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Manulife head office building in Toronto, Canada. Manulife is a Canadian multinational insurance company.

Manulife cuts 250 jobs in investment management division

Firm is the latest to trim staff as economic uncertainty weighs

Sun Life increasing focus on partnerships as part of expansion efforts

In Canada, wealth and asset management saw a 14% increase in profitability from a year earlier

father and son conversation

Fewer than 1 in 5 U.S. investors use parents’ advisors

Advisors can build intergenerational relationships to retain clients' children

new rules

FP Canada consults on conflict-related rule, trusted contact person

The certification body also proposed a "monitor and review" practice standard

  • By: IE Staff
  • November 14, 2023 November 14, 2023
  • 15:40
European Union headquarters

Leaked memo reveals financial sector would be excluded from EU net-zero law

Critics say proposed changes to the Corporate Sustainability Due Diligence Directive would make it unenforceable

  • By: Ed Davey
  • November 14, 2023 November 14, 2023
  • 09:28
computer screen

ICBC cyberattack reveals rising risks: DBRS

Financial sector infrastructure vulnerable to ransomware, malware attacks

House of commons

Conservatives table open banking bill in Ottawa

Private member's bill would force Liberals to move ahead with policy

Canadians should plan for higher rates in the long run: BoC

More adjustment to come as previous rate hikes filter through the economy, Bank of Canada senior deputy governor says

Great-West Lifeco sees base earnings rise in Q3 to $950 million

Individual wealth management had net outflows of $427 million

parliament hill

Freeland to table Liberals’ fall economic statement Nov. 21

The finance minister has promised that the fiscal update will focus on housing and affordability

Powell reinforces Fed’s cautious approach to more interest rate hikes

Still, the Federal Reserve chair didn't rule out another increase

CPP Investments posts small gain in Q2

The fund has a negative return for the first six months of its 2024 fiscal year

  • By: IE Staff
  • November 9, 2023 November 9, 2023
  • 14:21
Manulife head office building in Toronto, Canada. Manulife is a Canadian multinational insurance company.

Manulife reports profit of $1B in Q3, supported by growth in Asia

The quarter also saw net outflows, lower AUM

Charts and graphs

iA Financial Q3 net income increased

Growth in wealth management and Canadian insurance activities led to the gain

Canaccord Genuity acquires U.K. financial planning firm

The transaction supports Canaccord's strategy to grow wealth management

  • By: IE Staff
  • November 9, 2023 November 9, 2023
  • 12:09

CI Financial posts loss in third quarter

The firm also saw net outflows of $465 million across its entire asset management segment

Exterior of CRA headquarters building

CRA solidifies notifiable transaction list

Tax advisors still on shaky ground as five sets of transactions are confirmed

Take kid to work

Students get inside look at financial services industry

450,000 students registered for this year's Take Our Kids to Work Day

factory

CFA Institute introduces certificate for climate investing

The organization’s five courses aim to address a skills gap

  • By: IE Staff
  • November 6, 2023 November 6, 2023
  • 11:56
Laurentian bank logo on building

DBRS places Laurentian’s credit ratings under review

The rating agency's concerns stem from recent adverse events at the bank

  • By: IE Staff
  • November 3, 2023 November 3, 2023
  • 16:19
Queen's park, Ontario

Ontario launching infrastructure bank with $3B in public funding

Proposal was part of the province's fall economic statement on Thursday

Alberta would need to negotiate international agreements if it quits CPP: Freeland

Remarks follow virtual meeting with provincial finance ministers

Canadian Parliament in Ottawa

Finance committee calls for feds to block RBC-HSBC deal on competition concerns

Removal of competitor could raise already-elevated bank fees, report says

IGM Financial’s profit flat in Q3 as investment returns weigh on assets

Wealth management's earnings were up, as number of less-experienced advisors dropped

  • By: IE Staff
  • November 2, 2023 November 2, 2023
  • 15:34
The facade of the Royal Exchange in the City of London

BoE keeps main U.K. interest rate at 15-year high

The central bank warned that borrowing costs will likely stay elevated for some time