Desjardins Group says 2019 theft of 4.2 million members’ data cost $108 million
The financial institution released its Q4 results on Wednesday
- By: The Canadian Press, IE Staff
- February 26, 2020 February 26, 2020
- 14:26
Latest news in Industry News
GMP Capital formalizes plan to acquire shares of Richardson GMP
The firm also plans to change its corporate name to align with the Richardson brand
- By: Mark Burgess
- February 26, 2020 February 26, 2020
- 14:24
CIBC first quarter profit beats expectations as company embarks on restructuring
The bank’s Q1 results included a $339-million restructuring charge related to employee severance
- By: Tara Deschamps, The Canadian Press, The Canadian Press
- February 26, 2020 February 26, 2020
- 10:21
CBRE predicts record $50B investment for commercial real estate this year
Economic tailwinds and favourable immigration policies could help break the record set in 2018
- By: Ian Bickis, The Canadian Press
- February 25, 2020 February 25, 2020
- 15:37
BMO Financial Group reports $1.59B Q1 profit, tops expectations
The bank recently opened private wealth offices in Dallas and Atlanta
- By: Tara Deschamps, The Canadian Press, The Canadian Press
- February 25, 2020 February 25, 2020
- 13:44
Bank of Canada to create its own digital currency as ‘contingency,’ deputy says
There are still many steps to go through before the central bank can issue a digital offering
- By: Jordan Press, The Canadian Press
- February 25, 2020 February 25, 2020
- 13:03
Scotiabank reports $2.3B profit in Q1, tops expectations by analysts
The bank recently announced its exit, or intention to exit, 19 countries
- By: Tara Deschamps, The Canadian Press
- February 25, 2020 February 25, 2020
- 11:35
Appeal court overturns dismissal of pension class action
An Ontario court has ruled that pensioners’ interpretation of a cost-of-living clause should prevail
- By: James Langton
- February 24, 2020 February 24, 2020
- 17:07
Markets plunge as coronavirus outbreak spreads
Analysts warn of serious disruptions to the global economy
- By: David McHugh, The Associated Press
- February 24, 2020 February 24, 2020
- 15:03
New stress test unlikely to be a game-changer for homebuyers
Economists predict the new test for insured mortgages will lead to a modest increase in purchasing power
- By: Michelle Schriver
- February 24, 2020 February 24, 2020
- 13:53
RBC Ventures acquires billing service for doctors
Dr. Bill streamlines the billing process for physicians
- By: Maddie Johnson
- February 24, 2020 February 24, 2020
- 11:10
CRA puts focus on paper returns as tax filing season opens
The agency has made changes to the paper tax booklet to simplify the language
- By: Jordan Press
- February 24, 2020 February 24, 2020
- 10:32
Taxpayers’ Ombudsman slams CRA for processing delays
The ombudsman insists the needs of the many don’t outweigh the needs of the few
- By: Greg Dalgetty
- February 21, 2020 February 21, 2020
- 13:26
Royal Bank reports $3.5B first quarter profit, raises quarterly dividend
The bank saw record earnings in capital markets and growth in wealth management
- By: The Canadian Press
- February 21, 2020 February 21, 2020
- 10:13
Morgan Stanley to buy E-Trade for $13 billion
Morgan Stanley will acquire E-Trade's $360 billion in assets and 5.2 million customers as part of the merger
- By: Ken Sweet, Michelle Chapman, The Associated Press
- February 20, 2020 February 20, 2020
- 11:45
Updated: FCAC sees room for improvement in banks’ complaint processes
The agency suggests that escalating complaints isn’t “straightforward or easy” for consumers
- By: IE Staff
- February 19, 2020 February 20, 2020
- 16:07
Duo Bank buying Fairstone Financial
The transaction is expected to close in the second quarter
- By: James Langton
- February 19, 2020 February 19, 2020
- 11:22
Financial planning startup scores seed funding
Firm aims to modernize the financial planning process
- By: James Langton
- February 19, 2020 February 19, 2020
- 11:13
Sun Life faces proposed $10M class action
The suit alleges the insurer knowingly miscalculated benefits paid to federal employees on long-term disability
- By: IE Staff
- February 19, 2020 February 19, 2020
- 11:10
The Bank of Canada’s plans for CORRA
The central bank will start publishing the interest rate benchmark in June
- By: James Langton
- February 18, 2020 February 18, 2020
- 17:05
U.S. securities class action settlements dipped in 2019
Two large securities settlements are expected in the year ahead
- By: James Langton
- February 18, 2020 February 18, 2020
- 16:14
Advocis launches Professional Financial Advisor designation
The designation could be an approved credential required by title regulation
- By: IE Staff
- February 18, 2020 February 18, 2020
- 13:53
CIBC partners with RE/MAX
The new partnership helps homebuyers access the bank's resources
- By: Maddie Johnson
- February 18, 2020 February 18, 2020
- 11:45
Franklin Templeton acquires competitor for $4.5 billion
By acquiring Legg Mason, Franklin will have a combined $1.5 trillion in assets under management
- By: The Associated Press
- February 18, 2020 February 18, 2020
- 11:24
HSBC cuts headcount by 35,000 in deep overhaul
The bank's net profit fell 53% in 2019
- By: Danica Kirka, The Associated Press, Elaine Kurtenbach, The Associated Press
- February 18, 2020 February 18, 2020
- 11:18