Home News Page 3

Top Stories in News

Handshake between robot and human, AI generated image
Products

Embracing the AI boom through AI ETFs

Asset managers anticipate explosive growth in the AI market

Points on a graph
Research and Markets

Household income rebounds to end 2023: OECD

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

consultation discussion
From the Regulators

ESMA consults on retail crypto funds

Regulator contemplates expanding eligible assets for retail investment funds

From the Regulators

IOSCO chief heads to FSB

Global group of regulators seeks new secretary general

skyscrapers in Manhattan at sunset, New York City
Research and Markets

Capital markets rebound offsets U.S. banks’ weakness

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

Wall street sign in New York with American flags and New York Stock Exchange background.
From the Regulators

U.S. regulators revive incentive pay proposals

Rules were initially crafted to discourage excessive risk taking in the wake of the global financial crisis

Canadian Parliament Building at Dusk

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

ESG investing
Research and Markets

ESG discussions with clients lacking, research suggests

Secret shopper exercise highlights the need to align client goals with appropriate investments

Green globe
Research and Markets

Green bond issuance rebounds in Q1: Moody’s

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

Wrestling inflation
Research and Markets

Energy inflation resurfaces, core stays stable: OECD

Weaker food prices help offset rising energy inflation

succession planning
Industry News

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

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

Silhouette of man at sunset
From the Regulators

OSC to increase focus on DIY investors

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

Queen's park, Ontario
From the Regulators

FSRA chief tapped for Ontario Energy Board

Proposed appointment still needs to be confirmed by legislative committee

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

iA Financial posts net income of $233 million in Q1

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

Sun Life posts first-quarter net income of $875 million

Sun Life had $1.47 trillion in assets under management on March 31

Julie Martini moves to Ontario Chamber of Commerce

And Richardson Wealth snags a $500M team from TD

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

Steve Hawkins hires Evermore founder as LongPoint COO

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

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

CFTC to draw line between gambling, futures trading

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

Capital raising shifts further to exempt market in Quebec

Prospectus filings decline, exempt offerings up in 2023, AMF reports

OSC tests new early-stage exemptions

Regulator adopts new exemptions designed to help startups raise capital

April rent prices up 9.3%

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

Employment strength raises doubts about June rate cut

The April employment gain was the largest monthly increase since January 2023

Recession ends in the U.K.

While the British economy grew by 0.6% in the first quarter, it has barely grown over the past year

  • By: Pan Pylas
  • May 10, 2024 May 10, 2024
  • 10:18