Home News Industry News Page 89

Latest news in Industry News

Vancouver home sales up 73% year over year, market shifts in favour of sellers

Low interest rates remain a key driver of home sales

Fiera sells rights to manage US$1.9B emerging markets fund

The move comes as part of a strategic review of Fiera's U.S. operations

  • By: IE Staff
  • March 2, 2021 March 5, 2021
  • 12:04

CFA Institute’s ESG product standards will build on current frameworks

The new standards will "weave together" ESG developments from around the world, says Brian Minns

Illustration and Painting

Canadian economy contracted 5.4% in 2020, worst year on record

Total economic activity in December was about 3% below the pre-pandemic level in February 2020

female investor

Pensions seek clear strategies, lower costs through in-house management

A CIBC Mellon survey shows pension funds plan to manage more assets internally

stock market gains

Federal deficit reaches $248.2B three-quarters into fiscal 2020-21

That compares with a deficit of $11 billion over the same period a year earlier

Earnings increased for CWB in Q1

The bank’s wealth management division saw a significant year-over-year increase in AUM

  • By: IE Staff
  • February 26, 2021 February 26, 2021
  • 11:38
announcement

CPP Investments CEO resigns after travelling for Covid-19 vaccine

John Graham has replaced Mark Machin following events that "unfolded very quickly"

Skyline of the financial district

TD reports Q1 profit up from year ago

Despite beating expectations, the bank's stock fell about 2.5% in midday trading

Mortgage market, cash back credit cards boosted CIBC’s Q1 profit

The bank also reported record flows into its mutual fund sales business

Earnings down for Empire Life in Q4

Declines in wealth management were partially offset by gains in individual insurance

  • By: IE Staff
  • February 25, 2021 February 25, 2021
  • 12:04

Royal Bank reports Q1 profit up from year ago, beats expectations

Wealth management results were "very impressive," analyst says

This picture says the development of economy, successful, and achievement

National Bank reports Q1 profit that tops expectations

Profit in wealth management was up 20% year over year

Fed is in no hurry to raise interest rates, Powell says

Financial markets rebounded following the central banker’s comments

RBC, National Bank report Q1 profits that beat expectations

Banks are in a better position than before the pandemic, earnings suggest

Miniature House on A Financial Graph

Bank of Canada monitoring hot housing market amid early warning signs: Macklem

The head of the central bank warns of “excess exuberance” in the housing market

U.S. consumer confidence rises for second straight month

But consumers are more optimistic about current conditions than they are about the near future

RRSP contributions remain steady despite Covid-19, advisors say

Increased savings and a hot market mean many advisors are managing client FOMO

Illustration and Painting

Macklem points to child care, education to help ease protracted employment recovery

Making child care more affordable would help women return to the labour force, the BoC governor says

CLHIA calls on feds to allow annuities in TFSAs

The association’s pre-budget submission also asks the government to consider 20-year bonds

a woman looking at her computer

Hackathon targets global payments system

The BIS Innovation Hub and SWIFT are co-hosting a competition on cross-border payments

IIAC calls for Hall of Fame nominations

Details on the celebration of this year’s inductees will be announced at a future date

  • By: IE Staff
  • February 23, 2021 February 23, 2021
  • 11:51
a man on a precipice

Recovery incomplete, high inflation unlikely, Powell says

The Fed chair’s comments are in contrast to the increasing optimism about an economic rebound

Scotiabank beats expectations in Q1

The bank recorded a first-quarter profit of almost $2.4 billion

BMO Q1 profit up from a year ago

More than 40% of earnings came from the U.S., where the vaccine rollout has been strong