Home News Industry News Page 74

Latest news in Industry News

B.C. only province back to pre-pandemic employment levels, report says

Taking population growth into account, CIBC says Canada's employment gap is around 650,000

Disability sign, white wheelchair graphic on blue background

Repay RDSP grants and bonds to eligible people, demand advocates

People who lost DTC eligibility under now-changed rules had to close their RDSPs and repay $34.4 million in grants and bonds

Pandemic sparks worries for those nearing retirement, poll finds

More Canadians expect to outlive their savings

Failure, Stock Market Crash, Bear Market, Crisis

Federal government posts $12.7B deficit for June

The drop in the deficit came as spending dropped compared with a year ago

advisor-client meeting

Liberals pledge to raise GIS

A qualifying senior couple would receive $750 more per year

Fed on track to slow aid for economy later this year

Chair Jerome Powell signalled the beginning of the end of the Fed's pandemic response in a Friday speech

Dilemma for Fed chief: High inflation and a surging virus

The decision for the U.S. central bank to dial back economic support becomes more complicated

CIBC chief Victor Dodig defends banking sector after Trudeau tax proposal

The bank's year-over-year income rose nearly 50% in Q3

Richardson Wealth to adopt Fidelity Clearing’s advisor tech platform

The platform will provide custody, clearing and trade settlement services

online investing

National Bank invests $103M in financial data company

The investment includes $30 million in growth capital

Young worried woman with empty piggy bank

Party leaders talk affordability in B.C., Ontario

Canada's political parties want to address the current cost of living crisis

plan idea

National Bank says no-commission trading was years in the works

The bank wants to increase its client base for its direct brokerage

Liberals target banks, insurers with tax hike on profits over $1 billion

Big financial institutions would also have to pay a pandemic recovery dividend

CSA to host roundtable that tackles greenwashing

A virtual panel will examine a range of regulatory issues driven by the rise of ESG investing

niche investment

RBC’s third-quarter profit rises to $4.3B

RBC chief executive David McKay doesn't expect the Covid-19 Delta variant to halt current momentum

arrow direction pointing up

National Bank beats Q3 profit expectations

The bank said its third-quarter profit rose to $839 million, up from $602 million a year ago

Liberals promise new tax-sheltered account for downpayment savings

The First Home Savings Account would allow Canadians under 40 to save $40,000 toward a home purchase

Bolstering green finance with blockchain

BIS project seeks to kickstart sustainable finance

BMO reports third-quarter profits up, beats expectations

BMO's wealth management business earned $401 million in the quarter, up from $341 million a year ago

Scotiabank Q3 profit beats expectations as high deposit levels reduce risk

The bank cut its provisions for credit losses by 83% compared with a year ago

  • By: Ian Bickis
  • August 24, 2021 August 24, 2021
  • 13:19

Ontario Teachers’ posts $8.6-billion mid-year gain

Total-fund net return of 9.6% since inception

office workers wearing gloves and masks

Most big banks to require office-bound workers to be fully vaccinated

The mandates at the banks follow announcements by Sun Life Financial Inc. and others

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

British Columbia may end civil jury trials

All jury trials were temporarily suspended due to Covid-19, and civil cases remain halted until 2022

AGF extends its private alternatives platform

The asset manager has a new private equity partnership with First Ascent Ventures

  • By: IE Staff
  • August 19, 2021 August 19, 2021
  • 12:34

Wealthsimple Cash becomes first Canadian service integrated into Twitter’s Tip Jar

The social media platform aims for hassle-free online transactions and more monetization features