CIBC chief Victor Dodig defends banking sector after Trudeau tax proposal
The bank's year-over-year income rose nearly 50% in Q3
- By: IE staff, with files from Canadian Press
- August 26, 2021 September 3, 2021
- 13:28
Latest news in Industry News
Richardson Wealth to adopt Fidelity Clearing’s advisor tech platform
The platform will provide custody, clearing and trade settlement services
- By: Maddie Johnson
- August 26, 2021 August 26, 2021
- 12:29
National Bank invests $103M in financial data company
The investment includes $30 million in growth capital
- By: Maddie Johnson
- August 26, 2021 August 26, 2021
- 11:58
Party leaders talk affordability in B.C., Ontario
Canada's political parties want to address the current cost of living crisis
- By: Mia Rabson, The Canadian Press, The Canadian Press
- August 25, 2021 August 25, 2021
- 16:34
National Bank says no-commission trading was years in the works
The bank wants to increase its client base for its direct brokerage
- By: The Canadian Press
- August 25, 2021 September 7, 2021
- 16:12
Liberals target banks, insurers with tax hike on profits over $1 billion
Big financial institutions would also have to pay a pandemic recovery dividend
- By: Mark Burgess
- August 25, 2021 September 20, 2021
- 15:28
CSA to host roundtable that tackles greenwashing
A virtual panel will examine a range of regulatory issues driven by the rise of ESG investing
- By: James Langton
- August 25, 2021 August 25, 2021
- 13:01
RBC’s third-quarter profit rises to $4.3B
RBC chief executive David McKay doesn't expect the Covid-19 Delta variant to halt current momentum
- By: IE staff, with files from Canadian Press
- August 25, 2021 August 25, 2021
- 11:42
National Bank beats Q3 profit expectations
The bank said its third-quarter profit rose to $839 million, up from $602 million a year ago
- By: IE staff, with files from Canadian Press
- August 25, 2021 August 25, 2021
- 11:16
Liberals promise new tax-sheltered account for downpayment savings
The First Home Savings Account would allow Canadians under 40 to save $40,000 toward a home purchase
- By: Rudy Mezzetta, The Canadian Press
- August 24, 2021 January 17, 2023
- 17:14
Bolstering green finance with blockchain
BIS project seeks to kickstart sustainable finance
- By: James Langton
- August 24, 2021 August 24, 2021
- 14:34
BMO reports third-quarter profits up, beats expectations
BMO's wealth management business earned $401 million in the quarter, up from $341 million a year ago
- By: The Canadian Press
- August 24, 2021 August 24, 2021
- 13:49
Scotiabank Q3 profit beats expectations as high deposit levels reduce risk
The bank cut its provisions for credit losses by 83% compared with a year ago
- By: Ian Bickis
- August 24, 2021 August 24, 2021
- 13:19
Ontario Teachers’ posts $8.6-billion mid-year gain
Total-fund net return of 9.6% since inception
- By: Maddie Johnson
- August 23, 2021 August 23, 2021
- 11:44
Most big banks to require office-bound workers to be fully vaccinated
The mandates at the banks follow announcements by Sun Life Financial Inc. and others
- By: Tara Deschamps, The Canadian Press, The Canadian Press
- August 20, 2021 August 20, 2021
- 11:07
British Columbia may end civil jury trials
All jury trials were temporarily suspended due to Covid-19, and civil cases remain halted until 2022
- By: James Langton
- August 19, 2021 August 19, 2021
- 15:22
AGF extends its private alternatives platform
The asset manager has a new private equity partnership with First Ascent Ventures
- By: IE Staff
- August 19, 2021 August 19, 2021
- 12:34
Wealthsimple Cash becomes first Canadian service integrated into Twitter’s Tip Jar
The social media platform aims for hassle-free online transactions and more monetization features
- By: Tara Deschamps, The Canadian Press, The Canadian Press
- August 19, 2021 August 19, 2021
- 11:11
O’Toole takes aim at Trudeau and Singh over inflation
Headline inflation hit 3.7% in July — the highest year-over-year increase since 2011
- By: Jordan Press, The Canadian Press
- August 18, 2021 September 3, 2021
- 12:12
U.S industry plots move to T+1
Canada is also considering a move to the shorter settlement cycle
- By: James Langton
- August 17, 2021 August 17, 2021
- 12:43
Americans spent less in July as Covid-19 cases surged
Retail sales fell much larger than Wall Street analysts had expected
- By: Joseph Pisani
- August 17, 2021 August 17, 2021
- 11:32
Tories would require more transparency for investment management fees
The party's election platform also contains various tax proposals and targets an "overly aggressive" CRA
- By: Mark Burgess
- August 16, 2021 September 10, 2021
- 15:43
Fate of unfulfilled 2021 budget proposals uncertain with election underway
Certain measures from the 2019 election, such as a luxury tax, are sure to resurface in this campaign
- By: Mark Burgess
- August 16, 2021 August 17, 2021
- 13:38
Companies launch mandatory vaccination policies and experts expect more coming
The government said it expects employers in federally regulated industries, including banks, to require vaccinations
- By: Tara Deschamps, The Canadian Press
- August 13, 2021 August 13, 2021
- 15:33
Desjardins Group posts ‘solid’ earnings for Q2
Surplus earnings rose to $935 million before member dividends, up by more than 70% from a year earlier
- By: IE Staff
- August 13, 2021 August 13, 2021
- 13:34