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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

Credit card
Research and Markets

Consumer debt reaches record $2.5T, credit bureaus say

The pace of missed payments has slowed following recent interest rate cuts: Equifax

Research and Markets

Trump threatens sweeping new tariffs on Canada, Mexico and China

When Trump imposed higher tariffs during his first term, other countries responded with retaliatory tariffs

Canadian money
Research and Markets

Allowing a period of price declines would be ‘painful’ for Canadians: BoC official

Keeping inflation at 2% mitigates several risks, Mendes says

Canada U.S.
Research and Markets

Trump’s 25% tariff will hurt both Canada, U.S., Canadian leaders say

Tariffs to remain in place until Canada, Mexico stop drugs, people from illegally crossing borders, Trump says

Retail sales
Research and Markets

Government handouts to boost growth: Desjardins

Economic wisdom on GST holiday, rebates is questionable, economists say

Inauguration Day Washington DC
Research and Markets

U.S. policy uncertainty clouds sovereign outlook

Tax cuts, tariffs, immigration policy poses risk to economic, credit conditions: Fitch

usinesswoman studies financial market to calculate possible risks and profit
Products

Product roundup: Dynamic Funds, Desjardins roll out new funds

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

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

Bitcoin ticks closer to US$100,000 following U.S. elections

The surge comes just two years after the collapse of crypto exchange FTX

Founder of failed crypto lending platform pleads guilty to fraud charges

Alexander Mashinsky admitted that he misled customers about the business

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

M&A maintains momentum in Q3

Improving economic outlook underpins strong deal activity: Crosbie & Co.

Canada’s productivity slump deepens: StatCan

Gap with U.S. continues to grow, underpinning economic disparity

Auto sales in November up 8.8%: DesRosiers

Easing supply chain woes helped push sales higher, the firm says

  • December 4, 2024 December 4, 2024
  • 11:22