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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

Modern urban skyscrapers in downtown Chicago from below to the blue summer sky. Sun reflecting in the glass facades of the urban futuristic buildings. Chicago, Illinois, USA
Industry News

RioCan REIT reports profits up

Rents continue to trend upward, CEO says

data connections
Industry News

Canada headed for a hybrid open-banking regime

The government will set the standards for the private sector to implement

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Industry News

Second bill on open banking expected in the fall

Screen scraping would be phased out over time

housing costs

On which home should you claim the principal residence exemption?

Homeowners must now consider the proposed higher capital gains inclusion rate

Broke insolvent
Research and Markets

Amid high rates, U.S. corporate insolvencies rise: S&P

Business bankruptcies reach highest level in the past year

Banned
From the Regulators

Former fund rep sanctioned for exceeding registration

Fund rep could fill out basic information, but not KYC info, on investment dealer accounts

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Products

Embracing the AI boom through AI ETFs

Asset managers anticipate explosive growth in the AI market

Laurentian Bank cutting about 2% of workforce, ending equity research

The cuts come as the bank continues to work through its turnaround plan

Cardinal Point teams with Gavin Hockey Wealth Specialists

Combined firm will serve about 200 current and retired pro hockey players

Liberal tax promise tracker, post-2024 budget edition

Feds won't change tax treatment for REITs, and the status of other major tax proposals from the Trudeau government

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

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

Pair charged in ‘crypto king’ scheme

Joint investigation by OSC and Durham police results in fraud charges

Investor risk appetite rises: S&P

Brighter earnings prospects underpin growing optimism, survey finds

Unemployment sticks below 5% in March: OECD

However, ranks of unemployed women grew in the month

Home sales dip in April as spring listings perk up: CREA

Compared with year ago, sales up 10.1% in the month