Purpose launches private asset platform for advisors along with three funds
The company is the latest to offer private investments catering to retail investors
- By: Mark Burgess
- April 4, 2023 April 4, 2023
- 15:09
The company is the latest to offer private investments catering to retail investors
Weaker energy prices lead inflation readings lower
Founder accused of falsifying user data before US$175 million buyout
RBC Capital Markets and BMO Capital Markets rank among top advisors
Downtown office vacancies sat at 18.4%
The central bank will begin an internal recruitment process for the deputy governor position
Manulife and Canada Life heads still saw their total compensation rise
IGM Financial, which sold IPC to Canada Life, has acquired a stake in Rockefeller Capital Management
A BoC paper found only small investor discounts for large GHG emitters, creating risk in the event of a sharp shift
Changes to the Income Tax Act are good news for employers with pension plans
RBC will have exclusive distribution of Onex alts products under the DS and PH&N channels
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