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Alberta to resume indexing its tax brackets

De-indexing effectively forced Albertans to pay almost $647 million more in taxes from 2020 to 2022

Inflation written newspaper

Lower economic growth necessary to bring inflation down: BoC

The Bank of Canada's senior deputy governor spoke in Calgary one day after the latest interest rate hike

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OSC names new members of Investor Advisory Panel

Outgoing members include chair Neil Gross

  • By: IE Staff
  • September 8, 2022 September 8, 2022
  • 14:21

Higher rates likely won’t cause deep U.S. recession, Powell says

Federal Reserve chair suggests tighter monetary policy won't reflect the 1980s

European Union headquarters

European Central Bank makes largest ever interest rate hike

The ECB's benchmark is now 1.25% for lending to banks, with more hikes on tap

Modern urban skyscrapers in downtown Chicago from below to the blue summer sky. Sun reflecting in the glass facades of the urban futuristic buildings. Chicago, Illinois, USA

Banks adjust prime rates after BoC hikes again

The Bank of Canada said interest rates will need to rise further to bring inflation down to its 2% target

  • By: IE Staff
  • September 7, 2022 September 7, 2022
  • 15:58
RBC Bank branch stock photo

Bank CEOs say higher rates starting to dampen growth despite economic buffers

Pullback in commercial borrowing predicted

Fed’s Brainard: Rates to rise higher, stay elevated longer

Central bank official confident U.S. inflation will fall to 2%

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Bank of Canada raises key interest rate by 0.75%, says rates likely need to go higher

Short-term inflation expectations remain high

Latest credential undermines title regulation, advocates say

New designation approved by FSRA has requirements very similar to those of SROs

Lower U.S. job gain in August could aid Fed’s inflation fight

Unemployment rose to 3.7%, from 3.5% in July

How not to end an advisor partnership

A dispute among high-performing financial advisors demonstrates the importance of a clear departure agreement

  • By: Todd Humber
  • September 2, 2022 September 1, 2022
  • 11:00
Rolled newspaper with the headline Alternative Investments

Sun Life buying majority stake in Advisors Asset Management for US$214M

AAM to distribute SLC Management alts to U.S. retail market

global markets

Inflation hits 9.1% in countries using euro currency

Energy prices rose 38.3% in August in euro zone

Canadian economic growth lags expectations in Q2; July estimate points to contraction

BoC still says economy’s overheated while real GDP rose 0.8% in Q2

BMO wraps Big Six earnings with Q3 profits down from a year ago

The wealth management division saw a 15% income dip

oil pump

RBC climate action mild enough to pass Texas fossil fuel test

RBC was one of 19 financial institutions that Texas flagged for further investigation

Issues for advisors to watch this fall

Keep an eye on interest rates, inflation, legislation and more

  • By: IE Staff
  • August 29, 2022 August 29, 2022
  • 12:16
An informational traffic sign post indicating the financial market business concept of volatility

Growth in client leverage a potential risk

Regulators on alert as interest rates rise and markets are volatile

Sagicor buys insurer Ivari for $325 million

Ivari, formerly Transamerica Life Canada, offers life insurance and critical illness products

Disability sign, white wheelchair graphic on blue background

Manulife discontinues disability products for business owners

The insurer will stop accepting new business for four individual disability products as of Sept. 30

TD Bank prepares for economic downturn as profit falls in Q3

The bank set aside $351 million in the quarter for potential loan losses

CIBC sees profit dip as it set aside loan-loss provisions

In wealth management, volatility weighs on near-term growth, report to shareholders says

National Bank of Canada in Toronto’s financial district; National Bank of Canada is sixth largest commercial bank in Canada.

National Bank reports third-quarter profit down from year ago

The bank's wealth management business earned $181 million, up 10% from $164 million a year ago

RBC Bank branch stock photo

RBC reports Q3 profit down from year ago as it prepares for potential recession ahead

Wealth management operations earned $777 million in Q3, up year-over-year from $744 million