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Confidence in the Canadian economy has fallen significantly among businesses according to the people who manage their finances.

Homeowners with variable-rate mortgages may be squeezed even more next week, according to mortgage brokers. 

Sharp declines await US stocks in the first half of 2023 against the backdrop of a mild recession and Fed rate hikes, say JPMorgan strategists.

The way that the Canadian government treats lower-income families who want to improve their finances is unfair says a new report.

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: CRA seeks to recoup billions in questionable COVID-19 relief payouts; Tough questions ahead in financial planning industry’s tech journey; and how one female financial advisor forged a new beginning.

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

Canada’s latest economic growth data showed signs of softening, but there are still positives to take from the stats.

Despite some concerning outlooks for the Canadian housing market in the coming months, most people remain positive about investing in residential real estate.

According to recent Research Co. research, a staggering 50% of Canadians claimed that financial worries make it difficult for them to sleep each night. 

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: private credit managers still looking forward to 2023; charitable contributions may decline because of ESG-driven philanthropy; and product manager Donna Bristow describes Broadridge’s innovative and flexible wealth management platform.

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

HSBC has agreed to sell its HSBC Canadian business to RBC for a base cash consideration of $13.5 billion. 

While some homeowners could see the value of their asset slump by almost a third according to some analysts, one cohort will be largely immune.

Most Canadians (61%) think there are obstacles that prevent them from feeling in control of their finances, according to a new study from Interac.

In fact, nearly eight in 10 family business owners are developing a succession plan or expecting to transition the business to the ‘next gen’ within three years, according to research from KPMG in Canada.

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: as market turbulence hits profits, Canadian banks seek loan growth; Are longevity fund solutions going to change the retirement income game?  and ‘We have to let go of the concept that we can have it all,’ says an industry leader.

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

Wherever there is the potential to make a fast buck, scammers will be lurking – and that includes major sporting events. 

A survey of market experts predicts once-hot Canadian house prices to drop a total of 17.5% from their high, about double the decrease during the 2008–2009 financial crisis, in a downturn that is already well begun.

Continuing negative economic conditions are likely to result in a challenging year for asset managers in 2023, although those focused on alternatives will be most resilient.

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 could investors expect from the next bull market, according to AGF’s CEO; global investment gets easier for Canadians with new CDRs; and the SVP of Group Retirement Services at Sun Life discusses key trends and solutions.

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

A new white paper sets out some key actions that should be taken to boost the financial wellness of Canadians in retirement.

The Canadian Securities Administrators (CSA) has officially declared its recognition of the New Self-Regulatory Organization of Canada (New SRO).

Manulife Financial Corp. is eliminating about 50 jobs in the US and Canada as part of a plan to outsource some real estate operations and focus more on investing.

Putting financial pressure on executives at large companies to achieve ESG outcomes is a growing trend that is set to endure.

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: despite a Q3 lull, venture capital activity remains above the historical average; Small businesses head into the holidays with record-low confidence; and asking ‘why?’ to learn people’s values will help more accurately position your business.

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

Wealthy Canadians may not have the same immediate challenges from the current economic environment as those less well-off, but the impact is real.

Canadians are seeing the cost of servicing their debts rise as everything from mortgages to personal loans are impacted by the Bank of Canada’s rate hikes.

Warren Buffett donated Berkshire Hathaway Inc. stock valued at more than $758 million to charities, including one named after his late wife.

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: the responsible investment industry is in the midst of remarkable evolution; BC to target a source of luxury wealth in money laundering crackdown; and is it the right time for enhanced ETFs?

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

Canada’s economy recorded a flurry of activity last month, according to preliminary data, potentially casting doubt over the extent of an expected slowdown in the fourth quarter.

Investors continued their exodus from Canadian mutual funds in October, while boosting their holdings in exchange-traded funds (ETFs).

How do current and recent provincial premiers shape up against each other for their fiscal management?

Most Canadians prefer to invest their money in the stock market, new survey reveals.

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 who invested in cannabis suffer huge losses; unpacking the current growth prospects in the alternatives space; and how advisors can help business clients become ESG leaders.

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

Canada’s house prices are continuing their downward journey and have a lot further to fall according to a leading index.

Smith Financial, the family holding company of First National Financial Corp. co-founder Stephen Smith,  has made a $1.7 billion bid to acquire mortgage lender Home Capital.

The world could face a diesel shortage in a significant blow to economic growth.

Clients are demanding more from their financial services providers and want their customer experience journey to be more joined up.

The wealth industry needs to be bold if it’s going to find its footing to serve women, said one of the women leaders presenting at the Women in Wealth online summit on Dec. 6. REGISTER NOW.

These stories in full at wealthprofessional.ca and in our newsletters, plus: Stock options donated to charity are taxable income, Canada’s top court rules; more than $1 billion in pandemic-related benefit repayments are still due; and most Canadians want more education on financial fraud and cybersecurity awareness according to a Scotiabank poll.

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

Foreign investors have retreated from Canadian securities in their biggest pull-back since December 2018.

According to a report from Bloomberg, the survey of 179 North American family offices showed private equity outperforming all other investments. 

With little more than a month until the end of a volatile and uncertain year for investors, hopes of a brighter 2023 are growing.

The wealth industry needs to be bold if it’s going to find its footing to serve women, said one of the women leaders presenting at the Women in Wealth online summit on Dec. 6. REGISTER NOW.

These stories in full at wealthprofessional.ca and in our newsletters, plus: the Government of Canada decides to stop issuing real return bonds despite investors’ need; don’t wait for the season to do tax-loss harvesting, says a veteran investment advisor; and are we nearing the end of ESG’s growing pains?

Michael Lee-Chin, President and Chairman of Portland Holdings Limited., and CEO and Chairman of its investment dealer, Mandeville Private Client Inc., has signed a memorandum of understanding (MOU) with Canadian Nuclear Laboratories (CNL) to collaborate in the development of health sciences, clean energy, and environmental responsibility.  He explains the significance of the partnership to WP – and how Mandeville advisors and end clients will benefit. This video was produced in partnership with Mandeville Private Client Inc.