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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

ESG investing
Research and Markets

ESG discussions with clients lacking, research suggests

Secret shopper exercise highlights the need to align client goals with appropriate investments

Green globe
Research and Markets

Green bond issuance rebounds in Q1: Moody’s

New issue activity on track to meet US$950 billion full-year forecast

Wrestling inflation
Research and Markets

Energy inflation resurfaces, core stays stable: OECD

Weaker food prices help offset rising energy inflation

succession planning
Industry News

Berkshire Hathaway event gives good view of Warren Buffett’s successor

The event also raised new questions about the company's succession plan

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From the Regulators

OSC to increase focus on DIY investors

The regulator also wants to toughen enforcement and see better advice given at banks

Queen's park, Ontario
From the Regulators

FSRA chief tapped for Ontario Energy Board

Proposed appointment still needs to be confirmed by legislative committee

Two entrepreneurs working on their bills in the retail store

Capital gains changes tip the scales for business owners

Incorporated professionals must consider deferral, dividends and deductions

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

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

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