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Crypto coins

Crypto, financial sector stress a two-way street

Turmoil in U.S. banking business shook stablecoin market, Fitch reports

Business People Handshake Greeting Deal Concept

Global M&A down sharply in first half: Refinitiv

BMO ranks among top 10 in global deal advisory business

pension pension or retirement concept with word on business office folder index

DB pension plans improve in second quarter

Increases in bond yields helped reduce plan liabilities

Product news: Brompton introduces ETF for split corp. preferred shares

Plus, more fund launches and closures

Credit card

Poorer households hit harder by economic conditions: StatsCan

Wealth and income inequality rose in the first quarter

Securities trending up

Global capital markets activity mixed in first half

RBC led Canadian dealers on equity, debt league tables

Interest rate dice

Headline inflation drops, core persists: OECD

Declining energy and food prices drive sharp drop in consumer prices in May

  • By: Staff
  • July 4, 2023 July 4, 2023
  • 13:22
Banks

IGM Financial cutting jobs and office space in search for savings

The company plans to reduce IG Wealth Management offices

Files being analyzed

Canaccord Genuity facing investigation into its wholesale market-making activities

"Significant penalty" could result from the investigation, company says

U.S.-dollar LIBOR put to pasture as the first phase of CDOR reform ends

Banks can only enter into new transactions with clients that reference CDOR if the transaction hedges or offsets existing exposures

Carrying debt

Inflation driving U.S. defaults: Fitch

Continuing cost pressures, rate hikes pushing companies toward default

gavel

Court rejects Binance’s bid to halt OSC inquiry

Crypto firm failed to make its case staying regulator's investigation order, summons

Smoke emission from exhaust pipe of SUV car - concept of pollution

Record immigration driving record emissions: NBF

Report highlights an unwelcome side effect of strong population growth

  • By: Staff
  • June 30, 2023 June 30, 2023
  • 12:29

Industry moves this week

iA Financial Group's president and CEO Denis Ricard will lead CLHIA's board

Cash ETFs lead monthly gains again, drawing $4.8 billion this year

Fixed-income funds continue to dominate flows

Ninepoint finalizes Bitcoin fund change with launch of Web3 ETF

Other funds ready to ride out the "crypto winter"

SEDAR+ to launch on July 25

SEDAR will no longer be available for filing the night of July 20

  • By: Staff
  • June 30, 2023 June 30, 2023
  • 10:42

Policymakers set stage for digital euro

European Commission proposes legal framework, ECB to have final call on digital currency

MFDA plans sweep of advisors, reveals more on CE plans

What the regulator's looking for

Fewer consumers think a recession is likely, finds BoC

Businesses getting closer to pre-pandemic wage growth, according to Bank of Canada outlook survey

Canadian economy steady as real GDP remains unchanged

Although GDP was flat for April, it showed strengths

Drop in business optimism in June may indicate cooling economy

The decrease in confidence follows a seven-month upswing, the CFIB said

  • By: Staff
  • June 29, 2023 June 29, 2023
  • 14:51

Investment advice seen as a key benefit of open banking: survey

Deloitte reports suggests Canadians are likely to embrace new banking model once it goes live

  • By: Staff
  • June 30, 2023 June 30, 2023
  • 09:04

U.K. regulator flags sustainable finance concerns

Conflicts, transparency, targets in sustainability-linked loans all raise questions

Do the math before using credit card loyalty points toward mortgages

At RBC, one-quarter of customers use points for mortgage, credit card payments