National Bank beat expectations with Q2 profit of $801 million
The bank's wealth management business earned $165 million, driven in part by fee-based revenues
- By: IE staff, with files from Canadian Press
- May 28, 2021 May 28, 2021
- 10:57
Latest news in Industry News
Government to reimburse self-employed workers who repaid CERB
Details of how to request the reimbursement have been released
- By: IE Staff, The Canadian Press
- May 27, 2021 May 27, 2021
- 17:06
iA Clarington aims for sleeker, cleaner product lineup
The investment management firm plans to double its assets in the next five years
- By: Katie Keir
- May 27, 2021 May 27, 2021
- 14:37
TD Bank posts $3.7 billion in Q2 profit
The bank's strong results in Q2 reflect the underlying strength of its diversified businesses and improving economic conditions, said TD's CEO
- By: The Canadian Press
- May 27, 2021 May 27, 2021
- 13:46
Time for policymakers to focus on housing shortage: RBC
The bank supports recent measures to take pressure off Canada's housing market, said RBC's CEO
- By: Tara Deschamps, The Canadian Press, The Canadian Press
- May 27, 2021 May 27, 2021
- 11:54
Economic boost coming in the back half of 2021: CIBC
The bank beat analysts' expectations by earning $1.65 billion in Q2
- By: Tara Deschamps, The Canadian Press, The Canadian Press
- May 27, 2021 May 27, 2021
- 11:19
Access to capital, low trust in banks cited as barriers to Black entrepreneurs
Only one in three Black entrepreneurs said they have access to advisors they can trust
- By: IE staff, with files from Canadian Press
- May 26, 2021 May 26, 2021
- 16:00
BoC digital currency would be greener than Bitcoin, deputy says
However, the central bank doesn't yet see a need to offer its own digital currency
- By: Jordan Press, The Canadian Press
- May 26, 2021 May 26, 2021
- 15:46
New stress test may moderate housing market: BMO
The rule changes, effective June 1, could push buyers to seek more affordable homes
- By: Tara Deschamps, The Canadian Press, The Canadian Press
- May 26, 2021 May 26, 2021
- 11:19
CIBC to introduce fixed administration fees for certain investment funds
The asset manager said a fixed fee will offer “greater predictability and transparency”
- By: IE Staff
- May 25, 2021 May 25, 2021
- 14:37
U.S. proposes tax of at least 15% on global corporate profits
The proposed 15% is a floor, with further discussions encouraged to push the rate higher
- By: The Associated Press
- May 21, 2021 May 21, 2021
- 13:32
Environmentalists press Bank of Canada to be more active on climate change
The bank is working on issuing a federal green bond proposed in last month's federal budget
- By: Jordan Press, The Canadian Press
- May 21, 2021 May 21, 2021
- 12:26
U.S. businesses may have to report crypto assets to IRS
The Treasury Department issued a report Thursday that outlines proposals for new measures
- By: The Associated Press
- May 21, 2021 May 21, 2021
- 10:13
CPPIB reports record return for latest fiscal year
The investment manager's assets neared half a trillion dollars at the end of its 2021 fiscal year
- By: David Paddon, The Canadian Press
- May 20, 2021 May 20, 2021
- 10:09
CFA Institute adjusts focus in draft ESG disclosure standards
The draft released Wednesday differs from the architecture set out in the initial consultation paper
- By: Mark Burgess
- May 19, 2021 May 19, 2021
- 15:20
Merger of B.C. financial services, real estate regulators nears completion
The BCFSA will have a new structure and executive members
- By: IE Staff
- May 19, 2021 May 19, 2021
- 14:37
Virtual meetings to continue post-pandemic in B.C.
After Covid-19, companies in B.C. will have the option to continue to hold meetings online
- By: James Langton
- May 18, 2021 May 18, 2021
- 15:10
JPMorgan elevates two women to run bank’s biggest division
The appointments suggest CEO Jamie Dimon could choose a woman to lead the company after he retires
- By: Ken Sweet
- May 18, 2021 May 18, 2021
- 12:04
Fidelity launches saving, investing account for U.S. teenagers
The accounts will allow teens aged 13–17 to trade stocks and funds
- By: The Associated Press
- May 18, 2021 May 18, 2021
- 10:12
Manulife names global head of growing private markets business
Christoph Schumacher will take on the new role in Boston
- By: IE Staff
- May 17, 2021 May 17, 2021
- 11:11
Desjardins posted big gains in Q1
The cooperative reported surplus earnings of $798 million before dividends, powered by lower credit loss provisions
- By: IE Staff
- May 13, 2021 May 13, 2021
- 15:35
Brookfield AM reports rise in net income in Q1
Net income attributable to common shareholders was US$1.24 billion, as funds from operations hit a record high
- By: The Canadian Press
- May 13, 2021 May 13, 2021
- 15:03
Net redemptions slow as CI reports Q1 profit
The firm's assets under management continued to grow in the first quarter
- By: Mark Burgess
- May 13, 2021 May 14, 2021
- 11:56
Feds launch council on sustainable finance
Enhancing climate-related financial disclosures will be an early focus
- By: IE Staff
- May 12, 2021 May 12, 2021
- 14:44
FSRA updates title reg proposal
The Ontario regulator proposed a central registry of title users and shorter transition periods
- By: Michelle Schriver
- May 12, 2021 May 12, 2021
- 12:46