Strong quarter for wealth management helps bank return to profitability
Rents continue to trend upward, CEO says
The government will set the standards for the private sector to implement
Screen scraping would be phased out over time
Homeowners must now consider the proposed higher capital gains inclusion rate
Business bankruptcies reach highest level in the past year
Fund rep could fill out basic information, but not KYC info, on investment dealer accounts
Asset managers anticipate explosive growth in the AI market
But not in Canada, where population surge weighs on per capita income and real GDP
Regulator contemplates expanding eligible assets for retail investment funds
Global group of regulators seeks new secretary general
Rules were initially crafted to discourage excessive risk taking in the wake of the global financial crisis
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