Latest news in Industry News

Fed to accelerate withdrawal of economic aid as prices surge

Fed officials are expected to forecast two or three rate hikes next year at tomorrow's meeting

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Canaccord Genuity to buy U.K.-based wealth manager

Punter Southall Wealth Limited has roughly $8.5 billion in client assets

Younger investors more likely to drop advisors, embrace DIY investing

The appetite for professional financial advice breaks sharply along generational lines

  • By: Leah Golob
  • December 14, 2021 December 14, 2021
  • 15:46

TD closes three-year $500-million green bond

The transaction marks TD's first green bond issuance under its sustainable bonds framework

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

BoC to place ‘greater focus’ on labour market stats

New mandate could leave rates lower for longer, experts say

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Laurentian Bank reports $102.9M Q4 loss due to one-time charges

At the same time, the bank raised its dividend 10%

Hands counts money on American flag background

U.S. consumer inflation up 6.8% in past year, most since 1982

The Labor Department also reported Friday that prices rose 0.8% from October to November

Biden order would make U.S. government carbon neutral by 2050

President Joe Biden on Wednesday signed an executive order

Bank of Canada stands pat on key interest rate target

The bank maintained its guidance that rates aren't expected to rise until sometime between April and September

diverse group of advisors

Climate risk, diversity top proxy issues for 2022

ISS unveiled its voting advice changes for next year's proxy season

Canada Life launches sustainable target date funds

The seg funds look to invest in companies with strong ESG practices

  • By: IE Staff
  • December 7, 2021 December 7, 2021
  • 13:45
Modern office building close up in sunlight

CIBC to pay $125 million to settle class action lawsuit on subprime mortgage risks

Investors launched the suit in 2008 alleging that the bank misled the market

  • By: Ian Bickis
  • December 7, 2021 December 7, 2021
  • 13:33

Banks and insurers secure approval for virtual AGMs, raising participation concerns

Firms said they're looking for ways to improve the meetings

  • By: Ian Bickis
  • December 6, 2021 December 6, 2021
  • 15:35
Eurotower in Frankfurt am Main before sundown

Will the TFSA limit rise in 2023?

The odds are good, but the final answer won't come until November 2022

CI acquires US$6 billion New Jersey-based RIA

Deal for RegentAtlantic pushes CI past US$100B in U.S. assets

CWB Financial reports Q4 profit up from year ago, raises dividend

The Edmonton-based bank's annual revenue topped $1 billion for the first time, CEO says

BMO reports profit up, raises quarterly dividend 25%

Earnings were boosted in part by efficiency gains

TDAM launches two new global equity income funds

The all-in-one mutual funds provide diversity for investors seeking both growth and income

  • By: IE Staff
  • December 3, 2021 December 3, 2021
  • 12:13
Canada Parliament and Canadian Flag over blue sky.

With inflation pressures rising, Liberals to give budget update on Dec. 14

New spending measures could stoke price increases

niche investment

TD shares rise as it reports $3.8B Q4 profit, raises quarterly dividend

The question is how sustainable the positive results will be, analyst says

  • By: Ian Bickis
  • December 2, 2021 December 2, 2021
  • 15:16
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As omicron looms, “weary” clients may need some TLC

Emotions can run high amid quick corrections, advisor says

  • By: Katie Keir
  • December 2, 2021 December 2, 2021
  • 14:59
Financial stock exchange market display screen board on the street

The march to T+1 is on

The Canadian industry plans to stay in lockstep with the U.S.

CIBC sees revenue and expenses rise as it focuses on growth, raises dividend

Higher costs are mostly from employee compensation and strategic initiatives

TD Bank’s U.S. subsidiary settles lawsuit with data aggregator Plaid

The fintech was accused of using the bank's logo to trick users into handing over personal data

a woman entering a door of unknown mystery

Empire Life announces leadership appointments

The insurer named a new capital management SVP, CFO

  • By: IE Staff
  • December 2, 2021 December 2, 2021
  • 11:24