Latest news in Industry News

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Christine Van Cauwenberghe named head of financial planning at IG Wealth

She will oversee wealth, advisor training and financial specialist teams within this new division

Gavel

IIROC bans, fines former advisor $1 million

The ex-representative embezzled funds from elderly clients

audit-paperwork

FSRA consults on living wills for credit unions

Consolidation may make it tougher for troubled firms to find merger partners

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Toronto Finance International president to step down

TFI is seeking a new CEO to replace Jennifer Reynolds, who has a month left on the job

  • By: Staff
  • January 5, 2022 January 5, 2022
  • 17:27
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Canaccord settles IIROC client overcharging case

The firm agreed to a $157,500 fine and will repay 6,000 affected clients

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New CEO for Fiera Capital

Fiera Capital founder Jean-Guy Desjardins will become executive chairman while Jean-Philippe Lemay will become CEO

  • By: Staff
  • January 5, 2022 January 5, 2022
  • 15:28
Commodity indices

OSC now has two executive directors

Randhawa to oversee innovation, modernization and outreach in new role

Toronto skyline in financial district

Big Six go from strength to strength: Fitch

Capital markets, economic recovery seen powering banks' growth in 2022

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Global fund sector leverage modest: IOSCO

New supervisory data sanguine about leverage, liquidity conditions

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2021 a banner year for investment banking

Strong equity, M&A markets drove bankers' fees to record highs

Stack of cryptocurrencies in a circle on the motherboard

Federal documents hint at sweeping economic impact from central bank ‘digital loonie’

The Finance Department has looked at legislation linked to a central bank digital currency

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Europe’s shared notes and coins turn 20 at New Year’s

Work remains to reinforce the shared currency, finance ministers say

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Head of BMO Private Wealth to retire

Andrew Auerbach will depart in the coming months after more than two decades with the firm

  • By: Staff
  • December 30, 2021 December 30, 2021
  • 12:18
Canadian tax form

CPP premiums are getting a bigger bump than planned

The reason lies with the pandemic's unique impacts on the labour market

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Banks offer big climate commitments in 2021, but key details are yet to come

Canada's big banks are still major funders of the fossil fuel industry. It remains to be seen how quickly they are prepared to move toward…

Hedge maze

Hedge fund industry foresees asset growth in 2022

Investors will look to alternatives in a challenging market environment

  • By: Staff
  • December 23, 2021 December 23, 2021
  • 13:52
Lawyer writing in legal book

FSRA outlines framework to improve complaints resolution

The Ontario regulator is reviewing how well complaints are addressed

  • By: Staff
  • December 23, 2021 December 23, 2021
  • 12:03
Solution

MFDA withdraws discretionary trading, titles proposals

The MFDA's board approved both withdrawals at its meeting on Dec. 1.

gavel

Court approves requests in Bridging case

Deadline for sale process extended to Feb. 28

  • By: Staff
  • December 23, 2021 December 23, 2021
  • 09:23
Hands Giving & Receiving Money

Canaccord expanding U.S. capital markets business with Sawaya buy

Canaccord's U.S. capital markets business has been expanding since 2019 and is a "growing" revenue contributor

  • By: Staff
  • December 21, 2021 December 21, 2021
  • 14:56
File

Rep fined almost $1M for misappropriating client funds

The MFDA also issued a permanent ban to the former branch manager in Alberta

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FSRA publishes final proposal on unfair, deceptive acts in insurance

The new rule will come into force following ministerial approval

  • By: Staff
  • December 21, 2021 December 21, 2021
  • 14:13
Sir Oliver Mowat statue at the Ontario Legislative Building in Toronto

Ontario should hit pause on new CMA: C.D. Howe

Proposed legislation doesn't keep up with a changing securities landscape, the think tank argues

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BMO to buy BNP Paribas’ Bank of the West for US$16.3 billion

The purchase will be funded primarily with existing capital

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Top Advisor to Go podcasts from 2021

A look back at how markets and the economy moved, and how experts responded

  • By: Staff
  • December 20, 2021 December 20, 2021
  • 12:50