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
Latest news in Industry News
More than 700 passed CPA Canada’s May exam
Two women were recognized for achieving high standing
- By: Maddie Johnson
- August 13, 2021 August 13, 2021
- 13:10
Court certifies class action against insurer over independent contractors
While the claim will proceed, the court suggested it may not be in the contractors' interest
- By: James Langton
- August 13, 2021 August 13, 2021
- 12:23
CPP Investment Board’s net assets now exceed $500B
The board's net assets for the quarter ended June 30 totalled $519.6 billion
- By: The Canadian Press
- August 13, 2021 August 13, 2021
- 10:42
NDP pledges to raise top marginal tax rate, capital gains inclusion rate
The corporate tax rate would also go to 18%
- By: Melissa Shin, The Canadian Press
- August 12, 2021 January 17, 2023
- 14:36
Fiera reports Q2 profit as assets grow
AUM reached $179.5 billion, up 4% from the previous quarter
- By: IE Staff
- August 12, 2021 August 12, 2021
- 11:21
Ontario boosts Covid-19 spending amid uncertainty around variants
The province is putting an additional $2.2 billion toward Covid-19 spending
- By: Allison Jones, The Canadian Press, The Canadian Press
- August 12, 2021 August 12, 2021
- 10:53
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
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