Brookfield Asset Management reports Q2 profit
The asset manager reported US$816 million, or 49 cents per share, in net income
- By: The Canadian Press
- August 12, 2021 August 12, 2021
- 10:06
Latest news in Industry News
U.S. consumer prices rose in July but at slower pace
Prices have increased a substantial 5.4% compared with a year earlier
- By: The Associated Press
- August 11, 2021 August 11, 2021
- 12:44
Feds launch public consultations on new luxury tax
The tax on expensive vehicles was part of the Liberals' 2019 election platform
- By: Rudy Mezzetta
- August 11, 2021 August 11, 2021
- 12:21
VersaBank relaunches Indigenous and remote community lending program
Robert-Falcon Ouellette and Roland Bailey will lead the program
- By: Maddie Johnson
- August 11, 2021 August 11, 2021
- 12:01
CI Financial acquires $3.4-billion Ohio-based RIA
The firm also announced earnings results for second quarter of 2021
- By: Rudy Mezzetta
- August 10, 2021 August 10, 2021
- 13:42
CARP partners with Purpose Investments to promote longevity fund
Association members will get a reduction in management fees
- By: Maddie Johnson
- August 10, 2021 August 10, 2021
- 12:51
Blackstone REIT to buy WPT Industrial REIT in deal worth US$3.1B including debt
The sale is expected to close in the fourth quarter of this year
- By: The Canadian Press
- August 9, 2021 August 9, 2021
- 15:10
Canadian business community largely supportive of vaccine passport system
Quebec will require proof of vaccination to access non-essential services where Covid-19 transmission is high
- By: Ross Marowits
- August 9, 2021 August 9, 2021
- 14:59
Brookfield Reinsurance to buy U.S. insurer American National for US$5.1 billion
The deal is expected to close in the first half of 2022
- By: The Canadian Press
- August 9, 2021 August 9, 2021
- 14:49
Feds launch consultations on increasing charities’ disbursement quotas
Finance is seeking comments about raising the rate and giving the CRA better enforcement tools
- By: Rudy Mezzetta
- August 9, 2021 August 9, 2021
- 12:09
Finance looking for input on underused housing tax
The proposal is for a 1% annual tax on the value of vacant real estate owned by non-residents
- By: Maddie Johnson
- August 9, 2021 August 9, 2021
- 11:59
SEC approves Nasdaq’s plan to require board diversity
Companies that don’t meet diversity criteria must explain why they couldn’t comply
- By: Alexandra Olson
- August 6, 2021 August 6, 2021
- 16:50
Leah Anderson appointed interim CDIC head
The senior Finance Canada official is stepping in after Peter Routledge's departure
- By: IE Staff
- August 5, 2021 August 5, 2021
- 13:39
Manulife beats expectations as second-quarter profit surges to $2.6 billion
Global wealth and asset management net inflows reached $8.6 billion
- By: The Canadian Press
- August 5, 2021 August 5, 2021
- 12:12
Sun Life Q2 profit increases 73% to $900 million
Canada was the biggest contributor to net profits in the quarter
- By: The Canadian Press
- August 5, 2021 August 5, 2021
- 12:05
IGM posts record profit in second quarter
Investment fund sales and assets under management topped previous highs
- By: Mark Burgess
- August 5, 2021 August 5, 2021
- 11:36
IIROC fines firm $350K for supervision failures
After an advisor's death, his clients complained about trading activity in their accounts
- By: IE Staff
- August 4, 2021 August 4, 2021
- 16:59
Highest proportion of at-home workers are in finance, insurance
Industry and firm size are key factors in the ability to work from home, StatsCan says
- By: IE Staff
- August 4, 2021 August 4, 2021
- 11:39
Canaccord profit up after record revenue from advisory fees
The firm said it will continue to grow its wealth management business
- By: IE Staff
- August 4, 2021 August 4, 2021
- 11:14
GWL base earnings increase 17% in Q2
MassMutual business contributed to the results
- By: The Canadian Press
- August 4, 2021 August 4, 2021
- 10:13
SEC’s Gensler says crypto investors need more protection
The SEC chairman said the regulator needs more authority and resources to regulate crypto markets
- By: Matt Ott, The Associated Press
- August 3, 2021 August 3, 2021
- 15:31
Canadian pension plans post positive returns in Q2
Better fixed income returns led to stronger results than in the first quarter
- By: IE Staff
- August 3, 2021 August 3, 2021
- 14:44
Calgary home sales slowed in July but still reached a record high: CREB
The average price of a home was $488,501
- By: The Canadian Press
- August 3, 2021 August 3, 2021
- 13:51
IA Financial moving to hybrid work model
The firm won't impose a mandatory number of days employees must spend in the office
- By: IE Staff
- August 3, 2021 August 3, 2021
- 10:46
CSA to create new single self-regulatory organization
Consolidated rules and enhanced governance will be part of the changes
- By: Michelle Schriver
- August 3, 2021 August 3, 2021
- 09:05