Investors prevail in $100-million BMO class action
Court finds registered account investors were charged undisclosed currency fees for 10 years
- By: James Langton
- March 2, 2020 March 2, 2020
- 11:53
Latest news in Industry News
Powell says Fed will “use our tools” to support economy
But it's unclear how a rate cut would counteract the effects of the coronavirus
- By: Christopher Rugaber, The Associated Press, The Associated Press
- February 28, 2020 February 28, 2020
- 16:07
Tax fraud lands scammer in slammer
A tax preparer used his inside knowledge of CRA operations to file fraudulent returns
- By: IE Staff
- February 28, 2020 February 28, 2020
- 14:49
Economic growth slowed to 0.3% in Q4: StatsCan
As a result, the central bank could cut its trendsetting rate next week
- By: The Canadian Press
- February 28, 2020 February 28, 2020
- 13:42
U.S. consumer spending slowed in January while incomes jumped
Incomes rose 0.6%, the biggest rise in nearly a year
- By: Christopher Rugaber, The Associated Press, The Associated Press
- February 28, 2020 February 28, 2020
- 13:07
Laurentian Bank reports Q1 profit down from year ago
Analysts had expected a higher adjusted profit per share
- By: The Canadian Press
- February 28, 2020 February 28, 2020
- 13:02
Richardson GMP changes name to Richardson Wealth
GMP Capital says it would consider acquisitions of "like-minded" IIROC-member businesses
- By: Mark Burgess
- February 28, 2020 February 28, 2020
- 12:44
TMX outage due to messaging volume
Trading halted early on Thursday due to a capacity issue
- By: James Langton
- February 28, 2020 February 28, 2020
- 12:22
TD Bank raises dividend, but Q1 profit falls short of expectations
The bank’s rivals all beat analysts’ estimates
- By: The Canadian Press
- February 27, 2020 February 27, 2020
- 14:57
Court finds Drabinsky tried to dodge debts
A ruling says the theatre producer transferred his house to his wife in 2015 to thwart creditors
- By: James Langton
- February 27, 2020 February 27, 2020
- 14:05
National Bank reports Q1 profit up from year ago, beats expectations
The bank’s wealth management division saw net income increase by 10% year over year
- By: The Canadian Press, IE Staff
- February 27, 2020 February 27, 2020
- 11:29
U.S. economy grew at 2.1% rate in Q4 but virus threat looms
Economists have been downgrading their forecasts for Q1
- By: Martin Crutsinger, The Associated Press
- February 27, 2020 February 27, 2020
- 10:53
How the coronavirus could help “push the world to the brink” of recession
Analysts weigh in on the potential economic impact of the viral outbreak
- By: Michelle Schriver
- February 26, 2020 February 26, 2020
- 14:57
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
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