CIBC reports $1.73 billion Q1 profit as mortgage concerns ease
Company says fears of impaired loans in its U.S. office portfolio have also been sorted out
- By: Ian Bickis, The Canadian Press
- February 29, 2024 February 29, 2024
- 12:24
Latest news in Industry News
Investors wary of AI for investment decisions: survey
They want investment firms to be transparent about the use of AI and smart about mitigating risks
- By: Jonathan Got
- February 29, 2024 February 29, 2024
- 11:14
RBC reports $3.58B Q1 profit, with provisions for credit losses up
The bank's wealth management arm earned $606 million, down from $830 million a year earlier
- By: Ian Bickis, The Canadian Press
- February 28, 2024 February 28, 2024
- 11:05
National Bank reports $922M Q1 profit, up from $876M a year ago
Revenue for the quarter totalled $2.71 billion, up from $2.56 billion in the same quarter last year
- By: The Canadian Press
- February 28, 2024 February 28, 2024
- 10:56
Identity, mortgage fraud on the rise: Equifax survey
Fraudsters take advantage of economic vulnerabilities, credit reporting agency says
- By: The Canadian Press
- February 27, 2024 February 27, 2024
- 16:12
Pension funds improving modestly on climate but still too slow: report
Shift report downgrades CPPIB, gives AIMCo worst grade
- By: Ian Bickis, The Canadian Press
- February 27, 2024 February 27, 2024
- 15:26
Scotiabank reports Q1 profit up as recession fears clear
The bank doesn't see a pickup in Canada until later this year
- By: Ian Bickis, The Canadian Press
- February 27, 2024 February 27, 2024
- 14:21
BMO reports revenue and profits constrained by “challenging economic backdrop”
Wealth management earned $240 million, up from $159 million a year earlier
- By: Ian Bickis, The Canadian Press
- February 27, 2024 February 27, 2024
- 14:08
Wealthica offers consolidated reporting for family offices
The platform also launched a cost base calculator
- By: Jonathan Got
- February 27, 2024 March 18, 2024
- 12:34
BMO Insurance refines its underwriting questions
Targeted questions, simplified requirements are part of the changes
- By: IE Staff
- February 26, 2024 February 26, 2024
- 15:43
CI Financial reports $63.5M loss in Q4
Firm announces bid to repurchase up to $85 million of its shares
- By: Rudy Mezzetta
- February 23, 2024 February 23, 2024
- 13:52
Indigenous firms, First Nation to create investment dealer with Scotiabank
Over time, the bank intends to reduce its controlling stake
- By: Melissa Shin, Ian Bickis, The Canadian Press
- February 23, 2024 February 26, 2024
- 13:30
B.C. to introduce home flipping tax
Province's election budget boosts family benefits as deficit soars to $7.9B
- By: Dirk Meissner, IE staff, with files from Canadian Press
- February 23, 2024 February 23, 2024
- 10:31
Saskatchewan to spend extra $750M this fiscal year
Opposition calls for transparency
- By: Jeremy Simes, The Canadian Press
- February 23, 2024 February 23, 2024
- 10:00
CRA announces prescribed rate for Q2
Agency confirms the interest rate Canadians must pay on overdue tax will remain 10%
- By: Rudy Mezzetta
- February 21, 2024 February 21, 2024
- 15:22
$5.2 billion in home office expenses claimed last tax season
CRA has indicated that employees who worked from home in 2023 by choice can claim employment expenses
- By: Rudy Mezzetta
- February 21, 2024 April 10, 2025
- 12:38
iA Financial Group reports net income of $248 million for Q4 2023
Earnings per share were $2.46, up from $1.71 a year earlier
- By: Jonathan Got
- February 21, 2024 February 22, 2024
- 11:37
Product roundup: Mackenzie launches halal mutual fund
Also, Lester Asset Management launches Canada's first biodiversity fund
- By: Jonathan Got
- February 20, 2024 February 21, 2024
- 15:12
WCM’s Return to Bay Street program results in 18 hires in 2023
Hirees to work at eight different financial institutions
- By: IE Staff
- February 20, 2024 February 20, 2024
- 11:03
Must an employer provide a Form T2200?
Employees need the form to claim home-office expenses this tax filing season
- By: Rudy Mezzetta
- February 16, 2024 February 16, 2024
- 14:51
CPP Investments earned 3.4% in latest quarter
Net assets grew to $590.8 billion
- By: The Canadian Press
- February 15, 2024 February 15, 2024
- 15:16
Industry moves this week
Two people departed from Scotiabank, including veteran executive Jake Lawrence
- By: Katie Keir
- February 15, 2024 February 15, 2024
- 14:29
Manulife Financial reports $1.66B in net income in Q4
In Canada, assets under management were up 3% in 2023
- By: The Canadian Press, IE Staff
- February 15, 2024 February 15, 2024
- 12:14
Great-West Lifeco sees Q4 earnings rise to $740M
Net earnings were down for the company's Canada segment
- By: The Canadian Press, IE Staff
- February 15, 2024 May 2, 2024
- 11:48
Quebec’s top leaders announced for 2023
Guy Cormier and others were honoured by Finance et Investissement
- By: IE Staff
- February 14, 2024 February 14, 2024
- 11:24