Latest news in Industry News

announcement

Air Canada’s Rovinescu joins Scotiabank board weeks after announcing retirement

The CEO will leave the airline in February

CRA offers flexibility on prescribed rate loans

The prescribed rate dropped to 1% from 2% in July, sparking "enormous interest" in refinancing

SCC greenlights class action against fund dealer, manager

The lawsuit involves risk disclosure

Expert forecasts new taxes for the wealthy

Why you should prepare clients now for the tax fallout from Covid-19

Statistics Canada says economy grew 1.2% in August as pace of growth slowed

TD Bank economists says Canada’s recovery is losing steam

Crypto firm seeks digital asset listing on CSE

Firm pursuing Canadian listing for SEC-registered digital tokens

Profits improve for Empire Life in Q3

New business strain was lower across all business lines due to a decrease in sales

  • By: IE Staff
  • October 30, 2020 October 30, 2020
  • 10:33
Metal handcuffs placed over the word fraud

Fraud in Canada continues to climb: StatsCan

Growth in fraud drives increase in national crime severity

Freeland says aid needed, but not infinite, as central bank targets 2022 for recovery

The finance minister defended the depth of government spending, which will send the deficit to a historic level

Inequality in capital markets persists: report

Only half of women in finance believe they're treated equally, a study finds

a man on a precipice

BoC holds rate, forecasts recovery by 2022

The central bank's outlook depends on the pandemic's path

female advisor on the phone

CRA letting employers reimburse home office furniture tax-free during Covid-19

Employer reimbursements of up to $500 for chairs, desks, as well as computers, not a taxable benefit, CRA says

Solar farm on a rural hillside

Europe leads, Canada falters in green finance

Zurich takes top spot in global rankings, while Vancouver moves up

Two senior ladies hiking in the woods

Survey finds Canadians aren’t sure how much they’ll need for retirement

Working Canadians have relatively low knowledge about financial topics, according to a Mackenzie survey

  • By: IE Staff
  • October 27, 2020 October 27, 2020
  • 13:26

Many worry about precarious finances amid second wave

A pair of surveys examined how Canadians are faring financially during the pandemic

a man on a precipice

Investment approaches to continued uncertainty

Panellists at the Toronto Global Forum share how they’re navigating Covid-19

TD launches financial planning app

Investors can build portfolios of individual TD ETFs or stocks

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

Results improve for HSBC in Q3

The bank recorded a profit of $157 million

  • By: IE Staff
  • October 27, 2020 October 27, 2020
  • 11:13
Canadian Parliament Building at Dusk

Federal budget update won’t have fiscal anchor, PM says

Trudeau said it would be premature to lock in a spending anchor while the country is still dealing with the pandemic

U.S. securities industry conducts continuity test

SIFMA leads successful industry-wide resiliency test

Feds extend deadline to apply for DTC, receive $600 disability benefit

The extension is welcome news for Canadians with disabilities

Newspaper stack

Five upcoming items to watch in Canadian business

The BoC's rate announcement is on the list

Whistleblower, reporter receive anti-corruption prize

Money laundering tipster, murdered journalist share award

Sun Life buying majority stake in U.S. investment manager

Deal sees Sun Life acquiring 51% of Crescent Capital

Alterna to merge Member Savings Credit Union

Member Savings offers banking services to LCBO employees