U.S. retail sales were flat in July as inflation takes a toll
Americans spent more on building, garden supplies; less at clothing stores
- By: Paul Wiseman and Anne D’innocenzio, The Associated Press
- August 17, 2022 August 17, 2022
- 11:51
Latest news in Industry News
Negative market returns weigh on Q2 pension funding: FSRA
The median solvency ratio decreased slightly after eight straight quarterly improvements
- By: IE Staff
- August 16, 2022 August 16, 2022
- 15:27
Industry ‘will see how things shake down’ with new lifeco solvency metric
Changes to the life insurance capital adequacy test, released in July, take effect in 2023
- By: Greg Meckbach
- August 16, 2022 August 16, 2022
- 14:52
China cuts interest rate to shore up sagging economy
The Communist Party effectively acknowledged last month that it can't hit this year's official 5.5% growth target
- By: Joe McDonald, The Associated Press
- August 15, 2022 August 15, 2022
- 10:26
MX to launch market making for overnight trading
Bourse issues RFP seeking firms to serve as market makers
- By: James Langton
- August 12, 2022 August 12, 2022
- 14:54
CI posts decline in revenue in volatile Q2
Total assets down 7.6% from previous quarter, but up 12.2% year over year
- By: Rudy Mezzetta
- August 11, 2022 August 11, 2022
- 15:32
Manulife reports $1.6B drop in Q2 earnings on market impacts
Participating insurance sales helped drive 32% premium increase in Canada
- By: IE staff, with files from Canadian Press
- August 11, 2022 August 11, 2022
- 15:09
Brookfield reports profit fell in the second quarter, revenue up
Record inflows contribute to strong fundraising outlook, the alternative asset manager said
- By: The Canadian Press
- August 11, 2022 August 11, 2022
- 10:25
Canada Pension Plan Investment Board loses 4.2% in Q1
Private equity, credit and real estate contributed "modestly" to the losses, the board said
- By: The Canadian Press
- August 11, 2022 August 11, 2022
- 10:09
Disinherited children win big in Alberta and B.C. courts
Such scenarios are becoming increasingly common as estate sizes increase, a Vancouver lawyer suggests
- By: Michael McKiernan
- August 11, 2022 August 11, 2022
- 09:52
Feds move ahead with CCPC measures
Draft legislation includes expanded SBD access, definition of substantive Canadian-controlled private corporation
- By: Michelle Schriver
- August 11, 2022 August 11, 2022
- 09:02
Distorted economic data makes recession call more difficult, economist says
Economist forecasts a "storm" in economic data as we emerge from the pandemic
- By: Greg Meckbach
- August 10, 2022 August 10, 2022
- 15:49
Finance releases details on new First Home Savings Account
Proposed rules outline age limit and allow unused contribution room to be carried forward
- By: Rudy Mezzetta
- August 9, 2022 November 23, 2022
- 16:16
Draft legislation addresses trust reporting, anti-flipping rules
The legislation also covered changes to RRSP and RRIF reporting, charity disbursements and more
- By: Melissa Shin
- August 9, 2022 August 9, 2022
- 15:31
Feds soften banks’ recovery dividend in draft legislation
However, the bank and insurer surtax remains at 1.5% for profits over $100M
- By: Melissa Shin
- August 9, 2022 August 9, 2022
- 14:27
New and upgraded tax credits coming for clients
The Liberal government is moving ahead with tax proposals
- By: Mark Burgess
- August 9, 2022 August 9, 2022
- 14:19
Vacation tips for advisors
To ease client worries, advisors may need to be responsive in case of emergencies
- By: Daniel Calabretta
- August 8, 2022 August 8, 2022
- 13:36
Canaccord reports first quarter net loss
The "abrupt deceleration" in world markets impacted the firm's financial performance, CEO said
- By: Daniel Calabretta
- August 5, 2022 August 5, 2022
- 16:56
‘What recession?’ U.S. employers add 528,000 jobs in July
Economists believe jobs market kept economy from slipping into downturn
- By: Paul Wiseman, The Associated Press
- August 5, 2022 August 5, 2022
- 15:18
IGM Financial reports Q2 net fund redemptions, 12.7% earnings drop
Assets under advisement and management dropped nearly 10% from the previous quarter
- By: IE Staff
- August 5, 2022 August 5, 2022
- 14:10
Canadians can’t walk the personal finance talk
Self-reported financial skills aren't backed by evidence, a CPA Canada survey finds
- By: Michelle Schriver
- August 5, 2022 August 5, 2022
- 13:07
Two months of Canadian job losses sign of shifting economy: economist
Drop in participation means unemployment unchanged from June
- By: Nojoud Al Mallees, Canadian Press
- August 5, 2022 August 6, 2022
- 09:32
Court calls for more evidence in closet indexing case
Class action certification decision awaits support of central allegation
- By: James Langton
- August 4, 2022 August 4, 2022
- 16:24
Why did you write the CFP exam?
FP Canada surveyed the most recent round of candidates
- By: IE Staff
- August 4, 2022 August 4, 2022
- 15:46
Sun Life profits fall on DentaQuest acquisition, ‘unfavourable’ market impacts
Wealth sales in Canada dropped 10% from a year ago
- By: IE staff, with files from Canadian Press
- August 4, 2022 August 4, 2022
- 15:11