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Bridgehouse, Ninety One launch EM fund for Canadian pensions

The fund has $350 million in seed capital from an unnamed Canadian corporate pension plan

Canada Parliament and Canadian Flag over blue sky.

Federal government posts $9.8-billion deficit for April-to-August period

Program expenses rose 11%

Tiff Macklem

‘Shock-prone world’ highlights need for productivity: BoC governor

Supply shocks create more risks to inflation, Macklem says

Modern bank towers in the late afternoon

Banks lower prime rates to 5.95%

Move matches the rate decrease announced by the Bank of Canada

Couple signing a contract in the office

How to include life insurance in a prenup

Policy splitting, tax implications and beneficiary changes are factors to consider

CRA tax

CRA interest rate on overdue tax to fall in Q1

Prescribed rate set to drop as average yield on three-month Treasury Bills moves lower

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Canada’s life and annuities industry stable in 2023: report

IFRS 17 won’t significantly impact LICAT ratios, insurers moving towards bonds

Older couple reviews a contract with a lawyer or financial advisor

Half of Canadians say they’re falling behind on retirement savings: survey

Every generation expects to retire beyond age 65

increase

CG Wealth Management hits $40B asset threshold, sets sights on doubling that

Big investments in wealth management to continue, Canaccord Genuity Corp. CEO says

financial statement

Clients like CRM2 statements but fees still a little fuzzy: survey

Investment Funds Institute of Canada report finds inflation and interest rates led Canadians to invest less last year

Bank of Canada note

With inflation below target, BoC expected to deliver supersized rate cut

Half-a-percentage-point cut could be on tap for Wednesday

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Harbourfront Group acquires Rothenberg Wealth Management

Deal builds on Harbourfront’s recent purchase of Cornerstone Investment Counsel Ltd., which was completed in June 2024

  • By: IE Staff
  • October 18, 2024 October 18, 2024
  • 15:28
AI brain

Tech roundup: BMO Insurance now using Microsoft AI in field underwriting

Plus, companies embrace tools for client data transfer, onboarding and risk detection

House of commons

Trudeau to shuffle his cabinet as four more ministers won’t run in next election

Marie-Claude Bibeau, national revenue minister, is among those expected to step down

Investment pool

Canada’s first majority-Indigenous investment dealer to launch

Scotia-backed firm will launch this month with 70% Indigenous ownership

Young student taking notes while e-learning on laptop

Younger investors less loyal, less trusting of advisors

Survey suggests financial advisors emphasize value, build trust, communicate regularly

Piggy bank on calculator

Total TFSA contribution room to rise above $100K in 2025

Next year’s contribution amount can be calculated using CPI data released Tuesday

Canadian flags in business district

Massive U.S. fine against TD Bank highlights relatively modest penalties in Canada

Feds should increase administrative penalties, former deputy director of Fintrac says

Concept of a social network

How wealth management firms are attracting advisors

Independence, tech, support for succession planning are some of the attractions on offer

TD bank. stock photo

TD money laundering fines could weigh on bank’s stock long term: analysts

Bank agreed to pay US$3.09 billion in fines on Thursday

Quantum computer

FINRA chair becomes new CEO of FusionIQ

Also, Férique begins using Conquest’s planning platform

House of Commons in Ottawa

What happens to the capital gains tax changes if the government falls?

Legislation to implement the hike to the capital gains inclusion rate has yet to be passed

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TD fined US$3.09B as bank pleads guilty to U.S. charges related to money laundering

Non-financial sanctions put limits on the bank's growth in the U.S.

parliament hill

Feds moving ahead with sustainable investing guidelines, but details still scarce

Government says it will launch a regulatory process to assess what information to require in company climate disclosures

announcement

Canaccord Genuity names former RBC exec Nadine Ahn as deputy CFO

Ahn was fired from her RBC role in April