Federal deficit reaches $248.2B three-quarters into fiscal 2020-21
That compares with a deficit of $11 billion over the same period a year earlier
- By: The Canadian Press
- February 26, 2021 February 26, 2021
- 11:48
Latest news in Industry News
Earnings increased for CWB in Q1
The bank’s wealth management division saw a significant year-over-year increase in AUM
- By: IE Staff
- February 26, 2021 February 26, 2021
- 11:38
CPP Investments CEO resigns after travelling for Covid-19 vaccine
John Graham has replaced Mark Machin following events that "unfolded very quickly"
- By: Tara Deschamps, The Canadian Press, The Canadian Press
- February 26, 2021 February 26, 2021
- 09:11
TD reports Q1 profit up from year ago
Despite beating expectations, the bank's stock fell about 2.5% in midday trading
- By: Anita Balakrishnan, The Canadian Press
- February 25, 2021 February 25, 2021
- 14:24
Mortgage market, cash back credit cards boosted CIBC’s Q1 profit
The bank also reported record flows into its mutual fund sales business
- By: Anita Balakrishnan, The Canadian Press
- February 25, 2021 February 25, 2021
- 12:24
Earnings down for Empire Life in Q4
Declines in wealth management were partially offset by gains in individual insurance
- By: IE Staff
- February 25, 2021 February 25, 2021
- 12:04
Royal Bank reports Q1 profit up from year ago, beats expectations
Wealth management results were "very impressive," analyst says
- By: Anita Balakrishnan
- February 24, 2021 February 24, 2021
- 15:54
National Bank reports Q1 profit that tops expectations
Profit in wealth management was up 20% year over year
- By: Anita Balakrishnan
- February 24, 2021 February 24, 2021
- 15:52
Fed is in no hurry to raise interest rates, Powell says
Financial markets rebounded following the central banker’s comments
- By: Martin Crutsinger
- February 24, 2021 February 24, 2021
- 14:59
RBC, National Bank report Q1 profits that beat expectations
Banks are in a better position than before the pandemic, earnings suggest
- By: The Canadian Press
- February 24, 2021 February 24, 2021
- 10:25
Bank of Canada monitoring hot housing market amid early warning signs: Macklem
The head of the central bank warns of “excess exuberance” in the housing market
- By: The Canadian Press
- February 23, 2021 February 23, 2021
- 16:17
U.S. consumer confidence rises for second straight month
But consumers are more optimistic about current conditions than they are about the near future
- By: Matt Ott, The Associated Press
- February 23, 2021 February 23, 2021
- 13:07
RRSP contributions remain steady despite Covid-19, advisors say
Increased savings and a hot market mean many advisors are managing client FOMO
- By: Derek Clouthier
- February 23, 2021 February 23, 2021
- 13:03
Macklem points to child care, education to help ease protracted employment recovery
Making child care more affordable would help women return to the labour force, the BoC governor says
- By: The Canadian Press
- February 23, 2021 February 23, 2021
- 12:40
CLHIA calls on feds to allow annuities in TFSAs
The association’s pre-budget submission also asks the government to consider 20-year bonds
- By: Mark Burgess
- February 23, 2021 February 23, 2021
- 12:27
Hackathon targets global payments system
The BIS Innovation Hub and SWIFT are co-hosting a competition on cross-border payments
- By: James Langton
- February 23, 2021 February 23, 2021
- 12:00
IIAC calls for Hall of Fame nominations
Details on the celebration of this year’s inductees will be announced at a future date
- By: IE Staff
- February 23, 2021 February 23, 2021
- 11:51
Recovery incomplete, high inflation unlikely, Powell says
The Fed chair’s comments are in contrast to the increasing optimism about an economic rebound
- By: Christopher Rugaber, The Associated Press, Martin Crutsinger
- February 23, 2021 February 23, 2021
- 11:15
Scotiabank beats expectations in Q1
The bank recorded a first-quarter profit of almost $2.4 billion
- By: Anita Balakrishnan
- February 23, 2021 February 23, 2021
- 10:38
BMO Q1 profit up from a year ago
More than 40% of earnings came from the U.S., where the vaccine rollout has been strong
- By: Anita Balakrishnan
- February 23, 2021 February 23, 2021
- 10:22
Canadian fund sales totalled $15.9B in January
Net sales of mutual funds hit $11.9 billion, while ETFs generated $4 billion in sales
- By: IE Staff
- February 22, 2021 February 22, 2021
- 13:32
Extra weeks to be added to Covid-19 benefits for workers and parents
The federal government is extending the eligibility periods for the CRB, CRCB and EI
- By: Jordan Press, The Canadian Press
- February 19, 2021 February 19, 2021
- 15:01
BIS seeks fintech head for new Toronto office
Hub for central bank innovation expanding to four new locations
- By: James Langton
- February 19, 2021 February 19, 2021
- 12:12
Latest CFP exam sitting had 72% overall pass rate
The exam results were strong amid the pandemic, said FP Canada
- By: Michelle Schriver
- February 19, 2021 February 19, 2021
- 10:31
Finance committee recommends capital gains exemption for private share donations
The pre-budget report also recommends reforming the registered disability savings plan
- By: Rudy Mezzetta
- February 18, 2021 February 18, 2021
- 15:58