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Empty chairs
Research and Markets

Employment strength raises doubts about June rate cut

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

Collage of british pounds
Research and Markets

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
U.S. Canada flag
Research and Markets

Trade war threatens Canada: Fitch

Protectionism has negative implications for output, employment and inflation

Quebec flag billowing in the breeze
From the Regulators

Capital raising shifts further to exempt market in Quebec

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

Business partnership meeting. Picture businessmans handshake. Successful businessmen handshaking after good deal. Horizontal, blurred (Business partnership meeting. Picture businessmans handshake. Successful businessmen handshaking after good deal. Ho
Research and Markets

Global private equity activity up in April: S&P

U.S. and Canada lead the way in global deal value

Green city
Industry News

Climate investment taxonomy would prevent greenwashing, confusion: experts

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

The facade of the Royal Exchange in the City of London
Research and Markets

BoE edges closer to rate cut, possibly in June

U.K. inflation is forecast to fall below target in the near term

Oil pump jacks at sunset sky background.
Research and Markets

Oil executives expect sustained period of strong crude prices: survey

Two-thirds of polled institutional investors predicted energy sector will outperform over next 12 months

a bright idea
From the Regulators

OSC tests new early-stage exemptions

Regulator adopts new exemptions designed to help startups raise capital

Manulife head office building in Toronto, Canada. Manulife is a Canadian multinational insurance company.
Industry News

Manulife reports first-quarter net income of $866M

Company says it will ramp up share buybacks

gavel
From the Regulators

Binance hit with $6-million Fintrac fine

Firm sanctioned over reporting, registration failures

Bitcoin Electronic Crypto Currency Exchange Concept Illustration
From the Regulators

U.S. banks undertake blockchain experiment

Project to examine streamlining settlement for money markets

Financial accounting business sheet calculator
Research and Markets

UBS is back in the black

Strong quarter for wealth management helps bank return to profitability

Estate-planning trusts will be hit hard by CGIR hike

Capital gains not flowed out to beneficiaries are "trapped" in the trust at death

Bank execs summoned to House of Commons environment committee

Committee has set a date of June 13 for the chief executives of RBC, TD, CIBC, BMO and Scotiabank to appear

When is the latest clients can sell assets prior to June 25?

Given several complicating factors, waiting until the last minute is a bad idea, tax experts say

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

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

Crypto money launderers busted: DoJ

U.S. charges foreign nationals for allegedly laundering proceeds of "pig butchering" schemes

SEC beefs up data privacy rules

Changes will raise demands on firms to warn investors about breaches

FCA charges finfluencers over social media posts

U.K. regulators allege an unregistered FX trading scheme was touted on Instagram

Mortgages, credit cards drive debt higher

Household debt levels rise in March, StatsCan reports

Canadian investors pile into foreign equities

Portfolio outflows reach record levels in March, first quarter, StatsCan says

China rolls out new measures to fix its property crisis, spur growth

The central bank said it will reduce the minimum down payment for mortgages