Home News Industry News

Latest news in Industry News

Canadian money

There’s $149 million in B.C.’s lost and found

A non-profit agency has reported a surge in people seeking unclaimed assets

Close up business man signing contract making a deal, classic business

Cidel Asset Management to acquire fixed income manager

Lorica Investment Counsel is a specialty bond manager focused on the Canadian market

  • By: Staff
  • May 10, 2021 May 10, 2021
  • 15:27
ESG investing

Amid concerns about greenwashing, regulators push for global sustainability standards

IOSCO sees support for mandatory global green reporting

Securities and Exchange trending up

RF Capital reports net loss, record AUA in first full quarter after consolidation

The firm will unveil a new growth strategy later this month

ALVAREZ / ISTOCKPHOTO

CI acquires US$5.1B San Diego-based RIA

The deal for Dowling & Yahnke is CI Financial's second-largest RIA acquisition to date

Gavel

OSC seeks to extend cease trade in BFI case

The regulator has asked for extension to Aug. 12 while its investigation continues

A calculator and pen on financial papers

IGM Financial reports record-high Q1 earnings

AUM and AUA were also up, for the quarter and compared with March 2020

  • By: Staff
  • May 7, 2021 May 7, 2021
  • 15:32
Toronto skyline in financial district

Ontario joins DSC ban

The province changed its position based on “overwhelming” support for a harmonized ban

Close up of a finance graph on an office desk UP

GWL reports ‘solid’ Q1 earnings

Also, GWL subsidiary Canada Life describes its new distribution platform for advisors

Forest of tall white aspen trees in Banff National park, Canada

Green disclosures likely to shift banks’ lending and investing: Fitch

Banks may face funding pressure due to new green asset disclosure documents

Financial stock market graph on technology abstract background

BoC put 2009 crisis lessons to work during the pandemic

Quantitative easing and collateral flexibility helped avert payments system stress last year

Recession of stock market

Fiera reports $23-million profit in first quarter

The firm was managing $172.9 billion in assets on March 31

  • By: Staff
  • May 7, 2021 May 7, 2021
  • 13:00
Executives are discussing the financial results of the Company for the marketing plan.

What KYP reforms mean for advisors

Experts at an InvestorCOM webinar discussed how firms are preparing for the client-focused reforms

File

IAP faces a long list of investor issues in 2021

The OSC advisory group will focus on SRO reform, among other issues, in the coming year

11119737 - in the spotlight featuring concept for the theater stage with glowing lights on red velvet cinema curtain and drapes representing the entertainment communications concept of an important announcement in a rich cinema and theatrical environment.

Desjardins appoints new chief economist

Jimmy Jean succeeds François Dupuis, who is retiring after more than 30 years with Desjardins

  • By: Staff
  • May 6, 2021 May 6, 2021
  • 14:16
Moving boxes in new house. Real estate concept.

Covid-19 immunity will moderate pace of home prices by 2023: CMHC

Home prices could increase by 14% by the end of the year, said the federal agency

hand pulling financial business graph to high growth rate

iA Financial sees strong profit growth in Q1

The firm saw record gross sales of seg funds and mutual funds in the quarter

  • By: Staff
  • May 6, 2021 May 6, 2021
  • 13:25
young woman looking awkward

Canadian firms risk missing out on young investors: study

J.D. Power ranked wealth management firms based on investor satisfaction

  • By: Staff
  • May 6, 2021 May 6, 2021
  • 13:10
ALVAREZ / ISTOCKPHOTO

Borden Ladner Gervais acquires AUM Law

The deal will allow BLG to expand and automate its regulatory compliance services

  • By: Staff
  • May 6, 2021 May 6, 2021
  • 12:19
Businessmen on stone cubes jumping towards higher ones

Manulife Financial reports strong earnings for Q1

The company's earnings benefited from higher new business in Asia and the U.S. and core investment gains

calculating numbers for income tax return with glasses pen and calculator

Sun Life’s Q1 profit hits $937M

The insurer attributed its gain to favourable equity markets and interest rate changes

Megaphone

Pascal elected as CALU chair

The advanced life insurance industry veteran will lead the advocacy group board for 2021–22

  • By: Staff
  • May 5, 2021 May 5, 2021
  • 17:06
Flag of the European Community in front of the Eurotower in Frankfurt am Main

CC&L launch quant funds for European market

The funds focus on emerging markets and market neutral strategies

  • By: Staff
  • May 5, 2021 May 5, 2021
  • 15:20
Young business woman working at desk typing on a laptop in office and drinking coffee.

Canadians need education on ESG investing

A BMO GAM survey found knowledge gaps as well as interest in environmental, social and governance investing

Close up business man signing contract making a deal, classic business

Negotiation tips when buying or selling a book

A session at the IFB Spring Virtual Summit offered insights for advisors