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abdoudz CIBC and CIBC Global Asset Management launched three new mutual funds Monday: the CIBC All-Equity Growth ETF Portfolio, Avantis CIBC International Equity ETF Fund and Avantis CIBC All-Equity Asset Allocation ETF Fund. The funds provide access to existing ETF strategies through mutual fund structures.

AdobeStock / StudioPixel2 Fund intelligence company Fundbeat Inc. has launched in Ottawa, offering fund companies analysis of competitors’ public communications, including press releases, articles and webinars, the company announced in September. Fundbeat compares the volume and differentiation of a fund company’s communications with those of its competitors.

istockphoto Each week, we summarize notable moves across the financial industry. Rob Tétrault has joined Wellington-Altus Private Wealth as a senior wealth advisor and portfolio manager after more than eight years with Canaccord Genuity Wealth Management Canada. He brings a team with him that includes portfolio manager Adam Hague, senior financial planner Adam Buss, senior investment advisor Derrek Funk and investment advisors Tania Tétrault, Rémi Laurencelle and Devon Bailey.

iStockphoto/erhui1979 Shifts in the fixed income market can be difficult to explain to clients. Bonds are more complicated than stocks, and changes in yields can be good news for some investors and bad news for others. The selloff we’ve seen this year hasn’t helped. Coverage has been largely negative (including here), which can add to investor anxiety. The reality is more nuanced, of course.

AdobeStock / Creativa Images Canadian investment manager, ethical business proponent and philanthropist Stephen Jarislowsky, known as “Canada’s Warren Buffett,” has died. He was 101. Jarislowsky, who was born in Germany in 1925, founded Jarislowsky Fraser & Co. from scratch in 1955 and built the Montreal firm into what was at one point Canada’s largest pension fund manager.

The labour market stalled for a second month in a row in September, pushing back on calls for interest rate hikes from the Bank of Canada. Statistics Canada said Friday the economy lost 68,000 positions in September, coming off a loss of 42,000 roles in August. Economists had expected a gain of 9,200 jobs in the month. Statistics Canada said job losses were nearly evenly split between full- and part-time work and were concentrated in the public sector.

iStockPhoto BMO, CIBC and Scotiabank have joined Project Agorá, a global initiative exploring the use of tokenization to improve wholesale cross-border payments, the banks announced separately on Sep. 29. Convened by the Bank for International Settlements and the Institute of International Finance, the project brings together eight central banks and more than 40 financial institutions to develop a platform connecting tokenized commercial bank deposits and central bank reserves.

AdobeStock-Monkey-Business A business-owner client who sells to a corporation owned by an adult child can now claim the lifetime capital gains exemption on the sale — $1,275,000 for 2026 — under the intergenerational business transfer rules in section 84.1 of the Income Tax Act. The accountant will structure it. What the structure assumes, and what the advisor is often the first person positioned to test, is that the client will leave the business and stay gone for three to five years.

An initial review of securities industry firms’ use of AI tools has raised concerns about their governance and controls. In the latest annual report from the Ontario Securities Commission’s (OSC) Registration, Inspections and Examinations (RIE) division, the regulator provides a glimpse into the results of its review of the industry’s use of AI — which aimed to give the regulator insight into how firms are using AI tools and their due diligence processes, oversight and training in this area.

AdobeStock / luzitanija Jill had spent years building her retirement savings in Canada. Then she started thinking about what would happen to that money after she was gone. She lives in Canada and has built a substantial retirement portfolio, including a Canadian RRIF. Her son, Jack, lives in the United States. Like many parents, Jill assumed that if she named Jack as the beneficiary of her RRIF, the account would simply pass to him when she died. But the answer is not that simple.