Nov 22, 2024 · Both the U.S. and Canadian economies will go into recession in 2025, according to Peter Berezin, chief global strategist at BCA Research. Neither will suffer the kind of balance sheet recession that followed the global financial crisis in 2008, but he’s pessimistic about both central banks’ ability to engineer a soft landing.

Jan 3, 2025 · Each week, we summarize notable moves across the financial industry. National Bank has announced changes to its senior leadership team, effective Mar. 1.

Jan 3, 2025 · The Mercer Pension Health Pulse was launched in 2008. Eighty-eight per cent of the funds in Mercer’s database have a solvency ratio of 100% or better.

Jan 3, 2025 · The Asia-Pacific region made up 21% of CPP Investments’ holdings as of Mar. 31, according to its annual report. Those placements earned a net return of just 0.1% in fiscal 2024.

Oct 29, 2024 · The husband and wife team that founded alternative fund manager Bridging Finance Inc. (BFI) engaged in fraud that involved utilizing assets from the firm’s funds in conflicted transactions that benefited them personally, Ontario’s Capital Markets Tribunal has ruled — while the firm’s collapse is expected to result in more than $1 billion in investor losses.

Nov 15, 2024 · “In the competitive wealth management advisory channel, top advisors are actively seeking a platform and environment that empowers their teams to deliver on the complexities of their value propositions and achieve the client outcomes they aspire to, ” …

Dec 27, 2024 · Harvest Portfolios Group Inc. is seeking to expand its footprint in Canada’s ETF industry. The firm announced on Dec. 11 that it has filed a preliminary prospectus with the Canadian securities regulators for six new ETFs.

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Dec 5, 2024 · However, that methodology is now facing a legal challenge from firms with unresolved claims against the funds’ assets. In a filing, lawyers for one of those firms (with an unresolved $213 million claim) argued that the receiver is seeking “very significant, novel” relief in their motions on the proposed interim distribution — which, if granted, could prevent it …

Oct 29, 2024 · Each week, we summarize notable moves across the financial industry. Keeley Simpson has become chief executive officer, chief compliance officer and portfolio manager for her new independent wealth firm, Aretec Wealth Inc., based in Toronto.She’s joined in the venture by Will Simpson, president, and Greg Wise, vice-president.All three worked for BMO Nesbitt Burns Inc. — Keeley for 16 years ...