Industry moves this week
Retirements sparked changes across some firms
- By: Katie Keir
- October 26, 2023 November 1, 2023
- 14:14
Latest news in Industry News
What’s new in fintech?
New partnerships and integrations are making financial advice more efficient and client-focused
- By: Maddie Johnson
- October 26, 2023 October 26, 2023
- 13:22
iA Private Wealth approved for dual registration
Approval came nine months after the firm filed its initial application
- By: Katie Keir
- October 26, 2023 October 26, 2023
- 12:56
Hong Kong cuts taxes for foreign home buyers, stock traders
Unveils plans to reduce stamp duty on stock transactions, saying a vibrant stock market is vital to upholding the city's status as a financial hub
- By: Kanis Leung, Associated Press
- October 25, 2023 October 25, 2023
- 12:27
CRA to charge 10% interest on tax owing
The prescribed rate is set to rise in Q1 2024
- By: Rudy Mezzetta
- October 25, 2023 October 25, 2023
- 10:02
Scotiabank says it will close eight branches across rural Newfoundland
Customers in affected communities requiring in-person banking services will have to go to other branches
- By: The Canadian Press
- October 24, 2023 October 24, 2023
- 17:01
Macklem warned premiers about dangers of putting BoC’s independence at risk
The exchange is the latest example of the heightened political scrutiny the BoC has faced post-pandemic
- By: Nojoud Al Mallees, Canadian Press
- October 24, 2023 October 24, 2023
- 14:20
Premiers ask federal government for Covid-19 small-business loan extension
Additional year for repayment is requested
- By: Dirk Meissner, The Canadian Press
- October 20, 2023 October 20, 2023
- 15:09
Poilievre calls on Ottawa to block RBC’s $13.5B takeover of HSBC Canada
The Conservative leader cited competition concerns
- By: Ian Bickis, The Canadian Press
- October 20, 2023 October 20, 2023
- 14:39
Paris-based private investment firm opens Montreal office
Ardian has US$9 billion in AUM in Canada
- By: IE Staff
- October 19, 2023 October 20, 2023
- 16:32
Desjardins lays off 400, but advisors unaffected
The announcement comes a day after Scotiabank said it was cutting 3% of its global workforce
- By: IE staff, with files from Canadian Press
- October 19, 2023 October 19, 2023
- 13:23
Canadians less satisfied with Big 5 banks: survey
Most respondents said the banks could do better at communicating about fees
- By: IE Staff
- October 19, 2023 October 19, 2023
- 12:51
Scotiabank cutting 3% of global workforce
Will cut about 2,700 staff and take $590M Q4 charge after tax
- By: The Canadian Press
- October 18, 2023 October 18, 2023
- 14:30
Board diversity improves, but journey not over: report
C-suite change is slow for women, Indigenous people and those with disabilities
- By: Maddie Johnson
- October 12, 2023 October 12, 2023
- 13:34
Scotiabank, Sun Life form partnership for private investments
Scotiabank clients will get access to SLC's private asset strategies
- By: Mark Burgess
- October 10, 2023 October 10, 2023
- 14:30
“Pawns in this chess game”: Questions remain about CPA Canada split
The Ontario and Quebec organizations cited concerns about financial transparency regarding education programs
- By: Rosa Saba, The Canadian Press
- October 10, 2023 October 10, 2023
- 10:25
CSA chair outlines projects, commits to “thoughtful” regulatory approach
Industry watchdogs can't "sit in an ivory tower" as they push for industry change, said Stan Magidson
- By: Katie Keir
- October 5, 2023 October 5, 2023
- 16:15
Rising long-term interest rates pose latest threat to soft landing for U.S.
Higher borrowing costs could lead Federal Reserve to forgo another hike
- By: Christopher Rugaber, The Associated Press, The Associated Press
- October 5, 2023 October 5, 2023
- 12:38
Institutional investors committed to — and challenged by — ESG
Top concerns are returns, lack of starndardized data and regulation, Morningstar survey says
- By: IE Staff
- October 4, 2023 April 10, 2025
- 14:27
Fintech group pushes for action on open banking, payments modernization
Campaign cites high banking fees, payments processing costs
- By: IE Staff
- October 4, 2023 October 5, 2023
- 12:36
Review of multi-level-marketing MGAs results in enforcement for 65 life agents
The clampdown includes the sale of unsuitable universal life policies
- By: Michelle Schriver
- October 3, 2023 October 4, 2023
- 15:52
EQB signs deal for 75% stake in alternative asset manager ACM Advisors
ACM specializes in pooled Canadian commercial mortgage funds
- By: The Canadian Press
- October 3, 2023 October 3, 2023
- 10:45
IA Financial buying U.S. insurance company Vericity for US$170 million
Vericity includes insurance carrier Fidelity Life and direct-to-consumer agency eFinancial
- By: The Canadian Press
- October 3, 2023 October 3, 2023
- 10:32
Proposed AMT could discourage large philanthropic gifts
Only half of the donation tax credit can be applied against the AMT, down from 100%
- By: Rudy Mezzetta
- October 2, 2023 October 2, 2023
- 17:20
BMO Private Wealth makes layoffs, changes leadership structure
Brokerage reduces regions to four from six, eliminating nine positions
- By: Melissa Shin
- September 29, 2023 September 29, 2023
- 10:35