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Tuesday June 01, 2021
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Industry News
Title protection in Ontario on track for 2022
The regulator maintains the LLQP likely won't meet the standard for "financial advisor"
June 1, 2021
Industry News
Canadian banks to focus on growth, spending and buybacks after strong second quarter
Government relief diminished the need for banks’ massive loan loss reserves
June 1, 2021
Industry News
MFDA reports fewer prohibitions, monetary penalties in 2020
The regulator handed out $3.4 million in fines last year, down from $9.3 million in 2019
June 1, 2021
Purpose looks to fill retirement income gap with longevity fund
Products
Purpose looks to fill retirement income gap with longevity fund
The fund has characteristics of an annuity or pension, with monthly lifetime distributions when investors turn 65
June 1, 2021
Industry News
Scotiabank reports $2.5B second quarter profit, beats expectations
The bank’s loan loss provisions fell to $496 million compared with $1.85 billion a year ago
June 1, 2021
Industry News
BMO InvestorLine launches commission-free trading for ETFs
Eligible clients can choose from more than 80 ETFs from BMO, iShares and Vanguard
June 1, 2021
Industry News
Economy grew at 5.6% annual rate in first quarter of year, Statistics Canada says
The boost was aided by the loosening of public health restrictions
June 1, 2021
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