Industry News – Investment Executive https://uat-phoenix.investmentexecutive.com Canada's news source for financial professionals Tue, 11 Feb 2025 20:13:11 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.1 https://uat-phoenix.investmentexecutive.com/wp-content/uploads/sites/3/2018/01/cropped-favicon-1-32x32.png Industry News – Investment Executive https://uat-phoenix.investmentexecutive.com 32 32 Bank of Canada appoints Michelle Alexopoulos to new deputy governor role https://uat-phoenix.investmentexecutive.com/news/industry-news/bank-of-canada-appoints-michelle-alexopoulos-to-new-deputy-governor-role/ Tue, 11 Feb 2025 20:13:11 +0000 https://www.investmentexecutive.com/?p=502288 The U of T economics professor will work with the bank in a part-time role

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]]> GST/HST break juiced restaurant jobs, but left retail sector behind https://uat-phoenix.investmentexecutive.com/news/industry-news/gst-hst-break-juiced-restaurant-jobs-but-left-retail-sector-behind/ Tue, 11 Feb 2025 18:29:47 +0000 https://www.investmentexecutive.com/?p=502219 Restaurants added jobs, but 53% still operating at a loss or breaking even

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]]> TD Bank to get $20 billion from selling Charles Schwab stake https://uat-phoenix.investmentexecutive.com/news/industry-news/td-bank-to-get-20-billion-from-selling-charles-schwab-stake/ Tue, 11 Feb 2025 16:33:03 +0000 https://www.investmentexecutive.com/?p=502234 The bank is looking for ways to simplify its holdings and chart a path forward: CEO

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]]> RBC collaborates with carbon emissions reporting platform https://uat-phoenix.investmentexecutive.com/news/industry-news/rbc-collaborates-with-carbon-emissions-reporting-platform/ Mon, 10 Feb 2025 17:57:09 +0000 https://www.investmentexecutive.com/?p=502119 Clients can track scope 1, 2 and 3 carbon emissions

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]]> TD Bank Group to sell remaining 10.1% stake in Charles Schwab https://uat-phoenix.investmentexecutive.com/news/industry-news/td-bank-group-to-sell-remaining-10-1-per-cent-stake-in-charles-schwab/ Mon, 10 Feb 2025 14:56:59 +0000 https://www.investmentexecutive.com/?p=502120 The bank's stake is worth roughly US$15.4 billion

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]]> IGM Financial hits asset highs in Q4 https://uat-phoenix.investmentexecutive.com/news/industry-news/igm-financial-hits-asset-highs-in-q4/ Fri, 07 Feb 2025 22:46:17 +0000 https://www.investmentexecutive.com/?p=502076 Quarterly mutual fund sales through the advisor network were up 45% year over year

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]]> Industry moves this week https://uat-phoenix.investmentexecutive.com/news/industry-news/industry-moves-this-week-87/ Fri, 07 Feb 2025 20:15:04 +0000 https://www.investmentexecutive.com/?p=502072 A mixture of executive and PM moves were announced

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]]> Federal government hosts Canada-U.S. economic summit during tariff threat pause https://uat-phoenix.investmentexecutive.com/news/industry-news/federal-government-hosts-canada-u-s-economic-summit-during-tariff-threat-pause/ Fri, 07 Feb 2025 14:43:07 +0000 https://www.investmentexecutive.com/?p=502012 Trudeau, in opening remarks at the event, reiterated the need for a 'Team Canada' approach

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]]> Canaccord grows wealth management business, but posts Q3 loss https://uat-phoenix.investmentexecutive.com/news/industry-news/canaccord-grows-wealth-management-business-but-posts-q3-loss/ Thu, 06 Feb 2025 21:54:19 +0000 https://www.investmentexecutive.com/?p=501993 Global wealth management revenue grows 19.7% year over year to $233.4 million

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]]> FSRA revokes licence of former life agent for misappropriating client funds https://uat-phoenix.investmentexecutive.com/news/industry-news/fsra-revokes-licence-of-former-life-agent-for-misappropriating-client-funds/ Thu, 06 Feb 2025 19:42:21 +0000 https://www.investmentexecutive.com/?p=501945 Several clients who lost money filed lawsuits last year

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