Industry moves this week
Former Scotiabank head to lead new Ontario Infrastructure Bank, plus other news
- By: Katie Keir
- December 8, 2023 December 8, 2023
- 12:52
Former Scotiabank head to lead new Ontario Infrastructure Bank, plus other news
OSFI says that vulnerabilities are high, but haven't intensified in recent months
Firm says $40-million investment from Cynosure will help attract top advisors
Technical recession remains a distinct possibility, SIFMA survey finds
Mortgage resets next year expected to cut into spending
Bill C-59 addresses issues flagged in the draft legislation
All levels of government must work together to reduce barriers to building more homes, deputy governor said
Companies can buy offset credits or contribute to a decarbonization fund that would lower their required reduction
Consultation seeks to set rules for financial industry cloud providers
Find ways to excel at the basics, panellists suggested at a CFA Society Toronto event
U.S. authorities allege investors hit with over US$88 million in undisclosed fees
CSA publishes systemic risk survey summary
Bank cuts 2% of staff, will revamp its strategic plan
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