Latest news in Industry News

Wooden blocks with percentage sign and arrow up, financial growth, interest rate increase, inflation concept

Bank of Canada slows pace of rate hikes but Macklem warns more to come

Key rate now 3.75%, up from 0.25% in March

New U.K. leader to face highest government debt in 60 years

With rampant inflation, public borrowing rose to 98% of economic output in September

Inflation to trigger bump in TFSA room in 2023

Next year's limit can be calculated using CPI data released Wednesday

AI technology

CFA Institute proposes framework for ethical AI

AI can improve investment management, but it comes with new risks

  • By: IE Staff
  • October 19, 2022 October 19, 2022
  • 14:36

Wealthsimple secures access for upcoming real time rail payment system

First non-bank approved by BoC for direct settlement account

Knowledge Bureau names 2022 Distinguished New Advisor

The credentialing body bestowed the honour during its 19th annual conference

  • By: IE Staff
  • October 18, 2022 October 18, 2022
  • 14:25

Why your firm could be bought by a property and casualty brokerage

Some brokers aim to be a one-stop shop for P&C insurance, wealth management and retirement planning

Watching for the turning point in a volatile market

All is not lost for the 60-40 portfolio

Intense winter storm brewing over ocean

Get ready for rougher waters: First Trust economist

Recession fears are top of mind as the Fed continues to hike rates

Annual pace of housing starts up in September, hitting highest level since Nov. 2021

Multi-unit urban starts up 16%, single-detached urban stays flat

RBC to sell European asset services business

The asset servicing group of Crédit Agricole S.A. and Santander will acquire custody business

  • By: IE Staff
  • October 17, 2022 October 17, 2022
  • 10:26
man wearing a mask

Actuaries release tally of pandemic life insurance claims

Organization expects excess deaths and life insurance claims to be lower going forward

EU and UK flags

U.K.’s Truss drops tax cuts, axes Treasury chief amid turmoil

Yields on 10-year government bonds up, BoE ends emergency intervention

Retail sales flat in September as U.S. inflation takes a bite

Americans ‘very concerned,’ pulling back on vehicles, electronics, furniture

CREA reports home sales in typically busy September continued to slow

Sellers can hold out for better market conditions: BMO

Intense winter storm brewing over ocean

Is the worst yet to come for the economy?

Advisors discuss the need to prepare for tough times

Small businesses bullish on future growth despite recession concerns: KPMG survey

Nearly two-thirds of respondents took recessionary risk mitigation measures

CMHC deputy chief economist predicts 15% housing price drop by Q2 2023

Housing affordability will not improve due to rising interest rates

Parliament Hill in Ottawa - Ontario, Canada

Budget officer projects considerably slower economy, declining federal deficit 

BoC to hike rate to 4%, 22-23 federal deficit to drop below $26 billion: PBO

Skyline of the financial district

RBC under investigation for alleged misleading claims about climate action

The Competition Bureau launched an inquiry following a complaint against the bank

  • By: IE Staff
  • October 13, 2022 October 13, 2022
  • 11:11
Inflation written newspaper

U.S. inflation pressures further intensified in September

Prices up 6.6% excluding food, energy; 8.2% overall

Canada Post officially launches nationwide loan program with TD Bank Group

The program provides more financial options for Canadians across the country

Federal Reserve voiced determination at last meeting to curb inflation

Meeting minutes reveal concern about U.S. economy's vulnerabilities

online investing

How to prepare for the hybrid DIY future

Digitization can provide product advice, but clients still want to talk to humans

TD expects steeper home price drop in early 2023 than initial forecast

Average sales growth forecast to fall 16%