The regulator maintains the LLQP likely won't meet the standard for "financial advisor"
The regulator handed out $3.4 million in fines last year, down from $9.3 million in 2019
Government relief diminished the need for banks’ massive loan loss reserves
Eligible clients can choose from more than 80 ETFs from BMO, iShares and Vanguard
The fund has characteristics of an annuity or pension, with monthly lifetime distributions when investors turn 65
The bank’s loan loss provisions fell to $496 million compared with $1.85 billion a year ago
The boost was aided by the loosening of public health restrictions
Sources of inflation will likely prove temporary as the economy reopens and finds its footing
The launch comes months after the Liberals first laid out the plan last September
The rebound will be thanks to reduced Covid-19 restrictions in the second half of the year
Lower-paid female workers are at greatest risk of losing jobs to automation in response to Covid-19
The board proposed targets for enhancing cross-border payments systems
Regulators warned of a rise in scams involving fraudsters posing as well-known financial firms
The central bank issued a summary of its overnight-rate deliberations earlier this month
Americans’ assessments of their current economic situation tumbled: survey
Alternative Credit Council research points to further growth, diversification in 2025
The increase is part of an effort to beef up anti-money laundering measures
Accountant allegedly found assets used to lure investors to schemes
OSC forgoes monetary sanctions, amid bankruptcy, ongoing litigation
The pension fund's 50% share of the initial capital commitment is roughly $1.8 billion
Woodgate Financial Inc., Assante Financial Management Ltd., are among Focal's customers
Plus, a new TD partnership, and Toronto fintech becomes dark pool partner
Plus, Wellington-Alus Private Counsel and Ninepoint Partners add new talent
Also, moves at Mackenzie Investments, Edward Jones Canada and the CSA
Plus, moves at BMO Private Wealth, Fiera Capital and CIBC GAM
Mutual fund, ETF AUM rose for the seventh consecutive month
Plus, other product launches and news, including more ESG fund terminations
More than 300 new products landed in 2025 — a new record