Latest news in Industry News

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ISS aims to expand TSX board diversity demands

Proxy advisory firm opens consultation on changes to 2023 voting policies

bull and bear stock market

RF Capital reports Q3 revenue drop on market turmoil

Interest and insurance revenue rose, corporate finance revenue dropped, fee revenue remained flat

Canadian labour market still strong, though economists warn slowdown still on the way

Wages up 5.6% from last year, a point below inflation; hiring continues in construction, manufacturing, hotels, restaurants

Canadian Parliament in Ottawa

Finance gives reprieve on mandatory disclosure rules

The government will delay implementation of new rules that could affect advisors whose clients use aggressive tax planning

  • By: IE Staff
  • November 4, 2022 November 4, 2022
  • 10:54
Cropped image of young woman holding resume over white

U.S. employers are hiring briskly even in face of rate hikes

Restaurants, hotels, hospitals add jobs amid four consecutive 75-bps rate hikes

Feds extend anti-flipping tax to assignment sales

The 12-month holding period would reset after the taxpayer took ownership of property

Fiscal update confirms feds’ plans to proceed with various tax and estate proposals

The update did not provide details on measures set to take effect soon

Freeland presents modest mini budget, forecasts first surplus on the horizon

The Liberals are proposing a 2% tax on corporate stock buybacks

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Great-West Lifeco profit down 21% in latest quarter

Results reflect impacts of Hurricane Ian, market volatility

  • By: IE Staff
  • November 3, 2022 November 3, 2022
  • 15:44

Sun Life net income in Q3 down 54% from last year

Insurance sales in Canada were up 28%

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

Canaccord Genuity’s net income plummets in latest quarter

Overall revenue was also down year over year, but North American wealth management revenue was up slightly

  • By: IE Staff
  • November 3, 2022 November 3, 2022
  • 12:29
The facade of the Royal Exchange in the City of London

BoE makes biggest interest rate hike in 30 years

The aggressive move comes even as the Bank of England predicted a two-year economic contraction

Fed unleashes another big rate hike but hints at a pullback

Short-term rate, at 3.75% to 4%, at 15-year high

Coal Mining in West Virginia

Political spat over climate risks in investments gets hotter

ESG getting pushback from politicians in Texas, Florida, West Virginia and others

What caused soaring seg fund sales last year?

Positive industry trends were the most prominent factors

Trader screen

ICE expands bond trading in Canada

Regulatory approval for the platform extends fixed-income trading

CRA announces CPP max pensionable earnings for 2023

The CRA also updated the RRSP dollar limit

  • By: IE Staff
  • November 1, 2022 November 1, 2022
  • 10:16
Parliament Hill in Ottawa - Ontario, Canada

As Canada faces potential recession, Freeland to give fall economic statement Nov. 3

The finance minister has warned not to expect more stimulus that would further fuel inflation

A key U.S. inflation gauge stayed at a high 6.2% in September

American consumers “still have firepower,” while Fed remains under pressure to hike rates

Federal government posts $3.9B surplus for April to August

Program expenses dropped to $190B from $154.5B in first five months of 21-22

Canadian economy grew 0.1% in August, continuing on path of modest growth

Economy will ‘stall’ in months ahead: CIBC economist

European Union headquarters

Europe sees fastest pace of rate hikes since euro launched

The ECB raised interest rates again on Thursday, with more expected to come

Small business confidence plummets amid high debt, climbing interest rates

Many businesses struggling to repay debt accumulated during Covid-19, CFIB says

Businessman standing in front of the panel with financial statistics

Stress-test financial plans to ease client anxieties

After recent turmoil, clients may be more willing to consider high-risk events

Low angle view of Skyscrapers in downtown Toronto during the day

Banks adjust prime rates again after latest BoC hike

The central bank raised its key lending rate to 3.75% on Wednesday

  • By: IE Staff
  • October 26, 2022 October 26, 2022
  • 16:20