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Big U.S. banks to employees: Return to the office vaccinated

Several banks will require documented proof or declaration of vaccination

announcement

CIBC buying minority stake in Chicago-based financial firm

The investment in Loop Capital allows the bank to expand its U.S. wealth management business

  • By: IE Staff
  • June 23, 2021 June 23, 2021
  • 13:35

Financial firms made big pledges about racial justice last year. What’s happened since?

Many firms have new targets and strategies, but real change will take time

Modern urban skyscrapers in downtown Chicago from below to the blue summer sky. Sun reflecting in the glass facades of the urban futuristic buildings. Chicago, Illinois, USA

Banks facing calls to address racial barriers

Programs aim to root out bias from customer service, but more work is needed

Fed’s Powell says high inflation is temporary

Powell's comments come as financial markets struggle to interpret the Fed’s recent moves

CRA audits of ultra-wealthy Canadians yield zero prosecutions

The absence of criminal charges against high-net-worth residents comes in an era of rising wealth inequality

gavel on a laptop

Regulators handed out fewer fines last year, but returned more money to investors

Securities regulators ordered more than $42 million in restitution, compensation and disgorgement

parliament hill

Indigenous businesses in need of financial aid face barriers to accessing relief

For some, there is a feeling of distrust around government money

Richardson Wealth strikes deal with Envestnet to provide UMA platform

The brokerage's investment in technology is a key part of its new growth strategy

  • By: IE Staff
  • June 21, 2021 June 21, 2021
  • 11:33
Two happy carpenters shaking hands with senior customer after successful agreement in a workshop.

Family-owned businesses set to drive recovery, report says

A long-term mindset offers competitive advantage

  • By: IE Staff
  • June 17, 2021 June 17, 2021
  • 13:13

CBOE seeks to boost Canadian block trading

The exchange aims to grow block liquidity with a new offering in 2022

Skyline of the financial district

OSFI to raise domestic stability buffer for big banks

The amount of capital the banks must hold to cover unexpected losses will rise to 2.5%

parliament hill

Pharmacare a promise Trudeau might come to regret

The Liberals’ re-election prospects look promising thanks to the co-operation of Big Pharma

change direction

Fed sees faster time frame for rate hikes as inflation rises

The Federal Reserve may act sooner than planned to start dialing back low-interest rate policies

Frustrated man calculating bills and tax expenses

Why you could owe tax on a worthless TFSA

A quirk in the TFSA overcontribution waiver rules could lead to taxes owed on a zero-dollar account

FINTRAC sees rising threat from far-right terrorists

Banks and investment dealers should be aware of these groups' financing behaviour, the agency said in a bulletin

  • June 15, 2021 June 15, 2021
  • 16:57

Court overturns father’s decision to disinherit daughters

Adult twins who were disinherited by their dad have been granted 70% of his estate by a B.C. judge

Canadians face barriers to discussing finances with older adults

A CSA survey reveals challenges related to financial abuse

  • By: IE Staff
  • June 15, 2021 June 15, 2021
  • 13:55

Advisor Flow partners with Flinks

Independent advisors who use the platform will now be able to onboard clients more quickly

  • By: IE Staff
  • June 15, 2021 June 15, 2021
  • 11:11

Budget proposal will mean “big change” for CRA audits, lawyer says

A speaker at the 2021 STEP conference warns that CRA auditors could soon have greater authority to require individuals to answer questions

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