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Gavel

Tribunal dismisses Bridging CCO’s bid for expedited hearing

No simple way to separate allegations against the failed firm’s former execs

Flag of the European Community in front of the Eurotower in Frankfurt am Main

European inflation eases for third month to 8.5%

The ECB is expected to hike rates by a half-point on Thursday

Banks

More than 100 organizations sign CFA Institute diversity code

Asset managers representing US$11.2 trillion in AUM have signed the code

  • By: Staff
  • February 1, 2023 February 1, 2023
  • 11:14
elderly caucasian woman counting coins in her hands

Canadian pension returns down 10.3% in 2022: RBC

Equities bounced back but fixed income remained weak amid restrictive monetary policy

Helping woman planning retirement

WCM’s Return to Bay Street program opens applications

The program to reintegrate experienced women into the financial industry has three hiring cycles this year

  • By: Staff
  • February 1, 2023 February 1, 2023
  • 10:35
Macro shot of a hand of a businessman signing or writing a document on a sheet of white paper using a nibbed fountain pen.

Canaccord Genuity buying Mercer’s Canadian private wealth business

The deal comes as Canaccord's management looks to take the firm private

Five strands of new barbed wire forming top of fence on blurred background.

Crypto schemer gets five years in jail

Former promoter sentenced after pleading guilty to conspiracy charge

Bull and Bear

IOSCO seeks tougher commodity derivative oversight

Regulators issue revised principles for regulation, supervision of commodity derivatives

The statue of Liberty and Manhattan, New York City

Rising credit provisions weigh on U.S. banks: Fitch

Capital markets have mixed effects on banks' revenues

  • January 31, 2023 January 31, 2023
  • 15:30
scales of justice

Tribunal allows witness to testify in U.S. case

OSC staff opposed order, amid concerns it could undermine Ontario court's authority to deal with foreign court requests

Background of Canadian money: 5,10,20,50,100 dollar bills and coins, loonie, toonie, quarter, dime, nickel, penny

Higher rates risk economic damage, Fitch warns

Housing market turmoil, deeper U.S recession pose threats too

ESG Icons

CIFSC releases inaugural list of Canadian responsible investing funds

Nearly 400 funds have been classified under six responsible investing categories

This arrow indicates a rising economic promotion, economic development, success, leadership and leading means

IMF upgrades outlook for the global economy in 2023

Output should grow 2.9%, global inflation should fall to 6.6%

ECB survey forecasts higher inflation

Growth forecast largely unchanged, inflation expectations edge up

Global corporate credit quality deteriorating

Rating agencies see credit challenges growing as macro conditions hit company finances

Interest rates likely higher for the long term: BMO

Financial markets, housing market may face rate-driven headwinds

National Bank sells in-house financial planning tool to IT vendor

AdviceSuite to be incorporated into CGI Wealth360

Crypto hacking hits record in 2022

Decentralized finance protocols were the top target of crypto thefts

Industry moves this week

Several changes occurred across asset management and wealth management

  • By: Staff
  • February 2, 2023 February 3, 2023
  • 15:49

What’s new from fund manufacturers

New products include target-date RESP funds, covered calls and high-interest savings

What’s new from fund manufacturers

Asset managers launched low-vol, covered call and low-fee index funds to start the year

How the Canadian ETF landscape could change in 2023

Investors can expect fewer tech launches and greater growth in covered call funds