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Fed official: Bank rules under review in wake of SVB failure

Barr anticipates higher capital, liquidity standards needed for American banks with more than $100B

Canada heading into “mild recession” as tight monetary policy squeezes growth: Report

Deloitte predicts half-point real GDP drop in 2023

gavel on a laptop

Bankman-Fried charged with paying $40M bribe to China

Allegations arose from freezing of certain Alameda Research crypto accounts

estate planning

CRA waives penalties for late-filing the underused housing tax return

Affected owners have until Oct. 31 to file or pay before incurring interest and penalties

Fed says SVB itself was main cause of bank’s failure

Official nonetheless pledged that the Federal Reserve and other agencies would take whatever steps deemed necessary to protect the banking system

Federal budget to increase RESP withdrawal limit: source

Finance Minister Chrystia Freeland has promised targeted inflation relief for low-income Canadians

Troubled Silicon Valley Bank acquired by First Citizens

SVB's March 10 collapse in a bank run was the second-largest in U.S. history

Bond counselling

New SRO to grant credential for FA title use in Ontario

The regulator intends to be a credentialing body under the province's title protection regime

School exam student's taking educational admission test in class, thinking hard, writing answer in university classroom, education and world literacy day concept (School exam student's taking educational admission test in class, thinking hard, writing

FP Canada to be one-stop shop for CFP, QAFP education

Educational division will develop technical curriculum under Alexandra Macqueen's leadership

EU leaders play down bank risks as economy weakens

Political leaders said sector’s generally in “good shape” after Deutsche Bank stock fell 14%

words ESG on a wood block and Future environmental conservation and sustainable ESG modernization development by using the technology of renewable resources to reduce pollution and carbon emission.

Canadian pension funds embrace ESG

But little improvement in ESG voting record disclosure, finds responsible investing dashboard

Two entrepreneurs working on their bills in the retail store

Statistics Canada says retail sales up 1.4% in January

TD predicts significant consumer spending slowdown after Q2

Gluskin Sheff advisors to move to RBC Wealth Management

Gluskin Sheff's parent company, Onex, is winding down the wealth management business

Queen's park, Ontario

Ontario expects $1.3B deficit, to post surplus in a year

Budget items include an expanded Guaranteed Annual Income System and a promise to review tax system

Newfoundland and Labrador budget projects $160M deficit, paints rosy picture

The government did not raise taxes in its 2023 provincial budget

New Brunswick introduces title protection legislation

Like Ontario and Saskatchewan, the province will regulate "financial advisor" and "financial planner"

  • By: IE Staff
  • March 23, 2023 March 23, 2023
  • 14:34

Nova Scotia leaves tax rates alone, but provides relief to nurses

Repairing the health-care system is the centrepiece of the provincial government’s $14.4-billion budget

stack of files

Canaccord files for exemptive relief regarding directors’ circular

The firm is asking regulators for more time after reconstituting a special committee evaluating management's takeover bid

  • By: IE Staff
  • March 23, 2023 March 23, 2023
  • 14:07
parliament hill

Liberals introduce legislation to create corporate ownership registry

The goal is easier identification of owners who launder money, commit financial crimes or evade taxes

Private markets getting more accessible to public as funds roll out credit options

Markets for both private debt and private equity have swelled over the last decade

Entrance of historic bank building of Swiss bank Credit Suisse. Photo taken April 19th, 2021, Zurich, Switzerland.

Credit Suisse deal averted crisis, Swiss central bank says

Swiss National Bank hiked its key interest rate on Thursday

Budget 2023 to detail crackdown on “junk fees” for consumers

Liberals plan to work with regulatory agencies, including the Financial Consumer Agency of Canada, a federal source says

Parliament Hill in Ottawa - Ontario, Canada

Feds have little capacity to raise personal tax rates, experts say

Liberal government more likely to focus on AMT, capital gains in Budget 2023

Saskatchewan legislative assembly

Saskatchewan budget projects $1B surplus, more money for health care

No new taxes, smaller surpluses predicted over next three years

Fed raises key rate by quarter point despite bank turmoil

Inflation remains elevated, bank failures likely to “weigh on economic activity”