Latest news in Industry News

BFI investors plead for firm’s sale

An investor group is asking the OSC and PwC to sell BFI and the firm's funds

magnifier and graph, basic tools of technical analysis on the stock market.

Sovereign defaults hit record level in 2020: Fitch

Downgrade pressure has eased, but default risk remains

MFDA seeks to speed up account transfers

The SRO has warned firms against using delay tactics when a client decides to move on

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Study: Racial diversity stagnated on U.S. corporate boards

More than 80% of directors among Fortune 500 company boards are white, according to the Board Diversity Census

Bitcoin exchange to dollar rate on monitor display on July 2017 in NYC

OSC steps up crypto enforcement

Two more foreign firms were charged with running an unregistered trading platform

Business people working in a conference room

OSC seeks market structure expertise

Applications to join an advisory committee on market issues are due July 7

  • By: Staff
  • June 7, 2021 June 7, 2021
  • 13:39
Business and financial district in a city with pillars

High debt levels threaten banks’ strong results: Fitch

Buildup in debt poses a long-term risk to banks' operating environment

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Providing funding and inspiration for Black entrepreneurs

A new VC fund aims to raise $10 million for Black entrepreneurs in the tech space

loudspeaker

PenderFund names new SVP for investments

Geoff Scott joined the Vancouver-based firm last month

  • By: Staff
  • June 7, 2021 June 7, 2021
  • 11:51
Oil drilling rig, tanghai county of hebei province oil fields in China

Morgan Stanley shutters Calgary office: report

The investment banking office closes amid declining interest in the oil sector

  • By: Staff
  • June 7, 2021 June 7, 2021
  • 11:49
court gavel regulatory

IIROC sanctions rep over undisclosed real estate dealings

Rep fined $75,000, suspended for six months in settlement with regulators

scales of justice

Court dismisses suit against BCSC

A company sought to sue the regulator, alleging an investigation was conducted in bad faith

Stacking cubes

Advisor value increased more than 1% in 2020, study says

In a volatile year, behavioural coaching was crucial

Multinational group of cheerful students studying in the university library

University of Waterloo will teach sustainable financial management

A program launching in 2022 will combine expertise from the university's finance and environment faculties

  • By: Staff
  • June 4, 2021 June 4, 2021
  • 11:06

IG Wealth amends product shelf

The fund company has finalized the merger and renaming of certain funds.

  • By: Staff
  • June 4, 2021 June 4, 2021
  • 11:01
Macro close-up of Federal Reserve logo on USA Federal Reserve Note

Fed plays limited role in assessing climate risks for banks

The central bank can help assess risks, but Fed chair Jerome Powell said the private sector, elected officials must take the lead

Megaphone

CETFA elects new board leader

Michael Cooke of Mackenzie Investments is succeeding Steve Hawkins

  • By: Staff
  • June 4, 2021 June 4, 2021
  • 10:45
scales of justice

Ex-fund rep sanctioned over dealings with dad

An advisor was permanently banned after engaging in personal financial dealings with a client

red emergency button

The risk of a sudden, severe correction remains: ESMA

Valuations are back above pre-pandemic levels in most segments, despite economic turmoil, meaning markets remain at risk

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CI GAM announces portfolio manager appointments

Each manager comes from the firm’s integrated in-house investment boutiques

  • By: Staff
  • June 3, 2021 June 3, 2021
  • 12:49

IPC names new president and CEO

Former leader Chris Reynolds will transition to a new executive chair role on July 1

  • By: Staff
  • June 3, 2021 June 3, 2021
  • 12:35

OSC finalizes DSC ban

The regulator has adopted rule changes to end DSCs by June 2022

loudspeaker

Manulife exec to chair CLHIA

Michael Doughty has been elected to the position

  • By: Staff
  • June 3, 2021 June 3, 2021
  • 12:10
Financial graphs analysis

Canaccord reports record revenues, drops proposal to acquire RF Capital

The firm said it will continue to focus on recruitment and organic growth

  • By: Staff
  • June 2, 2021 June 3, 2021
  • 15:45
Gas flaring. Torch against the sky.

Global insurers’ focus on ESG will impact energy sector: report

New research from DBRS Morningstar highlights how growing ESG interest is playing out in the insurance space