Advisor's Edge https://phoenix.advisor.ca The best news source for Canadian financial advisors. Investments, financial markets, insurance, practice management, tax and estate planning Thu, 12 Oct 2023 14:26:09 +0000 en-CA hourly 1 https://wordpress.org/?v=5.9.3 https://phoenix.advisor.ca/wp-content/uploads/sites/5/2018/05/cropped-advisor-ico-32x32.png Advisor's Edge https://phoenix.advisor.ca 32 32 U.S. investors can stay in Canadian Cronos Group class action https://phoenix.advisor.ca/news/industry-news/u-s-investors-can-stay-in-canadian-cronos-group-class-action/ Thu, 12 Oct 2023 14:05:01 +0000 https://www.advisor.ca/?p=231671 Ontario court allows U.S. shareholders to pursue both cases

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]]> Industry moves this week https://phoenix.advisor.ca/news/industry-news/industry-moves-this-week-45/ Wed, 11 Oct 2023 20:14:32 +0000 https://www.advisor.ca/?p=231665 Laurentian Bank has announced further executive shifts following its leadership change earlier this month

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]]> Negative rating action rises for private borrowers https://phoenix.advisor.ca/news/economic/negative-rating-action-rises-for-private-borrowers/ Wed, 11 Oct 2023 19:58:01 +0000 https://www.advisor.ca/?p=231660 Defaults still low, but DBRS on guard for deteriorating financials

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]]> Financial stability risks loom, FSB warns G20 https://phoenix.advisor.ca/news/regulation/financial-stability-risks-loom-fsb-warns-g20/ Wed, 11 Oct 2023 19:39:52 +0000 https://www.advisor.ca/?p=231657 Tight financial conditions, high economic uncertainty remain key vulnerabilities

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]]> Report warns of crypto sector’s inherent investor protection threats https://phoenix.advisor.ca/news/regulation/report-warns-of-crypto-sectors-inherent-investor-protection-threats/ Wed, 11 Oct 2023 19:21:41 +0000 https://www.advisor.ca/?p=231641 ESMA says novel abuses need to be addressed for DeFi sector to grow

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]]> Toronto city council debates vacant home tax hike amid budget and housing crunch https://phoenix.advisor.ca/tax/tax-news/toronto-city-council-debates-vacant-home-tax-hike-amid-budget-and-housing-crunch/ Wed, 11 Oct 2023 19:14:15 +0000 https://www.advisor.ca/?p=231645 Mayor Olivia Chow says raising the tax from 1% to 3% will encourage the transformation of vacant homes into rental units

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]]> Federal Reserve minutes: Officials signal cautious approach to rates amid heightened uncertainty https://phoenix.advisor.ca/news/economic/federal-reserve-minutes-officials-signal-cautious-approach-to-rates-amid-heightened-uncertainty/ Wed, 11 Oct 2023 19:04:26 +0000 https://www.advisor.ca/?p=231642 The Fed may be able to avoid a rate hike at its next two-day meeting

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]]> German government forecasts that the country’s economy will shrink by 0.4% this year https://phoenix.advisor.ca/news/economic/german-government-forecasts-that-the-countrys-economy-will-shrink-by-0-4-this-year/ Wed, 11 Oct 2023 16:51:34 +0000 https://www.advisor.ca/?p=231637 Revises April forecast, when it predicted 0.4% growth

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]]> Statistics Canada reports value of building permits up 3.4% in August https://phoenix.advisor.ca/news/economic/statistics-canada-reports-value-of-building-permits-up-3-4-in-august/ Wed, 11 Oct 2023 16:33:52 +0000 https://www.advisor.ca/?p=231635 Modest declines in residential construction plans, total monthly value of non-residential permits rose 14.8% to $5.0 billion

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]]> Wholesale inflation in U.S. rises 2.2% in September https://phoenix.advisor.ca/news/economic/wholesale-inflation-in-u-s-rises-2-2-in-september/ Wed, 11 Oct 2023 15:29:20 +0000 https://www.advisor.ca/?p=231631 Biggest year-over-year gain since April

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