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rules and regulations

Advisor chargebacks need robust controls, regulators say

Insurance regulators promised new guidance on upfront compensation structures

Pile of cryptocurrency coins

Binance to stop serving Canadian market, blames new stablecoin guidance

Crypto exchange confident it will “someday return” to Canada

New BoC deputy governor, U.S. Fed nominees announced

Rhys Mendes will become Bank of Canada deputy governor in July while Biden has made two Federal Reserve nominations

Sun Life Financial sees first-quarter earnings rise to $806 million

Participating life helps drive Canadian insurance sales, but wealth sales drop 23%

Inflation written newspaper

Inflation likely slowed again in April, but economists say wage growth a top concern

Canada’s April inflation figure anticipated to be well below the 5.2% wage growth

U.K. economy grows sluggishly in 1st quarter as double digit inflation curbs consumer spending

No recession but output dropped in several sectors affected by strikes

Inflation, growth of food sales, growth of market basket or consumer price index concept. Shopping basket with foods on arrow.

Grocery rebate bill receives royal assent

The CRA will deliver the one-time GST credit boost to Canadians in July

growth

Insolvencies in March up 28.3% year over year, report says

The increase came as Canadians faced higher interest rates

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

Manulife reports net income of $1.4B in first results under new standards

Within wealth management, retail net inflows dropped 80%

CI Financial sells 20% stake in U.S. business

Proceeds of $1.34-billion deal will pay down debt

The facade of the Royal Exchange in the City of London

BoE raises U.K. interest rates to highest level since 2008

The hike — the 12th in a row — puts more pressure on borrowers

Great West Lifeco sees net earnings drop, base earnings rise in first quarter

Wealth management and individual insurance sales dropped at iA Financial

Goldman settles gender discrimination suit for US$215 million

The lawsuit, initially filed in September 2010, was set to go to trial next month

Canaccord warns regulatory issue puts snag in takeover offer

Management group no longer ruling out individual asset sales

Judge looks at papers

Quebec portion of CIBC class action settled

Deal resolves claims over mortgage prepayment charges

U.S. adds a solid 253,000 jobs despite Fed’s rate hikes

Strong growth in healthcare, restaurants and bars

Man searches for job on the internet

BoC might have to rethink rate pause as unemployment remains very low: economists

Average hourly wages rose 5.2% but hiring is not happening as broadly

stock market data

RF Capital to focus on recruiting, M&A to boost growth

Richardson Wealth parent firm posted $5.3-million net loss in first quarter

Bank of Canada facade

BoC can address banking system stress, even as it fights inflation: Macklem

Central bank is prepared to raise interest rates further if required

IGM Financial assets, wealth management revenues fell in Q1

Net flows decreased by 60% to $990 million from $2.5 billion a year earlier

  • By: IE Staff
  • May 4, 2023 May 4, 2023
  • 12:20

CRA, union reach tentative deal, ending strike of 35,000 workers

The agreement includes wage increases plus a pensionable one-time lump sum payment of $2,500

Eurotower in Frankfurt am Main before sundown

European Central Bank slows pace of rate hikes but vows more

The quarter-point increase comes a day after the Federal Reserve's identical move

TD bank. stock photo

TD Bank Group calls off First Horizon deal

The cancellation of the transaction comes amid upheaval in the U.S. banking sector

S&P cuts CI Financial’s credit rating to junk

Following CI's request to withdraw coverage, S&P dropped its rating for the asset manager

Data breach exposed Mackenzie clients’ personal data but not holdings, firm says

InvestorCOM, a vendor of Mackenzie Investments, had data exposed when hackers targeted a secure file transfer service