Latest news in Industry News

Saskatchewan reverses planned tax hike, will issue $500 to residents

The province has enough money to balance the 2022-23 budget, says Finance Minister Donna Harpauer

Interior of the House of Commons in the Canadian Parliament

Liberal tax promise tracker, end of summer edition

Here’s the status of proposals that matter to your clients

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Canadian banks to report earnings amid rising interest rate environment

This week's results come with bank stocks under some pressure as part of the wider economic uncertainty

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OMERS reports 0.4% portfolio loss in first half of 2022

Ontario municipal workers’ pension fund had 6% net investment gain for year ending June 30

Statistics Canada says retail sales rose 1.1% in June to $63.1 billion

Inflation was main contributor; volume only up 0.2%

compensation communication

TD Wealth raises new planner pay

As the bid for talented advisors increases, other Big Six banks haven't made material changes to compensation for incoming branch advisors

  • By: Katie Keir
  • August 19, 2022 August 19, 2022
  • 10:30

Separation agreement didn’t terminate “marriage-like” relationship

A B.C. court case considers the validity of a common-law relationship

  • By: IE Staff
  • August 18, 2022 August 18, 2022
  • 17:24
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At takeover meeting, TD urged to better benefit underserved groups in U.S.

At issue is the bank's poor track record of serving Black, Latino clients

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Suspensions down, permanent bans up for financial planners in 2021

Enforcement activity was included in FP Canada's annual report

  • By: IE Staff
  • August 18, 2022 August 18, 2022
  • 14:24
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Increased loneliness, isolation a side effect of inflation for Canadian seniors

Getting about costs money but the elderly are seeing a crunch on grocery bills, investment portfolios

Home for sale with red and white real estate sign during the fall season. Fall season with leaves on ground. Front porch and windows in background. Residential neighborhood. Moving house, relocation concept. Realtor putting up signs.

Demographic trends provide a floor to housing correction: RBC

Immigration and smaller households should boost demand and prevent a market spiral, a report says

U.S. retail sales were flat in July as inflation takes a toll

Americans spent more on building, garden supplies; less at clothing stores

Negative market returns weigh on Q2 pension funding: FSRA

The median solvency ratio decreased slightly after eight straight quarterly improvements

  • By: IE Staff
  • August 16, 2022 August 16, 2022
  • 15:27

Industry ‘will see how things shake down’ with new lifeco solvency metric

Changes to the life insurance capital adequacy test, released in July, take effect in 2023

Fisheye and Aerial View of Beijing Skyline at Night

China cuts interest rate to shore up sagging economy

The Communist Party effectively acknowledged last month that it can't hit this year's official 5.5% growth target

MX to launch market making for overnight trading

Bourse issues RFP seeking firms to serve as market makers

CI posts decline in revenue in volatile Q2

Total assets down 7.6% from previous quarter, but up 12.2% year over year

Manulife head office building in Toronto, Canada. Manulife is a Canadian multinational insurance company.

Manulife reports $1.6B drop in Q2 earnings on market impacts

Participating insurance sales helped drive 32% premium increase in Canada

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Brookfield reports profit fell in the second quarter, revenue up

Record inflows contribute to strong fundraising outlook, the alternative asset manager said

stock market down

Canada Pension Plan Investment Board loses 4.2% in Q1

Private equity, credit and real estate contributed "modestly" to the losses, the board said

Disinherited children win big in Alberta and B.C. courts 

Such scenarios are becoming increasingly common as estate sizes increase, a Vancouver lawyer suggests

Feds move ahead with CCPC measures

Draft legislation includes expanded SBD access, definition of substantive Canadian-controlled private corporation

Distorted economic data makes recession call more difficult, economist says

Economist forecasts a "storm" in economic data as we emerge from the pandemic

Finance releases details on new First Home Savings Account

Proposed rules outline age limit and allow unused contribution room to be carried forward

Parliament Hill in Ottawa - Ontario, Canada

Draft legislation addresses trust reporting, anti-flipping rules

The legislation also covered changes to RRSP and RRIF reporting, charity disbursements and more