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inflation at the grocery store
Research and Markets

Inflation gauge ticks higher in U.S.

Price pressures prove stubborn, a sign that inflation's steady decline over the past two years has stalled in recent months

U.S. economy
Research and Markets

U.S. economy grows at 2.8% pace in third quarter

GDP report still showed that the American economy is proving surprisingly durable

People icon
Research and Markets

Number of Americans filing for jobless benefits falls again

Applications fell by 2,000 to 213,000 for the week of Nov. 23, near seven-month lows

Merger acquisition
Research and Markets

Trump administration could usher new wave of M&A activity

Wall Street is betting corporate dealmaking could bounce back next year with lower rates, looser scrutiny

Piggy banks on stacks of gold coins
From the Regulators

OSC, CIRO to review banks’ sales practices

Regulators cite concerns about high-pressure sales tactics in bank branches

map of Canada with a hand underneath
Research and Markets

Trudeau, premiers to meet Wednesday after Trump trade threat

Ontario's premier called the tariff threats serious, unfounded

Businessman holding tablet with graphs
Research and Markets

Outlook for global fund sector improving: Fitch

Easing economic, financial conditions point to growth for fund managers

US Canadian dollar
Research and Markets

Loonie falls to lowest level since 2020 after Trump threatens tariffs

Trump threatened to impose a 25% tariff on all products from Canada, Mexico

Greater regulation in store for insurance industry: OSFI rep
From the Regulators

U.K. regulators to ease curbs on bankers’ bonuses

Effort aims to boost financial sector growth by loosening pay restrictions

Bank consolidation
From the Regulators

RBC, TD remain Canada’s entrants on FSB list

Annual exercise sees one bank move down the list, and one go up

businessman stock market
Industry News

Canaccord says ‘there is no plan’ to sell its U.K. wealth management division

The company refuted a media report that a sale could be in the works

Line graph
Research and Markets

G20 trade grew in third quarter: OECD

Both goods, services trade activity rose after mixed second quarter

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

Trader sanctioned for improper disclosure

Hedge fund traded on information about firm's pending block trades

Ontario launches OMERS review

Review will look at assets, investments, not benefits or contribution rates

Scotiabank reports $1.69B Q4 profit, up from $1.35B a year ago

Scotiabank earned $1.57 per diluted share on an adjusted basic, up from $1.23 a year ago

Tech roundup: Webull Canada extends trading hours

And other insurtech and wealthtech news

  • December 2, 2024 December 2, 2024
  • 12:20

Industry moves this week

Roy Gori of Manulife and Blair Morrison of BCFSA to retire in 2025, plus other news

Stephen Harper appointed to oversee Alberta’s $160B AIMCo fund

Move comes almost two weeks after the province's finance minister fired the Crown agency's entire board

Industry moves this week

New CFO for RF Capital, plus other executive-level moves

Canada-listed ETFs now have more than half a trillion dollars in AUM: report

The products gathered $9.2B in November alone

Low costs, potential gains increasingly drawing investors to active ETFs

This year, 71% of new ETF launches have been actively managed, according to Bloomberg Intelligence

Product roundup: Dynamic Funds, Desjardins roll out new funds

Plus, T. Rowe Price launches target-date portfolio series in Canada

Senate committee ponders monetary policy reforms

Report highlights calls for expanded mandate, increased transparency, accountability

After attack on Hiroshima client, Nomura tightens controls

Former wealth advisor accused of robbery, attempted murder, arson

ASIC reports on industry complaint handling

Regulator launches effort to enhance transparency of firms' dispute resolution efforts

Securities firms enjoy solid outlook for 2025: Fitch

Sector's strong profits, stable leverage to offset downside risks

M&A set to rise in new year

With strong financials and easing regulation, conditions are ripe for more dealmaking, Fitch says

Exchanges, clearing agencies to thrive in 2025

Sector to enjoy strong volumes, diversification, helpful regulation: Fitch