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Canaccord acquires Wood Gundy advisory team with $1B in client assets 

The acquisition also marks the launch of Canaccord’s Ottawa office

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CPP Investments earned 3.6% return in Q2

Net assets rose to $675.1 billion in the quarter

Aerial drone view of petrol industrial zone or oil refinery in Yaroslavl, Russia during sunset time.

Energy experts think Donald Trump will make tariff exemptions for Canadian oil

The Canadian Chamber of Commerce said a tariff could rip $30 billion out of the national economy

Bull market

A ‘golden age of stock picking’: Belski

Look for companies with improved balance sheets

  • By: IE Staff
  • November 13, 2024 November 13, 2024
  • 17:08
CRA signage

CRA doubles number of identified global high-wealth groups over 5 years

CRA has identified more than 2,500 groups that belong to the GHW population

Alberta NDP government rejects proposed national securities regulator

Deputy minister appointed interim CEO of AIMCo after Alberta government fires board

A full-time chair will be appointed in December, followed by a new board

Piles of coins

Canaccord posts $16.9 million profit in Q2

The firm’s global wealth management business earned $216.5 million

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Former TD employee indicted for distributing customer data on Telegram

The employee worked in the bank's anti-money laundering department

The legislature in Alberta

Alberta government fires AIMCo board

Province cited rising management fees, poor performance in its decision

Federal Reserve building

Fed cuts its key interest rate by quarter-point amid post-election uncertainty

Rate cut follows larger half-point reduction in September

The facade of the Royal Exchange in the City of London

BoE cuts interest rates again despite modest budget-related inflation spike

Latest cut comes after inflation fell to an annual rate of 1.7% — U.K.'s lowest level since April 2021

Great-West Lifeco nets $859M in third-quarter earnings

Insurer posted record base earnings topping $1 billion

Manulife head office building in Toronto, Canada. Manulife is a Canadian multinational insurance company.

Manulife reported $1.8B in net earnings for Q3

Insurer’s Canadian core earnings up 4%

Elephant donkey

Advisors talk Trump, politics and investing post–U.S. election

No one can predict what markets will do over the next four years, but there are items to watch

crypto

Trump win ignites crypto frenzy, sends bitcoin to record high

Bitcoin climbed above $75,000 and smashing its previous record set in March

Stock markets going up and down

IA reports $288M third-quarter net earnings

Insurer had $1.3 billion in gross seg fund sales

Sun Life logo on a building

Sun Life earns $1.35 billion in Q3

The insurer had $1.51 trillion in AUM on Sept. 30

Air raid sirens

CPA Canada reaches agreements with Ontario, Quebec on education and standards

Future of education and exam program was one of the biggest questions following split last year

Piggy bank on calculator

CRA announces CPP maximum pensionable earnings for 2025

Increase to second earnings ceiling represents last step in CPP expansion plan

Laurentian bank logo on building

Laurentian Bank names veteran exec to board of directors

Robert Ouellette has held executive positions in financial services, engineering, professional services, tech

iPad health

Tech roundup: Snap Projections launches website to serve francophone clients

Also, Blue Cross Life partners with PolicyMe for online insurance applications

trade timing

Move to T+1 both easier, and harder, than T+2

CCMA declares project a success, but not a blueprint for T+0

Manulife head office building in Toronto, Canada. Manulife is a Canadian multinational insurance company.

Manulife cuts 2.5% of its global wealth and asset management staff

The cuts come just a year after the insurer cut 250 positions in its investment management division

U.S. flag and voting stickers

Trade policy a key concern as dead-heat U.S. election nears

Economist optimistic that CUSMA will hold

  • By: Kevin Press
  • October 29, 2024 October 29, 2024
  • 12:49