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Wall street

Wall Street facing flat revenues, amid wild volatility

Trading revenues strong, investment banking mixed in Q1: Moody's

rules and regulations
From the Regulators

FCA aims to be a smarter, pro-growth regulator

New agenda outlines plans to curb compliance burden, facilitate innovation

Apartment building
Research and Markets

Average asking rents decrease for sixth straight month to $2,119: report

March rents down 2.8% year-over-year amid affordability gains

Judge's gavel with magnifying glass on black.
From the Regulators

CIRO tribunal erred, BCSC panel rules

Provincial regulator orders case returned to the SRO to be reconsidered

Elder couple planning
Industry News

Trade war puts focus on mandatory minimum RRIF withdrawal

Liberals pledge 25% reduction in minimum withdrawal amount for one year

cryptocurrencies
Research and Markets

Justice Department will narrow its focus on crypto-related enforcement

The department has disbanded the Biden-era National Cryptocurrency Enforcement Team

Scotiabank
Industry News

Canada needs ‘growth-first’ agenda in volatile times: Scotiabank CEO

Scott Thomson said it's time to build capacity at home and boost productivity, rather than relying on external relationships

papers on a desk
From the Regulators

NASAA adopts ‘best interest’ in model rule

Group's conduct rule adds Reg BI, misleading title, provisions

International Trade
Research and Markets

As China and the U.S. spar, countries brainstorm over how to cope with the trade war

“The U.S. threat to escalate tariffs on China is a mistake on top of a mistake": China's Commerce Ministry

Banned
From the Regulators

Ex-rep admits to misappropriating millions

Former Assante rep agrees to ban, $2.3 million in sanctions

Coin stacks
Products

Product roundup: RBC iShares brings new fixed-income ETFs to market

Plus, a new ETF from Invesco, Franklin Templeton terminates funds and Interactive Brokers launches forecast contracts in Canada

Sustainable investing
From the Regulators

ESMA aims to inspire confidence in green bonds

Regulator consults on standards for external reviewers of green bond offerings

penalty card
From the Regulators

Rating agency fined by ESMA

Firm breached rules by implying regulators endorsed ratings

Canada’s retirement savings framework needs to change: SIMA

The industry organization is pushing federal parties to tweak retirement savings rules to reflect current 'economic realities'

Younger DIY investors more likely to seek human advisor: J.D. Power

Survey also revealed advised investors were happiest with National Bank, least satisfied with TD, Scotia

Tech roundup: CIBC launching new AI platform in April

Also, Singapore firm releases new underwriting platform

Industry moves this week

Wellington-Altus, Raymond James and Manulife announce executive appointments

Industry moves this week

Advisor moves to Raymond James, Manulife Wealth and ScotiaMcLeod, plus appointments at Centurion, CIRO, PSP and OSC

Industry moves this week

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

Not all target-date funds are created equal

These funds vary dramatically, no matter the maturity date

Canadian asset manager announces portfolio adviser change, shifting investment decisions from U.S. firm to in-house team

The ongoing trade war is among several factors for the move, Pembroke says

Canada’s ETF industry sets new monthly inflow record in March

International equity ETFs saw an ‘explosion’ in demand amid trade war concerns, volatility: report

Court approves smaller payout to Bridging investors

Initial distribution to unitholders in BFI funds cut by $170 million

FCA seeks to overhaul alt manager regime

Policymakers aim to make it easier to enter and comply with rules in the U.K.

Stablecoins probably aren’t securities either: SEC

The cryptoassets are used for commercial purposes, not as investments, regulator says

Trade uncertainty denting business and consumer confidence: BoC reports

Business survey shows 32% of firms expect recession this year

Ontario offers $11B in relief to businesses stung by U.S. tariffs

Government says it will defer select provincially administered taxes for six months from April 1 to Oct. 1

Equity, debt activity down in Q1

BMO tops RBC in debt underwriting, RBC still leads in equities