Industry

National Bank reports 31% increase in wealth management income

National Bank reports net income of $497 million for Q1 2017, compared to $261 million for Q1 2016. The $236-million increase is explained by the bank’s writeoff of its equity interest in associate Maple Financial Group Inc. during the first quarter of 2016, which accounted for $164 million, or $145 million net of income taxes. […]

By Staff |March 1, 2017

1 min read

Leaders in women’s advancement to be lauded

On March 2, 2017, as part of International Women’s Day celebrations, Women in Capital Markets will recognize 16 leaders in women’s advancement in the Canadian economy. They are: Also read: Why are most CFAs men? Germany approves equal pay law for men and women Number of women on boards going up, but still low

By Staff |March 1, 2017

2 min read

Two people permanently banned, fined $6 million each

The British Columbia Securities Commission (BCSC) has permanently banned two people from B.C.’s capital markets for illegal distributions and multiple acts of fraud: Siu Mui “Debbie” Wong and Siu Kon “Bonnie” Soo. Wong and Soo are sisters and residents of B.C. In the same decision, the panel also ordered permanent bans against two joint venture […]

By Staff |March 1, 2017

3 min read

Major data breach touches U.S. robo, but risk ‘extremely low’

Established financial services players are far from immune to cybersecurity threats — witness how the Heartbleed bug took down CRA in 2014, and how IIROC accidentally lost data from 52,000 clients in 2013. But when a new technology gains momentum — like robo-advice — people will scrutinize any vulnerability. This became apparent last week, after […]

By Melissa Shin |February 28, 2017

2 min read