DBRS changes CI trend to negative, keeps rating unchanged
Announcement follows S&P's downgrade of firm in early May
- By: Rudy Mezzetta
- May 31, 2023 June 1, 2023
- 16:33
Top Stories in Uncategorized
Industry News
CRA announces prescribed rate for Q3
After rising for four consecutive quarters, interest rate charged on overdue tax to stand steady
- By: Rudy Mezzetta
- May 31, 2023 May 31, 2023
- 12:59
Firms struggle to understand conflicts: BCSC
Compliance sweep uncovers issues with identifying, disclosing and managing conflicts of interest, including conflicted compensation
- By: James Langton
- May 25, 2023 May 25, 2023
- 14:55
Industry News
Regulators warn investors of advisor impersonators
Fraudsters are posing as registered individuals
- By: IE Staff
- May 25, 2023 May 25, 2023
- 14:34
Grocery rebate bill receives royal assent
The CRA will deliver the one-time GST credit boost to Canadians in July
- By: Rudy Mezzetta
- May 11, 2023 May 11, 2023
- 16:53
Industry News
CI Financial sells 20% stake in U.S. business
Proceeds of $1.34-billion deal will pay down debt
- By: Rudy Mezzetta
- May 11, 2023 May 11, 2023
- 13:19
RF Capital to focus on recruiting, M&A to boost growth
Richardson Wealth parent firm posted $5.3-million net loss in first quarter
- By: Rudy Mezzetta
- May 4, 2023 May 4, 2023
- 16:30
European Central Bank slows pace of rate hikes but vows more
The quarter-point increase comes a day after the Federal Reserve's identical move
- By: David Mchugh, The Associated Press
- May 4, 2023 May 4, 2023
- 10:12
ETF investors played defence with fixed income in April
Cash alternatives and Canadian government bonds benefited from market uncertainty
- By: Mark Burgess
- May 3, 2023 May 3, 2023
- 11:37
Industry News
S&P cuts CI Financial’s credit rating to junk
Following CI's request to withdraw coverage, S&P dropped its rating for the asset manager
- By: Rudy Mezzetta
- May 2, 2023 May 2, 2023
- 16:35
Investors can remain confident despite new-age banking crisis
Reassure clients to keep them focused on their long-term objectives
- By: Lesley Marks
- May 1, 2023 May 1, 2023
- 15:12
Industry News
Federal government posts $3.1 surplus for first 11 months of 2022-23 fiscal year
Interest rates pushed debt charges up 40.7%
- By: The Canadian Press
- April 28, 2023 April 28, 2023
- 14:48
Industry News
CI Financial sells stake in Boston-based RIA Congress
Toronto-based firm said it would use proceeds from the sale to pay down debt
- By: Rudy Mezzetta
- April 27, 2023 April 27, 2023
- 16:18