Stronger activity in Montreal and Toronto contributes to 14% rise from August
Compliance exam turns up five AML violations
Sovereign rating activity drives sector's credit profiles
CREA now expects a 1.1% decline in sales this year from 2024
Smaller banks are outperforming in ease of use, personalization: J.D. Power
Deal with First-Citizens Bank & Trust Co. expected to close in mid-2026
Recession is unlikely, but valuations are high — a neutral equity-bond asset mix and increased diversification are recommended
Restrictions adopted in response to global financial crisis eased
More than US$50 million in unpaid taxes and penalties ends prosecution
U.K. regulator consults on reforms to support fund industry innovation
Tribunal orders $1.6 million in penalties and costs, market bans
Seven organizations will share the funds, collected from enforcement proceedings
Finance minister points to IMF report that predicts Canada will post the second-highest growth in the G7 next year
Meanwhile, the U.S. stock market held relatively steady near its records
Paper calls for guardrails against negative side effects of digital innovation
Asset performance to weaken as growth slows and inflation, rates face pressure
Shell companies, crypto exchange processed US$470 million in drug money
In series of legal filings, regulator claims exclusive jurisdiction
Project designed to avoid creating needless burden with new regime
The Fed left its benchmark interest rate unchanged for 3rd straight meeting on Wednesday
U.S. subsidiary of CI Financial seeks to plug "gap" in Canadian ultra-high-net-worth market
Meanwhile, Canadian direct investment abroad rose 2.8% to $2.4 trillion
Powell has signalled he could stay on Fed board after term as chair ends May 15
Seasoned ETF exec will help asset manager build "an entire footprint" in the country
Plus, another BMO alum joins software firm, new faces at Manulife and Optimize Wealth, and more
Plus, a new gold bullion mutual fund and a slew of product lineup changes
Clarity for clients makes it easier to shop across carriers
At the same time, both fund types recorded positive net sales