Banks facing calls to address racial barriers
Programs aim to root out bias from customer service, but more work is needed
Latest news in Industry News
Wealthsimple Digital expands crypto lineup
An OSC decision has allowed the platform to add Dogecoin and other cryptocurrencies
- By: James Langton
- June 22, 2021 June 22, 2021
- 16:22
The hottest seller at GameStop is its own stock
The “meme stock” darling raised more than $1 billion in its latest stock sale
- By: Michelle Chapman, The Associated Press
- June 22, 2021 June 22, 2021
- 15:33
OSC charges CannTrust directors, ex-CEO
The allegations stem from illegal cannabis production that was discovered in 2019
- By: James Langton
- June 22, 2021 June 22, 2021
- 13:29
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
- By: Christopher Reynolds
- June 22, 2021 June 22, 2021
- 09:26
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
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
- By: Greg Dalgetty
- June 22, 2021 June 22, 2021
- 08:30
OSFI consults on revisions to insurers’ capital rules
Revisions to accommodate a new accounting standard are due in 2023
- By: James Langton
- June 21, 2021 June 21, 2021
- 16:14
OSC takes action against British Virgin Islands cryptocurrency company Bybit
The regulator ordered cryptoasset businesses to explain how their operations meet provincial securities standards
- By: The Canadian Press
- June 21, 2021 June 21, 2021
- 15:35
MFDA, IIROC consult on CFR suitability guidance
The proposals are out for a 60-day comment period
- By: James Langton
- June 21, 2021 June 21, 2021
- 13:33
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
- By: James Langton
- June 18, 2021 June 18, 2021
- 17:11
Bank buffer boost a sign of belief: DBRS
OSFI's decision to rebuild capital shows faith in banks' strength and the economic recovery
- By: James Langton
- June 18, 2021 June 18, 2021
- 12:27
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
- By: Michelle Schriver
- June 17, 2021 June 17, 2021
- 17:25
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
- By: James Langton
- June 17, 2021 June 17, 2021
- 15:27
CBOE seeks to boost Canadian block trading
The exchange aims to grow block liquidity with a new offering in 2022
- By: James Langton
- June 17, 2021 June 17, 2021
- 12:39
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
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
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%
- By: The Canadian Press
- June 17, 2021 June 17, 2021
- 10:04
OSC seeks new commissioners
The commissioner job is set to change with a planned tribunal spinoff
- By: James Langton
- June 16, 2021 June 16, 2021
- 17:41
Regulators look to industry to protect seniors
Financial industry can be the first line of defence against exploitation of vulnerable investors
- By: James Langton
- June 16, 2021 June 16, 2021
- 16:44