Latest news in Industry News

Federal wage subsidy payments to flow first week of May

Online applications will open April 27

By: Jordan Press
April 17, 2020 April 17, 2020
10:20

Provinces allow legal documents to be signed virtually

Rule change comes in response to Covid-19

By: IE Staff
April 16, 2020 March 19, 2021
16:20

Nominations open for two FP Canada awards

The deadline for nominations is June 10

By: IE Staff
April 16, 2020 April 16, 2020
12:27

Ottawa expanding loan program for small businesses hit by Covid-19

The government is also working on a rent-relief program for businesses

By: The Canadian Press
April 16, 2020 April 16, 2020
12:14

Private placement platform debuts new features

DealSquare 2.0 promises “full digitization” of the private placement process

By: IE Staff
April 16, 2020 April 16, 2020
10:59

Frustrated man calculating bills and tax expenses

Record 22 million seek U.S. jobless aid since virus outbreak

Another 5.2 million Americans sought unemployment benefits last week

By: Christopher Rugaber, The Associated Press
April 16, 2020 April 16, 2020
10:38

Liberals ease access to emergency benefit, plan to top up wages

Those making up to $1,000 a month will be able to qualify for CERB

By: IE staff, with files from Canadian Press
April 15, 2020 April 15, 2020
15:31

Man and woman sitting in cafeteria discussing finance for the month. Stressed couple looking at bills sitting in restaurant wearing uniform apron. Cafe staff sitting together looking at expenses and bills. (Man and woman sitting in cafeteria discussi

Feds, provinces urged to help small businesses cover rent

Rent relief would reduce the demand for CEBA and increase the effectiveness of the wage subsidy, CIBC says

By: IE Staff
April 15, 2020 April 15, 2020
14:37

Bank of Canada keeps key interest rate target on hold at 0.25%

The central bank says the current rate is as low as it can go to combat Covid-19

By: The Canadian Press
April 15, 2020 April 15, 2020
11:52

Commerce locks up and U.S. retail sales plunge an unprecedented 8.7%

The deterioration of sales outpaced the decline that took place during the depths of the Great Recession

By: Christopher Rugaber, The Associated Press, Anne D’Innocenzio, The Associated Press
April 15, 2020 April 15, 2020
11:25

Trouble ahead alternate text for this image

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

Modern urban skyscrapers in downtown Chicago from below to the blue summer sky. Sun reflecting in the glass facades of the urban futuristic buildings. Chicago, Illinois, USA

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

Business partnership meeting. Picture businessmans handshake. Successful businessmen handshaking after good deal. Horizontal, blurred (Business partnership meeting. Picture businessmans handshake. Successful businessmen handshaking after good deal. Ho

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