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
Renewable energy, greater electrification and technological innovation are driving interest in infrastructure investments
Disappointing U.S. retail sales raise bets for more rate cuts
Housing starts forecast to drop to 247,000 this year as costs, inventories rise
Alleged $213-million loan guarantee remains subject of dispute
U.K. agency brings first proceeding alleging illegal promotional activity
Agency found firm failed to report suspicious transaction
Date not reasonable for industry implementation, tax practitioner says
$10M capital gains exemption for sellers set to expire at end of this year
Aging client base, different registered accounts are changing how advisors see RRSP season
Plus, moves at Our Family Office, Harvest ETFs, Manulife Wealth, Canada Life and more
Plus, Wellington-Alus Private Counsel and Ninepoint Partners add new talent
Also, moves at Mackenzie Investments, Edward Jones Canada and the CSA
Fees, ease of access are key considerations for investors when selecting an ETF
Plus, National Bank changes diversified equity fund
Net monthly ETF inflows reach $22B in January: report