Data breach exposed Mackenzie clients’ personal data but not holdings, firm says
InvestorCOM, a vendor of Mackenzie Investments, had data exposed when hackers targeted a secure file transfer service
- By: Greg Meckbach
- May 2, 2023 May 2, 2023
- 16:05
Latest news in Industry News
HSBC expects later close of Canadian division sale to RBC
Both the Competition Bureau and OSFI are reviewing the transaction, which requires approval from the finance minister
- By: IE staff, with files from Canadian Press
- May 2, 2023 May 2, 2023
- 13:51
Client satisfaction tumbles with markets: J.D. Power
Lack of personalized advice created a void filled by negative returns, the latest survey says
- By: IE Staff
- May 2, 2023 May 2, 2023
- 10:56
Disability tax credit applications at “standstill” during CRA strike, advisors say
The DTC is a valuable credit for Canadians with disabilities and the key to other support programs
- By: Rudy Mezzetta
- May 1, 2023 May 1, 2023
- 13:00
First Republic Bank seized, sold to JPMorgan Chase
Customers pulled out more than US$100 billion in deposits after SVB and Signature Bank failed
- By: Ken Sweet
- May 1, 2023 May 1, 2023
- 11:13
Federal government posts $3.1 surplus for first 11 months of 2022-23 fiscal year
Interest rates pushed debt charges up 40.7%
- By: The Canadian Press
- April 28, 2023 April 28, 2023
- 14:48
Fed faults Silicon Valley Bank execs, itself in bank failure
SVB “remained well-rated, even as conditions deteriorated,” central bank report says
- By: Christopher Rugaber, The Associated Press, Ken Sweet
- April 28, 2023 April 28, 2023
- 14:29
After economy posts strong start to 2023, new data suggests slowdown has begun
February growth below forecast with contractions in manufacturing, wholesale and retail trade
- By: Nojoud Al Mallees, Canadian Press
- April 28, 2023 April 28, 2023
- 12:55
Participating whole life: What it can and can’t accomplish
Advisors should “show a less rosy picture” than the DSIR
- By: Greg Meckbach
- April 28, 2023 April 28, 2023
- 12:36
A key inflation gauge tracked by Fed remained high in March
Inflation slowed to 4.2% but much of that reflects lower gas prices
- By: Christopher Rugaber, The Associated Press
- April 28, 2023 April 28, 2023
- 11:00
AMF priorities for year ahead include crypto, total cost reporting
The Quebec regulator also plans to improve complaint handling and financial literacy
- By: IE Staff
- April 27, 2023 April 27, 2023
- 16:31
CI Financial sells stake in Boston-based RIA Congress
Toronto-based firm said it would use proceeds from the sale to pay down debt
- By: Rudy Mezzetta
- April 27, 2023 April 27, 2023
- 16:18
Bank regulator says no indicators of liquidity shock re-emerging
However, banking sector isn't fully in the clear, superintendent said
- By: The Canadian Press
- April 27, 2023 April 27, 2023
- 16:15
Mild recession on tap for 2023: CPA survey
Executive-level business leaders say inflation is an ongoing struggle
- By: IE Staff
- April 27, 2023 April 27, 2023
- 15:46
CFA Institute introduces new data science certificate
Only three percent of investment professionals say they are proficient in AI, CFA Institute finds
- By: Maddie Johnson
- April 26, 2023 April 27, 2023
- 16:24
Feds launch hearing into role of financial firms in rental housing
The move follows pledges to review housing as an asset class
- By: Mark Burgess
- April 26, 2023 April 26, 2023
- 16:07
Considerations when selling insurance to the gig economy
One in 10 Canadians, many lacking employer-sponsored disability coverage, work in the gig economy
- By: Greg Meckbach
- April 26, 2023 April 26, 2023
- 15:30
Planners need to see ‘the bigger picture’ on RRIF withdrawals, study says
Financial planners must consider the complexity of client circumstances, according to research from FP Canada's foundation
- By: Allan Janssen
- April 26, 2023 April 26, 2023
- 14:35
Swiss indict 2 managers of Saudi oil company in 1MDB scandal
Two PetroSaudi managers were accused of trying to enrich themselves by misappropriating at least US$1.8 billion
- By: The Associated Press
- April 25, 2023 April 25, 2023
- 14:14
UBS reaps US$28B in new money amid Credit Suisse fallout
Client inflows at UBS came in marked contrast to the US$69 billion in outflows that Credit Suisse reported Monday
- By: Jamey Keaten, The Associated Press
- April 25, 2023 April 25, 2023
- 14:05
CORRA takes the lead in derivatives
Adoption of the new financial benchmark well underway
- By: James Langton
- April 25, 2023 April 25, 2023
- 12:55
CIRO it is: SRO members approve new name
Firms will have until Dec. 31, 2024, to adopt the name and logo on required disclosures
- By: Mark Burgess
- April 24, 2023 April 24, 2023
- 17:17
What’s behind the looming ‘x-date’ on the U.S. debt limit?
Some investors are getting worried after more than three months have passed with little progress
- By: Josh Boak
- April 24, 2023 April 24, 2023
- 16:42
NEO Exchange rebranded as Cboe Canada
The exchange was acquired last year by Chicago-based Cboe
- By: IE Staff
- April 24, 2023 April 24, 2023
- 16:13
Credit Suisse saw US$69 billion in outflows at start of 2023
Turmoil at the bank has simmered down, but challenges for Credit Suisse and the takeover deal have not
- By: Jamey Keaten, The Associated Press
- April 24, 2023 April 24, 2023
- 12:00