Latest news in Industry News

Morgan Stanley still on a shopping spree

The bank announced plans to buy Eaton Vance, an investment management firm, on Thursday

GMP Capital shareholders approve Richardson GMP deal

The transaction is expected to close within 30 days

stock market bounce back

Fed’s Powell: Lack of further stimulus imperils recovery

Too little support would create “unnecessary hardship for households and businesses,” the Fed chair says

New committee on corporate governance launches

The group will provide updated guidance on diversity and inclusion and sustainability, among other matters

  • By: IE Staff
  • October 6, 2020 October 6, 2020
  • 11:00
Hand putting Coins in glass jar with retro alarm clock for time to money saving for retirement

New formula may reduce DB plan payouts

Pension plans will use a new method for calculating commuted values as of Dec. 1

Miniature House on A Financial Graph

Toronto home sales surged 42% to set new September record

More than 11,000 existing homes were sold at an average price of $960,772

New IAFP program lets CFAs fast-track to planner designation

The organization is recognizing the education and skills that CFAs already possess

  • By: IE Staff
  • October 5, 2020 October 15, 2020
  • 11:40

Canadians with Covid-19 or caring for those with it can apply for federal money today

Applications for the new Canada Recovery Benefit open next week

Feds top up relief fund for businesses

The federal government is adding $600 million to a fund to help small- and medium-sized businesses

mature woman with tablet

Making RRIF withdrawals during the pandemic

A tax expert at the IAFP symposium discussed the factors to consider

Foresters, Canada Protection Plan amalgamate

Merger will facilitate growth through product development, tech advancements

Financial stock exchange market display screen board on the street

Outage freezes Tokyo Stock Exchange

Computer hardware failed, exchange officials say

Managers with $2.3 trillion in AUM sign anti-racism pledge

The pledge, developed by the RIA, requires signatories to address diversity and inclusion in invested companies and within their own shops

Business partnership meeting. Picture businessmans handshake. Successful businessmen handshaking after good deal. Horizontal, blurred (Business partnership meeting. Picture businessmans handshake. Successful businessmen handshaking after good deal. Ho

Bridgehouse collaborates with GQG Partners

The firm has launched two new mutual funds

  • By: IE Staff
  • September 30, 2020 September 30, 2020
  • 15:11

Insurers rethink client service

Today's challenges can be overcome with a new value proposition, a report says

  • By: IE Staff
  • September 30, 2020 September 30, 2020
  • 13:57

Financial aid for workers hurt by Covid-19 gets unanimous support in Commons

However, the federal parties raise concerns about fast-tracking emergency legislation

Montreal fintech connects firms and clients

Flinks enables retrieval of client data across multiple platforms

  • By: IE Staff
  • September 29, 2020 September 29, 2020
  • 12:01
Business partnership meeting. Picture businessmans handshake. Successful businessmen handshaking after good deal. Horizontal, blurred (Business partnership meeting. Picture businessmans handshake. Successful businessmen handshaking after good deal. Ho

GMP agrees to $40-million share buyback to settle dispute over deal

Kevin Sullivan will support the revised terms and withdraw a slate of proposed directors

  • By: Mark Burgess
  • September 29, 2020 September 30, 2020
  • 11:56
Solar farm on a rural hillside

CPP Investments goes green

The investment manager has doubled down on renewable energy

  • By: IE Staff
  • September 29, 2020 September 29, 2020
  • 11:50
Canadian Parliament Building at Dusk

PBO: Deficit on track to hit $330 billion with Covid effects lasting years

Relative to the size of the economy, the deficit amounts to 15% of gross domestic product

CRA confirms prescribed annual interest rates for Q4

The rate for family loans remains at 1%

  • By: IE Staff
  • September 25, 2020 September 25, 2020
  • 12:31
retired women

Snowbirds win legal battle to reinstate out-of-province medical coverage

A court has found that Ontario violated the Canada Health Act by revoking emergency coverage

  • By: IE Staff
  • September 25, 2020 September 25, 2020
  • 11:20

Could regtech be the answer to your client service woes?

In a webinar, industry participants discussed innovation in regulatory technology

Business partnership meeting. Picture businessmans handshake. Successful businessmen handshaking after good deal. Horizontal, blurred (Business partnership meeting. Picture businessmans handshake. Successful businessmen handshaking after good deal. Ho

TMX to acquire AST Investor Services (Canada) for $165M

The transaction is expected to close within six to 12 months

Liberals propose upping value of new Covid-19 benefits to match sunsetting CERB

Proposal would boost benefits to unemployed workers to $500 per week