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Board room deal making

CI Financial buys Montreal-based wealth manager Coriel Capital

The acquisition adds to CI's ultra-high-net-worth business

Binder with papers

CPP Investments posts net loss in latest quarter

The fund posted a negative return of 0.8% for the quarter ended June 30

  • By: IE Staff
  • August 10, 2023 August 10, 2023
  • 10:34

Brookfield Asset Management aims to raise US$150B this year

The firm said it has raised US$37 billion this year despite a slowdown in the alternative sector

Collection of Euro bills

Italy proposes bank tax, sending stocks plunging

The 40% tax would apply to profits from the difference between loan interest and interest paid to customers on deposits

Canadian Parliament in Ottawa

Feds release draft legislation on alternative minimum tax, intergenerational business transfers

Proposals from the 2023 budget are out for consultation until Sept. 8

  • By: IE Staff
  • August 4, 2023 August 4, 2023
  • 17:14

Wealth management steady as Canaccord makes capital market cuts

The firm's latest earnings showed client assets growing in its wealth management division

Trader at computer screen

New Alpha markets get go ahead

Pair of new trading books, order types to launch Oct. 23

Piggy bank on calculator

ETF investors continued to favour cash in July

New money market products were rewarded, according National Bank's monthly report

Signing bank documents

Are high rates affecting the market for books of business?

Any impact of higher borrowing costs is subtle, as many factors can determine the value of a practice

Kansas City Fed

Banking executive named president of Kansas City Fed

Jeffrey Schmid replaces Esther George, who retired in January

Five star rating

Fitch downgrades US credit rating, citing mounting debt and political divisions

New rating, AA+, is still considered well into investment grade

Silicon Valley Bank storefront

National Bank to buy SVB’s Canadian commercial loan portfolio

Much of the portfolio is focused on the technology and life science sectors

announcement

CI Financial rebrands U.S. wealth business as Corient

Toronto-based firm sold 20% stake in U.S. business in May

climate change

Major asset managers falling short of 2050 net zero goals: report

Companies aren't doing enough to align portfolios, engage with companies and policymakers

senior woman on a computer

How to protect older investors from digital fraud

Setting up verification methods with clients can help prevent them from being fleeced

Cropped shot of unrecognizable businesspeople sitting and writing notes in a book while in the office during the day

FP Canada names top QAFP exam writers from June

Trio was recognized with award of merit

  • By: IE Staff
  • July 27, 2023 July 27, 2023
  • 16:19
World map

Advocacy group says banks show little progress on climate action

At issue is the financing of fossil fuel expansion projects

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.

ECB hikes interest rates and leaves door open to more

The ninth straight increase aims to stamp out painfully high inflation

Parliament Hill in Ottawa - Ontario, Canada

New housing minister says closing door on newcomers is no solution to housing crunch

Former immigration minister takes on expanded housing portfolio that includes infrastructure and communities

Progress slow for women’s representation in advice channel, report finds

A surge in female branch managers could help address industry stigma

  • By: IE Staff
  • July 24, 2023 July 24, 2023
  • 15:14

Can the Fed pull off a soft landing?

Economists have been downgrading their probabilities of a U.S. recession

Class action filed against firms involved in data breach

The case stems from the GoAnywhere cybersecurity incident in January

  • By: IE Staff
  • July 20, 2023 July 20, 2023
  • 17:06
growing wealth

Canadians underuse TFSA’s growth potential

Canadians’ unused TFSA contribution room exceeded the market value of their plans at almost all income levels

U.S. Canada flag

Budget watchdog reviewing underused housing tax again

U.S. critics continue to push for relief for Americans who own seasonal properties in Canada

Now hiring sign

U.S. jobless claims continue to fall

Since the pandemic hit, U.S. employers have added jobs at a blistering pace