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A gavel rests on its sounding block with a several law books and a justice scale out of fucus in the background. A cool blue cast dominates the scene. (A gavel rests on its sounding block with a several law books and a justice scale out of fucus in t

Inverse ETF class action revived on appeal

An appeal court has found that a proposed case against a fund manager may be able to proceed

Shot of a stressed businesswoman sitting on the floor outside the boardroom

Ontario makes temporary change to layoff regulations to help businesses

Businesses can avoid permanent layoffs and severance payments

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

Financial industry not immune to mental health challenges, survey finds

Finance and insurance workers scored lower than the overall index

British Columbia provincial parliament building, Victoria, BC

B.C. launches virtual pre-budget consultations

Government unveils online consultation process amid Covid-19

Close up of businessman hands making handshake - greeting, dealing, merger and acquisition concepts

AGF strikes revised deal for U.K. venture

Firm restructures deal that ran into regulatory snags and Covid-19 effects

Financial protection for the future, nest egg, retirement savings

Federal DB plans get break on solvency catch-up requirements

Finance provides a moratorium on solvency payments for 2020

Businessman Walk Over Cliff Gap Risk Mountain Balancing Flat Illustration

Major upcoming challenge for Federal Reserve

Fed Chair Jerome Powell discussed new Main Street Lending program on Friday

Financial accounting business sheet calculator

CWB Financial reports Q2 profit down as provisions for credit losses soar

ATB Financial was also hit by higher loan loss provisions

risk

Laurentian Bank’s Q2 profit fell nearly 80%

The company also cut its dividend to gain more flexibility for the business

close up image of stock market data on a computer

Toronto stock market dips on weakness in the energy and financials sectors

The TSX was down just over 9 points on Thursday

TSX looks to trade sustainable bonds alongside stocks

Exchange plans to offer trading on its equities platform in Q4

Partners discussing new plans

OBSI creates consumer interest post on board

The organization is looking for a new consumer interest director

close-up of the top of td canada trust tower building, toronto

TD Bank reports $1.5B Q2 profit as provisions for credit losses top $3B

Chief executive says the bank entered the crisis from a position of strength

CIBC HQ

Near-term headwinds weighed heavily on CIBC’s Q2 profits

The bank earned $392 million, down from $1.35 billion a year ago

Ottawa Canal at night

Covid-19 aid programs will have to end, others to be modified, Trudeau says

CERB has already paid out more than $41 billion, surpassing its $35-billion budget

Miniature House on A Financial Graph

CMHC sees declines in home prices, sales, starts that will linger to end of 2022

The more pessimistic scenario could see deferred mortgages turning into foreclosures

Close of businesswoman making announcement in paper trumpet

OSC provides update on burden reduction efforts

Investor advocates have voiced concerns about the OSC’s focus

Man buying fresh vegetables at farmer's market

Covid-19 rent aid for businesses, landlords to cost $520 million, PBO says

The estimate is uncertain, due to the lack of precedent for this kind of program

Business economic graph and chart digital illustration

Royal Bank Q2 profit falls 54% as it increases provisions for bad loans

Loan loss provisions increased by $2.4 billion

Indianapolis - Circa June 2017: Signage and Logo of BMO Harris Bank. BMO Harris is one of the Largest Banks in the Midwest V

BMO reports Q2 profit down from year ago as provisions for credit losses rise

The bank’s loan loss provisions totalled $1.11 billion for the quarter

businessman analyzing investment charts with laptop

National Bank reports Q2 net income of $379 million, beats analyst expectations

The bank set aside $504 million in loan loss provisions

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CI acquires stake in another U.S. RIA, launches new private pools

The firm has now acquired an interest in four RIAs with total assets of US$6.6 billion

  • By: IE Staff
  • May 26, 2020 May 26, 2020
  • 12:56
Bank of Nova Scotia, Toronto, On

Scotiabank Q2 profit down from year ago as provisions for credit losses soar

Demand for deferrals in Canada peaked in the first week of April

Fintech Investment - group of people in meeting with abstract charts and graphs on table

AMF unit seeks research on pandemic’s effect on fintech

Grants available for both research projects and "knowledge transfer" projects, such as webinars

suspicious client

BMO to axe DSC funds in November

The low-load DSC option will be removed from BMO’s mutual fund lineup

  • By: IE Staff
  • May 25, 2020 May 25, 2020
  • 15:11