Latest news in Industry News

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

Taxpayer's desk and excise documents to import and export industrial goods for the purpose of maximizing profits for large business organizations. (Taxpayer's desk and excise documents to import and export industrial goods for the purpose of maximizin

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

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

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

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

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