Latest news in Industry News

As housing prices soar, advisors are adjusting their strategies

Some young clients fear missing out, while older ones may be sitting on unexpected gold mines

Covid vaccine-sharing discussions to dominate G7 summit talks

Leaders will also discuss the economy and a global minimum tax of at least 15% on corporations

Solar farm on a rural hillside

How do you measure the impact of an impact investment?

Growing concerns about “impact washing” were discussed at the RIA conference

Illustration and Painting

Digital shift cushioned blow to post-pandemic growth outlook, BoC deputy says

How much help the economy will need from the central bank remains uncertain

GameStop

Bruised but unbowed: meme stock investors are back for more

Investors continue to pile in to meme stocks, including AMC and Clover Health

Group of large oilsands operators commit to become net zero emitters by 2050

The strategy includes building a carbon sequestration facility in Cold Lake, Alta

Bank of Canada keeps key interest rate target on hold

The central bank expects a strong economic recovery starting this summer

stock market down

NEO offers MFDA reps real-time ETF data

The offering follows a pilot program with IG Wealth and Sterling Mutuals

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Climate metrics are imperfect, but advisors still need to start using them

Experts at the RIA conference said advisors should be discussing net-zero portfolios

CI GAM names its first-ever head of investment management

Marc-André Lewis joins the asset manager from the Abu Dhabi sovereign fund

  • By: IE Staff
  • June 9, 2021 June 9, 2021
  • 12:14
changes ahead sign

TD getting new head of private wealth, financial planning

The swap is effective June 14, with outgoing leader Dave Kelly providing guidance until September

  • By: Katie Keir
  • June 9, 2021 January 12, 2022
  • 11:23

Multinationals may face higher taxes under G7 proposal: Fitch

Globalization, digitalization and the need to repair post-pandemic finances are behind the global tax idea

Consumer debt driven by new mortgages, but credit card debt at six-year low

The largest increases in consumer debt were in British Columbia and Ontario

Carney warns of climate exposure at RIA conference

The former central bank governor spoke about adjusting portfolios for climate change

Business owner checking stock

Providing funding and inspiration for Black entrepreneurs

A new VC fund aims to raise $10 million for Black entrepreneurs in the tech space

One in five Canadian investors plans to switch wealth providers: EY study

Clients looking to transfer assets to another firm will typically move one-third of their assets

A global network of investment points

Canada to tax tech giants as planned despite G7 tax deal, says Freeland

G7 finance ministers agreed to a global minimum corporate tax of at least 15%

oil pump

Morgan Stanley shutters Calgary office: report

The investment banking office closes amid declining interest in the oil sector

  • By: IE Staff
  • June 7, 2021 June 7, 2021
  • 11:54
announcement

PenderFund names new SVP for investments

Geoff Scott joined the Vancouver-based firm last month

  • By: IE Staff
  • June 7, 2021 June 7, 2021
  • 11:54
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University of Waterloo will teach sustainable financial management

A program launching in 2022 will combine expertise from the university's finance and environment faculties

  • By: IE Staff
  • June 4, 2021 June 4, 2021
  • 11:06

Fed plays limited role in assessing climate risks for banks

The central bank can help assess risks, but Fed chair Jerome Powell said the private sector, elected officials must take the lead

up and down arrows

Canaccord reports record revenues, drops proposal to acquire RF Capital

The firm said it will continue to focus on recruitment and organic growth

  • By: IE Staff
  • June 2, 2021 June 2, 2021
  • 15:45
announcement

OSC names members of Seniors Expert Advisory Committee

Members will serve a one-year term

  • By: IE Staff
  • June 2, 2021 June 2, 2021
  • 14:38

Empire Life partners with digital platform to offer employee benefits to small biz

The Simply Benefits platform allows advisors, employers and employees to manage benefits

  • By: IE Staff
  • June 2, 2021 June 2, 2021
  • 11:29

Laurentian Bank reports $53.1M profit in Q2, beats expectations

The bank continued a trend that saw Canada's large banks report better-than-expected results