Home News Industry News Page 109

Latest news in Industry News

Banks now accepting applications for third phase of CEBA

The application process has changed

  • By: IE Staff
  • June 26, 2020 June 26, 2020
  • 11:38
Couple getting financial advice

NEI is axing DSC funds

The firm cited a “falling demand” for deferred sales charge options

  • By: IE Staff
  • June 26, 2020 June 26, 2020
  • 11:37

Starlight Capital CEO discusses new initiative to combat systemic racism

Dennis Mitchell explains the story behind the Black Opportunity Fund

Fed stops big banks from buying back stock, paying dividends

The move comes as the central bank unveiled its latest stress tests

  • By: Ken Sweet
  • June 25, 2020 June 25, 2020
  • 17:06

Federal banking agencies ease Volcker Rule restrictions

The change will allow banks to make investments in various areas of venture capital

Former advisors suing Investors Group for more than $10M

The firm is alleged to have wrongfully dismissed two former advisors who were promoted to regional director roles

TSX to begin earlier data reporting

Exchange to begin distributing bid/ask data at 7 a.m.

SRO consolidation is no fait accompli, says OSC head

CSA consultation will focus on self-regulation, not necessarily consolidation

Miniature House on A Financial Graph

CMHC forecasts ‘severe declines’ in home sales

Home prices are expected to bounce back eventually, but the timing of a recovery is uncertain

Illustration and Painting

Eight more weeks of CERB to cost $17.9 billion, budget officer says

The additional cost to the program depends heavily on the outlook for the economy

New tool helps navigate Covid-19 relief benefits

Online portal breaks down all Covid-19 related benefits, including eligibility requirements

  • By: IE Staff
  • June 23, 2020 June 23, 2020
  • 12:44

B.C. to allow electronic wills

Proposed changes would allow technology to be used in drafting and witnessing

CSA reports fewer enforcement cases, monetary penalties last year

Referrals between CSA members increased in the last fiscal year

CRA lowers prescribed rates for Q3

New opportunities for tax planning come into effect on July 1

a man on a precipice

Covid-19 to leave some lasting economic damage, Bank of Canada chief says

The economic should start to rebound in Q3, but the bounce back won’t last, Macklem says

Frustrated man calculating bills and tax expenses

Taxpayer complaints return to normal: Ombudsman

Trends in complaints include unfair debt collection, processing delays

  • By: IE Staff
  • June 19, 2020 June 19, 2020
  • 13:43

PBO report puts spotlight on wealthy Canadians

Both the NDP and Green Party have called for a wealth tax

Managing client behaviours, mental health

Experts at IFB's virtual summit provide insights on financial stress and anxiety

Some provinces feeling more pain than others

Economic recovery from Covid-19 expected to be “slow and gradual”

  • By: IE Staff
  • June 18, 2020 June 18, 2020
  • 14:24

Fiera Capital goes global

Asset manager shifts from geographic to global reporting model

Prepare for the unexpected with a continuity plan

Less than one-third of advisors have continuity plans, according to research from FP Transitions

Federal deficit could hit $256 billion: PBO

The PBO estimates the economy could shrink by 6.8 per cent in 2020

Trudeau government passes confidence test with support from New Democrats

CERB has been extended by an additional eight weeks

ITG expands into agency trading

Firm's new agency desk grows its institutional trading services

Canada’s wealthiest 1% hold 25.6% of riches, new PBO report says

Last year, the PBO was asked to provide an estimate on potential revenues from a wealth tax