Home News Industry News Page 40

Latest news in Industry News

National Bank of Canada in Toronto’s financial district; National Bank of Canada is sixth largest commercial bank in Canada.

National Bank’s head of wealth management to retire

Denis Girouard will step in for Martin Gagnon until a successor is named

  • By: IE Staff
  • January 26, 2023 February 17, 2023
  • 11:53
Wooden blocks with percentage sign and arrow up, financial growth, interest rate increase, inflation concept

Bank of Canada raises interest rates, says it will take a “conditional” pause

Wage-price spiral risk down, inflation forecast to fall to 2% by 2024

Parliament Hill in Ottawa - Ontario, Canada

Fiscal room tightening as economy teeters, associate finance minister says

Pressures include provinces’ healthcare funding requests

FSRA releases draft operational risk guidance for credit unions

The proposed guidance is out for comment until March 31

Pile of cryptocurrency coins

Crypto firms acted like banks, then collapsed like dominoes

In less than 12 months, nearly all the biggest lenders have failed spectacularly

  • By: Ken Sweet
  • January 24, 2023 January 24, 2023
  • 12:44
piggy bank with flag of Canada

BoC expected to deliver eighth consecutive rate hike, but it’s probably the last one

“If things get out of hand” BoC “might have to raise rates again,” says TD’s Orlando

Two entrepreneurs working on their bills in the retail store

Canadian retail sales fell 0.1% to $61.8 billion in November

Better than expected, new auto sales still increasing

FP Canada names top performers of latest CFP exam

The three candidates were among 507 exam writers

  • By: IE Staff
  • January 19, 2023 January 19, 2023
  • 15:47

TD Bank Group says Charles Schwab investment will add $285M to Q1 profit

TD holds a 12% stake in Schwab

TD says Barbara Hooper to lead Canadian business banking

Longtime head Paul Douglas is stepping back from daily operations

A silhouetted businessman stands on top of a mountain peak and looks into the distance with a spyglass in front of a dramatic sunset in the distance

Big Six banks face challenging 2023: DBRS Morningstar

Indebted consumers, slower economic growth, potential for recession are key factors in play

  • By: IE Staff
  • January 19, 2023 January 20, 2023
  • 13:37
Canada LNG

Pension funds improving on climate but still falling short: report

Canadian funds have largely shied away from fossil-fuel divestment

U.K. inflation eases for a 2nd month, falling to 10.5%

Deutsche Bank forecasts Bank of England’s 2% target reachable in 2024

December retail sales fall 1.1% as inflation takes a toll

Auto, gas, department store sales down

BMO receives regulatory approval for Bank of the West acquisition

U.S. deal will add nearly 1.8M customers

Couple happily reviews their finances.

Deadline looms for prescribed rate loans

Clients who miss interest payment deadline risk losing an income-splitting opportunity

CRA files labour complaint against union amid bargaining impasse

The union said it would hold strike votes for about 35,000 workers that could affect tax season

Home prices in Q4 down year over year, first decline since end of 2008: report

Widespread shortage of homes in Canada: Royal LePage president

telescope, dawn, skyline, looking to the future

With positive signs on inflation, recession is less of a sure thing

The "holy grail" of a soft landing is back in play

Bank to pay US$31M redlining settlement, DoJ’s largest ever

The department says City National avoided underwriting mortgages in majority Black and Latino neighborhoods

  • By: Ken Sweet
  • January 12, 2023 January 12, 2023
  • 16:53

Crypto winter, regulatory risk drives S&P downgrade

Coinbase rating cut on drop in trading volume, retail interest

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

Economy won’t shrink this quarter: CFIB

Job vacancy rates continue to decline, but remain high

Canadian 100 Dollar banknotes being printed

BoC to lose billions over next few years, posing communications challenge: report

Settlement balances helped finance pandemic quantitative easing

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

U.S. consumer inflation eased again to 6.5% in December

Prices down 0.1% month over month as cost of gas, used autos decline

plan idea

New term benchmarks in the works

Term CORRA to be available by Q3, but usage will be limited