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RBC shares hit record highs on strong earnings

The bank's wealth management arm earned more than a year earlier

National Bank

National Bank reports $1.03B Q3 profit, up from $830M a year ago

Growth in fee-based revenues and net interest income drove improved results in wealth management

Bank Of Montreal Branch stock photo

Trouble in BMO’s loan book again weighs on bank’s quarterly results

The bank expects loan loss provisions to stay elevated in the near term: CEO

Scotiabank

Rising provisions drag on Scotiabank results in Q3

The bank had $1.05 billion set aside for bad loans in the quarter, up from $819 million a year earlier

China flag

China accuses Canada of protectionism over EV tariffs

A Chinese Foreign Ministry spokesperson urged Canada to 'not politicize economic and trade issues'

Man reads legal document carefully using magnifying glass

CRA updates rein in ‘overbroad’ mandatory disclosure regime

Administrative changes are welcome in an area fraught with uncertainty

RBC Bank branch stock photo

RBC details case for firing former CFO, employee

In its filings, RBC says there's overwhelming evidence Nadine Ahn, Ken Mason breached company policy

Piggy bank on books

Feds provide more detail on autoenrolled RESPs

Ottawa says kids from low-income families missing out on up to $2,000 in Canada Learning Bond payments

TD bank. stock photo

TD Bank Group reports Q3 loss as it takes charge on AML probe

Resolving the investigations will mean both monetary and non-monetary penalties, the bank said

people using technology

Tech roundup: Fintech investment reached record high in Canada

And Canadian data discovery firm teams up with FusionIQ

Modern bank towers in the late afternoon

Borrower stress in focus as banks set to report third-quarter results

The upcoming results, which kick off Thursday when TD reports, will cover the three months to the end of July

Canada Parliament and Canadian Flag over blue sky.

Bare trusts exempted from 2024 filing requirement

Department of Finance proposals would also reduce the number of people who must file a bare trust return, starting in 2025

Feds expand eligibility, drop founder requirement for Canadian Entrepreneurs’ Incentive

Many businesses remain shut out of tax break on increased capital gains inclusion rate

House of Commons in Ottawa

Troubling quirk in capital gains rules addressed in draft legislation

Clarifications concerning the capital dividend account are welcomed by tax practitioners

Downtown Toronto Financial District Skyscrapers stock photo

Feds could outlaw large bank mergers

Government releases consultation paper that also covers external security threats, AI risks

Judge looks at papers

Court orders Emerge Capital Management to repay employees who lent it money

Cheques for partial repayment to Emerge Canada employees bounced: court documents

Sun Life logo on a building

Sun Life says its net income slipped in Q2

The company says its AUM stood at $1.47 trillion at quarter end, up $98 billion from last year

Laurentian bank logo on building

CI acquires Laurentian’s discount broker division

Deal includes about 2,050 clients and $250 million in assets

Scotiabank

Scotiabank signs agreement to buy stake in KeyCorp

The Canadian bank will pay a total of about US$2.8 billion for a 14.9% stake in the company

Former CFO suing RBC for $49M in wrongful dismissal claim

RBC announced on April 5 it had fired Nadine Ahn, Ken Mason after an internal review

Piggy bank on calculator

IGM Financial assets up in Q2 amid outflows

Capital gains changes heightened fund sales and redemptions in June, firm said

  • By: IE Staff
  • August 9, 2024 August 9, 2024
  • 14:54

Canaccord’s capital markets business picks up in latest quarter

Firm’s global wealth management operations set quarterly revenue record

Wellington-Altus acquires ICPM business in Ontario

Wickham Investment Counsel Inc. adds just over $200 million to the firm's assets

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

CI buys two U.S.-based RIAs with $8.1B in combined assets

Wealth management firms based in Florida and North Carolina serve ultra-high-net-worth clients

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

Manulife reports relatively flat income in Q2

Better market performance was offset by sizable loss on sale of debt instruments