Latest news in Industry News

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CRA announces prescribed rate for Q1 2025

Agency confirms the interest rate Canadians must pay on overdue tax will drop to 8%

Finance minister says government’s fiscal update coming Dec. 16

The parliamentary budget officer is projecting a $46.8 billion deficit for the last fiscal year

Canadian Western Bank says legal claim is the reason it delayed earnings release

The decision was not related to National Bank of Canada's plan to acquire the company

Illustration of two people shaking hands on two upward arrows

The restart of the deals

Canadian wealth management, insurance advisory shops are hot properties as M&A activity ramps up

  • By: Kevin Press
  • December 6, 2024 December 6, 2024
  • 16:53
Investing

Wellington-Altus to sell up to 30% of its shares to private equity

Deal expected to close summer 2025

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Canadian Western Bank delays earnings release without saying why

The bank says it will put out its year-end results in mid-December

Modern bank towers in the late afternoon

Key take-aways from year-end results at Canada’s biggest banks

The banks reported mixed results this week

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Canadian Tire to keep 100% ownership of financial services business after review

The company bought back the 20% stake in the business that was owned by Scotiabank in 2023

CIBC sign on the north wall building

CIBC reports Q4 profit up from year ago, raises quarterly dividend

Revenue for the quarter totalled $6.62 billion, up from $5.85 billion in the same quarter last year

TD bank. stock photo

TD Bank Group reports adjusted profits down on money laundering fallout

Adjusted earnings were down in what chief executive Bharat Masrani called a challenging quarter

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BMO posts big miss on earnings expectations

BMO Financial Group significantly missed analyst earnings expectations

Air raid sirens

Edward Jones opens multi-advisor branches in Maritimes

Latest office launch in Halifax follows Frederiction launch earlier this autumn

Business lawyer team. Working together of lawyer in the meeting.

Advocis resolves 2 claims of wrongful dismissal

"The matter between Mr. Pollock and his former employer has settled," counsel says

Ontario launches OMERS review

Review will look at assets, investments, not benefits or contribution rates

Scotiabank CEO Brian Porter elected IIF treasurer

Scotiabank reports $1.69B Q4 profit, up from $1.35B a year ago

Scotiabank earned $1.57 per diluted share on an adjusted basic, up from $1.23 a year ago

Technology-related risks are now the top concern for insurers

Tech roundup: Webull Canada extends trading hours

And other insurtech and wealthtech news

  • December 2, 2024 December 2, 2024
  • 12:20
People shaking hands in a boardroom

Questrade lays off undisclosed number of employees

The cuts are not reflective of the state of the underlying business, the firm says

hands holding planet

Canadians growing frustrated by greenwashing: Trudeau

Canada needs to move faster on sustainable finance framework

businessman stock market

Canaccord says ‘there is no plan’ to sell its U.K. wealth management division

The company refuted a media report that a sale could be in the works

Converting leads to prospects

CI Financial is going private

Shareholders to get $32 per share in cash, a 33% premium relative to the last closing price

  • By: Kevin Press
  • November 25, 2024 December 6, 2024
  • 08:47
hand holding a megaphone

It’s official: DFSA credential no longer qualifies for FA title use

RBC still requires the credential in retail branches, FSRA provides date for forthcoming title protection review

AI computer

Protecting client interests in the AI age

Here's how advisors can prevent AI hallucinations, privacy breaches

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

Manulife CEO Roy Gori to retire, Phil Witherington named next CEO

Witherington will be moving from head of Asia to running the whole company

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

CIFP drops claim against FP Canada over credential approved under Ontario’s title protection

Certification body agrees not to challenge CIFP’s right to use trademarked Chartered Financial Planner designation

parliament hill

Federal government plans to give $250 cheques to millions of Canadians, cut GST

GST break will run Dec. 14 to Feb. 15; cheques will go out in the spring