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ESG influence set to rise in 2021: Fitch

Growing role for sustainability among financials will spread to issuers

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Industry News

PM tells Freeland to spend as needed until crisis ends

Mandate letter tells minister to use “whatever fiscal firepower” is necessary while also avoiding “new permanent spending”

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From the Regulators

Former Wells Fargo exec sanctioned

OCC penalizes ex-general counsel in sales practices scandal

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From the Regulators

B.C. court approves class action settlement

Deal includes $2.4 million and cooperation with ongoing litigation

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Products

Fiera dives into mid-market private debt infrastructure

New strategy aims to create a diversified portfolio of private debt investments “below the target size” of large infrastructure debt lenders

  • By: IE Staff
  • January 15, 2021 January 15, 2021
  • 12:47
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Research and Markets

Banks well-armed for uncertain economy: DBRS

Profits likely to remain under pressure in 2021, but capital and liquidity are strong

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Products

Equitable Bank offers reverse mortgage to B.C. credit union members

The bank has partnered with Coast Capital

  • By: IE Staff
  • January 15, 2021 January 15, 2021
  • 12:34
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Industry News

JPMorgan’s profits jump as economy, investment bank recovers

U.S. bank's year-over-year profit jumped 42%

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Industry News

Wells Fargo Q4 earnings top Street estimates

The bank's profit rose 4% during the final quarter of the year

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Industry News

Biden unveils $1.9T plan to stem Covid-19 and steady economy

The plan includes an additional $1,400 for most Americans

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Research and Markets

Home sales hit record in 2020

December sales were up 47.2% compared with a year earlier

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Research and Markets

U.S. retail sales fell in December

They fell for a third straight month amid a surge in virus cases

Research and Markets

Sustainable finance set records in 2020: Refinitiv

New all-time highs for sustainable debt, equity issuance

Powell signals Fed will keep aiding economy with bond buying

The measure aims to encourage consumers and businesses to borrow and spend

Stock options tax revenue to slowly ramp up over a decade, PBO says

Revenue could reach as high as $144 million by 2033

U.S. exchanges scrap political contributions

Donations halted in response to attack on U.S. Capitol

FSRA appoints new board member

Dexter John will serve a three-year term

  • By: IE Staff
  • January 13, 2021 January 13, 2021
  • 11:40

Mackenzie appoints new CIO for equities

Lesley Marks steps into the role on Jan. 25

  • By: IE Staff
  • January 5, 2021 January 5, 2021
  • 11:10

Ontario finance minister resigns following Caribbean vacation

Treasury Board President Peter Bethlenfalvy will assume the role

Harvest launches two ETFs

New funds focus on travel and clean energy sectors

  • By: IE Staff
  • January 14, 2021 January 14, 2021
  • 12:54

ETF trends for 2021

Investors must decide whether to favour growth equities trading at lofty earnings multiples or more modestly valued segments that should benefit from an economic revival

  • By: Rudy Luukko
  • January 12, 2021 January 12, 2021
  • 15:00

BMO GAM launches ESG personality tool

The tool leverages data collected from high-net-worth investors

  • By: IE Staff
  • January 11, 2021 January 11, 2021
  • 11:13

IIROC drops rule proposals for identifying non-client accounts

Reforms developed for industry were rejected in a public consultation

AMF sanctions Desjardins over fund sales practices

The regulator found the firm's compensation structure favoured in-house funds

No dividend hikes, share buybacks for banks and insurers until lockdowns end: OSFI

Executive pay raises also remain on hold for now

Forecast remains gloomy for Canadian bank ratings: Fitch

Little room for upside, lots of potential for downside in banks' ratings

Renewed restrictions take a bite out of spending, growth: TD

Consumer spending at year-end returned to springtime lows

Global dividends to recover in 2021: IHS Markit

After slumping last year, payouts expected to grow 6.5% in 2021

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Address change would be temporary until quarantine efforts are lifted

  • By: IE Staff
  • April 1, 2020 May 13, 2020
  • 10:21

Keep calm and listen to your clients

We haven’t been through anything like this, but we’ve been through similar crises and recovered

SEC warns of new digital offerings

So-called IEOs may be rife with the same misconduct associated with ICOs