Latest news in Industry News

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

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

CI reports record earnings per share in Q4

A reduction in expenses and an improvement in retail sales helped offset another quarter of net redemptions

By: Greg Dalgetty
February 14, 2020 February 14, 2020
13:17

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

TD Waterhouse wins margin account dispute

A court has ruled the discount broker had an “ironclad” reason to sell out a client’s margin accounts

By: James Langton
February 14, 2020 February 14, 2020
12:20

U.S. retail sales up a modest 0.3% in January

The advance followed a 0.2% rise in sales in December

By: Martin Crutsinger, The Associated Press
February 14, 2020 February 14, 2020
11:33

This picture says the development of economy, successful, and achievement

CPP Investment Board posts 3.6% rate of return for its third quarter

Net assets grew to $420.4 billion in December

By: The Canadian Press
February 14, 2020 February 14, 2020
11:18

“Self-feeding” cycle of low interest rates poses challenges for investors

But Robin Marshall of FTSE Russell says recession risk remains low in the near term

By: Mark Burgess
February 13, 2020 February 13, 2020
13:06

Sun Life fourth quarter profits surge 24% to $719 million

Net income was up 3.8% for the full year

By: The Canadian Press
February 13, 2020 February 13, 2020
10:23

Manulife boosting dividend 12% on higher profits in Q4 and full year

For the full year, the insurer’s net earnings grew 16.7%

By: The Canadian Press
February 13, 2020 February 13, 2020
10:15

Trump Fed nominee Shelton promises “intellectual diversity”

Judy Shelton has been a skeptic of the need for the Fed’s independence

By: Christopher Rugaber, The Associated Press, The Associated Press
February 13, 2020 February 13, 2020
10:04

Lonely hearts lose millions to romance scams: RCMP

Fraudsters use fake online profiles and dating apps to lure victims

By: James Langton
February 12, 2020 February 12, 2020
14:03

As tax season begins, CRA offers reminders for students

There are more potential benefits available than the tuition tax credit

By: IE Staff
February 12, 2020 February 12, 2020
13:53

Powell hears bipartisan Senate support for Fed independence

Trump has called Fed officials “boneheads” for not continuing to cut rates

By: Christopher Rugaber, The Associated Press, The Associated Press
February 12, 2020 February 12, 2020
12:40

Powell: Economy looks resilient despite risk of China virus

The Fed is content where interest rates are

By: Martin Crutsinger, The Associated Press
February 11, 2020 February 11, 2020
11:04

Tax scammer gets jail time for filing fraudulent returns

An Ontario tax preparer claimed phoney charitable donations and business losses for his clients

February 10, 2020 February 10, 2020
12:55

U.S. economy adds a strong 225K jobs; unemployment up to 3.6%

Last month, 61.2% of American adults had jobs

By: Christopher Rugaber, The Associated Press, The Associated Press
February 7, 2020 February 7, 2020
11:45

Review of banks’ retirement planning provides insights for advisors

DALBAR ranked the services offered to pre-retirees

By: Michelle Schriver
February 6, 2020 February 6, 2020
15:58

Net income, revenue down for Canaccord in Q3

Revenue in global wealth management operations was up 10.7%

By: IE Staff
February 6, 2020 February 6, 2020
13:07

Row of business people listening to presentation at seminar

TSX launches discussion on day-end trading

A roundtable will examine the exchange's market-on-close facility

By: James Langton
February 6, 2020 February 6, 2020
12:48

CI partners with DoubleLine

The U.S.-based investment firm will subadvise CI’s new fixed income funds

By: IE Staff
February 6, 2020 February 6, 2020
12:12

ICE accelerates move into digital assets

Deal for loyalty firm comes after bid for eBay fails

By: James Langton
February 5, 2020 February 5, 2020
15:57

Two happy carpenters shaking hands with senior customer after successful agreement in a workshop.

CFIB calls for change to lifetime capital gains exemption

The association says business owners should be able to sell to family members without losing the exemption

By: Maddie Johnson
February 5, 2020 February 5, 2020
11:38

CLHIA recommends TFSAs be allowed to hold life annuities

The insurance industry group has recommended changes for the federal budget

By: Rudy Mezzetta
February 4, 2020 February 4, 2020
17:32

TD Bank cuts posted mortgage rate used in stress test as bond yields dip

The bank cut its five-year posted rate for fixed-rate mortgages from 5.34% to 4.99%

By: Ian Bickis
February 4, 2020 February 4, 2020
14:56

Most Canadian households will get more than they pay from carbon tax: PBO

Ninety per cent of revenues collected from the carbon tax will be returned to individual households

By: The Canadian Press
February 4, 2020 February 4, 2020
11:09