Industry News

MFDA started the most disciplinary proceedings ever in 2016

In 2016, the MFDA commenced 111 disciplinary proceedings and finished 85, reveals an MFDA bulletin — the highest numbers ever. The bulletin also notes that MFDA initiated 11 proceedings against members. Alleged member misconduct in 2016 includes: In 2017, member supervision will continue to be under the microscope, the report indicates. And, as expected, suitability […]

By Staff |February 23, 2017

1 min read

Tired of providing equities advice? Give us your business, startup says

The abundance of investment advice online has been a steady force behind client migration toward self-directed investing. Now an Australian financial data startup, Simply Wall St, is taking a run at the Canadian market, hoping investors will pay annual subscription fees for access to market data, infographics and equities analysis. Simply Wall St launched in […]

By Simon Doyle |February 23, 2017

3 min read

CIBC wealth management profit gains 12%

CIBC’s wealth management business reported net income of $133 million for the first quarter, up $14 million or 12% from the same period a year earlier. Read: Economic releases and news to watch For the period ended January 31, 2017, the bank’s overall net income was $1.41 billion, up from $982 million a year ago. […]

By Staff, with files from The Canadian Press |February 23, 2017

2 min read

Tougher road ahead for telecoms

The telecom sector has long been an outperformer in Canada, compared to the broader TSX. But that’s likely to change.

By Sarah Cunningham-Scharf |February 23, 2017

3 min read