Laurentian Bank’s Q2 profit fell nearly 80%
The company also cut its dividend to gain more flexibility for the business
- By: The Canadian Press
- May 29, 2020 May 29, 2020
- 11:18
Latest news in Industry News
Toronto stock market dips on weakness in the energy and financials sectors
The TSX was down just over 9 points on Thursday
- By: The Canadian Press
- May 28, 2020 May 28, 2020
- 16:32
TSX looks to trade sustainable bonds alongside stocks
Exchange plans to offer trading on its equities platform in Q4
- By: James Langton
- May 28, 2020 May 28, 2020
- 13:55
OBSI creates consumer interest post on board
The organization is looking for a new consumer interest director
- By: Rudy Mezzetta
- May 28, 2020 May 28, 2020
- 13:08
TD Bank reports $1.5B Q2 profit as provisions for credit losses top $3B
Chief executive says the bank entered the crisis from a position of strength
- By: The Canadian Press
- May 28, 2020 May 28, 2020
- 10:24
Near-term headwinds weighed heavily on CIBC’s Q2 profits
The bank earned $392 million, down from $1.35 billion a year ago
- By: The Canadian Press
- May 28, 2020 May 28, 2020
- 10:06
Covid-19 aid programs will have to end, others to be modified, Trudeau says
CERB has already paid out more than $41 billion, surpassing its $35-billion budget
- By: Jordan Press, The Canadian Press
- May 27, 2020 May 27, 2020
- 16:21
CMHC sees declines in home prices, sales, starts that will linger to end of 2022
The more pessimistic scenario could see deferred mortgages turning into foreclosures
- By: Ian Bickis
- May 27, 2020 May 27, 2020
- 15:18
OSC provides update on burden reduction efforts
Investor advocates have voiced concerns about the OSC’s focus
- By: Greg Dalgetty
- May 27, 2020 May 27, 2020
- 12:54
Covid-19 rent aid for businesses, landlords to cost $520 million, PBO says
The estimate is uncertain, due to the lack of precedent for this kind of program
- By: The Canadian Press
- May 27, 2020 May 27, 2020
- 10:35
Royal Bank Q2 profit falls 54% as it increases provisions for bad loans
Loan loss provisions increased by $2.4 billion
- By: The Canadian Press
- May 27, 2020 May 27, 2020
- 10:21
BMO reports Q2 profit down from year ago as provisions for credit losses rise
The bank’s loan loss provisions totalled $1.11 billion for the quarter
- By: The Canadian Press
- May 27, 2020 May 27, 2020
- 10:06
National Bank reports Q2 net income of $379 million, beats analyst expectations
The bank set aside $504 million in loan loss provisions
- By: The Canadian Press
- May 26, 2020 May 26, 2020
- 17:11
CI acquires stake in another U.S. RIA, launches new private pools
The firm has now acquired an interest in four RIAs with total assets of US$6.6 billion
- By: IE Staff
- May 26, 2020 May 26, 2020
- 12:56
Scotiabank Q2 profit down from year ago as provisions for credit losses soar
Demand for deferrals in Canada peaked in the first week of April
- By: The Canadian Press
- May 26, 2020 May 26, 2020
- 10:16
AMF unit seeks research on pandemic’s effect on fintech
Grants available for both research projects and "knowledge transfer" projects, such as webinars
- By: James Langton
- May 25, 2020 May 25, 2020
- 16:37
BMO to axe DSC funds in November
The low-load DSC option will be removed from BMO’s mutual fund lineup
- By: IE Staff
- May 25, 2020 May 25, 2020
- 15:11
Companies removed from S&P Dow Jones Canadian dividend index
Covid-19 has prompted companies to slash dividends
- By: Mark Burgess
- May 25, 2020 May 25, 2020
- 11:25
Five things to watch for in the Canadian business world this week
Bank earnings and GDP numbers headline a busy week
- By: The Canadian Press
- May 25, 2020 May 25, 2020
- 10:26
Could government relief efforts signal future policy priorities?
The Liberals’ LEEFF program may provide insight into post-pandemic initiatives
- By: Greg Dalgetty
- May 22, 2020 May 22, 2020
- 16:08
CI takes full control of WealthBar, plans launch of CI Direct Investing
The new “hybrid” platform will offer DIY investing, wealth management and financial planning services
- By: Rudy Mezzetta
- May 21, 2020 May 21, 2020
- 10:26
Trudeau asks commercial landlords to give tenants help through new program
Applications open Monday but business groups have warned that landlords may not take part
- By: The Canadian Press
- May 20, 2020 May 20, 2020
- 12:35
First quarter earnings: A sector by sector look at the effects of Covid-19
Landlords, railways and insurers have all been affected
- By: The Canadian Press
- May 20, 2020 May 20, 2020
- 12:21
Morgan Stanley to launch Canadian wealth-management business
Canaccord Genuity has been selected as Morgan Stanley’s platform provider
- By: IE Staff
- May 20, 2020 May 21, 2020
- 11:40
Annual inflation rate turned negative in April, Statistics Canada reports
The drop in the annual rate was the first year-over-year decline since September 2009
- By: The Canadian Press
- May 20, 2020 May 20, 2020
- 11:27