The proposed amendments would dismantle that distinction entirely. A regulatory priority since CIRO’s formation Harmonizing advisor compensation was identified as a key integration priority in CIRO’s 2027 Annual Priorities and is embedded in its three-year Strategic Plan. Alexandra Williams, Senior Vice-President, Strategy, Innovation and Stakeholder Protection at CIRO in Toronto, said the proposals reflect the […]
Tapping P3s to build express lanes, bridges and port facilities frequently rely on issuing private activity bonds with the resulting debt serviced by tolls and user fees. Bloomberg News The race towards passing a surface transportation reauthorization bill before the end of the fiscal year is seeing the Senate running behind the House as the notion […]
On the corporate side, FSRA alleges that Capitis contravened the MBLAA and its regulations in the operation of its mortgage administration business — specifically, that the company misused its trust account and mishandled mortgage funds, contrary to sections 23(1), 35, and 37 of Ontario Regulation 189/08. Those provisions set out strict requirements for how mortgage […]
Monthly sales growth at Costco slowed in June — a sign that even one of retail’s strongest operators isn’t immune to the economic realities that have consumers rattled. Costco reported late Wednesday that total June sales rose 10.6% year over year to $29.4 billion, coming in slightly below expectations. Drilling down on June comparables in […]
The Chapter Buildings in Seattle’s University District traded June 30 after their owners surrendered the newly completed office and life science campus through a deed in lieu of foreclosure, according to the Puget Sound Business Journal. Bank OZK took ownership of the development after the borrowers transferred the buildings to satisfy a $196 million loan secured in 2022, according to King […]
Mortgage rates moved higher this week, as Treasury yields moved off of last week’s low as investors had concerns not just over the Iran ceasefire but also inflation. Processing Content The 30-year fixed rate mortgage averaged 6.49% as of July 9, the Freddie Mac Primary Mortgage Market Survey reported. This was up from last week […]
If you’re a retirement planner, you’ve probably spent plenty of time working through key decisions — when to start tapping your savings, what withdrawal rate to use, and when to sign up for Social Security. You may also be aware that healthcare tends to be one of the biggest expenses for seniors, and that you […]
Kevelyn Guzman (pictured top), regional vice president at Coldwell Banker Warburg in New York, was born and raised in Manhattan and has been with the firm since 2008. She said the pied-à-terre effect has been causing property owners to pick up the phone. “Inventory is still low,” Guzman told Mortgage Professional America. “However, ever since […]
Cumberland Advisors’ Executive Vice President John Mousseau said the expanding number of Florida charter schools may have contributed to the financial problems some are experiencing. Cumberland Advisors Florida charter schools haven’t escaped the growing trend of charter schools nationally entering default and impairment, data and analysts indicate. Processing Content Nationally, charter school bonds posted the […]
The acquisition gives National Bank Trust a local foothold in British Columbia’s estate and trust market as the bank continues to build out its wealth management capabilities outside Quebec.