McKay tops bank CEO pay as strong earnings lead to compensation bump
Most executives' compensation last year exceeded their target pay
- By: Mark Burgess
- March 8, 2022 March 8, 2022
- 15:29
Latest news in Industry News
New angel fund targets women in tech
Fund seeks to finance early-stage ventures with high growth potential
- By: James Langton
- March 8, 2022 March 8, 2022
- 14:46
Market turmoil delaying advisor moves, RF Capital CEO says
Recruiting pipeline to Richardson Wealth, other independents, remains "very strong", Kish Kapoor says
- By: Rudy Mezzetta
- March 4, 2022 March 8, 2022
- 14:21
U.S. added 678,000 jobs in February
Unemployment dropped to 3.8% yet more Americans are looking for work
- By: Christopher Rugaber, The Associated Press
- March 4, 2022 March 4, 2022
- 13:35
Lack of investment planning access frustrates Nunavut residents
Territorial finance ministry says expansion of banks to hamlets is a private industry decision.
- By: Anthony Fong, The Canadian Press
- March 4, 2022 March 4, 2022
- 11:59
BoC must raise rates to moor inflation expectations, Macklem says
Broadening of price pressures is "a big concern," the central bank governor said
- By: Jordan Press, The Canadian Press
- March 3, 2022 March 3, 2022
- 15:40
TD profit up 14% in Q1, beats expectations
Strength in Canadian, U.S. retail banking underpinned revenue growth
- By: IE staff, with files from Canadian Press
- March 3, 2022 March 3, 2022
- 11:45
Big banks raise prime rate after BoC hike
The rise will increase the cost of loans such as variable-rate mortgages that are linked to the benchmark
- By: IE staff, with files from Canadian Press
- March 2, 2022 March 2, 2022
- 15:19
Ukraine war has investors grappling with geopolitics
The conflict is forcing investors to reassess growth and profit outlooks
- By: Mark Burgess
- March 2, 2022 March 2, 2022
- 14:27
Powell tells Congress that Fed will raise rates this month
The U.S. central bank chair expects “it will be appropriate” to raise interest rates at its March 15-16 meeting
- By: Christopher S. Rugaber
- March 2, 2022 March 2, 2022
- 11:47
Laurentian Bank Q1 profit up, beats expectations
Laurentian Bank of Canada reported first-quarter revenue of $257.5 million
- By: The Canadian Press
- March 2, 2022 March 2, 2022
- 11:22
Scotiabank reports $2.7 billion net income for Q1
The bank's AUM of $345 billion represents an 11% increase from last year
- By: IE Staff
- March 1, 2022 March 1, 2022
- 14:58
Canadian economy ends strong year with 6.7% growth in Q4
The economy held up better than many expected through the omicron wave, providing justification for rate hikes
- By: IE staff, with files from Canadian Press
- March 1, 2022 March 1, 2022
- 12:00
TD buying U.S. bank First Horizon for US$13.4 billion
Scotiabank also said Monday it's increasing its stake in its Chilean unit in a $1.3-billion deal
- By: IE staff, with files from Canadian Press
- February 28, 2022 February 28, 2022
- 11:51
National Bank reports Q1 profit of $932M, boosted by trading revenue
Net income for the wealth management segment was up 11% year over year
- By: IE staff, with files from Canadian Press
- February 25, 2022 February 25, 2022
- 15:26
CIBC revenue growth outpaces expenses, proposes stock splits
The wealth management business benefited from both market appreciation and client flows, the bank said Friday
- By: IE staff, with files from Canadian Press
- February 25, 2022 February 25, 2022
- 15:18
Canadian companies at risk from Russia cyberattacks in retaliation for sanctions
Financial, energy and telecom sectors are being monitored for potential threats
- By: The Canadian Press
- February 25, 2022 February 25, 2022
- 15:04
Alberta budget out of red, forecasts rosy economic future
The surplus is another pendulum swing for a province that for decades has been riding the dizzying highs and subterranean lows of oil and gas…
- By: Dean Bennett
- February 24, 2022 February 24, 2022
- 17:52
Russia Ukraine conflict raises big risks for global economy
Europe receives close to 40% of its natural gas from Russia
- By: Paul Wiseman And David McHugh, The Associated Press
- February 24, 2022 February 24, 2022
- 16:23
U.S. revises Q4 GDP estimate to 7%
For the full year of 2021, the U.S. GDP grew by 5.7%, the fastest calendar-year growth since 1984
- By: Paul Wiseman
- February 24, 2022 February 24, 2022
- 12:44
CFA Institute releases final diversity code for Canada, U.S.
In Canada, the code requires that organizations commit to embracing Indigenous reconciliation
- By: Melissa Shin
- February 24, 2022 February 24, 2022
- 11:59
Housing, tax fairness likely to feature in Budget 2022, experts say
Don't expect significant broad-based tax increases in the federal budget, but look for updates on several campaign promises from the Liberals
- By: Rudy Mezzetta
- February 23, 2022 February 23, 2022
- 17:34
B.C. budget forecasts $5.5B deficit
A three-year climate fund will support ongoing disaster cleanup and rebuilding in southern B.C. communities hit by last November's floods and mudslides
- By: Dirk Meissner
- February 22, 2022 February 23, 2022
- 20:00
Canadian retail sales dropped 1.8% in December
Sales dropped in eight of 11 subsectors including furniture, down 11.3%
- By: The Canadian Press
- February 18, 2022 February 18, 2022
- 11:47
BMO launches lending program for Black entrepreneurs
With this announcement, three of the Big Six now have specialized lending programs
- By: Melissa Shin
- February 18, 2022 February 18, 2022
- 09:01