Latest news in Industry News

Another month of solid U.S. hiring suggests more big Fed hikes

Hiring slowed but unemployment dropped to 3.5%

Man searches for job on the internet

Canadian economy sees modest employment gain in September, jobless rate falls to 5.2%

Gains in school jobs offset by losses in manufacturing, recreation

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

Higher interest rates needed, Macklem says

Early signs of a slowing economy aren't enough, the Bank of Canada governor said in a speech

Pile of cryptocurrency coins

CME plans new crypto benchmarks

Three new reference rates, indexes will debut on Oct. 31

a man on a precipice

IMF warns of higher recession risk and darker global outlook

The bleak projections come as central banks around the world raise interest rates to tame inflation

oil pump

OPEC+ makes big oil cut to boost prices

The move could deal the struggling global economy another blow

Toronto area home sales in September down 44% from last year as new listings fall

Detached home prices down 10% year over year, condos up 3%

Worker Wearing Medical Face Mask and Hard Hat Carries Cardboard Box Walks Through Retail Warehouse full of Shelves with Goods.

Statistics Canada says merchandise trade surplus fell to $1.5B in August

Second consecutive monthly export decline

CRA charging higher interest on amounts owed

Clients who owe the CRA would be wise to pay even if they dispute the amount, experts say

doctor clients

RBC buys MDBilling.ca in latest health-care push

Competition in the space picked up in 2018 after Scotiabank acquired MD Financial Management

Modern office building close up in sunlight

HSBC considering potential sale of Canadian business

It is the seventh largest bank in Canada and operates more than 130 branches across the country

client meeting

Asking the right questions with clients

Including clients in a solution will strengthen relationships

Filing a tax document online

Which of your fees are exempt from sales tax?

Advisors must navigate a series of complicated excise tax rules to ensure they are charging clients correctly

variety of euro coins and bills

Inflation hits record 10% in 19 EU countries using euro

Energy prices up 40.8%

Inflation, growth of food sales, growth of market basket or consumer price index concept. Shopping basket with foods on arrow.

Resilient U.S. consumers spend slightly more in August

Spending on track to slow in Q3

plant with coins

Don’t wait for clients to ask about planning gaps

Aspirational planners need to take action for clients, Planworth's James Fraser said at IAFP's 2022 symposium

  • By: Katie Keir
  • September 29, 2022 September 29, 2022
  • 15:59
Lots of smoking chimneys in a dark environment

CIBC aims to cut emissions intensity from power portfolio by 32% by 2030

The target is a step toward net-zero emissions by 2050

client meeting

AdvisorFlow enhances its digital platform

The fintech has partnered with Equisoft to accelerate collection of client data

  • By: IE Staff
  • September 29, 2022 September 29, 2022
  • 11:50

U.S. Treasury moves forward with database on corporate ownership

The measure aims to combat illicit finance

Spain agrees on temporary wealth tax, hikes for big earners

The revenue will finance initiatives to help people with lower incomes, the government said

The facade of the Royal Exchange in the City of London

U.K. central bank intervenes in market to halt economic crisis

BoE to buy long-dated British government bonds

Man searches for job on the internet

Labour shortage, pandemic savings to soften blow of short-lived recession: report

Deloitte predicts 6% unemployment, technical recession

Harbourfront finalizes investment from U.S. private equity firm

The financing will be put toward expansion, the firm said

  • By: IE Staff
  • September 27, 2022 September 26, 2022
  • 08:00

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