News
How wealth management firms, advisors can make the most of AI
2+ hour, 23+ min ago (937+ words) AI vendor's COO shares tips for selecting best AI use cases, vendors and more At the same time, a minority of individuals have figured out how to use AItotransformtheirfirm andteam and seen the results first-hand." Speaking at the ETF & Investment…...
Product roundup: New ETFs hit the market
2+ hour, 23+ min ago (443+ words) Plus, multiple firms make changes to their fund lineups" Canadian asset managers have"debuted several new ETFs or ETF series of existing mutual funds, adding to the rapidly growing list of products for advisors and investors to choose from." The…...
Tech roundup: Less office politics, more collaboration
2+ hour, 53+ min ago (557+ words) Plus, a new software tax feature and financial planning tool integration Almost every firm is looking to improve efficiency by reducing advisors" administrative task load in straightforward processes like notetaking, onboarding and compliance documentation. But little has been said about…...
Energy prices help boost March manufacturing sales 3%
2+ day, 20+ hour ago (139+ words) Sales rose in nine subsectors tracked by Statistics Canada, led by petroleum, coal Statistics Canada says manufacturing sales rose 3% in March to $73. 6 billion, the highest level since January last year, boosted by higher energy prices. The agency says sales rose…...
Canada's junk bonds under stress: Moody's
2+ day, 19+ hour ago (404+ words) Credit risk rising amid macro headwinds, growing role for private equity Credit risk for speculative grade companies is rising more quickly in Canada than in other developed economies, due to a combination of both macroeconomic headwinds, and the high level…...
The future of financial advice
2+ day, 14+ hour ago (516+ words) AI-driven hybrid advice models could reshape how firms engage investors, young and old Advisory firm executives who underestimate the transformational potential of AI are putting their businesses at risk, , says Mike Floyd, CEO and co-founder of Think Forces Advisory Group....
Carney, Smith sign carbon price deal, suggest fall 2027 pipeline approval
2+ day, 15+ hour ago (291+ words) Pipeline is dependent on the Pathways carbon capture project, requires First Nations consultations...
CSA seeks changes to buyback, takeover rules
2+ day, 19+ hour ago (515+ words) Reforms aim to give issuers flexibility, enhance disclosure for shareholders In an effort to enhance liquidity, Canadian securities regulators are proposing to introduce a new exemption that will make it easier for companies to buy back shares "and they're also…...
Private fund manager sanctioned by SEC
2+ day, 17+ hour ago (10+ words) Disgorgement, penalty ordered against fund manager for misusing investors' money...
B. C. court sides with Binance
2+ day, 17+ hour ago (335+ words) Victim of crypto scam sought orders to help identify fraudsters According to the court's ruling, Lixiao Wang sought orders against Binance and another crypto platform (Coinbase Global Inc.) after he allegedly fell victim to a crypto scam in 2024, losing $26 million…...