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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

announcement
People

Industry moves this week

A mix of retirements and board appointments

  • By: Katie Keir
  • April 26, 2024 April 26, 2024
  • 14:41
Green forest
Research and Markets

Sustainable fund flows rebound in Q1: Morningstar

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

stack of gold coins on a dark background
From the Regulators

Precious metals scammers sanctioned

Elderly investors duped into converting retirement savings into overpriced coins

Federal Reserve building
Research and Markets

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

Many economists envision no rate cuts before September

Old and new sign
From the Regulators

CIRO proposes new fee model

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

Cartoon businessman running away from tax collector

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

growth in challenging times
Research and Markets

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

Higher interest rates are weighing on the economy

Personal finances
Industry News

Renovating on a budget

Inflation, higher interest rates add to the financial challenges

Man searches for job on the internet
Research and Markets

Employment numbers slide in February: StatsCan

Payrolls dip, but vacancies and wages rise

Desjardins using CapIntel Correlate for client education, CFR help

Also, BDO releases AI for wealth management

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

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

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

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

Industry moves this week

A mix of retirements and firm expansions, alongside RBC's termination notice

  • By: Katie Keir
  • April 10, 2024 April 9, 2024
  • 07:01

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 still overseeing Emerge Canada as receivable remains unpaid

The regulator's investigation into Emerge Canada is ongoing

Misleading disclosure wasn’t material, BCSC panel finds

Misrepresentation allegations against pharma company and CEO dismissed

Delay for OSC’s Bridging hearing denied

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

Binance founder sentenced to 4 months

Changpeng Zhao jailed for allowing rampant money laundering on the platform

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

Greater Vancouver home sales rise in April

Inventory in April reached levels not seen since pandemic

Young investors more likely to switch advisors: survey

High costs were cited as a top concern among young investors