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IMF upgrades U.S. forecast, downgrades outlook for global economy

Projections include 2.6% growth in U.S., 1.5% growth in Canada

Business man looking at big bright opened door concept

CEO of TD Ameritrade to step down in 2020

Tim Hockey did not explain his decision to leave

Brexit Uk and Euro flag rift

Prospect of ‘no deal’ Brexit rises as Johnson confirmed as PM

Economists predict a recession if the U.K. leaves the EU without a deal in place

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CI Investments changes subadvisor on funds

Certain funds also have a new lead PM, while risk ratings of others have been changed

  • By: Staff
  • July 22, 2019 July 22, 2019
  • 12:27
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Mackenzie shakes up portfolio management for 26 funds

Nelson Arruda takes over portfolios managed by the departing Alain Bergeron

  • By: Staff
  • July 22, 2019 July 22, 2019
  • 10:44
Conceptual image of micro circuit Security concept

Equifax to pay up to $700M in data breach settlement

Settlement includes up to $425M in monetary relief to customers

Lawyer

Genus Capital Management to pay back $1.67 million to clients in settlement with BCSC

The violation involved using 'soft dollars' to develop in-house software

Man writing on a blackboard

MFDA proposes changes to CE accreditation process

Regulator may outsource task of accrediting CE activity to third-party firms

  • By: Staff
  • July 19, 2019 July 19, 2019
  • 16:48

Alain Bergeron named EVP, CIO at iA Financial Group

He replaces Michel Tremblay, who retired at the end of May

  • By: Staff
  • July 19, 2019 July 19, 2019
  • 15:59
Business man making a presentation at office. Business executive delivering a presentation to his colleagues during meeting or in-house business training, explaining business plans to his employees.

FSRA seeks members for pension advisory committees

The committees will advise Ontario's new financial services regulator on three pension-related areas

  • By: Staff
  • July 19, 2019 July 19, 2019
  • 15:45
Gavel

Caldwell Investment Management to pay $1.8 million for best execution violations

The OSC found the firm directed client trades through an affiliated dealer when better terms were available elsewhere

gavel

Court rules in favour of former Manulife employee

Senior customer relationship manager announced plans to retire, then decided to stay with the company

  • By: Staff
  • July 19, 2019 July 19, 2019
  • 14:14
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Scotiabank closes first green bond offering

The bank sold US$500 million of 3.5-year bail-in notes

  • By: Staff
  • July 19, 2019 July 19, 2019
  • 11:20
Family plays

Mortgage stress test is now less stressful

The Bank of Canada has lowered its qualifying rate by 20 basis points

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OSFI proposes revisions to banks’ liquidity, capital rules

Regulator plans to implement revisions by Jan. 1, 2020

  • By: Staff
  • July 18, 2019 July 18, 2019
  • 17:31
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Boomers worried they aren’t saving enough: survey

Also, a separate survey finds that female investors in Alberta lack confidence

  • By: Staff
  • July 18, 2019 July 18, 2019
  • 15:09
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Seniors unhappy with mutual funds, disclosure docs: report

Seniors make up 30% of the population, but account for 38% of the complaints made to OBSI

  • By: Staff
  • July 18, 2019 July 18, 2019
  • 13:16
Trouble ahead, Businessman with umbrella standing in front of stormy clouds

Sun Life lowers risk ratings for six funds

The changes are effective immediately

  • By: Staff
  • July 18, 2019 July 18, 2019
  • 12:10
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TD announces fund mergers, other changes

Three balanced funds will merge into others near the end of October

  • By: Staff
  • July 18, 2019 July 18, 2019
  • 11:37
Gavel

Police arrest second man in alleged Ponzi scheme

Investors were allegedly defrauded of almost $1 million

  • By: Staff
  • July 17, 2019 July 17, 2019
  • 16:28
Securities trending down

TSX to offer dark trading promo

Trades incorporating a speed bump will also be free

  • By: Staff
  • July 17, 2019 July 17, 2019
  • 13:44
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John De Goey to chair FP Canada Research Foundation

The research body also announced other changes to its board

  • By: Staff
  • July 17, 2019 July 17, 2019
  • 12:39

AGF files prospectuses for 3 alternative funds

The funds use market neutral and long/short strategies

  • By: Staff
  • July 17, 2019 July 17, 2019
  • 11:19
Tree Flat icon set

Interest in ESG expected to grow among hedge fund investors

Companies increasingly judged on more than just profits, Cerulli says

  • By: Staff
  • July 17, 2019 July 17, 2019
  • 10:30
Background of Canadian money: 5,10,20,50,100 dollar bills and coins, loonie, toonie, quarter, dime, nickel, penny

BoC to take over CORRA administration

Central bank to implement enhanced methodology in Q2 2020