Home News Industry News

Latest news in Industry News

Canada and USA Flag

U.S. investors can stay in Canadian Cronos Group class action

Ontario court allows U.S. shareholders to pursue both cases

Puzzle piece

Industry moves this week

Laurentian Bank has announced further executive shifts following its leadership change earlier this month

  • By: Katie Keir
  • October 11, 2023 October 12, 2023
  • 16:14
Robot holding a businesswoman

OSC grapples with promise, risks of AI

Report finds the technology is being used to segment clients and generate insights

Messy vintage accountant's desktop with adding machine and paper rolls, he is working with the calculator

`Pawns in this chess game’: Questions remain about CPA Canada split

The Ontario and Quebec organizations cited concerns about financial transparency regarding education programs

Diverse business partners gathered in boardroom shaking hands stock photo

Progress for women in top roles plods along

The proportion of women CEOs in the CSA's sample remains 5%, as in the past three annual reports

  • By: Staff
  • October 6, 2023 October 6, 2023
  • 11:53
Progress concept. Agile development attainment, motivation, growth concept. Business concept of goals, success, achievement and challenge. White paper airplanes on blue background.

Equity issuance surges in Q3: Refinitiv

BMO tops equity league tables, RBC leads debt rankings

Business Team Meeting Project Planning Concept

CSA chair outlines projects, commits to “thoughtful” regulatory approach

Industry watchdogs can't "sit in an ivory tower" as they push for industry change, said Stan Magidson

  • By: Katie Keir
  • October 5, 2023 October 5, 2023
  • 16:25
young couple meeting with advisor

Investors relying less on advisors for fund purchases: IFIC poll

Clients satisfied with advisors, despite fewer fee and suitability discussions

New rule book

CSA issues new guidance for stablecoins

Regulators set interim rules for fiat-backed cryptoassets

Megaphone

Industry moves this week

Abraham Tachjian stays on as Canada's open banking lead, plus Laurentian Bank changes leadership

  • By: Katie Keir
  • October 4, 2023 October 4, 2023
  • 12:59
Digital investing

Fintech group pushes for action on open banking, payments modernization

Campaign cites high banking fees, payments processing costs

  • By: Staff
  • October 4, 2023 October 5, 2023
  • 12:39
Business and financial district in a city with pillars

Investment banking fees hit the skids

Weak deal activity, syndicated lending drive drop in bankers' fees

stack of documents or files, overload of paperwork on black background

CSA to combine disclosure, delivery reforms

Regulators to marry changes to disclosure rules with electronic access

Interior of a modern futuristic building

EQB signs deal for 75% stake in alternative asset manager ACM Advisors

ACM specializes in pooled Canadian commercial mortgage funds

Crypto coins

OSC alleges crypto custody failure

Regulator says the CoinField platform didn't have adequate assets to satisfy withdrawal requests

Thief

Ponzi perpetrators get permanent trading ban

Convicted fraudsters banned by Ontario tribunal

Banks

Laurentian Bank appoints new CEO after computer mainframe outage

The computer issue comes only weeks after Laurentian completed a strategic review without a deal to sell the bank

ESG investing

Funds using more generic ESG lingo

European regulators flag growing greenwashing risk

Taking clients from “fine” to “flourishing”

With a new approach to monitoring, advisors can deepen connections and help clients set and achieve new goals

Toronto skyline in financial district

BMO Private Wealth makes layoffs, changes leadership structure

Brokerage reduces regions to four from six, eliminating nine positions

  • By: Melissa Shin
  • September 29, 2023 September 29, 2023
  • 10:31
Individuality

Industry moves this week

RBC Investor Services has a new CEO, and changes arise from iA Financial Group's capital markets restructuring

  • By: Katie Keir
  • September 28, 2023 September 28, 2023
  • 15:45
Business people working in a conference room

CSA finalizes derivatives conduct rules

Canada remained the last G20 country without conduct standards for OTC derivatives markets

hand holding globe

Climate funds growing alongside global temps

Assets growing but portfolio companies not on track to avert disaster

four people straining to pull against a single hand

FP Canada calls for fee fairness under title protection

FSRA's fee rule for credentialing bodies exempts CIRO from full costs

House bubble

Feds unlock another $20 billion for low-cost rental construction financing: Freeland

The government is raising the limit on the Canada Mortgage Bonds program to $60 billion