Latest news in Industry News

New indexes track companies’ sustainability impact

The indexes are based on the UN's sustainable development goals

Joint venture acquires PI Financial

The brokerage's ownership transfers to H.I.G. Capital and RCM Capital Management

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Only 30% of Canadians feel safe returning to work: StatsCan

Plus, age and region seems to affect people's sentiment about precautionary measures

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Money is Canadians’ greatest source of stress: survey

Most respondents didn't work with advisors

Thief

Regulator warns of forex scams

Fraudsters are using social media to lure investors

  • By: Staff
  • July 8, 2020 July 8, 2020
  • 12:22
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IIROC extends authority to rule on exemption applications

A wide range of dealers have sought regulatory relief

Megaphone

Howard Atkinson becomes exec at Pascal Financial

Atkinson had joined the firm in March as an advisor

  • By: Staff
  • July 7, 2020 July 7, 2020
  • 15:01
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Large Canadian pensions will survive market turmoil: Fitch

The rating agency says large pensions are well positioned to survive the fallout of Covid-19

Multiethnic couple considering investment real estate purchase consulting realtor, interracial family listening attentively to mortgage broker thinking of getting bank loan for buying new home house

Home sales rebound in Toronto, prices up almost 12%

Barring any major setbacks, stronger market conditions should continue in the second half

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Investors need consistent, useful ESG disclosure: report

Morningstar says regulators have a role to play in standardizing data, terminology and disclosure

Megaphone

National Bank boosts investment in Nest Wealth

The bank will retain a minority stake in the fintech, which remains independent

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It’s been a good year for investment bankers

The investment banking biz has hit record heights amid unprecedented economic disruption

loudspeaker

Veteran exec leaves Wellington-Altus

Rob Djurfeldt has resigned less than a year after joining the firm

court gavel regulatory

Increase in settlements fills OSC coffers

A higher collection rate last year means more money for harmed investors, the regulator says

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Wealth, financial literacy drive RESP investments

StatsCan warns that Covid-19 may put low-income families at an even greater disadvantage

Gas flaring. Torch against the sky.

Proposed changes to natural gas ETFs from Horizons

Horizons has proposed amending the amount of leverage used in two natural gas ETFs

  • By: Staff
  • July 6, 2020 July 6, 2020
  • 14:13
banking expenses, credit cards on bank invoice

Visible minorities struggle with bills amid pandemic: StatsCan

New research finds visible minorities have been hit harder financially during the pandemic

The Saskatchewan Legistlative building in the background and a fountain on Wascana lake on a lovely summer day in Regina.

Saskatchewan passes legislation for title regulation

The next step is developing rules for who can use "financial planner" and "financial advisor"

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IIAC reveals 2020 Hall of Fame inductees

The organization is honouring five individuals

Individuality

Richardson GMP paying $500K over supervisory failures

A supervisor in the firm's Calgary office has also been sanctioned

Close up on a file tab with the word life insurance, focus on the main text and blur effect. Concept image for illustration of family protection policy

Canada’s life insurance industry to contract 4.2% this year

GlobalData research also forecasts a substantial drop for annuities

  • By: Staff
  • July 3, 2020 July 3, 2020
  • 12:52
Close up of mouse trap on old wooden table

BoC warns of fraudsters posing as employees

Pro tip: the Bank of Canada doesn't need your account number

scales of justice

Former rep denied registration for keeping DUI charge under wraps

Rep was acquitted of charge but failed to disclose it to the OSC twice

Communication network concept. Multiple exposure.

Great-West’s acquisition will boost digital offering: Moody’s

The firm is buying U.S. investment manager Personal Capital

Survey finds advisors feel optimistic about growing their businesses

Despite the pandemic, most respondents expect their books to grow over the next three years

  • By: Staff
  • July 2, 2020 July 2, 2020
  • 15:35