Your WP Morning Briefing brings you a daily update of the stories we’re covering at WealthProfessional.ca including:

Billionaires say it’s their duty to ‘lead the way’ on positive impact 

IG Wealth announces partnership to drive mortgage business

US equity futures swing as Fed decision is anticipated 

Is your business one of Canada’s top brokerages? Wealth Professional Canada opens its entries for its 5-Star Brokerages 2023, celebrating teams that have overcome the challenges to set themselves apart from their competitors. Enter before December 16, 2022. 

These stories in full at wealthprofessional.ca and in our newsletters, plus: Canadians' financial fears grow as recession is expected; New year, more taxes: Canadians' take-home income to drop by up to $305 on January 1; and What lies ahead for Canada’s ETF industry in 2023?

Your WP Morning Briefing brings you a daily update of the stories we’re covering at WealthProfessional.ca including:

As the crypto industry is trying to recover its reputation – and value – following the dramatic collapse of the FTX Exchange, officials in Canada and the US are ramping up the pressure.

What will happen to Canadian house prices in 2023? It’s a big question for homeowners including investors in residential real estate.

The Bank of Canada said it’s more worried about not raising interest rates high enough to quell inflation than it is about inflicting additional economic pain.

Is your business one of Canada’s top brokerages? Wealth Professional Canada opens its entries for its 5-Star Brokerages 2023, celebrating teams that have overcome the challenges to set themselves apart from their competitors. Enter before December 16, 2022. 

These stories in full at wealthprofessional.ca and in our newsletters, plus: Investors’ conviction in Cathie Wood’s ARK Innovation is waning; BC advisor permanently barred for misappropriating funds; and viewing World Cup success through an indexing lens.

Your WP Morning Briefing brings you a daily update of the stories we’re covering at WealthProfessional.ca including:

Calls for Canada’s banking regulator to take a softer stance on mortgage lending have been rebuffed by its chief.

After a year of underperformance, Big Tech and crypto could see a boost as retail investors express their intentions to invest in the beaten-down assets in the new year, a recent study found.

While some Canadians will be easing back on holiday spending this year, many more will be keen to enjoy the festivities even if budgets are squeezed. 

Is your business one of Canada’s top brokerages? Wealth Professional Canada opens its entries for its 5-Star Brokerages 2023, celebrating teams that have overcome the challenges to set themselves apart from their competitors. Enter before December 16, 2022. 

These stories in full at wealthprofessional.ca and in our newsletters, plus: Equity hedge can offer protection against shocks by reducing a portfolio’s volatility;  Blueshore Financial advisor offers tips for helping the ‘club sandwich generation’ with multiple responsibilities; and could battered U.S. stocks, a tax-loss selling favourite, come back in January?

Your WP Morning Briefing brings you a daily update of the stories we’re covering at WealthProfessional.ca including:

Investors who want to make informed choices about the companies they invest in will struggle to find reliable data from Canadian firms.

More than half of Canadian businesses in a recent Statistics Canada survey took on government-sanctioned pandemic loans during the COVID-19 crisis, which many are finding hard to pay back.

Study reveals that Canadians are lagging most other industrialized nations in the number of paid leave days they get.

Is your business one of Canada’s top brokerages? Wealth Professional Canada opens its entries for its 5-Star Brokerages 2023, celebrating teams that have overcome the challenges to set themselves apart from their competitors. Enter before December 16, 2022. 

These stories in full at wealthprofessional.ca and in our newsletters, plus: Recession risk might present fresh investment opportunities says IG Wealth; a Big Six bank says Macklem could have stopped interest rates at 2.5% barring COVID aid; and in our Other Life feature, how running has changed one PM’s life – and will help him save babies, too.

Your WP Morning Briefing brings you a daily update of the stories we’re covering at WealthProfessional.ca including:

Many economists were expecting the Bank of Canada to hike interest rates Wednesday, but not necessarily by the 50 basis points it decided on.

There could be a significant slowdown in the Canadian labour market in the coming months with a jump in unemployment.

As their current allocation to alternatives is well over their expectations, hedge funds are seeing a large volume of investor redemption. 

Is your business one of Canada’s top brokerages? Wealth Professional Canada opens its entries for its 5-Star Brokerages 2023, celebrating teams that have overcome the challenges to set themselves apart from their competitors. Enter before December 16, 2022. 

These stories in full at wealthprofessional.ca and in our newsletters, plus: What the BoC rate hike means for HELOC and variable-rate mortgages; the CFP Board warns unqualified advisors to limit crypto advice; and Harbourfront names new Director of Financial Planning and Analysis.

Your WP Morning Briefing brings you a daily update of the stories we’re covering at WealthProfessional.ca including:

With 2023 fast approaching, investment firms are taking their best shot at weighing up the likely challenges ahead.

More than three quarters of institutional investors are expecting average returns of 7.9% in 2023, despite several challenges.

An Angus Reid Institute poll reveals that more than half of Canadians expect to spend less money on Christmas this year.

Is your business one of Canada’s top brokerages? Wealth Professional Canada opens its entries for its 5-Star Brokerages 2023, celebrating teams that have overcome the challenges to set themselves apart from their competitors. Enter before December 16, 2022. 

These stories in full at wealthprofessional.ca and in our newsletters, plus: Raymond James enters deal to acquire Solus Trust; mega-investment in cyber defense could boost cybersecurity ETFs; and ‘It’s the people who make the difference,’ says transitioning advisor.

Your WP Morning Briefing brings you a daily update of the stories we’re covering at WealthProfessional.ca including:

New stats from Equifax Canada reveal a 7% year-over-year increase in the total owed by consumers at $2.36 trillion.

Your business-owner clients now have the ability to reduce the cost of accepting credit card payments – but should they use it?

The cost of groceries is expected to increase by up to 7% in 2023 in Canada and food prices will continue to climb in the coming year, recent research revealed.

Is your business one of Canada’s top brokerages? Wealth Professional Canada opens its entries for its 5-Star Brokerages 2023, celebrating teams that have overcome the challenges to set themselves apart from their competitors. Enter before December 16, 2022. 

These stories in full at wealthprofessional.ca and in our newsletters, plus: Jail sentence ends a decade on the run for ‘tax protester’ scheme fugitive; Why the market is more worried about the banks than the analysts are; and for the vast majority of donors, trust in charities is important.

Your WP Morning Briefing brings you a daily update of the stories we’re covering at WealthProfessional.ca including:

Canadian ETF inflows in November posted their best month since March and their third highest of 2022.

The assets controlled by the world’s 100 largest asset managers grew 9% in the year to the end of 2021, down from 16% growth in the prior year. 

Is your business one of Canada’s top brokerages? Wealth Professional Canada opens its entries for its 5-Star Brokerages 2023, celebrating teams that have overcome the challenges to set themselves apart from their competitors. Enter before December 16, 2022. 

These stories in full at wealthprofessional.ca and in our newsletters, plus: Aviso Wealth and CapIntel establish a new strategic relationship; What can we expect in Canada’s ESG fund landscape in 2023? And what are your best portfolio bets in an impending recession with high inflation?

Your WP Morning Briefing brings you a daily update of the stories we’re covering at WealthProfessional.ca including:

Canada’s banks are spending 1.9% more on bonuses for fiscal 2022 than they did a year earlier, despite a dramatic slowdown in investment-banking activity, as they try to retain talent in the hope of a recovery in the year ahead.

Based on a narrow majority of economists polled by Reuters, the Bank of Canada will raise its benchmark interest rate by 50 basis points to 4.25% on December 7, and then suspend its nine-month tightening campaign.

There is an opportunity for advisors to engage with those who may be attracted to alternative investments.

Demand for improved ESG risk assessment data has prompted an upgrade for Morningstar Sustainalytics.

Is your business one of Canada’s top brokerages? Wealth Professional Canada opens its entries for its 5-Star Brokerages 2023, celebrating teams that have overcome the challenges to set themselves apart from their competitors. Enter before December 16, 2022. 

These stories in full at wealthprofessional.ca and in our newsletters, plus: RBC deal with HSBC Canada could come with a bonus; charitable gifts are the preference of most Canadians rather than a traditional present this year; and how can private debt investors gain from rising-rate pain?

The future presents challenges as well as opportunities and Frank Laferierre, COO of Mandevill Private Client Inc, speaking at the 2022 Mandeville Advisor Conference in Banff, Alberta, believes there are three main paradigms in flux: demographic change; the technology explosion and the onset of web 3.0; and ongoing regulatory changes.