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DB plans improve in Q2, while Caisse posts 3.3% return over six months

Canadian defined benefit pension plans returned 2.2% in the second quarter of 2018, an increase from the 0.2% reported in Q1, RBC Investor & Treasury…

Manulife changes portfolio management for several funds

Manulife Investments has appointed new subadvisors and portfolio managers for a number of its mutual funds. The firm announced changes to 11 funds on Thursday.…

  • By: Staff
  • August 2, 2018 August 2, 2018
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Fintech sector on pace for record number of deals: KPMG

Regulatory developments could make 2019 an even busier year in the fintech space

  • By: Staff
  • August 2, 2018 August 2, 2018
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Great-West Lifeco reports Q2 earnings boost

Insurance company Great-West Lifeco Inc. reports second-quarter net earnings grew by 17% on increased sales and boosted fees. The Winnipeg-based company says it earned $831…

Fund from IBV Capital available to retail investors

The IBV Capital Global Value Canadian Feeder Fund is now available on RBC’s retail investment platform, the firm announced Wednesday. Aligning with the firm’s focus,…

  • By: Staff
  • August 1, 2018 August 1, 2018
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Wells Fargo to pay US$2.1 billion for role in housing bubble

Wells Fargo agreed Wednesday to pay a US$2.1-billion fine to settle allegations it misrepresented the types of mortgages it sold to investors during the housing…

CSA moves ahead with study on trading fees and rebates

The Canadian Securities Administrators (CSA) has awarded a research contract to develop a pilot study examining the impacts of trading fees and rebates on order…

  • By: Staff
  • August 1, 2018 August 1, 2018
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Does it matter how many times you take FPSC exams?

First-time test-takers have a better pass rate

  • By: Staff
  • August 1, 2018 August 1, 2018
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Fidelity slashes fees as U.S. funds battle for investors

The price war among mutual fund companies is hitting a new frontier in the U.S., to the further benefit of investors. Fidelity says it will…

FCAC commissioner Lucie Tedesco reappointed

Lucie Tedesco has been reappointed as commissioner of the Financial Consumer Agency of Canada (FCAC) for six months commencing Sept. 3, 2018. Commissioner Tedesco was…

  • By: Staff
  • August 1, 2018 August 1, 2018
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Progress stalls for women in Canadian C-suites

None of Canada’s TSX 60 companies were headed by a woman, and two-thirds did not include a single woman among top earners during their latest…

Former contractor accessed CSA registration database

A former contractor for the Nunavut government gained unauthorized access to CSA’s national registration database, the group of regulators said Friday in a release. The…

  • By: Staff
  • July 30, 2018 July 30, 2018
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Manulife reducing fees, risk ratings on certain funds

Manulife Investments is reducing management and trailer fees, and lowering the risk rating for certain funds. After business close on Aug. 1, trailer fees will…

  • By: Staff
  • July 30, 2018 July 30, 2018
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Gig economy creates demand for financial planning: BMO

Canada’s labour market is shifting to a gig economy at a “phenomenal rate,” a report from BMO Wealth Management says, revealing a growing group of…

  • By: Staff
  • July 30, 2018 July 30, 2018
  • 00:00

Coinsquare launches tech-focused wealth management biz

Cryptocurrency trading platform Coinsquare has launched a wealth management business focused on AI, blockchain and cryptocurrencies. Subsidiary Coin Capital Investment Management Inc. is registered with…

  • By: Staff
  • July 30, 2018 July 30, 2018
  • 00:00

IIROC proposes OEO eligibility amendments

IIROC firms that offer order-execution-only services are the subject of recently published proposed amendments. Specifically, IIROC is requesting comments on proposed amendments to Dealer Member…

  • By: Staff
  • July 27, 2018 July 27, 2018
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Invesco Canada makes several fund changes

Invesco Canada has made name changes to its lineup of mutual funds and institutional pooled funds. The investment objectives, strategies and portfolio management teams remain…

  • By: Staff
  • July 27, 2018 July 27, 2018
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BCSC secures order for sale of property owned by fraudster

The British Columbia Securities Commission (BCSC) has obtained a court order for the sale of property in Hawaii, the proceeds of which will be returned…

  • By: Staff
  • July 27, 2018 July 27, 2018
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CI changes risk ratings for funds

CI Investments Inc. has changed the risk ratings for 24 of its mutual funds, the firm announced Thursday. The changes, which are effective immediately, were…

  • By: Staff
  • July 26, 2018 July 26, 2018
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CSA keeps status quo on director independence

CSA will keep its current approach to determining director and audit committee member independence, the regulator said Thursday. “CSA Staff Notice 52-330 Update on CSA…

  • By: Staff
  • July 26, 2018 July 26, 2018
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Housing sector faces instability for eighth straight quarter: CMHC

The Canada Mortgage and Housing Corporation says the country’s housing sector is facing a high degree of vulnerability to market instability for the eighth straight…

Venture capital for AI companies hit record high in Q2: report

Venture capital investment in Canadian artificial intelligence (AI) companies rose to an all-time high in Q2, says a report from PwC and CB Insights. AI…

  • By: Staff
  • July 26, 2018 July 26, 2018
  • 00:00

Judge jails Knowledge House officials after blockbuster N.S. stock fraud

Two of Nova Scotia’s most notorious white-collar criminals were sentenced to prison Wednesday after the longest criminal trial in the province’s history, a complex fraud…

Put CPP hikes on hold, says CFIB

Starting in 2019, the Canada Pension Plan (CPP) will be gradually enhanced, with higher contributions resulting in higher benefits. Faced with increased CPP contributions, small…

  • By: Staff
  • July 25, 2018 July 25, 2018
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CC&L Private Capital changes fund’s risk rating

Connor, Clark & Lunn Private Capital Ltd. has changed the risk rating of one of its funds. The CC&L Diversified Income Portfolio’s risk rating will…

  • By: Staff
  • July 25, 2018 July 25, 2018
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