Latest news in Industry News

Upset stressed young Asian business man in suit with hands on head sitting on stairs. Unemployment and layoff concept.

Four in 10 financial workers feeling burned out

Only about half said their employer helps them cope with workplace stress

  • By: IE Staff
  • January 17, 2022 November 21, 2023
  • 14:17

2021 home sales set new record, top previous high by 20%

The national average home price hit $713,500 last month, up almost 18% from the previous December

CRA won’t administer proposed new trust reporting rules

Expanded trust reporting requirements announced four years ago were set to be effective, but feds still haven't passed legislation to enable them

Natixis sells minority stake in Fiera Capital

A 2019 distribution agreement remains in place, with Fiera as Natixis' preferred Canadian distributor

  • By: IE Staff
  • January 14, 2022 January 14, 2022
  • 12:43

Biden proposes three new U.S. Fed governors

If approved by the United States Senate, Michigan State prof Lisa Cook would be the first Black woman to serve on the Federal Reserve Board…

Mature businesswoman looking out of window with face mask

Helping clients make decisions in tumultuous times

For clients making life changes during Covid-19, advisors are providing clarity

ASC permanently bans convicted fraudster

The former Alberta resident operated a Ponzi scheme through his Ontario business

  • By: IE Staff
  • January 13, 2022 January 13, 2022
  • 13:17

Liberals extend repayment deadline for emergency business account to 2023

The program has provided loans worth almost $50 billion to more than 898,000 companies

$10 billion raised in IPOs last year on Canadian exchanges

Canaccord, Haywood and RBC DS were the top three dealers when measured by number of IPOs

  • By: IE Staff
  • January 12, 2022 January 12, 2022
  • 14:35

U.S. inflation soared 7% in past year, the most since 1982

Core prices jumped 5.5% year over year in the United States, the highest such increase since 1991, driven in part by mismatches between demand and…

CI Financial acquires Northwood Family Office

Toronto-based firm manages $2.2 billion in assets for HNW and UHNW clients

Fed vice-chairman Richard Clarida resigns amid trading scandal

Clarida was scheduled to finish his term this month but will instead resign about two weeks early

Banking regulator looking at higher capital buffer for climate risks

OSFI will launch discussions with financial institutions as it looks to produce climate risk guidelines this year

variety of euro coins and bills

Inflation hits record of 5% in 19 countries using the euro

Energy costs jumped 26%, Eurostat reports, while food price increases also contributed to European inflation

Fed officials now seeing U.S job market near full recovery

December minutes show policymakers suggested they could hike three times this year

ISS to launch new data verification portal

Initiative expands companies ability to fact check proxy research

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Canadian DB pensions should de-risk in 2022, experts say

Pension solvency and funding have increased over the past year

  • By: IE Staff
  • January 4, 2022 April 1, 2022
  • 13:37
cryptocurrencies

Federal documents hint at sweeping economic impact from central bank ‘digital loonie’

The Finance Department has looked at legislation linked to a central bank digital currency

OPEC, allies keep gradually pumping more oil amid omicron

Prices have recovered after a slide in late November when the new variant emerged

Europe’s shared notes and coins turn 20 at New Year’s

Work remains to reinforce the shared currency, finance ministers say

vintage microphones

Head of BMO Private Wealth to retire

Andrew Auerbach will depart in the coming months after more than two decades with the firm

  • By: IE Staff
  • December 30, 2021 December 30, 2021
  • 12:12
Piggy bank with national flag of Canada

CPP premiums are getting a bigger bump than planned

The reason lies with the pandemic's unique impacts on the labour market

Growing wealth versus paying debt: how Canadians ranked financial priorities

Among survey respondents who took on more debt in 2021, 37% said their expenses exceeded their monthly incomes

  • By: IE Staff
  • December 29, 2021 December 29, 2021
  • 15:11
words ESG on a wood block and Future environmental conservation and sustainable ESG modernization development by using the technology of renewable resources to reduce pollution and carbon emission.

Banks offer big climate commitments in 2021, but key details are yet to come

Canada's big banks are still major funders of the fossil fuel industry. It remains to be seen how quickly they are prepared to move toward…

Finance raises auto deduction rates

Two deduction limits haven't been raised since the early 2000s