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TD bank. stock photo

TD’s racial equity audit a significant first step, but incomplete: shareholder

The B.C. union that requested the audit says it hopes to see further analysis

Fintech roundup: Firms partner up to bolster wealth management services

FusionIQ has a new compliance partner, while Croesus works with Mako on KYC

Hands counts money on American flag background

Investors reduced foreign equities holdings in October: StatsCan

Foreign investors sold Canadian securities, while Canadians divested U.S. stocks

Modern office building close up in sunlight

Canada’s biggest banks come in at bottom of low-carbon finance ranking

National Bank was a notable outlier

This picture says the development of economy, successful, and achievement

Scotiabank plans to add branch advisors, expand product reach

Key executives' presentations during the bank's 2023 investor day unveiled new strategies and initiatives

  • By: Katie Keir
  • December 14, 2023 December 14, 2023
  • 17:15
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 Group buying 78% stake in VettaFi

The TSX operator acquired a 22% stake in the company earlier this year

The facade of the Royal Exchange in the City of London

BoE holds interest rates at 15-year high despite worries about the economy

Monetary policy to remain "restrictive for an extended period of time," the Bank of England governor said

Eurotower in Frankfurt am Main before sundown

ECB keeps its key interest rate at a record high. Now, when will it cut?

Rate cuts aren't around the corner, the European Central Bank suggested

New certificate in wealth management to provide pipeline of support staff

George Brown College offers practical program in collaboration with industry firms

Scotiabank

Scotiabank could exit some foreign markets

CEO Scott Thomson said the bank will direct about 90% of incremental capital to its Canadian, U.S. and Mexico markets

Climate change board

Corporate emitters commit to disclosures but lack clear plans: report

The mixed results show firms still have a long way to go to meet Paris Agreement targets

Higher rates could lead to new products, more premium revenue for lifecos: DBRS Morningstar

While the 2024 outlook is stable, the rating agency warned about impairments from private credit and real estate investments

New penalty remains as GAAR legislation tabled

Officials have no room to distinguish between cases driven by aggressive tax planning and those involving legitimate uncertainty

money growing on tree

Wellington-Altus focuses on growth with latest capital injection

Firm says $40-million investment from Cynosure will help attract top advisors

Building under construction

Surge in newcomers putting pressure on inflation via housing demand: BoC official

All levels of government must work together to reduce barriers to building more homes, deputy governor said

finding your niche

How to run an airtight practice that protects clients and yourself

Find ways to excel at the basics, panellists suggested at a CFA Society Toronto event

  • By: Katie Keir
  • December 7, 2023 December 7, 2023
  • 14:11
Laurentian bank logo on building

Laurentian Bank says profit fell in Q4

Bank cuts 2% of staff, will revamp its strategic plan

FINTRAC levies $1.3-million penalty against CIBC

The fine is the second announced this week, after RBC was also penalized

handing a folded heart from one hand to another

What to know about making year-end donations

Clients looking to make a large donation might want to do so before proposed changes to the alternative minimum tax become effective

Lifetime capital gains exemption to top $1M in 2024

Starting next year, LCGE on sale of small biz shares and farm or fishing property will match

Modern office building close up in sunlight

Banks focus on staff cuts, provisions for bad loans in Q4

The two dominant themes emerge ahead of an uncertain 2024

Bank Of Montreal Branch stock photo

BMO sees higher cost savings ahead thanks to Bank of the West, cuts to real estate

The bank expects synergies of US$800 million — up 20% from a previous estimate

Fed’s Powell notes inflation is easing but says further progress is needed

Federal Reserve expected to hold interest rates at December meeting

National Bank reports Q4 profit up from year ago, raises quarterly dividend

Profit in wealth management was down 20%

Banks report higher provisions for bad loans, focus on expenses as economy slows

CIBC, RBC, Scotiabank and TD have all cut staff this year