Latest news in Industry News

calculating numbers for income tax return with glasses pen and calculator

Mutual fund sales recorded strong October sales: IFIC

They outshone ETFs for the month, according to recent data

Ontario Queen's Park Legislative Building

Ontario moves to close insurance side-account loophole

Budget proposal linked to legal dispute between hedge fund investor and Canadian insurers

Wooden gavel used by a judge or auctioneer

ASC issues permanent ban over ‘particularly odious’ conduct

The man had already been sentenced to six years in prison after pleading guilty to 22 counts of fraud

stack of documents or files, overload of paperwork on black background

MFDA lays out CFR proposals

The SRO has proposed rule changes in an effort to conform to CSA reforms

Goodbye to the $25 bill

Certain bank notes, including $25 bill, will no longer be legal tender in 2021

File

More controls needed to prevent insider trading, tipping, says IIROC

Protecting material non-public information is paramount when staff work remotely

Portrait of a male student reading book in classroom

Parents struggle to save for children’s education

A recent survey finds pandemic has had a negative impact on education savings

  • By: Staff
  • November 19, 2020 November 19, 2020
  • 12:47
Megaphone

New structured fund from Purpose Investments

Fund company adds to its structured product suite

  • By: Staff
  • November 19, 2020 November 19, 2020
  • 11:18
Canada Pension Plan CPP written on a sheet on an office table

Government should halt CPP premium increase, says CFIB

Premiums are set to increase on Jan. 1 2021.

young businesswoman moving box with office supplies

Women leaving workforce faster than men

Childcare playing big role in exodus, says RBC study

Securities trending up

Pandemic may spark reforms to boost fund liquidity: Fitch

The struggles experienced by some money market funds could spur regulators to take action

loudspeaker

IIROC publishes proposed CFR rules

Proposals modify IIROC's rules to adhere to upcoming regulatory reforms

Young plant

More firms disclosing climate-related risks, strategies: report

Canada's big banks and pension funds are leading the charge in TCFD reporting, finds a new paper

  • By: Katie Keir
  • November 18, 2020 November 18, 2020
  • 11:50
Small white piggy bank sitting on a layer of Canadian twenties bills with a dollar coin (loonie) dropping inside.

Pension funds’ Q1 losses erased in Q2: StatsCan

The agency reports that pension assets have rebounded to pre-crisis levels

Lawyer

Suspended fund rep faces OSC insider trading allegation

Regulator claims rep traded, tipped inside info about cannabis company's plans

Image of dark night with lightning above stormy sea

Financial system must become resilient to climate change: Macklem

Risks linked to earnings or asset evaluations can be mispriced in the context of environmental change, BoC governor says

Abstract - world connect

Canadian investors increase foreign buying in September

The economy had a $6.7-billion net investment outflow in the month

Gavel

U.S. SRO proposes crackdown on repeat offenders

FINRA suggests a new penalty for firms with a history of misconduct

Silver referee whistle

OSC awards trio of whistleblowers

"Highly specific" information led to successful enforcement, director says

Canadians increasingly say they can’t withstand a financial shock

However, high-income households have contributed to a surging savings rate

  • By: Staff
  • November 17, 2020 November 17, 2020
  • 12:04
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

Assets in DSC funds continue to drop in favour of fee-based accounts

The DSC prohibition has led to a decreasing number of advisors licensed with financial advisory firms

Close up business man signing contract making a deal, classic business

Nicola Wealth acquires Blackwood Partners

The deal allows Nicola to offer new real estate investments to HNW clients

  • By: Staff
  • November 16, 2020 November 16, 2020
  • 14:32
Man writing on a blackboard

Former finance minister Bill Morneau takes fellowship at Yale

He is also running to be secretary-general of the OECD

Women’s Rights

BoC, OSFI launch project in face of ‘accelerating’ climate risks

The pilot will use climate change scenarios to assess risks

  • By: Staff
  • November 16, 2020 November 16, 2020
  • 13:53
Checking monthly activities and appointments at the office

OSC lists final DSC rule, task force recommendations as 2021 priorties

The regulator is also trying “to remove barriers to inclusion"