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Fairfax Financial warns of US$1.4 billion net loss in first quarter

Net losses reverse a significant portion of the US$1.7 billion net gains reported in 2019

By: The Canadian Press
April 15, 2020 April 15, 2020
11:14

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Banks brace for big loan defaults by U.S., global customers

Several banks announced their profits sank

By: Ken Sweet
April 15, 2020 April 15, 2020
10:59

A gavel rests on its sounding block with a several law books and a justice scale out of fucus in the background. A cool blue cast dominates the scene. (A gavel rests on its sounding block with a several law books and a justice scale out of fucus in t

Fraudster granted bail due to Covid-19 risk

A court has ruled that being in jail would make social distancing "difficult, if not impossible"

By: James Langton
April 14, 2020 April 14, 2020
16:43

CI partners with private markets investment manager

Adams Street Partners will offer CI's clients access to private equity and private debt investments

By: Maddie Johnson
April 14, 2020 April 14, 2020
12:10

JPMorgan Q1 profit drops 70% as it readies for loan defaults

Wells Fargo also saw profits plunge in Q1 due to the coronavirus pandemic

By: The Associated Press
April 14, 2020 April 14, 2020
11:53

GMP, Richardson announce extended negotiation period

Once Ontario lifts its state of emergency, the firms will have a 60-day negotiation period

By: Mark Burgess
April 14, 2020 April 14, 2020
11:11

Financial stock exchange market display screen board on the street

IMF: Stung by virus, global economy will shrink 3% in 2020

The organization predicts worldwide trade will plummet 11% this year and then grow 8.4% in 2021

By: Paul Wiseman, Martin Crutsinger, The Associated Press
April 14, 2020 April 14, 2020
10:24

Senate of Parliament Building, Ottawa, Canada

Nearly 5.4 million receiving emergency federal aid as requests climb

Parliament has approved the government's 75% wage subsidy

By: The Canadian Press
April 13, 2020 April 13, 2020
15:03

Suspend tax collection on RRSP withdrawals, C.D. Howe says

A suspension would provide liquidity to those who need it

By: Maddie Johnson
April 13, 2020 April 13, 2020
11:50

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Canoe Financial to acquire Fiera’s retail mutual funds

The transaction is expected to close in June

By: IE Staff
April 9, 2020 April 9, 2020
12:10

Fed rolls out $2.3 trillion plan to stabilize economy

More than one in 10 workers have lost their jobs to the coronavirus outbreak

By: Martin Crutsinger, The Associated Press
April 9, 2020 April 9, 2020
10:52

Shot of a stressed businesswoman sitting on the floor outside the boardroom

Unemployment reaches nearly 8% in March: StatsCan

Economists are warning that April's numbers could be worse

By: The Canadian Press
April 9, 2020 April 9, 2020
10:42

Upset stressed young Asian business man in suit with hands on head sitting on stairs. Unemployment and layoff concept.

Record number of Americans seek jobless aid since virus outbreak

The surge in claims has overwhelmed state unemployment offices

By: The Associated Press
April 9, 2020 April 9, 2020
10:30

Trudeau promises ‘relaxed’ rules for wage subsidy, more support for student jobs

Businesses now have to show only a 15% decline in revenue in March, compared to January or February

By: Teresa Wright, The Canadian Press
April 8, 2020 April 8, 2020
13:27

Impact of Covid-19 will be more profound than 9/11 attacks: CIBC’s Dodig

"Everyone will come out of this feeling a little less wealthy," Dodig says

By: Ross Marowits
April 8, 2020 April 8, 2020
11:38

Insurers adapt underwriting, digital channels in pandemic response

Covid-19 has delayed medical appointments for coverage

By: Michelle Schriver
April 7, 2020 April 7, 2020
13:52

IIAC seeks fee hike deferrals

The trade group warns that small dealers may be in peril from the pandemic

By: James Langton
April 7, 2020 April 7, 2020
12:57

Changes to emergency relief program coming to expand eligibility, Trudeau says

A Bank of Canada survey found workers were optimistic about their prospects before Covid-19 struck

By: Jordan Press, The Canadian Press
April 6, 2020 April 6, 2020
14:05

RBC GAM reports drop in mutual fund AUM in March

Mutual fund redemptions totalled $2.8 billion

By: Maddie Johnson
April 6, 2020 April 6, 2020
12:07

Businessman taking travel plan from a tourist agent at a tourist agency counter.

Some banks offer reduced credit card interest rate for clients affected by virus

Canada's biggest banks have also lowered their prime lending rates for Canadians struggling due to Covid-19

By: The Canadian Press
April 6, 2020 April 6, 2020
11:23

BMO defies market turmoil, closes M&A deal

Deal for U.S.-based electronic trading firm closes despite disruption

By: James Langton
April 6, 2020 April 6, 2020
11:11

Updated: U.S. taxpayer clients should request a filing extension with the IRS

Extension provides flexibility for filing other U.S. tax information forms

By: Rudy Mezzetta
April 6, 2020 April 13, 2020
09:20

CEO out, new board chair in as Liberals shake up infrastructure bank leadership

Michael Sabia is the agency's new chair

By: The Canadian Press
April 3, 2020 April 3, 2020
16:03

Trading surges amid extreme volatility

TMX reports monthly transactions double in March

By: James Langton
April 3, 2020 April 3, 2020
11:48

Fund industry weathers stock market storm

Reports on sales and assets offer initial glimpse of industry impact

By: James Langton
April 3, 2020 April 3, 2020
11:24