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Banks facing calls to address racial barriers

Programs aim to root out bias from customer service, but more work is needed

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Wealthsimple Digital expands crypto lineup

An OSC decision has allowed the platform to add Dogecoin and other cryptocurrencies

Securities and Exchange trending up

The hottest seller at GameStop is its own stock

The “meme stock” darling raised more than $1 billion in its latest stock sale

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OSC charges CannTrust directors, ex-CEO

The allegations stem from illegal cannabis production that was discovered in 2019

tax owing

CRA audits of ultra-wealthy Canadians yield zero prosecutions

The absence of criminal charges against high-net-worth residents comes in an era of rising wealth inequality

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Money the biggest source of stress for Canadians: FP Canada

More than half of respondents to a national survey said they’ve lost sleep over money

  • By: Staff
  • June 22, 2021 June 18, 2021
  • 08:40
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Regulators handed out fewer fines last year, but returned more money to investors

Securities regulators ordered more than $42 million in restitution, compensation and disgorgement

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OSFI consults on revisions to insurers’ capital rules

Revisions to accommodate a new accounting standard are due in 2023

Bitcoin, Litecoin and Ethereum

OSC takes action against British Virgin Islands cryptocurrency company Bybit

The regulator ordered cryptoasset businesses to explain how their operations meet provincial securities standards

Advisor meeting with clients

MFDA, IIROC consult on CFR suitability guidance

The proposals are out for a 60-day comment period

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Investing trumps politics, religion as a taboo topic: survey

English speakers are more likely to avoid conversations about investing than French speakers, according to a national poll

  • By: Staff
  • June 21, 2021 June 21, 2021
  • 12:44

Richardson Wealth strikes deal with Envestnet to provide UMA platform

The brokerage's investment in technology is a key part of its new growth strategy

  • By: Staff
  • June 21, 2021 June 21, 2021
  • 11:33

Court approves $100-million BMO class action settlement over FX fees

The legal team gets $20 million, and a former advisor turned plaintiff was awarded $50,000

Bank buffer boost a sign of belief: DBRS

OSFI's decision to rebuild capital shows faith in banks' strength and the economic recovery

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Franklin Templeton announces launch of several new funds

The firm has also lowered fees and changed the investment objectives of existing funds

  • By: Staff
  • June 18, 2021 June 18, 2021
  • 11:49

Arrow Capital announces fund merger

The planned fund merger will take place on June 25

  • By: Staff
  • June 18, 2021 June 18, 2021
  • 10:15

AMF enforcement leads to $5.5M in fines, increased investor reimbursement

The Quebec regulator achieved its objectives despite the pandemic

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ETF sales trail mutual funds in May

According to IFIC, mutual funds had net sales of $8.4 billion, while ETFs had $7.6 billion

  • By: Staff
  • June 17, 2021 June 17, 2021
  • 15:44

BCSC settles with Crystal Wealth fund manager

Rep violated suitability obligations by investing clients in funds with risky holdings

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CBOE seeks to boost Canadian block trading

The exchange aims to grow block liquidity with a new offering in 2022

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Many investors stayed the course during Covid-19 volatility

More than six in 10 Canadians surveyed maintained their investment strategies

  • By: Staff
  • June 17, 2021 June 17, 2021
  • 11:41
Background of Canadian money: 5,10,20,50,100 dollar bills and coins, loonie, toonie, quarter, dime, nickel, penny

Most people who saved more last year saved nothing for retirement

Household savings may be up, but retirement savings are down, a survey suggests

  • By: Staff
  • June 17, 2021 June 17, 2021
  • 11:30
Business and financial district in a city with pillars

OSFI to raise domestic stability buffer for big banks

The amount of capital the banks must hold to cover unexpected losses will rise to 2.5%

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OSC seeks new commissioners

The commissioner job is set to change with a planned tribunal spinoff

Senior couple doing the income tax declaration online

Regulators look to industry to protect seniors

Financial industry can be the first line of defence against exploitation of vulnerable investors