Clare O'Hara

Patent barred other U.S. mutual fund companies from making their own ETFs based on the investment giant’s existing fund

Deal with Kelso & Company values the Winnipeg-based investment firm at $1.5-billion

Fee to help fund regulator’s operating deficit estimated to add about $4.6-million to annual costs for companies that sell ETFs in province

New division will bring all of Sun Life’s asset management businesses together under one roof

Those being notified of the incident include financial advisers, traders, investors and others that require registration with the regulatory body

Client demand for advice rising as bank looks to amplify operations domestically and internationally

The total deal price includes a $370-million equity valuation and $227-million in financial obligations

Only 56 of 358 properties destroyed have received the necessary approvals to restore homes and businesses, according to the Insurance Bureau of Canada

The DST is among a broader group of ‘unfair’ taxes the U.S. President has flagged in his economic bill

The bill leaves a trail of unresolved questions, but could result in tax hikes on foreign investors

If it becomes law, the bill will override the Canadian-U.S. tax treaty that has been in place since 1942

Maxime Ménard will take over as global president and CEO from Jean-Guy Desjardins on July 1

Investors who hold foreign securities – including from the U.S. – may have to pay a non-resident withholding tax on income

Industry groups say the commissions – known as adviser chargebacks – are creating an ‘inherent conflict of interest’

Toronto-based Delisle announced Sunday that the company’s current chief operating officer, Sandra Henderson, will assume the role of CEO, subject to regulatory approval

Building materials such as aluminum, steel and lumber will add extra costs for insurers to the goods used in replacing and repairing homes, cars and businesses

Segments of business will be split between Erin Griffiths, who heads client solutions at Scotia’s Canadian wealth management; and Todd Barnes, head of the bank’s brokerage firm ScotiaMcLeod

Evolve Funds plans to be the first in Canada to offer a more ‘modest leverage’ on bitcoin prices by borrowing cash to purchase additional bitcoin for the fund, rather than using derivatives

Now that SLC executive chair Steve Peacher has acquired much of what he set out to buy, he says the diverse group of asset managers that SLC owns will start to work together under a more co-ordinated business model

David Scandiffio, president and chief executive officer of CIBC Asset Management, will depart the bank on April 30