Latest news in Industry News

Feds to create EI for gig workers, extend rent relief for biz

EI-like benefit scant on details but comes as the CERB program winds down

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Canadian angel investing set a 10-year record

In 2019, angel investors put up $163.9 million across 299 investments

  • By: IE Staff
  • July 31, 2020 July 31, 2020
  • 12:37

U.S. consumer spending rose 5.6% in June

Americans who have applied for unemployment has topped 1 million for 19 straight weeks

GMP Capital reports Q2 loss

Richardson GMP reports $28.3 billion in AUA

CI Financial adds to its U.S. wealth business

RIA with US$440 million in AUM acquired via CI subsidiary OCM Capital

Canada Emergency Response Benefit could result in taxes owing

Tax experts offer CERB tips

Modern urban skyscrapers in downtown Chicago from below to the blue summer sky. Sun reflecting in the glass facades of the urban futuristic buildings. Chicago, Illinois, USA

TD and RBC extend work from home policy for most staff until 2021

Scotiabank has also announced plans to keep workforce at home

IA Financial’s profits rebound in Q2

Sales of individual insurance and guaranteed products were up

Empire Life posts mixed Q2 results

The insurer reported common shareholders' net income of $48 million in Q2

  • By: IE Staff
  • July 30, 2020 July 30, 2020
  • 12:27

Most clients should wait to claim CPP payments: report

A report from the Canadian Institute of Actuaries looks at claiming CPP at age 70 vs age 65

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

Agora partners with Pascal Financial

With the deal, Agora aims to strengthen its cloud-based wealth management platform

  • By: IE Staff
  • July 29, 2020 July 29, 2020
  • 12:14
Piggy bank with national flag of Canada

Returns for DB pension plans surged in Q2

Market gains were driven by feds' economic intervention, says RBC report

Clients hope to maintain new communication methods post-pandemic, finds survey

Advisors may also want to consider leveraging social media

  • By: IE Staff
  • July 29, 2020 July 29, 2020
  • 11:44
woman working from home

Sun Life becomes minority owner of Montreal-based telemedicine biz

Dialogue Technologies Inc. provides virtual healthcare

Federal Reserve extends lending programs through year-end

The announcement comes as the U.S. struggles to control the coronavirus

Deutsche Bank says it won’t back new oilsands or coal projects

The moves are part of a commitment to align credit portfolios with the Paris Agreement

CRA extends tax payment deadline to Sept. 30

The tax relief is for Canadians struggling with financial issues due to Covid-19

Goldman Sachs and Malaysia reach US$3.9B settlement over 1MDB

Criminal charges against the bank have been dropped in the deal

Shot of a group of young businesspeople using a laptop during a meeting in the boardroom of a modern office

Firms push new tech as advisors build post-pandemic businesses

Covid-19 has accelerated changes that were already underway, advisors said

RBC powers up its AI with new partnerships

The bank has partnered with tech companies Red Hat and NVIDIA

TMX seeks to overhaul trading at the close

Proposed reforms to improve trading, liquidity in critical final minutes

CPP Investment Board updates sustainability policy

The Canada Pension Plan's board last updated its ESG views a decade ago

Some older personal finance rules may no longer apply, experts say

Should you always save 10% of your income? Maybe not.

Mercer Canada appoints wealth business leader

Teresa Palandra will be responsible for wealth management, retirement services

  • By: IE Staff
  • July 22, 2020 July 22, 2020
  • 12:15

With genetic non-discrimination upheld, life agents must consider what they ask clients

The Supreme Court ruling means it's time to revisit your client conversations

  • July 22, 2020 July 22, 2020
  • 11:46