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Grads entering weak markets face long-term effects, lower earnings

Impact on salary lingers for a decade, TD Economics report says

When your client wants to boost RRSP savings with a loan

Financial advisors, planners weigh in on the risks of borrowing to invest

Frustrated man calculating bills and tax expenses

CRA to charge 10% interest on overdue tax through first half of 2024

Prescribed rate for the second quarter of this year to match first quarter rate

A bear rests on top of a downward pointing stock chart.

Canadian CEOs embracing AI amid economic pessimism

Chief executives realistic about AI risks and the need to retrain workers, PwC survey finds

China flag

China Evergrande has been ordered to liquidate. The real estate giant owes over $300 billion

China Evergrande Group is among dozens of Chinese developers that have collapsed since 2020

Modern office building close up in sunlight

Canadian Western Bank plants flag in Toronto’s financial district

Edmonton-based firm looks to draw business-owner clients from the big banks

social media

CFA Institute targets questionable advice from finfluencers

Regulators could create public reports on complaints about finfluencers, Institute recommends

100-dollar-bill

U.S. inflation slowed in December

The latest data suggests the American economy is achieving a difficult “soft landing”

Frankfurt, Germany - November 09, 2020: European Central Bank ECB, EZB headquarters at Eastend Frankfurt, Germany. The European Central Bank (ECB) is the central bank of the Eurozone. Close-up of the logo in front of the building.

Not so fast on interest rate cuts, says European Central Bank

The bank left its benchmark rate unchanged at a record-high 4%

Tiff Macklem

Bank of Canada holds key interest rate at 5%

The central bank is still open to more rate hikes if inflation doesn’t co-operate

right or wrong choice

CIRO approved as credentialing body under Ontario title protection

Improved proficiency for financial advisors still on the table amid persistent demand

Magnifying glass on documents

Corporate transparency legislation now in force

The new requirements could surprise small businesses that aren't used to making these types of disclosures

Italian financial software firm buys Nest Wealth

Objectway sees the Toronto-based fintech firm as an "ideal fit" as it looks to expand

Couple getting financial advice

Payment deadline nears for prescribed-rate loans

A late payment will thwart the income-splitting opportunity associated with the strategy

Blackstone buys Toronto rental development company

Tricon Residential will go private in a US$3.5-billion deal

Charts and graphs

TD expects $141M from Schwab holdings as U.S. banks report earnings

Adjusted net income estimated to drop 30% from previous year

Former BMO execs Andrew Auerbach and Jean Blacklock launch investment counsel firm

New practice aims to differentiate with therapeutic approach to planning

What happens if FSRA finds a life agent unsuitable

The Ontario regulator discussed proposed licensing suitability guidance during a webinar on Wednesday

Deadline to receive partial CEBA loan forgiveness looms for Canadian businesses

Almost 900,000 businesses received an interest-free CEBA loan during the pandemic, securing up to $60,000

deal making

AGF buying majority stake in alternative investment firm Kensington Capital

Kensington will maintain its investment and operational independence, receive strategic support

Banks upbeat on U.S. consumer despite bank profit declines, inflation and rising debt levels

Citigroup said Friday that it's cutting 20,000 jobs, roughly 10% of its workforce

  • By: Ken Sweet
  • January 12, 2024 January 12, 2024
  • 14:51
Bitcoin cyptocurrency

Canadian bitcoin ETFs face price pressure after U.S. approvals

Fidelity is reducing the management fee for its Canadian bitcoin ETF

announcement

Wellington-Altus adds new advisor-focused executive role

Steph Condra, coming from BMO Private Wealth, will pick up where former president Jordy Chilcott left off

  • By: Katie Keir
  • January 10, 2024 January 10, 2024
  • 09:02
A black couple are in a meeting with their financial advisor. They are devising a financial plan to send their kids to university at their kitchen table.

Clients stick with advisors because of personalization: survey

In-person meetings are still the most preferred method of communication

Industry moves: Dave Kelly takes on new COO role with Richardson Wealth

Plus, new head of Fiera Canada, and IG Wealth focuses on recruitment

  • By: Katie Keir
  • January 9, 2024 January 9, 2024
  • 16:43