Bank of Canada raises key interest rate amid stubbornly high inflation
Key interest rate now sits at 4.75%, highest it's been since 2001
- By: The Canadian Press
- June 7, 2023 June 7, 2023
- 11:34
Latest news in Industry News
Canaccord board to shareholders: reject management buyout
The special committee evaluating the offer was unanimous in its recommendation
- By: Melissa Shin
- June 5, 2023 June 5, 2023
- 18:59
FSRA targets advisor chargeback in updated DSC proposal
New proposed amendment addresses removal of DSCs on existing seg fund contracts
- By: IE Staff
- June 2, 2023 June 2, 2023
- 13:47
Canaccord management group providing no assurance that offer will be extended
The group said there's "no reasonable chance" conditions will be met by a June 13 deadline
- By: Mark Burgess
- June 2, 2023 June 2, 2023
- 12:26
Laurentian Bank reports Q2 profit down from year ago
The bank raised its quarterly dividend
- By: The Canadian Press
- June 1, 2023 June 1, 2023
- 15:21
ESMA seeks solutions to greenwashing
The risk of misleading disclosure pervades sustainable product lineups, European regulators say
- By: James Langton
- June 1, 2023 June 1, 2023
- 15:01
Why clients should be cautioned about fintech services
Without open banking, Canadians' data is at greater risk when they use unregulated apps
- By: Greg Meckbach
- June 1, 2023 June 1, 2023
- 11:31
DBRS changes CI trend to negative, keeps rating unchanged
Announcement follows S&P's downgrade of firm in early May
- By: Rudy Mezzetta
- May 31, 2023 June 1, 2023
- 16:33
National Bank reports Q2 profit down from year ago, raises quarterly dividend
Reports profit of $847 million for the quarter ended April 30, down from $889 million a year earlier
- By: The Canadian Press
- May 31, 2023 May 31, 2023
- 15:01
CRA announces prescribed rate for Q3
After rising for four consecutive quarters, interest rate charged on overdue tax to stand steady
- By: Rudy Mezzetta
- May 31, 2023 May 31, 2023
- 12:59
Great-West Lifeco sells Putnam Investments to Franklin Templeton
Barclays analyst predicts Winnipeg-based insurer will deploy capital to strategic growth avenues
- By: IE staff, with files from Canadian Press
- May 31, 2023 May 31, 2023
- 12:12
Cyberattacks a matter of when, not if: industry leaders
Firms should prepare and test responses, executives said at an IFIC event
- By: Melissa Shin
- May 30, 2023 May 30, 2023
- 10:36
Feds name three managers for $400-million social finance fund
Fund managers will receive money over the next five years to make social finance investments
- By: Mark Burgess
- May 29, 2023 May 29, 2023
- 16:04
Life insurers increase Assuris protection
Clients now get protection for at least 90% of their death benefits, seg fund guarantees and other coverages if their life insurer fails
- By: Greg Meckbach
- May 29, 2023 May 29, 2023
- 15:11
Americans should be exempt from Canada’s foreign housing tax, members of Congress say
UHT an “insulting” attack on Americans with second homes in Canada: Niagara politician
- By: The Canadian Press
- May 26, 2023 May 26, 2023
- 15:54
Federal government posts $41.3 billion deficit for 2022 23 fiscal year
Debt charge rose 42% from 2021-22 because of rate hikes, revenues up 8.6%
- By: The Canadian Press
- May 26, 2023 May 26, 2023
- 15:22
U.K.’s Treasury chief accepts that recession may be necessary to get inflation down
“We have to support the Bank of England” in “difficult decisions,” Jeremy Hunt tells Sky News
- By: Pan Pylas, The Associated Press
- May 26, 2023 May 26, 2023
- 14:23
A measure of inflation that is closely tracked by the Federal Reserve increased in April
Inflation “too sticky,” BoA analyst says as new data show prices increased 4.4% year over year
- By: Christopher Rugaber, The Associated Press
- May 26, 2023 May 26, 2023
- 14:04
Prince Edward Island government forecasts $98 million deficit in annual budget
Housing is one of the provincial government’s three priorities
- By: Hina Alam, The Canadian Press
- May 26, 2023 May 26, 2023
- 11:19
Data breach victims include Empire Life
The breach, which affected clients of InvestorCOM, has compromised information related to Empire Life's seg funds and mutual funds
- By: Greg Meckbach
- May 25, 2023 May 25, 2023
- 16:33
Threat of U.S. credit downgrade looms over debt ceiling talks
The stakes are growing in the standoff in Washington over raising the nation's debt limit
- By: Christopher Rugaber, The Associated Press, Paul Wiseman, The Associated Press
- May 25, 2023 May 25, 2023
- 15:17
Regulators warn investors of advisor impersonators
Fraudsters are posing as registered individuals
- By: IE Staff
- May 25, 2023 May 25, 2023
- 14:34
How to leverage — not loathe — compliance
Demonstrate and discuss your regulatory requirements with clients, IFB says
- By: Michelle Schriver
- May 25, 2023 May 25, 2023
- 12:26
Economic headwinds weigh on bank results as more money set aside for bad loans
Rising costs and slower loan growth are also challenges
- By: Ian Bickis, The Canadian Press
- May 25, 2023 May 25, 2023
- 12:18
BMO and Scotiabank report slowing growth, credit provisions put pressure on earnings
'Challenging market conditions' and 'shifting environment' said to be putting pressure on revenue growth
- By: Ian Bickis, The Canadian Press
- May 24, 2023 May 24, 2023
- 13:24