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Canadian AUM up 34.5%, net income down 50.5% for Canaccord

Global wealth management revenue dropped 12.5%

  • By: IE Staff
  • June 3, 2022 June 3, 2022
  • 15:32
Shot of a senior woman in a wheelchair being cared for a nurse

Feds reintroduce legislation to create disability benefit

The Finance committee also proposed an amendment to DTC eligibility in the budget implementation bill

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

RBC caught up in Texas laws defending gun and fossil fuel industries

The bank's law compliance seems at odds with its environmental commitments

TSX launches battery metals index

The new benchmark offers insight into the energy transition, TSX CEO says

  • By: IE Staff
  • June 2, 2022 June 2, 2022
  • 14:20
growth

BoC open to hiking interest rates past 3%

Price pressures are broadening, the deputy governor said in a speech

Credit card spending climbs in Q1

For some households, rising interest rates and inflation may require a budget overhaul

  • By: IE Staff
  • June 2, 2022 June 2, 2022
  • 12:48
Wooden blocks with percentage sign and arrow up, financial growth, interest rate increase, inflation concept

Stagflation lite? Risk of stagflation grows, though unlikely a repeat of 1970s

‘The question is whether raising interest rates will slow inflation’

Feds may need to think beyond income taxes to get benefits to First Nations families

More creative approach needed: Auditor General

Rear view of traffic jam with breaklights showing

Insurance industry slow to act on Gender X

“Companies are going to have to and want to change with the times,” says financial advisor

DBRS downgrades CI rating to BBB

The rating agency cited "persistently high debt levels"

parliament hill

Canadian interest rate now at 1.5%

Bank of Canada is 'prepared to act more forcefully if needed'

parliament hill

Federal deficit nearly $96 billion for 2021-22

The 2021-22 deficit was $95.6 billion, down from $314 billion in 2020-21

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

National Bank reports Q2 profit up from year ago, raises dividend

The bank's wealth management arm earned $169 million in the quarter, up 3% from a year ago

Luxury vehicle tax to bring in less than $800M over five years: PBO

Parliamentary Budget Officer estimates the tax will reduce vehicle sales by a much greater amount, however

man using laptop

Commission-free trading driving satisfaction for DIY investors: J.D. Power

More than one-third of millennial DIY investors surveyed in Canada have invested in cryptocurrencies

  • By: IE Staff
  • May 26, 2022 May 26, 2022
  • 14:46

Retail sales essentially unchanged in March: StatCan

New car sales dropped 5.9% but Canadians spent more on building materials and garden supplies

CIBC reports Q2 profit down from year ago, wealth management profit up 20%

CIBC's Canadian commercial banking and wealth management business earned $480 million for the quarter

RBC’s McKay says “50/50” chance of recession as it reports revenue dip, earnings up

Net income for the bank's wealth management division increased to $750 million compared with $683 million a year ago

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

AUM up 3.5% at TD Bank

Assets under management in Canadian retail were $411 billion as of April 30, up from $397 billion at the end of Q2 2021

OSC withdraws some charges against former CannTrust leaders at hearing

Fraud charges remain

Federal Reserve officials signal rates may head to “restrictive” levels

Meeting minutes suggest half-point increases may be appropriate ahead

Modern office building close up in sunlight

Scotiabank reports profits up on loan growth, higher interest margins

Global wealth management earnings grew 9%

CRA clarifies tax treatment of settlement payments related to RRSPs, other plans

In an income tax folio, the Canada Revenue Agency clarified its position on settlement amounts and registered plans

stock market down

CPPIB says its fund earned 6.8% in latest fiscal year

Private equity, infrastructure, real estate helped contribute to returns

mature woman with tablet

How should inflation affect retirement withdrawal rates?

Experts at the Morningstar Investment Conference discussed strategies for anxious retirees