Home News Industry News Page 29

Latest news in Industry News

U.S. Customs and Border Protection international checkpoint between Canada and the United States of America

Americans should be exempt from Canada’s foreign housing tax, members of Congress say

UHT an “insulting” attack on Americans with second homes in Canada: Niagara politician

Ottawa Ontario Canada Sunset

Federal government posts $41.3 billion deficit for 2022 23 fiscal year

Debt charge rose 42% from 2021-22 because of rate hikes, revenues up 8.6%

U.K.’s Treasury chief accepts that recession may be necessary to get inflation down

“We have to support the Bank of England” in “difficult decisions,” Jeremy Hunt tells Sky News

A measure of inflation that is closely tracked by the Federal Reserve increased in April

Inflation “too sticky,” BoA analyst says as new data show prices increased 4.4% year over year

A lighthouse at Marine Rail Park welcomes travelers to Prince Edward Island, at Borden-Carlton

Prince Edward Island government forecasts $98 million deficit in annual budget

Housing is one of the provincial government’s three priorities

Data breach victims include Empire Life

The breach, which affected clients of InvestorCOM, has compromised information related to Empire Life's seg funds and mutual funds

a man on a precipice

Threat of U.S. credit downgrade looms over debt ceiling talks

The stakes are growing in the standoff in Washington over raising the nation's debt limit

Regulators warn investors of advisor impersonators

Fraudsters are posing as registered individuals

  • By: IE Staff
  • May 25, 2023 May 25, 2023
  • 14:34
Hand holding a light bulb

How to leverage — not loathe — compliance

Demonstrate and discuss your regulatory requirements with clients, IFB says

Modern office building close up in sunlight

Economic headwinds weigh on bank results as more money set aside for bad loans

Rising costs and slower loan growth are also challenges

Bank scene

BMO and Scotiabank report slowing growth, credit provisions put pressure on earnings

'Challenging market conditions' and 'shifting environment' said to be putting pressure on revenue growth

House placed on coins Men's hand is planning savings money of coins to buy a home concept concept for property ladder, mortgage and real estate investment. for saving or investment for a house,

What are the FHSA qualifying withdrawal rules?

The holder needs a written agreement to buy or build home to make a tax-free withdrawal

Federal Reserve Chair Powell hints at a pause in rate hikes when central bank meets next month

Bank failures may cause lending reduction but inflation remains well above 2% target

rules and regulations

Seg fund DSC ban on track across Canada: CCIR

Ban should apply in provinces that have yet to announce it, regulators say

Statistics Canada reports retail sales down 1.4% in March, but core sales up 0.3%

Sales at gasoline stations and fuel vendors dropped 3.9%

What are the FHSA eligibility rules?

Even homeowners can open an FHSA in some cases

FP Canada names top CFP exam writers from February

259 people wrote the exam

  • By: IE Staff
  • May 18, 2023 May 18, 2023
  • 16:53

OSC seeks applications for investor advisory panel

The deadline is June 15

  • By: IE Staff
  • May 18, 2023 May 18, 2023
  • 15:23

Feds finalize agreements lowering credit card transaction fees for small biz

Businesses are expected to save $1 billion over five years

Hike? Pause? Fed officials are split about next move

Stubbornness of high inflation divides Federal Reserve on managing interest rates

Bag of money changing hands

B.C. team wants to return millions to rightful owners

Organization reunites people with unclaimed money in old bank accounts

Silicon Valley Bank storefront

Bank execs blame panicked depositors for SVB, Signature failures

Former CEO Greg Becker told a senate hearing that SVB was the victim of a social media-driven bank run

  • By: Ken Sweet
  • May 16, 2023 May 16, 2023
  • 16:23
Inflation written newspaper

Canada’s annual pace of inflation rose to 4.4% in April

Rent and mortgage costs led to the first increase in the annual rate since it peaked at 8.1% in June 2022

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