Top stories

Canadian pension risk transfers reached $11B in 2024

Many plan sponsors structured assets to make pension plans more bond-like

Industry moves this week

Appointments at CIBC and Manulife, plus a new private wealth division at Viewpoint

Carrying debt

Global debt strains on the rise: OECD

Higher borrowing costs, refinancing needs may hamper investment

Piles of coins

February was the strongest month for mutual fund sales in three years: IFIC

ETFs, mutual funds both recorded net sales of more than $9B

Insurance

Must-have skills for life agents as industry evolves

“Everyone’s going to have to up their game,” CLHIA president says

Court settlement

Deals: CDPQ invest in impact engineering firm Norda Stelo

Plus, MNP buys Houle and Associates and Manafort sells mortgage lending business

parliament hill

Carney confirms Liberals won’t proceed with planned capital gains tax change

The changes were expected to generate roughly $19.4 billion in tax revenue over five years

US dollar

U.S. private credit default rate rises: Fitch

Average monthly default numbers are up this year

Crypto coins

SEC commissioner questions regulator’s new guidance on crypto mining

Caroline Crenshaw cautioned against suggestion that mining activity doesn't involve securities

Euro map

EU delays retaliatory trade action to mid-April

Officials said they'll use the time to assess the impacts of U.S. tariffs and try to work out a deal

Busy mall

Retail sales drop 0.6% in January to $69.4B

Preliminary figures for February point to a 0.4% decline

consultation discussion

FINRA looks to facilitate capital raising

SRO consulting on possible reforms to rules around research, underwriting

Conflicted graph

U.S. and Canada could face recession amid trade war: Desjardins

Fed forecast to cut deeper with the possibility of a recession looming in the U.S.