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2 weeks ago | 
wealthprofessional.ca | Freschia Gonzales
AMF and OSC target illegal promotions as global regulators crack down on social media finfluencers By Jun 09, 2025 Unregistered investment advice and misleading crypto promotions dominated the findings as the Ontario Securities Commission (OSC) reviewed 87 finfluencers and 9 issuers during the Global Week of Action Against Unlawful Finfluencers.
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2 weeks ago | 
wealthprofessional.ca | Freschia Gonzales
Labour market strains raise pressure on central bank to cut rates despite steady June decision By Jun 09, 2025 Canada’s unemployment rate rose to seven percent in May — the highest since 2016, excluding the pandemic years.
The increase signals deeper labour market strain and strengthens expectations for interest rate cuts later this year, according to Statistics Canada’s latest report released June 7.
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2 weeks ago | 
wealthprofessional.ca | Freschia Gonzales
Ottawa aims to align rules, ease licensing, and fast-track project reviews under new federal bill By Jun 09, 2025 Prime Minister Mark Carney’s government introduced Bill C-5 on Friday to fast-track major national projects, harmonise trade rules across jurisdictions, and recognise professional licences across provinces and territories.
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2 weeks ago | 
wealthprofessional.ca | Freschia Gonzales
Political feud reignites investor fears as Musk's robotaxi plans run into uncertainty with Trump By Jun 09, 2025 Tesla shares plunged more than 14 percent last Thursday, wiping out US$150bn in market value, after Elon Musk's public clash with US President Donald Trump raised investor concerns over future regulatory and funding risks, according to The Canadian Press.
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2 weeks ago | 
benefitsandpensionsmonitor.com | Freschia Gonzales
PSP quietly makes largest Canadian move, joining CPP and Ferrovial in controlling GTA toll route By Jun 09, 2025 Public Sector Pension Investment Board (PSP Investments) has made its largest-ever Canadian investment by acquiring a 7.51 percent minority stake in the 407 Express Toll Route (407 ETR), a key infrastructure asset in the Greater Toronto Area (GTA), from CPP Investments.
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2 weeks ago | 
benefitsandpensionsmonitor.com | Freschia Gonzales
Consultants expect more plan sponsors to adopt personalised defaults and multi-sector income strategies By Jun 09, 2025 Plan sponsors are expected to expand the use of blend target date funds (TDFs) and introduce private market investments—particularly private credit—into defined contribution (DC) plans, according to PIMCO’s 19th Annual DC Consulting Study.
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2 weeks ago | 
benefitsandpensionsmonitor.com | Freschia Gonzales
Competition Bureau allows broad environmental claims if backed by proper testing and methodology By Jun 09, 2025 The Competition Bureau’s final anti-greenwashing guidelines confirm that businesses may continue making environmental claims, including those related to sustainability and emissions. However, according to The Canadian Press, these claims must not be false or misleading and must be supported by adequate and proper testing.
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2 weeks ago | 
benefitsandpensionsmonitor.com | Freschia Gonzales
Canada's jobless rate hits 7% as regions like Windsor and Oshawa face trade-related slowdowns By Jun 09, 2025 Canada’s unemployment rate rose to 7 percent in May, reaching its highest level since 2016 when pandemic years are excluded, as reported by Statistics Canada. Despite a gain of 8,800 jobs, the labour market showed signs of broader weakness, particularly in manufacturing, transportation and trade-sensitive regions.
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3 weeks ago | 
wealthprofessional.ca | Freschia Gonzales
New agreement expands course, credential, and event options for planners and accountants across sectors By Jun 06, 2025 Chartered Professional Accountants of Canada (CPA Canada) and FP Canada signed a Memorandum of Understanding (MOU) that will allow professionals in both fields to access each other’s programs, credentials, and continuing education.
The agreement gives CPA Canada members access to FP Canada’s courses and conferences, and expands credentialing opportunities.
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3 weeks ago | 
wealthprofessional.ca | Freschia Gonzales
Bank restructures leadership as it eyes post-acquisition profitability and return on equity boost By Jun 06, 2025 Bank of Montreal has appointed Aron Levine, a long-time Bank of America executive, to lead its newly combined United States personal and business banking, commercial banking, and wealth management divisions.
The move comes as the bank reorganises its US structure to improve profitability and boost return on equity.
