Latest news in Industry News

HSBC expects later close of Canadian division sale to RBC

Both the Competition Bureau and OSFI are reviewing the transaction, which requires approval from the finance minister

A bear rests on top of a downward pointing stock chart.

Client satisfaction tumbles with markets: J.D. Power

Lack of personalized advice created a void filled by negative returns, the latest survey says

  • By: IE Staff
  • May 2, 2023 May 2, 2023
  • 10:56
disability services

Disability tax credit applications at “standstill” during CRA strike, advisors say

The DTC is a valuable credit for Canadians with disabilities and the key to other support programs

A man in a suit walking up concrete steps.

First Republic Bank seized, sold to JPMorgan Chase

Customers pulled out more than US$100 billion in deposits after SVB and Signature Bank failed

Federal government posts $3.1 surplus for first 11 months of 2022-23 fiscal year

Interest rates pushed debt charges up 40.7%

Silicon Valley Bank storefront

Fed faults Silicon Valley Bank execs, itself in bank failure

SVB “remained well-rated, even as conditions deteriorated,” central bank report says

GDP Word Written In Wooden Cube reflection on black mirrow with money stack as graph in background stock photo

After economy posts strong start to 2023, new data suggests slowdown has begun

February growth below forecast with contractions in manufacturing, wholesale and retail trade

Participating whole life: What it can and can’t accomplish

Advisors should “show a less rosy picture” than the DSIR

A key inflation gauge tracked by Fed remained high in March

Inflation slowed to 4.2% but much of that reflects lower gas prices

Taxpayer's desk and excise documents to import and export industrial goods for the purpose of maximizing profits for large business organizations. (Taxpayer's desk and excise documents to import and export industrial goods for the purpose of maximizin

AMF priorities for year ahead include crypto, total cost reporting

The Quebec regulator also plans to improve complaint handling and financial literacy

  • By: IE Staff
  • April 27, 2023 April 27, 2023
  • 16:31

CI Financial sells stake in Boston-based RIA Congress

Toronto-based firm said it would use proceeds from the sale to pay down debt

rock climbing risk

Bank regulator says no indicators of liquidity shock re-emerging

However, banking sector isn't fully in the clear, superintendent said

Intense winter storm brewing over ocean

Mild recession on tap for 2023: CPA survey

Executive-level business leaders say inflation is an ongoing struggle

  • By: IE Staff
  • April 27, 2023 April 27, 2023
  • 15:46
AI button

CFA Institute introduces new data science certificate

Only three percent of investment professionals say they are proficient in AI, CFA Institute finds

Housing chart

Feds launch hearing into role of financial firms in rental housing

The move follows pledges to review housing as an asset class

Wheelchair

Considerations when selling insurance to the gig economy

One in 10 Canadians, many lacking employer-sponsored disability coverage, work in the gig economy

Elder couple planning

Planners need to see ‘the bigger picture’ on RRIF withdrawals, study says

Financial planners must consider the complexity of client circumstances, according to research from FP Canada's foundation

Swiss indict 2 managers of Saudi oil company in 1MDB scandal

Two PetroSaudi managers were accused of trying to enrich themselves by misappropriating at least US$1.8 billion

A man in a suit walking up concrete steps.

UBS reaps US$28B in new money amid Credit Suisse fallout

Client inflows at UBS came in marked contrast to the US$69 billion in outflows that Credit Suisse reported Monday

CORRA takes the lead in derivatives

Adoption of the new financial benchmark well underway

CIRO it is: SRO members approve new name

Firms will have until Dec. 31, 2024, to adopt the name and logo on required disclosures

What’s behind the looming ‘x-date’ on the U.S. debt limit?

Some investors are getting worried after more than three months have passed with little progress

  • By: Josh Boak
  • April 24, 2023 April 24, 2023
  • 16:42
stock market data

NEO Exchange rebranded as Cboe Canada

The exchange was acquired last year by Chicago-based Cboe

  • By: IE Staff
  • April 24, 2023 April 24, 2023
  • 16:13
Entrance of historic bank building of Swiss bank Credit Suisse. Photo taken April 19th, 2021, Zurich, Switzerland.

Credit Suisse saw US$69 billion in outflows at start of 2023

Turmoil at the bank has simmered down, but challenges for Credit Suisse and the takeover deal have not

Government tables second budget implementation bill

Changes to RESPs and RDSPs are included in the legislation, as well as leeway to increase the CDIC limit