically low

U.S. employers added 303,000 jobs last month, an example of the U.S. economy’s resilience

home sale
Research and Markets

Greater Vancouver home sales rise in April

Inventory in April reached levels not seen since pandemic

client meeting
Research and Markets

Young investors more likely to switch advisors: survey

High costs were cited as a top concern among young investors

Federal Reserve building
Industry News

Fed leaves interest rates at two-decade high

Board says inflation has remained stubbornly high in recent months

House for sale
Research and Markets

Calgary home sales jump in April, driven by lower-priced houses

Calgary Real Estate Board says 2,881 units sold last month, with a benchmark price across all home types of $603,700

Judge makes ruling

Delay for OSC’s Bridging hearing denied

Tribunal refused to pause its proceedings while lawyers try to get paid

Tatiana Choi headshot
Industry News

Ivey summer program aims to attract women to financial services

Undergrad's intimidation changed to interest with Women in Asset Management program

jail bars
From the Regulators

Binance founder sentenced to 4 months

Changpeng Zhao jailed for allowing rampant money laundering on the platform

TD bank. stock photo
From the Regulators

TD takes US$450M provision related to anti-money laundering inquiry

Bank's chief executive acknowledged that the investigation has weighed on TD's share price

Pension saving
Research and Markets

Canadians’ outlook on retirement is declining, report finds

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

Second bill on open banking expected in the fall

Screen scraping would be phased out over time

On which home should you claim the principal residence exemption?

Homeowners must now consider the proposed higher capital gains inclusion rate

Tax group asks feds to allow deemed sales ahead of capital gains change

Taxpayers have been given too little time to plan next steps, CBA-CPA joint committee says

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

Former fund rep sanctioned for exceeding registration

Fund rep could fill out basic information, but not KYC info, on investment dealer accounts

ESMA consults on retail crypto funds

Regulator contemplates expanding eligible assets for retail investment funds

IOSCO chief heads to FSB

Global group of regulators seeks new secretary general

Amid high rates, U.S. corporate insolvencies rise: S&P

Business bankruptcies reach highest level in the past year

Household income rebounds to end 2023: OECD

But not in Canada, where population surge weighs on per capita income and real GDP

Capital markets rebound offsets U.S. banks’ weakness

Net interest margins tight, loan growth weak in first quarter, DBRS says