Industry moves this week
Top-level shifts were announced at several major firms, including National Bank Financial, iA Financial Group and RBC Insurance
Top stories
Retirement the key challenge to economy’s future
Policy-makers must foster workforce participation, skills match
Federal government posts $3.6 billion deficit between April and November
Rate hikes, inflation drive public debt charge up 36.8%
Court finds murdered man’s life policy was valid, again
Desjardins' appeal rejected as insurer failed to prove fraud on life application
- By: James Langton
Active management still the money maker
Pricier active funds to produce bulk of revenues, even as asset share erodes, ISS reports
- By: James Langton
U.S. inflation and consumer spending cooled in December
Prices up 5% year over year, consumer spending down 0.2% from November
As BoC takes pause from hiking rates, attention turns to labour market
Economists expect unemployment to rise as businesses and consumers curb spending
Financial sector downgrades outpace upgrades: Fitch
Macro slowdown and emerging-market sovereign downgrades loom over ratings
- By: James Langton
62 fundcos receive FundGrade A+ awards for 2022
Three fund managers were lauded for the first time since the awards began
- By: IE Staff
CRA reminds taxpayers to include Covid benefits in income
T4A errors should be reported right away
- By: IE Staff
National Bank’s head of wealth management to retire
Denis Girouard will step in for Martin Gagnon until a successor is named
- By: IE Staff
Discount brokers can’t be sued over pre-ban trailers, court rules
Ontario court rules that discount brokers' receipt of trailing commissions was not considered illegal before the June 2022 ban
- By: James Langton
Job vacancies declining from record high: StatsCan
Openings were lower in November, and payroll employment was flat
- By: James Langton
Bank of Canada raises interest rates, says it will take a “conditional” pause
Wage-price spiral risk down, inflation forecast to fall to 2% by 2024
Reducing regulatory burden: An ongoing priority
Regulatory efficiency saves costs and ultimately benefits investors
- By: Paul Bourque
Savings stockpile proves resilient: RBC
Pandemic-era deposits intact, likely to persist amid diminished confidence
- By: James Langton
RESP privacy breach class action runs aground
A court dismissed the proposed suit involving hospital workers selling new mothers' contact information to RESP dealer reps
- By: James Langton
ETF usage plateaus among brokerage advisors
Mutual fund usage among dealer advisors remains high, but fell between 2021 and 2022
Advisors need to help clients find purpose in retirement
Promoting personal interests can persuade clients to commit to a retirement plan, says CEO of career transition organization
- By: Daniel Calabretta
- September 9, 2022 September 9, 2022
- 11:04
Advisors must improve how they work with wealthy families
False assumptions and biases limit advisors’ ability to serve the wealthiest clients, suggests a family office consultant
- By: Rudy Mezzetta
- August 10, 2022 August 11, 2022
- 11:59
How to stay the course in tough markets
Diversification, planning and time are an advisor’s best friends when volatility strikes
- By: Allan Janssen
- June 21, 2022 June 17, 2022
- 09:00
