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Upset stressed young Asian business man in suit with hands on head sitting on stairs. Unemployment and layoff concept.

U.S. hiring stays strong, complicating Fed’s inflation fight

Jobless rate at 53-year-low of 3.7%, markets alarmed

Upset stressed young Asian business man in suit with hands on head sitting on stairs. Unemployment and layoff concept.

Unemployment rate drops slightly to 5.1% in November, labour market still hot

Employment up in finance, insurance

Doing Homework

FP Canada announces latest QAFP exam results

The exam was written by 69 candidates

  • By: IE Staff
  • December 1, 2022 December 1, 2022
  • 15:20
Modern urban skyscrapers in downtown Chicago from below to the blue summer sky. Sun reflecting in the glass facades of the urban futuristic buildings. Chicago, Illinois, USA

Banks outline downturn prep while still talking growth

Strategies were discussed during earnings calls

calculator with the word dividends on the display

BMO reports Q4 profit, raises dividend

The bank's bottom line was boosted by Bank of the West acquisition

TD reports earnings up as it sees growth in margins and loans

The bank is putting more bankers, advisors on the street, CFO says

CIBC reports Q4 profit down from year ago, raises quarterly dividend

In wealth management, commission revenue was negatively affected by market performance, lower client activity

Powell: Fed to keep rates higher for longer to cut inflation

A smaller December hike shouldn't be taken as a sign the Fed will let up on its inflation fight anytime soon

Alt investors using alt data to gain an edge: report

From satellite imagery to biometrics, alternative managers are investing in new information sources

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

National Bank reports Q4 profit down from year ago, raises quarterly dividend

Wealth management profit was up by 24% on higher interest rates

RBC reports $3.9B Q4 profit as it prepares for a more turbulent year ahead

Wealth management profits increased despite lower fee-based revenues

Business partnership meeting. Picture businessmans handshake. Successful businessmen handshaking after good deal. Horizontal, blurred (Business partnership meeting. Picture businessmans handshake. Successful businessmen handshaking after good deal. Ho

Desjardins to acquire Worldsource wealth and insurance businesses from Guardian Capital

Desjardins said it plans to operate the three companies as standalone entities

  • By: IE Staff
  • November 30, 2022 November 30, 2022
  • 11:02
Piggy bank with national flag of Canada

BoC incurs first loss in its history

The central bank lost $522 million in the third quarter

Canadian home prices expected to fall 3.3% in 2023: Re/Max report

Forecast decline nearly 12% in Toronto area, Halifax expected to gain 8%

Scotiabank reports $2.09B Q4 profit, down from $2.56B a year ago

AUM, wealth management revenue dropped amid challenging market conditions

Saskatchewan’s bottom line remains stable, government posts a $1.1B surplus

Potash, oil production boosts revenue

Economists see underlying signs of weakening in third-quarter GDP numbers

Household savings rate rose to 5.7% in Q3; oil exports helped drive GDP growth

Skyline of the financial district

RBC to buy HSBC Canada

HSBC signalled it was looking to sell its Canadian business back in October

Bear juggling various crypto coin symbols

BlockFi seeks protection as FTX collapse rattles crypto

BlockFi claimed more than 100,000 creditors and liabilities ranging from $1 billion to $10 billion

Close Up of Senator's Desk in the Canadian Senate

Doubling first-time homebuyers’ tax credit to cost $115M: PBO

Meanwhile, eliminating student loan interest would cost $2.7 billion over five years, the Parliamentary Budget Officer finds

Low angle view of Skyscrapers in downtown Toronto during the day

Banks to give financial update in Q4 results ahead of possible recession next year

A key question for analysts will be how much banks are profiting from their loans

Extreme closeup of an annual report -- based on the "portfolio facts," the fund is a 100% stock mutual fund

Credit unions up their game in wealth management

The state of play of advisory, investment services from co-operatives, credit unions

Alberta projects $12.3B surplus in latest fiscal update

The government set aside $2.8 billion over three years to cover inflation-fighting programs and payouts

parliament hill

Federal government posts $1.7-billion surplus for April to September period

Compared to the same period in the previous fiscal year, government revenues were up 18.6%

Cross-selling opportunities prompt P&C brokerages to buy advisors

Actual assets under management of advisor aren’t always worth purchasing on their own