Latest news in Industry News

Two golden coins - Bitcoin and Ethereum

Crypto a threat to financial, economic stability

FSB and IMF call for comprehensive regulation of crypto sector

Judge makes ruling

OSC seeks cease trade in forex fraud case

Regulators allege the scheme took over US$300 million from investors


Former FTX crypto executive pleads guilty to making millions in illegal U.S. campaign contributions

Exec is the fourth high-ranking official at the company or its affiliates to plead guilty to criminal charges

Climate change board

ECB favours faster path to net zero

Higher upfront cost reduces long-term risks for economy, banks

Blackboard conflict

U.S. brokers need work on best interest compliance

Firms make token effort to raise standards, cling to suitability, NASAA finds


Manulife veteran to lead iA Clarington Investments

Plus, new leadership at Women in Capital Markets and a new executive at Horizons

  • By: Katie Keir
  • September 5, 2023 September 5, 2023
  • 09:00

CRA extends deadlines for taxpayers affected by wildfires

Relief of penalties and interest may also be available to affected people and businesses

  • By: Staff
  • September 1, 2023 September 1, 2023
  • 10:00
Business and financial district in a city with pillars

RBC’s takeover of HSBC Canada approved by Competition Bureau

Nonetheless, the bureau found evidence of several instances when HSBC Canada’s lineup had influenced RBC’s offerings

Checking monthly activities and appointments at the office

Regulators extend exemptions for discount brokers to comply with trailer ban

The exemptions were previously slated to end on Nov. 30

Toronto skyline in financial district

CIBC profits down on higher loan loss provisions after revised economic outlook

Full-time employee equivalent count was down 1,709 from Q4 of 2022

Business and financial district in a city with pillars

National Bank Q3 profit edges higher, provision for credit losses also up

Revenues in wealth management increased 6% year over year

microphones sitting on table

Industry moves this week

Alongside Kevin Gopaul's recent exit from BMO GAM are advisor and senior-level moves

  • By: Katie Keir
  • August 30, 2023 August 30, 2023
  • 11:52
Shot of two businessmen shaking hands in an office

Conquest partners with CapIntel

Deal brings Conquest software to CapIntel platform

  • By: Staff
  • August 30, 2023 August 29, 2023
  • 09:01
Business and financial district in a city with pillars

Scotiabank loan growth slows on cautious approach, deposit focus

The bank's wealth management profits declined from the previous quarter


BMO earnings hit by severance, legal costs as it focuses on containing expenses

Costs related to layoffs totalled $223 million, though the bank didn't disclose the number of employees let go

Data Processing as System and Business Informatics

Survey reveals age divide in use of AI for finances

Many who remain skeptical may be using the technology already

wild fires burn grasslands

Canadian banks face squeeze between climate expectations, market pressures

Activists say banks aren't delivering on efforts against climate change


BCSC sanctions sales-rule violations

Former firm provided reps with improper incentives, regulator alleged

Toronto skyline in financial district

RBC reports $3.9B profit, says ramping up job cuts ahead of economic slowdown

The warning about cuts follows the bank's trimming of 1% of full-time equivalent employees in Q3

calculating numbers for income tax return with glasses pen and calculator

TD Bank Group discloses U.S. regulatory inquiry into compliance practices

The bank also reported lower profits and rolled out an expanded share buyback program

Water drop making a ripple on the surface

Advocis addresses liquidity after poor 2022 results

The association extended its line of credit, got a loan and tapped into its $5.5-million reserve fund

Map of BRICS countries

BRICS leaders locked in discussions over expansion of their economic bloc

All five leaders are said to back the principle of letting in new members, but decision still uncertain


NFT insider trader catches jail term

Former OpenSea product manager sanctioned for scheme

Magnifying glass on document

U.S. reaches deal on broker’s shady trading

Nomura Securities agrees to trading misconduct penalties in non-prosecution agreement

Wooden gavel used by a judge or auctioneer

Ontario seeks to expand OSC sanctions spending

Proposal would allow enforcement money to be used for IT projects and new innovation office