Five things to watch for in the Canadian business world in the coming week
RBC and CIBC will kick off the earnings season for Canadian banks
- By: The Canadian Press
- August 19, 2019 October 17, 2019
- 10:12
RBC and CIBC will kick off the earnings season for Canadian banks
FHG acquired all the shares of both firms on Aug. 1
The hackers injected malware onto an external server
Results improved quarter-over-quarter
CannTrust sought the order earlier this month
The Oxford comma strikes again
The robo-advisor will provide an online platform for the firm's clients
Revenue was up up 19% year-over-year, but the firm reported a net loss of $4.8 million
Brookfield to acquire 57% interest in Genworth
Trade group also calls for action on tax reform and money laundering
Firm blames decline in equity underwriting transactions and the the sale of its capital markets business
Industry association also wants improved access to variable payment life annuities, among other recommendations
Allegations include shortchanging commissioned employees on holiday pay
Firm says net income declined by 30% year over year
Results beat analyst expectations
New business grew by 16.5%
The firm saw revenue from its global wealth management operations grow by 15.2%
717 candidates across Canada wrote the six-hour exam
Firm now focused on transition to a pure play wealth management business
Overall average selling price in the GTA was up 3.2% year-over-year
Kurt MacAlpine assumes the role on Sept. 1
“We’ve got to keep the standards high,” says PMAC president
Company earned $443 million, down from $658 million a year earlier
A report argues the changes should include an income test
Declaration sent stock prices tumbling immediately