3+ hour ago  (471+ words) Retail sales for April better were than expected: investment strategist Daniel Johnson, The Canadian Press Canada's main stock index finished lower on Friday, weighed down by losses in the basic materials sector, as U. S. markets were closed for a holiday. The…...

4+ hour, 10+ min ago  (367+ words) Application seeks to challenge enforcement of US$30-million order in B. C. courts Next week, the Supreme Court of Canada will decide whether to hear an appeal from a British Columbia man facing a US$30-million judgment against him in an enforcement…...

4+ hour, 24+ min ago  (463+ words) Everyone agrees that technology will never replace financial advisors. That might be a problem IGM Financial Inc. announced a multi-year restructuring this week that the firm says will deliver $70 million in annualized savings by year-end 2028. "We are building an AI-enabled…...

6+ hour, 4+ min ago  (814+ words) A client's responsible AI use can help make meetings more productive As Canadians have grown more comfortable using AI chatbots like Chat GPT and Claude, they've begun using it to answer financial questions and even prepare for meetings with their…...

6+ hour, 31+ min ago  (632+ words) Appeal court rejects offshore trust's challenge to pair of legal actions An Ontario court rejected an appeal from an offshore trust that holds funds allegedly funnelled from Bridging Finance Inc. (BFI), which sought to challenge the venue for a pair…...

8+ hour, 5+ min ago  (496+ words) More than two-thirds of advisors who have a plan are 51 or older The percentage of advisors taking succession planning seriously has grown notably over the past decade. More advisors have crafted plans or are working on them, and many wealth…...

1+ day, 3+ hour ago  (336+ words) Bank, dealer justified in freezing client's accounts, appeal court rules The Court of Appeal for Ontario upheld a lower court's decision to summarily dismiss a lawsuit against a bank and its investment dealer affiliate over their decision to freeze the…...

1+ day, 5+ hour ago  (263+ words) HSBC Australia fined A$35 million for admitting that it failed to protect clients After admitting that it failed to do enough to protect its clients from scam artists, HSBC Bank Australia Ltd. has been ordered to pay a A$35-million…...

1+ day, 9+ hour ago  (320+ words) The decision was widely anticipated as inflation didn't rise as expected in May The Bank of England has held its main interest rate at 3. 7% as the inflation pressures on the British economy have become more benign after the U. S. and Iran…...

1+ day, 4+ hour ago  (383+ words) Efforts to adopt high-tech tools underway, limited by budgets, workforces: IOSCO Globally, securities regulators are increasingly relying on technology to help power their oversight of the securities markets and the industry, but their aspirations to adopt the most cutting-edge tools…...