Latest news in Industry News

Fed: Sharply higher rates may be needed to quell inflation

An ‘even more restrictive stance could be appropriate’ if inflation persists, U.S. central bank officials warn

Online mortgage application form on a digital tablet

Residential mortgage debt grew by fastest pace since 2008: CMHC

Clients who recently bought with variable rate mortgages could face significant monthly bill hikes

will and testament signature

CIBC partners with online will platform

Willful will be promoted to personal banking customers

Rising bond yields boost pension solvency even as assets drop

The median solvency ratio among DB plans increased to 109% in Q2, Mercer says

  • By: IE Staff
  • July 4, 2022 July 4, 2022
  • 11:18
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P&C broker acquires Newport Private Wealth

NFP's latest acquisition helps solidify its expanding asset-based business

  • By: IE Staff
  • June 30, 2022 June 30, 2022
  • 14:12
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Advisors expect annual asset growth of 10% over 3 years

Meeting that goal may require new strategies and business models, Natixis survey suggests

  • By: IE Staff
  • June 30, 2022 June 30, 2022
  • 12:17
little girl sitting in front of a computer while talking on the phone

Advice for novice advisors in tough times

How these experienced advisors handled unfavourable economic conditions

Powell: ‘No guarantee’ Fed can tame inflation, spare jobs

ECB President Christine Lagarde said ``energy was vastly underestimated'' in the bank's assessment of inflation

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Enforcement cases up, penalties down last year: CSA report

Regulators refined techniques to analyze cryptoasset trading, report says

  • By: IE Staff
  • June 29, 2022 September 7, 2023
  • 12:52
GDP sign on economy background - graph and coins.

U.S. economy slipped 1.6% to start year

American consumer spending substantially weaker than earlier thought

stack of files

Busy agenda for Finance in second half of 2022

Here's a list of consultations and pending draft legislation on key tax proposals

Europe’s central bank ready to ‘stamp out’ surging inflation

The ECB will end asset purchases on Friday that worked to boost the economy

Guardian Capital acquires majority of Ontario investment counselling firm

CEO Ken Rae sells his stake but stays on as key leader

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

Canadian banks facing increased regulatory scrutiny as they look to close U.S. deals

The Canadian banking industry's push south comes after U.S. President Joe Biden issued a broad executive order calling for increased competition

Canadian Parliament in Ottawa

Liberal tax promise tracker, summer edition

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

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Job vacancies grow in April to just over one million, wages rise in tight market

Payroll stats returned to or exceeded level of February 2020

Budget bill receives royal assent

Luxury tax and increased eligibility for the disability tax credit are now law as Bill C-19 passes

Energy sector powers this year’s Russell index reconstitution

Energy is the industry with the highest number of companies moving up from the Russell 2000 to the Russell 1000

The Fed - Washington DC - Policy and Politics

Powell: Fed aiming to avoid recession amid inflation fight

It’s ‘absolutely essential’ to ‘restore price stability,’ Fed chair tells lawmakers

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Canadian inflation now at highest since ’83

We’re ‘not expecting much of a reprieve,’ TD warns as inflation nearly hits 40-year high

Retail sales up 0.9% in April

Statistics Canada also says early estimate for retail sales in May suggests a gain of 1.6% for the month

Window closing on prescribed rate loans at 1%

Beginning next month, the minimum rate that can be charged on such a loan will double

Signing contract form

Penalties for pre-signed forms hit advisors’ pocketbooks hard

Revisiting the perennial and costly MFDA infraction

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Don’t expect GIC returns to cover inflation any time soon: HSBC

Active management continues to be important with high inflation and relatively low interest rates, HSBC executive suggests

Get ready for interest rates to climb ‘a lot higher,’ says First Trust economist

Inflation will ‘continue to be an issue’ until U.S. gets money supply under control, ETF Institute attendees heard