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National Bank

National Bank receives Competition Bureau clearance for deal to buy CWB

Approval by OSFI, minister of finance still to come

Tearful FTX exec gets two years in prison

Caroline Ellison apologized for role in fraud, testified against CEO Sam Bankman-Fried

Man looking at two financial screens

Tech roundup: Raymond James, Manulife Wealth begin using Conquest Planning

Also, wealth firm in Victoria, B.C., adopts d1g1t

  • By: Jonathan Got
  • September 20, 2024 September 20, 2024
  • 13:59
AI technology

Bank of Canada drops plans to issue digital currency

Central bank also wonders how AI could affect inflation

House of Commons in Ottawa

Complex tax rules harm small businesses, industry orgs argue

Groups urge feds to launch a formal review of the Income Tax Act

TD bank. stock photo

TD CEO to retire next year, Chun named successor

In announcing his retirement, Bharat Masrani took responsibility for TD's money laundering failures

Phone finances

Wealthsimple reveals it’s profitable after 10 years in operation

Company aims to rival the big banks, by having more than a trillion dollars in AUA

Skyline of downtown Montreal in Summer

Coller Capital opens office in Montreal

Firm aims to expand its private wealth secondaries business

  • By: IE Staff
  • September 17, 2024 September 17, 2024
  • 15:00
home financing

Feds’ mortgage policy needs action on supply too: report

The changes are set to come into force mid-December

A gavel rests on its sounding block with a several law books and a justice scale out of fucus in the background. A cool blue cast dominates the scene. (A gavel rests on its sounding block with a several law books and a justice scale out of fucus in t

Crypto robbers get lengthy jail terms

Crew targeted crypto in a series of violent home invasion robberies, U.S. authorities charged

Boardroom talk

Liberals announce expansion to mortgage eligibility

The government is also releasing drafts for a bill of rights for renters, as well as one for homebuyers

Close up of a handshake

Advocis appoints new CEO as it rebuilds following its financial crisis

The appointment is effective Sept. 23

Shot of two businesspeople working together on a laptop in an office

Planners receive guidance on withdrawing services, making referrals

FP Canada clarifies financial planners' obligations when client relationships end

Real assets

CI Financial asks rating agency to stop covering it

Toronto-based firm takes issue with methodology used by Morningstar DBRS, which downgraded it earlier this year

Senior couple

Industry groups call on feds to reduce or ditch RRIF mandatory withdrawals

CALU and IIAC hope government will reconsider minimum RRIF withdrawal regime in the 2025 budget

Handshake icon on wooden cube with people icons

Canaccord Genuity buying Brooks Macdonald Asset Management

The deal represents an important addition to Canaccord's international operations, firm says

RBC Bank branch stock photo

RBC names Katherine Gibson as permanent CFO

The bank had named Gibson as interim CFO in April when it fired Nadine Ahn

Green planet

ESG investment isn’t dead; priorities are changing: Millani

Some firms change sustainability communications in light of ESG pushback in the U.S.

Change concept with red paper airplane leading among white

Wellington-Altus establishes credit with Ares in effort to fuel growth

Capital will be deployed to add advisor teams, acquire wealth businesses

A gavel rests on its sounding block with a several law books and a justice scale out of fucus in the background. A cool blue cast dominates the scene. (A gavel rests on its sounding block with a several law books and a justice scale out of fucus in t

Former RBC CFO further pushes back against firing in legal filings

Nadine Ahn is challenging the claims against her in a $50-million lawsuit

CIBC sign on the north wall building

CIBC making changes to senior executive ranks

The changes will strengthen the bank's client focus and business performance, CEO says

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

Some banks rethinking strategy on mortgage competition

High interest rates have led to a slowdown in housing market, slower growth in mortgages

parliament hill

NDP scrapping deal that propped up Liberals

Singh says the Liberals 'don’t deserve another chance from Canadians'

Personal finances

FP Canada’s revenue holds steady year over year

Net assets were down 7%

Business partnership meeting. Picture businessmans handshake. Successful businessmen handshaking after good deal. Horizontal, blurred (Business partnership meeting. Picture businessmans handshake. Successful businessmen handshaking after good deal. Ho

VersaBank closes Stearns Bank deal

Acquisition to allow London, Ont.-based bank to expand its main lending product into the U.S.