AI is coming for your wealth management firm
A new report from McKinsey & Company says back-office efficiency will no longer be a differentiator
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SEC, CFTC aim to ease private fund reporting
Regulators seek boost in reporting thresholds to reduce small firm demands
Wall Street boasts strong Q1 results: Moody’s
Volatility boosts trading, underwriting, asset quality holds up
Oil prices rise and U.S. stocks give back a bit of their record-breaking rally
Analysts have raised profit expectations, despite geopolitical risk
Blue Owl to acquire REIT in US$2.4B cash deal
Deal offers 19% premium to Sila Realty Trust trading price on Friday
- By: Noushin Ziafati
Bank of Canada appoints two deputy governors
Marc-André Gosselin and Nicolas Vincent to assume new roles in May and August, respectively
Inflation jumps to 2.4% in March driven by Iran war oil shock
Gas price saw largest monthly increase on record in March
CETFA survey shows younger investors more likely to adjust portfolios amid geopolitical tensions
The data also reveals Canadians' limited knowledge of cross-border investing tax implications
- By: Noushin Ziafati
OSC, AMF in French connection
Regulators reach deal to support cross-listing in Canada and France
- By: James Langton
Do bank customers have a right to an account?
Supreme Court to consider whether to allow appeal from ex-BMO client
- By: James Langton
Business sentiment was improving in Q1, but Middle East war pushing up costs
BoC survey shows energy, fertilizer and freight costs impacted in March
Industry moves: Wellington-Altus scores team with $750M in assets
Plus, TD Wealth VP moves into advisor role and appointments across the industry
- By: Alisha Hiyate
Commercial real estate market at turning point as vacancies drop: report
Back to office momentum is chipping away at oversupply, Colliers says
NYSE seeks approval for tokenized trading
Exchange aims to trade tokenized versions alongside traditional securities
- By: James Langton
Anthropic’s Mythos shows need to ‘come to grips’ with AI risks: Macklem
The BoC governor says technology's evolving abilities underscore importance of cybersecurity
The loonie-oil price disconnect
Dollar responds to demand shocks, but supply shocks ignored: Scotia
- By: James Langton
SEC set to cancel advisory firms’ registrations
Firms no longer qualify for narrower online advisor exemption
- By: James Langton
Inside Track
Harvey Naglie
Regulation
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Focus on Financial Planning
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Advisor chargebacks are bad for the industry