Home News Page 4

Top Stories in News

gavel
From the Regulators

Misleading disclosure wasn’t material, BCSC panel finds

Misrepresentation allegations against pharma company and CEO dismissed

Female advisor meeting with male client at hotel lobby
Industry News

Desjardins using CapIntel Correlate for client education, CFR help

Also, BDO releases AI for wealth management

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

Climate investment taxonomy would prevent greenwashing, confusion: experts

Government is working to launch taxonomy "as soon as possible," Freeland says

Manulife reports first-quarter net income of $866M

Company says it will ramp up share buybacks

RioCan REIT reports profits up

Rents continue to trend upward, CEO 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

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

Binance hit with $6-million Fintrac fine

Firm sanctioned over reporting, registration failures

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

Trade war threatens Canada: Fitch

Protectionism has negative implications for output, employment and inflation