Seafaring Ponzi schemer pleads guilty
Fake advisor admits to fraud, money laundering, witness tampering
- By: James Langton
- May 16, 2025 May 16, 2025
- 15:07
Fake advisor admits to fraud, money laundering, witness tampering
Canadians continued to increase investments in U.S. equities, bonds
Plus, new offerings from Empire Life, Purpose, BMO, Ninepoint; multiple fund changes announced
Budget boosts penalties, SRO powers, short selling rules
Trump’s tariffs fuel concerns about slower growth and higher prices
Economists cut global growth outlook to 2.4% in 2025
Economy contracted 0.7% in Q1 after recording growth of 2.4% in last year's final quarter
Government expected to release fiscal outlook before House rises for the summer
High court declines further review of tribunal's rulings in Amaya Gaming case, putting an end to further appeals
Province boosts spending to counter U.S. trade pressure
Sales slump in metals and energy while furniture sales rise: Statistics Canada
Scheme inflated company's value ahead of a transaction to take it private
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