TD settles sales practices class action
Bank to pay $22 million while denying fund manager's allegations
- By: James Langton
- February 13, 2024 February 13, 2024
- 15:47
Bank to pay $22 million while denying fund manager's allegations
The national financial advisors association alleges it was overcharged
Consumer protection and individual responsibility a core focus of the recommendations
Options include active, passive and factor-based funds
One in 10 Airbnbs in Montreal, Toronto and Vancouver are unlicensed, report found
New rules would require advisers to file reports with the government when they suspect clients of suspicious activity
The consumer price index rose 0.3% from December to January and 3.1% from a year ago
Canadians are more concerned with meeting current needs than saving for the future, according to industry surveys
Robust consumer spending is fuelled by credit growth, report says
The organization had about 400 employees across the country before the cuts
A growing share of business forecasters worry that the Fed is keeping rates unnecessarily high
Respondents concerned about greenwashing, biodiversity and green investment classification in Canada
Through a new web survey, insurance advisors across Canada shared their working experiences
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