-
1 week ago | 
wealthprofessional.ca | Freschia Gonzales
Canaccord kept trading for Crito LLP despite SEC complaint and internal red flags, CIRO finds By May 29, 2025 The Canadian Investment Regulatory Organization (CIRO) has accepted a settlement agreement with Canaccord Genuity Corp. (Canaccord) on May 16, following a hearing conducted under the Investment Dealer and Partially Consolidated Rules.
-
1 week ago | 
wealthprofessional.ca | Freschia Gonzales
$3.3bn acquisition moves Definity to fourth in Canadian P&C rankings, pending regulatory approval By May 29, 2025 Definity Financial Corp. will acquire most of Travelers’ Canadian operations for $3.3bn, adding $1.6bn in annual gross written premiums and increasing its total to $6bn.
The deal will elevate Definity to fourth place among property and casualty insurers in Canada, up from its current sixth position, as reported by The Globe and Mail.
-
1 week ago | 
wealthprofessional.ca | Freschia Gonzales
Nvidia shares jump after export hit fails to dent US$39.1bn data centre sales and strong Q2 outlook By May 29, 2025 Nvidia delivered fiscal first-quarter revenue of US$44.06bn, up 69 percent year-over-year and ahead of Wall Street expectations, according to data compiled by LSEG and reported by CNBC.
-
1 week ago | 
benefitsandpensionsmonitor.com | Freschia Gonzales
Deal adds $1.6bn in premiums and lifts Definity to fourth among Canadian P&C insurers by 2026 By May 29, 2025 Definity Financial Corp. will acquire the Canadian operations of US-based Travelers for $3.3bn, a transaction that significantly boosts its market share and brings its annual gross written premiums to $6bn. The deal, accoridng to The Globe and Mail, is set to move Definity from sixth to fourth among Canadian property and casualty (P&C) insurers.
-
1 week ago | 
wealthprofessional.ca | Freschia Gonzales
Executives urge Ottawa to act fast on defence investment to spur jobs, growth, and long-term returns By May 29, 2025 Executives from Bombardier, ATCO, and OMERS are calling on the federal government to prioritise rebuilding Canada’s defence sector.
They describe it as an overdue opportunity to drive job creation, economic growth, and long-term domestic returns.
-
1 week ago | 
benefitsandpensionsmonitor.com | Freschia Gonzales
Women delay care and miss work as gaps in benefits and healthcare deepen across Canada By May 29, 2025 Out-of-pocket caregiving costs now average more than $5,800 per year, and for some Canadians, those costs exceed $25,000, according to a May 2025 survey by Simplii Financial.
-
1 week ago | 
benefitsandpensionsmonitor.com | Freschia Gonzales
Ontario leads surge in delinquency rates while mortgage refinancing drives credit shifts in Q1 By May 29, 2025 Economic uncertainty continued to influence consumer credit use and financial stability across Canada during the first quarter of 2025, according to Equifax Canada’s Market Pulse Consumer Credit Trends and Insights report. The total consumer debt reached $2.55tn, reflecting a four percent increase year-over-year, but declined more than $6bn from the end of 2024.
-
1 week ago | 
benefitsandpensionsmonitor.com | Freschia Gonzales
Court to decide on worker compensation as benefits end and $30m brand sale moves toward approval By May 29, 2025 More than 8,300 Hudson’s Bay Co. employees will have been terminated without severance pay by the time liquidation sales end this Sunday, The Globe and Mail reports. The court-supervised wind-up marks one of the largest mass job losses in Canadian retail in years and raises significant implications for benefit and pension continuity.
-
1 week ago | 
wealthprofessional.ca | Freschia Gonzales
Tesla shares rebound as Musk pledges renewed focus after sharp April sales plunge in Europe By May 28, 2025 Tesla’s European sales fell 49 percent year over year in April, with just 7,261 vehicles sold, as reported by the European Automobile Manufacturers’ Association (ACEA).
The company’s performance sharply contrasted with a 34.1 percent increase in overall battery electric vehicle sales across the region during the same period.
-
1 week ago | 
wealthprofessional.ca | Freschia Gonzales
Tesla shares rebound as Musk pledges renewed focus after sharp April sales plunge in Europe By May 28, 2025 Tesla’s European sales fell 49 percent year over year in April, with just 7,261 vehicles sold, as reported by the European Automobile Manufacturers’ Association (ACEA).
The company’s performance sharply contrasted with a 34.1 percent increase in overall battery electric vehicle sales across the region during the same period.
