Latest news in Industry News

A silhouetted businessman stands on top of a mountain peak and looks into the distance with a spyglass in front of a dramatic sunset in the distance

Hedge fund industry foresees asset growth in 2022

Investors will look to alternatives in a challenging market environment

  • By: IE Staff
  • December 23, 2021 December 23, 2021
  • 13:46

Court approves requests in Bridging case

Deadline for sale process extended to Feb. 28

  • By: IE Staff
  • December 23, 2021 December 23, 2021
  • 09:32
Canada Parliament and Canadian Flag over blue sky.

Government expands aid to workers, businesses hit by Omicron restrictions

The new policy loosens eligibility for Worker Lockdown Benefit through to Feb. 12

Canaccord expanding U.S. capital markets biz with Sawaya buy

Canaccord's U.S. capital markets business has been expanding since 2019 and is a "growing" revenue contributor

  • By: IE Staff
  • December 21, 2021 December 21, 2021
  • 14:56

Rep fined almost $1M for misappropriating client funds

The MFDA also issued a permanent ban to the former branch manager in Alberta

Don’t let FOMO from social media affect your investing decisions, experts say

While not a new phenomenon, "social media puts FOMO on steroids,'' Neil Gross says

  • By: Leah Golob
  • December 21, 2021 December 21, 2021
  • 14:39
a man interrupts a cascade of falling dominoes

Ontario should hit pause on new CMA: C.D. Howe

Proposed legislation doesn't keep up with a changing securities landscape, the think tank argues

Business owners worry about paying off Covid debt

CFIB calls for further support from federal government

Liberal tax promise tracker, updated

Find out the status of the proposals that matter to your clients

stock market down

Shortening Canada’s settlement cycle … again

Opinion: The beneficial change will require coordinated industry efforts

  • By: Jack Rando
  • December 20, 2021 December 20, 2021
  • 15:00

BMO to buy BNP Paribas’ Bank of the West for US$16.3 billion

The purchase will be funded primarily with existing capital

Close up of businesswoman using calculator while going through financial bills.

These mutual fund classes were hot in November

Net sales in long-term mutual funds were 33% higher in November than in October

a man interrupts a cascade of falling dominoes

OSFI holds uninsured mortgage stress test rate steady

The regulator said it's essential that lenders test borrowers to ensure that they can pay their debts

Canada Parliament and Canadian Flag over blue sky.

Trudeau details ambitious agenda for Freeland in mandate letter

Freeland directed to raise taxes on banks and insurers, introduce 15% minimum tax on high earners

announcement

CISRO appoints new chairman

Eric Jacob brings 20 years of industry leadership to the role

  • By: IE Staff
  • December 16, 2021 December 16, 2021
  • 15:50

Desjardins settles 2019 data breach class action lawsuit for up to nearly $201M

The agreement would allow eligible individuals affected by the breach to receive payment

Canadians worried about finances and inflation, polls suggest

Hours spent worrying increased 25% over the last year

  • By: IE Staff
  • December 16, 2021 December 16, 2021
  • 14:39

Donation of shares increases in popularity after strong market gains

Securities donations including stocks, bonds and mutual funds rose by 52% in the past year, CanadaHelps says

Modern office building close up in sunlight

National Bank latest financial institution to delay return-to-office plans

The change comes as Covid-19 numbers rise from the omicron variant

Inflation written newspaper

Macklem vows clarity so Canadians trust BoC as inflation stays at 4.7%

The central bank has grown uncomfortable with hot inflation readings

announcement

Pascal WealthTech acquires digital marketing platform for advisors

Living Wealth Media Inc. will develop new content programs for the firm's wealth management platform

  • By: IE Staff
  • December 15, 2021 December 15, 2021
  • 14:31

CI acquires US$6.4-billion Seattle-based RIA

Firm also takes a minority stake in alternative asset manager

estate planning

Finance releases final details of underused housing tax

Many pending taxation issues were not addressed in Tuesday's fiscal update, however

responsible investments fossil fuels oil and gas energy sector

Feds still planning green bond for early next year

The government said the $5-billion issuance would be the first of many

  • By: IE Staff
  • December 14, 2021 December 14, 2021
  • 17:06

Fiscal update has deficit lower than expected but Covid-19 spending still dominates

New tax revenues give the government $38.5 billion in extra spending room