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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

ALVAREZ / ISTOCKPHOTO

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

ALVAREZ / ISTOCKPHOTO

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

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PACE suspended by IIROC

Dealer firm consents to suspension by industry SRO

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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

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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
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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