FINTRAC levies $1.3-million penalty against CIBC
The fine is the second announced this week, after RBC was also penalized
- By: Ian Bickis, The Canadian Press
- December 7, 2023 December 7, 2023
- 12:22
The fine is the second announced this week, after RBC was also penalized
Deferred annuities were first introduced in 2019 federal budget
Home sales in the region totalled 2,664, down from 2,700 in November 2022
Firms to pay US$2.6 million, including US$1 million in client restitution
The 0.8% drop is the sixth straight quarterly labour productivity decline, StatsCan reports
Imports fell 2.8% for the month to $63 billion
Bankers warn that the proposals could negatively impact the economy at a time of geopolitical turmoil and inflation
In final decision of 2023, central bank says weaker growth and cooling job market suggests demand is no longer outpacing supply
Recommendations echo affordability measures in government's fall economic statement
In Vancouver, home sales rose as newly listed properties added to supply
Justices voiced concerns that a case challenging a provision of the 2017 tax bill would threaten other provisions of the tax code
Rise in benchmark short-term rate to 0.75% is aimed at curbing inflation
Statistics Canada says sales fell in four of nine subsectors
The Canadian dollar traded for 72.60 cents US, up slightly from Wednesday
Accountant allegedly found assets used to lure investors to schemes
OSC forgoes monetary sanctions, amid bankruptcy, ongoing litigation
Execs that previously pleaded guilty in fraud case accept regulatory sanctions
Provincial regulator can halt trading when misinformation circulates
QAFP exam has one more sitting before title protection transition ends
Help clients benefit from opportunities with TFSAs, RRSPs, RRIFs and more
Plus, Wellington-Alus Private Counsel and Ninepoint Partners add new talent
Also, moves at Mackenzie Investments, Edward Jones Canada and the CSA
Plus, moves at BMO Private Wealth, Fiera Capital and CIBC GAM
Mutual fund, ETF AUM rose for the seventh consecutive month
Plus, other product launches and news, including more ESG fund terminations
More than 300 new products landed in 2025 — a new record