Latest news in Industry News

Piggy bank with national flag of Canada

Budget promises funding for national regulator effort

Feds pledge funding for CSTO, despite recent demise of CMAIO

VC investment program gets $450-million budget pledge

The feds' venture capital funding commitment will target life sciences and underrepresented groups

Solar farm on a rural hillside

Feds plan $5-billion green bond issue

Government to publish green bond framework, consult on "social bond" offerings too

Feds look to increase charities’ disbursement quota

Charitable foundation assets have grown to $85B, but disbursements "have not kept pace," Ottawa says

business owner with open sign

Covid support for businesses extended in 2021 budget

New measures include a hiring subsidy and e-commerce support

Feds make minor updates to RRSP rules in Budget 2021

The Liberals also raised OAS payments and proposed a foreign real estate tax

time clock

Budget 2021 revives tax issues from 2019

IPP changes, annuities and allocation to redeemers are back on the agenda

Your wealthy clients will soon pay more for luxury vehicles

The Liberals introduced a luxury tax in Monday’s federal budget

Canadian Parliament Building at Dusk

Liberals extend Covid-19 aid with election top of mind

The government has extended support for small businesses and introduced a luxury tax

“Britcoin” digital currency being considered by U.K.

The new currency would exist alongside cash and bank deposits

NEO launches new mid-cap SPAC

The exchange has created a new vehicle for bringing growth companies to market

A three-dimensional composition, a red arrow, breaks through the brick wall and can be used in any design

Canadian VC funding shatters record in Q1

The quarter had 157 deals, raising a total of US$2.49 billion

  • By: IE Staff
  • April 16, 2021 April 15, 2021
  • 09:00
calculator and pie charts

Profits surge for Citigroup, Bank of America in Q1

Both banks released billions from their loan-loss reserves

  • By: Ken Sweet
  • April 15, 2021 April 15, 2021
  • 15:16
edinburgh scotland

Canaccord to acquire Scottish investment manager

Adam & Company has £1.7 billion in discretionary assets

  • By: IE Staff
  • April 15, 2021 April 15, 2021
  • 11:24

Wells Fargo earned US$4.74 billion in Q1, topping estimates

The release of loan-loss provisions helped boost earnings

Liberals set to dive deeply into child care in upcoming budget

Funding for the provinces is expected to be tied to certain outcomes

U.S. Senate approves tough former regulator to head SEC

Gary Gensler is a former Wall Street banker and CFTC chair

Coinbase makes rousing Wall Street debut

The digital currency exchange was briefly valued at over $100 billion

Canaccord prepared to sweeten bid for RF Capital

The firm offers to raise its takeover price "materially" and improve terms for advisor shareholders

  • By: IE Staff
  • April 14, 2021 April 14, 2021
  • 12:03

Proposed ETFs from Evolve will offset carbon footprints of large companies

Investing in only carbon-neutral stocks limits your options, Evolve CEO Raj Lala says

  • By: IE Staff
  • April 14, 2021 April 14, 2021
  • 10:49

Goldman Sachs, JPMorgan profits surge in Q1

Trading revenues helped drive results

Ontario regulator to provide $500M credit facility to PACE Credit Union

FSRA says the move will protect PACE depositors against unexpected adverse events

Canadian Parliament Building at Dusk

Scotiabank CEO wants top-up for child tax credit, grants for businesses

Chief executive Brian Porter is also calling for an end to the interprovincial trade barrier

CI Financial names new CFO

Amit Muni will replace Doug Jamieson

BMO selling EMEA asset management business to Ameriprise Financial for $1.09B

The transaction is expected to close by the end of this year