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CRA resumes full range of audit activities

Agency to focus on urgent, high-dollar and strategically important audits  

Fed expands Municipal Liquidity Facility

Population thresholds have been eased

responsible investments fossil fuels oil and gas energy sector

Sustainalytics launches service to assess ‘transition bonds’

The new offering is aimed at issuers with high carbon emissions

  • By: IE Staff
  • June 3, 2020 June 3, 2020
  • 13:28

Canaccord reports ‘solid’ Q4 and fiscal 2020 results

Diluted earnings per share were up slightly year-over-year

  • By: IE Staff
  • June 3, 2020 June 3, 2020
  • 11:22

Bank of Canada keeps key interest rate at 0.25%

The central bank expects the economy to resume growth in Q3

A gavel rests on its sounding block with a several law books and a justice scale out of fucus in the background. A cool blue cast dominates the scene. (A gavel rests on its sounding block with a several law books and a justice scale out of fucus in t

Inverse ETF class action revived on appeal

An appeal court has found that a proposed case against a fund manager may be able to proceed

Shot of a stressed businesswoman sitting on the floor outside the boardroom

Ontario makes temporary change to layoff regulations to help businesses

Businesses can avoid permanent layoffs and severance payments

Upset stressed young Asian business man in suit with hands on head sitting on stairs. Unemployment and layoff concept.

Financial industry not immune to mental health challenges, survey finds

Finance and insurance workers scored lower than the overall index

B.C. launches virtual pre-budget consultations

Government unveils online consultation process amid Covid-19

AGF strikes revised deal for U.K. venture

Firm restructures deal that ran into regulatory snags and Covid-19 effects

Federal DB plans get break on solvency catch-up requirements

Finance provides a moratorium on solvency payments for 2020

Major upcoming challenge for Federal Reserve

Fed Chair Jerome Powell discussed new Main Street Lending program on Friday

CWB Financial reports Q2 profit down as provisions for credit losses soar

ATB Financial was also hit by higher loan loss provisions

Laurentian Bank’s Q2 profit fell nearly 80%

The company also cut its dividend to gain more flexibility for the business

Toronto stock market dips on weakness in the energy and financials sectors

The TSX was down just over 9 points on Thursday

TSX looks to trade sustainable bonds alongside stocks

Exchange plans to offer trading on its equities platform in Q4

Partners discussing new plans

OBSI creates consumer interest post on board

The organization is looking for a new consumer interest director

TD Bank reports $1.5B Q2 profit as provisions for credit losses top $3B

Chief executive says the bank entered the crisis from a position of strength

Near-term headwinds weighed heavily on CIBC’s Q2 profits

The bank earned $392 million, down from $1.35 billion a year ago

Covid-19 aid programs will have to end, others to be modified, Trudeau says

CERB has already paid out more than $41 billion, surpassing its $35-billion budget

Miniature House on A Financial Graph

CMHC sees declines in home prices, sales, starts that will linger to end of 2022

The more pessimistic scenario could see deferred mortgages turning into foreclosures

OSC provides update on burden reduction efforts

Investor advocates have voiced concerns about the OSC’s focus

Covid-19 rent aid for businesses, landlords to cost $520 million, PBO says

The estimate is uncertain, due to the lack of precedent for this kind of program

Royal Bank Q2 profit falls 54% as it increases provisions for bad loans

Loan loss provisions increased by $2.4 billion

BMO reports Q2 profit down from year ago as provisions for credit losses rise

The bank’s loan loss provisions totalled $1.11 billion for the quarter