Home News Industry News Page 14

Latest news in Industry News

Bank of Canada headquarters

BoC expected to hold interest rates this week

Many forecasters anticipate the first rate cut to come midyear

Stethoscope on money

P.E.I. budget projects $85-million deficit, increase in health-care spending

The province has budgeted $72.7 million for housing

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

Richardson Wealth adds retention bonuses for advisors

The bonuses will total $15.2 million for advisors who stay until at least November 2026

Hand holding home buying house

CMHC ends first-time homebuyer incentive

The first-time home buyers' tax credit is unaffected

Toronto pension firm sues Scotiabank over pension plan for doctors

Claim for $700M alleges Medicus Pension Plan was built on confidential information

IRS tax

IRS cracks down on wealthy ‘non-filers’

Move is the latest in a series of campaigns aimed at high-wealth individuals

Nova Scotia indexes its tax brackets

Provincial budget states the move will save taxpayers $160 million a year by 2028

Health, education come out ahead in restrained Alberta budget

Total spending is forecast to rise by 3.9% increase from last year

  • By: Bob Weber
  • March 1, 2024 March 1, 2024
  • 09:17
TD bank. stock photo

TD fast-tracking efforts to fix anti-money laundering deficiencies: CEO

The bank reported a first-quarter profit of $2.82 billion, up from $1.58 billion a year earlier

CIBC reports $1.73 billion Q1 profit as mortgage concerns ease

Company says fears of impaired loans in its U.S. office portfolio have also been sorted out

Investors wary of AI for investment decisions: survey

They want investment firms to be transparent about the use of AI and smart about mitigating risks

RBC reports $3.58B Q1 profit, with provisions for credit losses up

The bank's wealth management arm earned $606 million, down from $830 million a year earlier

National Bank

National Bank reports $922M Q1 profit, up from $876M a year ago

Revenue for the quarter totalled $2.71 billion, up from $2.56 billion in the same quarter last year

Identity, mortgage fraud on the rise: Equifax survey

Fraudsters take advantage of economic vulnerabilities, credit reporting agency says

hands holding planet

Pension funds improving modestly on climate but still too slow: report

Shift report downgrades CPPIB, gives AIMCo worst grade

Scotiabank reports Q1 profit up as recession fears clear

The bank doesn't see a pickup in Canada until later this year

Bank Of Montreal Branch stock photo

BMO reports revenue and profits constrained by “challenging economic backdrop”

Wealth management earned $240 million, up from $159 million a year earlier

Wealthica offers consolidated reporting for family offices

The platform also launched a cost base calculator

plan idea

BMO Insurance refines its underwriting questions

Targeted questions, simplified requirements are part of the changes

  • By: IE Staff
  • February 26, 2024 February 26, 2024
  • 15:43
Building graph

CI Financial reports $63.5M loss in Q4

Firm announces bid to repurchase up to $85 million of its shares

Indigenous firms, First Nation to create investment dealer with Scotiabank

Over time, the bank intends to reduce its controlling stake

B.C. to introduce home flipping tax

Province's election budget boosts family benefits as deficit soars to $7.9B

Saskatchewan legislative assembly

Saskatchewan to spend extra $750M this fiscal year

Opposition calls for transparency

CRA signage

CRA announces prescribed rate for Q2

Agency confirms the interest rate Canadians must pay on overdue tax will remain 10%

work from home

$5.2 billion in home office expenses claimed last tax season

CRA has indicated that employees who worked from home in 2023 by choice can claim employment expenses