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Nearly one quarter of OSC’s burden-reduction projects delayed

The regulator offered an update on its efforts on Wednesday

Mackenzie U.S. mid-cap fund now available to investors

The names of two other funds have been changed

  • By: Staff
  • May 27, 2020 May 27, 2020
  • 10:44
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PBO pegs cost of rent aid for landlords, businesses at $520 million

The unprecedented nature of the program makes it hard to estimate the cost

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Profit plunges for RBC in Q2

The bank’s loan loss provisions grew by $2.4 billion in the quarter

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BMO’s Q2 profits slump as loan loss provisions top $1 billion

The bank still reported a profit of $1.00 per share for the quarter

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Net income down 33% for National Bank in Q2

Despite the plunge, the bank beat analysts’ expectations

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HSBC launches AI-based index

New U.S. equity index uses "big data" in stock selection


CI invests in fourth U.S. RIA

Asset manager also launches three private pools

  • By: Staff
  • May 26, 2020 May 26, 2020
  • 13:08
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Slate Asset Management to fund real estate companies hurt by pandemic

The $500-million fund will provide capital to struggling firms

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Three tech firms to launch new tool for advisors

Envestnet, AdvisorStream and Apprise Labs have created a new data-driven app

  • By: Staff
  • May 26, 2020 May 26, 2020
  • 11:48
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CPPIB posts 3.1% return for year ended March 31

Net assets were $409.6 billion, up from $392 billion at the end of the previous fiscal year

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BMO to discontinue DSC funds later this year

The firm will no longer offer the low-load DSC purchase option across its mutual fund lineup around Nov. 1

  • By: Staff
  • May 25, 2020 May 25, 2020
  • 15:11
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Police allege scheme left investors twice duped

Two men have been charged for their role in an alleged scheme that targeted victims of investment fraud


CBOE’s acquisition of Canadian dark pool a positive, Moody’s says

The deal is expected to boost CBOE’s footprint in Canada, trading offerings

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Invesco closing four mutual funds

Purpose Investments is also terminating a product

  • By: Staff
  • May 22, 2020 May 22, 2020
  • 15:38
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Pandemic accelerating shift to low-fee funds, report says

Fitch Ratings says Canadian banks’ wealth management businesses will face pressure

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Mutual fund and ETF assets increased in April

But net sales were stronger for mutual funds, IFIC data shows


PACE suspended by IIROC

Dealer firm consents to suspension by industry SRO


Rep banned for forging passing grade for failed course

The Surrey man had failed a proficiency course three times

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Clients facing hardship should turn to dealers, advisors: CSA

The regulator said investors under financial pressure could ask dealers to waive fees, such as DSCs


iA names new wealth-management executive

Sean O’Brien replaces Carl Mustos as executive vice president

  • By: Staff
  • May 21, 2020 May 21, 2020
  • 11:27

CI acquires 100% of WealthBar, announces plans for CI Direct Investing

The new platform will offer DIY investing and wealth management services  

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CSA extends filing deadlines for issuers

The CSA first issued filing relief in March

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FTSE Russell launches index for Canadian mortgage-backed securities

BMO Asset Management has licensed the index for a new ETF

  • By: Staff
  • May 20, 2020 May 20, 2020
  • 14:15
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Canadian insurers issue billions in bonds

Insurers have already tripled the amount in bonds and preferred shares they issued last year