Latest news in Industry News


SEC extends climate disclosure consultation

Investors will have until June 17 to comment on proposed climate standards

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Executive moves this week

Across big banks and independent firms, many shifts are occurring

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IGM Financial reports strong Q1 earnings and inflows despite rocky markets

Mackenzie's investment fund sales declined

  • By: Staff
  • May 6, 2022 May 6, 2022
  • 14:09
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Numerous retail CBDCs on the horizon

Many central bank digital currencies are likely to be issued in the "medium" term, BIS reports

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Crypto not yet useful for skirting sanctions: Moody’s

Limited size and liquidity of crypto market hampers its utility for sanctions evasion

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Net earnings increase 9% in Q1 for Great-West Lifeco

The quarterly results reflect the insurer's medium-term goals, the CEO said

  • By: Staff
  • May 5, 2022 May 5, 2022
  • 14:53
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BoC reaching out to Indigenous groups on economic reconciliation

Barriers exist to accessing financial services, deputy governor says

Asian couple meeting financial adviser for investment planning.

Full-service firms fall short on holistic advice: J.D. Power

Plus, find out how your firm rated on overall investor satisfaction

  • By: Staff
  • May 5, 2022 May 5, 2022
  • 13:04
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New Carte Wealth president wants to take dealer to $50B

Maria Jose Flores was named the firm's president on May 3 and remains chief compliance officer

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More traditional finance professionals shifting to crypto as sector grows up

High-profile hires have helped to erode some of the stigma around the space


BMO Private Wealth names leadership duo

Meghan Meger and Geoff Newton will take over as co-heads of BMO Private Wealth in Canada next month

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SEC alleges motley insider trading scheme

A tech worker from Idaho has been accused of securities fraud for allegedly trading ahead of the release of stock recommendations from the Motley Fool…

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FSRA approves another credential for financial planner title

The Canadian Securities Institute is the latest approved credentialing body for Ontario financial planners

  • By: Staff
  • May 4, 2022 May 4, 2022
  • 12:04
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Canadians trail Americans in desire to use and invest in cryptocurrency, poll finds

Only 17% of Canadians said they're likely to invest in cryptoassets as a short-term investment

Bitcoin, Litecoin and Ethereum

SEC beefs up crypto enforcement unit

The regulator added 20 staffers to its crypto enforcement team


Biotech exec sanctioned for illegal bond sales to foreign investors

Firm violated B.C. law when it raised funds from Taiwanese investors, panel found


ETF class action proceeds, raising bigger issues

The "hybrid" regulation of ETFs makes it impossible to bring a class action for misrepresentation, court finds

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CDIC expands deposit protection to RESPs and RDSPs

The Crown corporation also introduced changes for deposits held in trust or placed through financial advisors

  • By: Staff
  • May 2, 2022 May 2, 2022
  • 14:39
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European regulators not playing along with trading apps’ gamification

An ESMA paper addressed behavioural "nudges" that lead to addictive trading

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Helping regs get their heads around climate risks

FSB launches consultation on emerging supervisory approaches to climate concerns

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Fund managers face asset, margin pressure

While challenges multiply, traditional asset managers look resilient to market turmoil, says a Fitch report

  • By: Staff
  • April 29, 2022 April 29, 2022
  • 15:25
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Laurentian fined for AML lapse

FINTRAC review uncovered compliance violation, imposed $487K penalty on Laurentian Bank

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Canadian DB pensions closed Q1 in the red

Plan sponsors must tread carefully ahead, RBC Investor & Treasury Services says

  • By: Staff
  • April 29, 2022 April 29, 2022
  • 12:59
Ontario Queen's Park Legislative Building

Ontario budget promises little in the way of capital markets reform

Bay Street and regulators are now in a relative calm after a regulatory storm

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BMO Private Investment Counsel appoints new chief strategist

Brent Joyce has been hired as chief investment strategist and managing director of BPIC