SEC commissioners criticize enforcement rationale
Regulators objected to applying "best execution" duties to fund selection
- By: James Langton
- February 28, 2023 February 28, 2023
- 12:01
Foreign investor interest in domestic bonds comes as the Bank of Canada is shedding its bond holdings
Obstacles remain, but companies were less worried in early 2023
Investment scams, notably crypto frauds, drove higher losses
The settlement comes as TD works its way through two major acquisitions in the U.S.
Private investments buoyed the Ontario municipal employee fund
A third of economists expect a recession to begin in the April-June quarter
A special committee of independent directors is opposing the offer
Shifts in the composition of debt may slow down the effects of tightening, paper says
MacAlpine declined to provide the share of the U.S. business it would spin off
Feds' effort to improve housing affordability is hurting broader property market
But Fed board member says current environment differs from past inflationary periods in four ways
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