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TMX to close down fund platform

The exchange will shut down TSX NAVEx at the end of this year

announcement

Scotiabank CEO Brian Porter to retire

Scotia board member and Finning CEO Scott Thomson will take over next year

U.S. Canada flag

Court of Appeal upholds sharing of Canadian bank account info with U.S. authorities

FATCA requires banks and other institutions to report information about accounts held by U.S. individuals

Statistics Canada says retail sales fell 2.5% to $61.3 billion in July

Gas sales dropped 14.2%

Family loan rate rising to 3% on Oct. 1

Clients have until Sept. 30 to lock in the 2% family loan rate

  • By: IE Staff
  • September 23, 2022 September 23, 2022
  • 10:34

Revised bank recovery dividend to net $1B less

The Parliamentary Budget Officer updated its revenue projections for the Canada Recovery Dividend and the surtax on banks and insurers

  • By: Melissa Shin
  • September 22, 2022 September 22, 2022
  • 11:39

Fed attacks inflation with another big hike and expects more

New 3% to 3.25% range is highest since 2008

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.

TD forms carbon advisory unit

Services include carbon offset advice

  • By: IE Staff
  • September 21, 2022 September 21, 2022
  • 12:56

Stats Canada says Canada’s homeownership rate fell in latest 2021 census release

New homes increasingly likely to be rented

business owner with open sign

Economic stimulus should have stopped earlier to tame inflation, Bank of Canada says

Stimulus contributed to demand surge: Beaudry

RBC Bank branch stock photo

Canadian banks look to newcomers as key source of client growth

Banks are building trust by becoming general resources for clients

Parcels on conveyor belt in a warehouse

Statistics Canada says wholesale sales down 0.6% at $80.2B in July

Textiles down 13.2%, machinery up 1.6%

Housing starts down in August, says CMHC

Despite the drop, the statistics still represent historic highs, according to economist

Three ways open banking could impact wealth management

Open banking has the potential to automate onboarding, allow for fee comparison and improve risk assessments

Pandemic splits getting nastier as divorce trends hold steady

Family lawyers say the pandemic manifested more in the intensity of matters than in the volume of cases

BMO Capital Markets cutting jobs amid challenging market conditions

The cuts come a few weeks after BMO reported a drop in earnings

Business person protected by a succession of umbrellas in a COVID background—insurance concept

Insurers pay record amount of benefits in 2021

Also, annuity and seg fund premiums increased 21%

  • By: IE Staff
  • September 15, 2022 September 15, 2022
  • 13:42
merger

Ethereum completes ‘Merge’ upgrade to network

The long-awaited change has implications for investors

Royal golden crown with jewels on british flag. Symbols of UK United Kingdom

Markets, banks to remain open on day of mourning

Bank of Canada will delay bond auctions, but financial system to operate normally

EU and UK flags

U.K. inflation dips slightly in August to 9.9%

Fuel costs up 32% year over year

  • By: Danica Kirka
  • September 14, 2022 September 14, 2022
  • 11:26
Bitcoin

U.S. investors not using advisors for crypto: report

Many investors with advisors are trading crypto via platforms such as Coinbase and Binance

  • By: IE Staff
  • September 13, 2022 September 13, 2022
  • 15:32
man reading tablet and writing on paper

Most asset managers operating under hybrid work model: survey

PMAC found that 19% of member firms are allowing employees to work remotely full time

  • By: Mark Burgess
  • September 13, 2022 September 13, 2022
  • 15:21

Pre-signed forms still a prevalent issue: CIFPs president

The organization's president presented a hypothetical ethical scenario involving pre-signed forms at a conference last week

Various bonds rating from single C to AAA

How the bond investment mix is changing for insurers

Canadian lifecos ‘well positioned’ to manage credit impairments: A.M. Best

Nova Scotia records ‘surprise’ surplus of $350.9 million in 2021-22 fiscal year

Revenues $1.3B over budget but net debt topped $16B