Latest news in Industry News

Powell stresses commitment to full employment and low rates

Least advantaged households have been most affected by job losses, the Fed chair said

‘Digital loonie’ should come from BoC, not private sector, deputy says

Only a central bank can guarantee privacy rights and universal access, Timothy Lane said in a speech

Richardson Wealth, Bloom Burton form healthcare sector–focused alliance

By combining their services, the firms aim to better support investment clients in the space

  • By: IE Staff
  • February 10, 2021 February 10, 2021
  • 11:01

Allianz X invests $53.5M in Purpose Financial for minority stake

The partnership will accelerate growth, Purpose says

Demand for some CERB recipients to repay the benefit scrapped by federal government

People who applied based on their net, rather than gross, income won’t have to repay the government

Family of novice investor who killed himself sue Robinhood

Robinhood has drawn criticism in its drive to bring more regular people into investing

Financial stock exchange market display screen board on the street

TMX caps stronger 2020 with Q4 profits growing to $71.8 million

Revenue totalled $219.5 million, up from $202.8 million a year earlier

Scotia makes portfolio advisor changes

Scotiabank renews lease in Toronto, but vacating top floors of Scotia Plaza tower

The move comes as the pandemic forces companies to rethink their office spaces with many employees working from home

CME Group pulls derivatives out of the Ether

The derivatives exchange launched new crypto futures

Share of insolvencies increased among debtors aged 50 and older

Older debtors saw the largest declines in income, report says

  • By: IE Staff
  • February 8, 2021 February 8, 2021
  • 12:34

Canaccord sells stake in U.K. wealth business

The deal will lead to net proceeds of approximately $210 million

Work from home tax deduction could cost feds $260 million: PBO

Claims are expected to skyrocket this year

Three quarters of QAFP candidates pass inaugural exam

FP Canada gave candidates the option of writing the exam in person or online

  • By: IE Staff
  • February 4, 2021 February 4, 2021
  • 10:04

How pension funds are positioning assets

Private equity allocations expected to increase, a poll found

  • By: IE Staff
  • February 3, 2021 February 3, 2021
  • 12:49

CIBC’s sale of FirstCaribbean rejected by regulators

The banks says the deal has been called off

It’s not just GameStop worrying Wall Street about a bubble

By some measures, the broad stock market looks more expensive than it did before the 1929 crash

  • By: Stan Choe
  • February 2, 2021 February 2, 2021
  • 16:02

CDS, CDCC developing new collateral management service

The venture aims to enhance collateral mobility and liquidity

Brookfield Property Partners reports Q4 loss compared with a profit a year earlier

The real estate company lost US$38 million for the quarter

stock market

MX seeks market makers for extended hours

The exchange is asking for feedback on promoting liquidity during the Asian trading day

Former Bank of Canada senior deputy governor Carolyn Wilkins joins Intact board

Wilkins oversaw strategic planning and economic and financial research at the central bank

rules and regulations

New course eases fund reps’ access to alt funds

IFSE Institute launches new qualifying course for alt funds

Waiting period temporarily waived for EI benefits

Between Jan. 31 and Sept. 25, applicants will be able to start their claims and receive benefits immediately

Red alert

Wealthsimple adds ‘risky’ label to certain stocks

Alongside GameStop shares, BlackBerry stocks also carry a warning

TSX’s new-look closing session gets OSC blessing

The exchange plans to adopt revised closing rules and functionality in October

Upset stressed young Asian business man in suit with hands on head sitting on stairs. Unemployment and layoff concept.

U.S. economy shrank 3.5% in 2020

GDP contraction in 2020 was the largest in 74 years