Industry News

CSA keeps status quo on director independence

CSA will keep its current approach to determining director and audit committee member independence, the regulator said Thursday. “CSA Staff Notice 52-330 Update on CSA Consultation Paper 52-404 Approach to Director and Audit Committee Member Independence” summarizes the feedback received about the regulator’s approach to determining the independence of directors and audit committee members. It […]

By Staff |July 26, 2018

1 min read

Housing sector faces instability for eighth straight quarter: CMHC

The Canada Mortgage and Housing Corporation says the country’s housing sector is facing a high degree of vulnerability to market instability for the eighth straight quarter. The Crown corporation attributes the vulnerability to overvaluation and price acceleration in Toronto, Vancouver, Victoria, and Hamilton. It rated Edmonton, Calgary, Saskatoon, Regina as having moderate levels of vulnerability […]

By The Canadian Press |July 26, 2018

1 min read

Venture capital for AI companies hit record high in Q2: report

Venture capital investment in Canadian artificial intelligence (AI) companies rose to an all-time high in Q2, says a report from PwC and CB Insights. AI companies received funding of US$169 million invested across 13 deals, an increase of 104% from the last quarter, says the MoneyTree Report. Overall, the number of deals to Canadian venture-backed […]

By Staff |July 26, 2018

1 min read

Put CPP hikes on hold, says CFIB

Starting in 2019, the Canada Pension Plan (CPP) will be gradually enhanced, with higher contributions resulting in higher benefits. Faced with increased CPP contributions, small business owners in Ontario are asking the newly elected Ontario government to put the plan on hold or cancel it. Read: Canadians underestimate retirement costs: study In total, 84% of […]

By Staff |July 25, 2018

2 min read