Home News Industry News Page 57

Latest news in Industry News

oil pump

Canada can hike oil, gas output by 300,000 barrels a day: Federal natural resources minister

The EU imported about 2.3 million barrels of oil per day from Russia in 2021.

Canadian Parliament Building at Dusk

Federal deficit was $75.3 billion for first nine months

The federal government brought in $314 billion in revenue but spent $360 billion from April 1, 2021 through January, 2022.

Wooden blocks with percentage sign and arrow up, financial growth, interest rate increase, inflation concept

Near-term inflation higher amid Ukraine war: Kozicki

Two-thirds of CPI components now have inflation of more than 3%, BoC’s deputy governor warns

mining truck

SHARE’s voting guidelines now emphasize board diversity, mine safety

The Shareholder Association for Research and Education also advises funds to use Transition Pathways Initiative rating as a criterion for director votes

  • By: IE Staff
  • March 25, 2022 March 25, 2022
  • 13:19

Saskatchewan projects balanced budget by 2026–27

The province's fiscal position is supportive for credit

  • By: IE Staff
  • March 24, 2022 March 24, 2022
  • 14:04
rules and regulations

Ontario’s title protection regime gets ministerial approval

The rules come into force on March 28

Quebec to pay $500 to residents to offset inflation

The province's economy has posted a "remarkable" recovery from the pandemic, says Finance Minister Eric Girard

New Brunswick raises basic personal amount, cuts property tax

The Progressive Conservative government tabled its budget on Tuesday

CFA Institute announces first 16 signatories to diversity code

Asset managers representing US$2.5 trillion in AUM are among the inaugural organizations signing the code

  • By: IE Staff
  • March 22, 2022 March 25, 2022
  • 15:06
Canada Parliament and Canadian Flag over blue sky.

NDP to support Liberals until 2025, citing “fair taxation” as shared priority

The Liberals’ campaign promise to implement a surtax on financial institutions that profited during the pandemic was listed as a priority for both parties

technological developments

Big tech’s move into financial services presents risks, FSB warns

Big tech and fintech companies’ expansion could lead to market dominance, a report says

  • By: IE Staff
  • March 21, 2022 March 21, 2022
  • 13:25

Forstrong buys Shaunessy Investment Counsel

Acquisition is part of a multiyear plan to reach at least $3 billion in AUM, says Forstrong CEO Tyler Mordy

foreign country with stock market data

Russia says it transferred bond payment to avoid default

The country has about $40 billion in foreign currency debt

Pile of cryptocurrency coins

BoC takes another step in digital currency research, partnering with MIT

Many questions remain about how a CBDC would affect banks and wealth managers

BoE raises rates as Ukraine war boosts inflation

The move follows a December hike and concern about rising consumer prices

Fed begins inflation fight with key rate hike, more to come

Chair Powell said the economy remains sturdy enough to carry out a series of rate hikes without causing a downturn

advisor and client meeting

Why you should choose your clients wisely

Some advisors take on too many clients outside their core market, warns Cerulli Associates

  • By: IE Staff
  • March 16, 2022 March 16, 2022
  • 13:53
Canadian Parliament Building at Dusk

Tracking Liberal tax proposals before the budget drops

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

Inflation written newspaper

Canadian inflation hit 5.7% in February

Excluding gas, up 32.3%, February inflation would have been 4.7%

Filing a tax document online

CRA announces prescribed rate for Q2 2022

Despite inflation, the prescribed rate on loans to family members remains set at 1%

  • By: IE Staff
  • March 15, 2022 March 15, 2022
  • 12:40
foreign country with stock market data

Ontario Teachers’ Pension Plan earned 11.1% return in 2021

Private equity holdings rose 29% last year

Feds release draft legislation on luxury vehicle tax for consultation

Tax on pricey planes, boats and automobiles would be effective Sept. 1

  • By: IE Staff
  • March 11, 2022 March 11, 2022
  • 16:21

Household debt to income ratio hits record high

Credit market debt was 186.2% of household disposable income in Q4 2021, StatsCan reports

Cropped image of young woman holding resume over white

Unemployment rate falls to 5.5%, below pre-pandemic level

February gains were notable in sectors hardest hit by the pandemic such as food services and accommodation

Empire makes six acquisitions, forms new MGA

In other MGA news, Hub Financial acquires assets of The President's Group

  • By: IE Staff
  • March 10, 2022 March 11, 2022
  • 17:06