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Increased loneliness, isolation a side effect of inflation for Canadian seniors

Getting about costs money but the elderly are seeing a crunch on grocery bills, investment portfolios

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Demographic trends provide a floor to housing correction: RBC

Immigration and smaller households should boost demand and prevent a market spiral, a report says

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U.S. retail sales were flat in July as inflation takes a toll

Americans spent more on building, garden supplies; less at clothing stores

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Negative market returns weigh on Q2 pension funding: FSRA

The median solvency ratio decreased slightly after eight straight quarterly improvements

  • By: IE Staff
  • August 16, 2022 August 16, 2022
  • 15:27
Family life insurance, protection

Industry ‘will see how things shake down’ with new lifeco solvency metric

Changes to the life insurance capital adequacy test, released in July, take effect in 2023

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China cuts interest rate to shore up sagging economy

The Communist Party effectively acknowledged last month that it can't hit this year's official 5.5% growth target

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MX to launch market making for overnight trading

Bourse issues RFP seeking firms to serve as market makers

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CI posts decline in revenue in volatile Q2

Total assets down 7.6% from previous quarter, but up 12.2% year over year

Manulife head office building in Toronto, Canada. Manulife is a Canadian multinational insurance company.

Manulife reports $1.6B drop in Q2 earnings on market impacts

Participating insurance sales helped drive 32% premium increase in Canada

Brookfield reports profit fell in the second quarter, revenue up

Record inflows contribute to strong fundraising outlook, the alternative asset manager said

stock market down

Canada Pension Plan Investment Board loses 4.2% in Q1

Private equity, credit and real estate contributed "modestly" to the losses, the board said

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Disinherited children win big in Alberta and B.C. courts 

Such scenarios are becoming increasingly common as estate sizes increase, a Vancouver lawyer suggests

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Feds move ahead with CCPC measures

Draft legislation includes expanded SBD access, definition of substantive Canadian-controlled private corporation

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Distorted economic data makes recession call more difficult, economist says

Economist forecasts a "storm" in economic data as we emerge from the pandemic


Finance releases details on new First Home Savings Account

Proposed rules outline age limit and allow unused contribution room to be carried forward

Parliament Hill in Ottawa - Ontario, Canada

Draft legislation addresses trust reporting, anti-flipping rules

The legislation also covered changes to RRSP and RRIF reporting, charity disbursements and more

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Feds soften banks’ recovery dividend in draft legislation

However, the bank and insurer surtax remains at 1.5% for profits over $100M

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New and upgraded tax credits coming for clients

The Liberal government is moving ahead with tax proposals

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Vacation tips for advisors

To ease client worries, advisors may need to be responsive in case of emergencies

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Canaccord reports first quarter net loss

The "abrupt deceleration" in world markets impacted the firm's financial performance, CEO said

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‘What recession?’ U.S. employers add 528,000 jobs in July

Economists believe jobs market kept economy from slipping into downturn

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IGM Financial reports Q2 net fund redemptions, 12.7% earnings drop

Assets under advisement and management dropped nearly 10% from the previous quarter

  • By: IE Staff
  • August 5, 2022 August 5, 2022
  • 14:10
Lady overwhelmed by debt, tax, tax forms

Canadians can’t walk the personal finance talk

Self-reported financial skills aren't backed by evidence, a CPA Canada survey finds

Two months of Canadian job losses sign of shifting economy: economist

Drop in participation means unemployment unchanged from June

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Court calls for more evidence in closet indexing case

Class action certification decision awaits support of central allegation