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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

parliament hill
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

Points on a graph
Research and Markets

Household income rebounds to end 2023: OECD

But not in Canada, where population surge weighs on per capita income and real GDP

consultation discussion
From the Regulators

ESMA consults on retail crypto funds

Regulator contemplates expanding eligible assets for retail investment funds

From the Regulators

IOSCO chief heads to FSB

Global group of regulators seeks new secretary general

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Research and Markets

Capital markets rebound offsets U.S. banks’ weakness

Net interest margins tight, loan growth weak in first quarter, DBRS says

Wall street sign in New York with American flags and New York Stock Exchange background.
From the Regulators

U.S. regulators revive incentive pay proposals

Rules were initially crafted to discourage excessive risk taking in the wake of the global financial crisis

Canadian Parliament Building at Dusk

Tax group asks feds to allow deemed sales ahead of capital gains change

Taxpayers have been given too little time to plan next steps, CBA-CPA joint committee says

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

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

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