BoC may further delay rate rise
The Bank of Canada may hold off on hiking rates until the US Federal Reserve decides to raise its own, argues Fidelity Investments.
Mortgage brokers also pushing for higher professional standards
Many advisors have long wanted to see higher professional standards and more rigorous accreditation processes, so they may sympathize with the lobbying efforts of professionals in another corner of the financial sector.
Gluskin and Sheff selling majority stake, exiting management
Two of Canada’s top money managers are selling off the vast majority of their shares in the independent wealth management firm they founded.
Regulators warn of cyber-crime threat
Warning of an increase in cyber crime, regulators said they will consider how firms are ensuring security of client data issuer as part of their oversight of regulated entities.
Financial sector among most generous, ahem, sperm donors
The reputation of financial workers may have taken a hit with the financial crisis, but there’s one area where they are proving to be more generous than doctors, teachers and other professionals… sperm donation.
CI Financial buys controlling stake in Marret Asset Management
CI Financial is buying a controlling stake in Marret Asset Management as consolidation in the industry continues apace.
IIROC fines two ex-reps a combined $2.5m
IIROC has fined two former dealers a combined $2.5 million and permanently banned them for selling inappropriate products and acting against the interest of clients.
Quebec, Alberta advisors would welcome national regulator
Although the Quebec and Alberta governments remain the biggest hurdles to a national securities regulator, advisors in the two provinces see advantages.
TD Bank pays $52m over US Ponzi scheme
TD Bank will pay $52.5 million to settle US regulators' allegations that it failed to report suspicious activity in bank accounts tied to a $1.2 billion Ponzi scheme and lied to the investors.
Ontario AG recovers $17m for Ponzi scheme victims
Ontario’s attorney general is trumpeting the recovery of $17m for victims of a Ponzi scheme as the largest ever recovery under the province’s civil forfeiture law.