Latest news in Industry News

VersaBank plans Nasdaq IPO

The fintech seeks to expand its platform, consider acquisitions

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Democrats seek corporate, wealthy tax hikes for $3.5T plan

The proposed top tax rate would revert to 39.6% on couples earning more than $450,000

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Tory pledge to expand DTC eligibility would cost $177M over five years

Promise to extend sickness benefits would cost $4B over the same time period

announcement

IFIC names new board leader for 2021-22

The organization also released a year in review summary that highlighted key themes

  • By: IE Staff
  • September 10, 2021 September 10, 2021
  • 12:54
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Desjardins Group enters the sustainable bond market

The cooperative financial group plans to remain active in the space

  • By: IE Staff
  • September 9, 2021 September 9, 2021
  • 13:57
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Canadian banks look to U.S. for growth amid strong economic recovery

For some banks, stateside expansion within wealth management is part of the plan

BoC plans to hike rates before reducing bond holdings

The timing of an interest rate increase depends on the economic recovery

diverse group of advisors

How investment firms can promote diversity and inclusion

A CFA Institute report details what makes a diversity strategy successful

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Mackenzie Investments launches second ESG-focused team

Mackenzie Betterworld identifies companies aligned with the UN's sustainable development goals

  • By: IE Staff
  • September 9, 2021 September 9, 2021
  • 11:16
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Fed survey finds growth ‘downshifted’ in summer due to Covid

The U.S. economic pullback reflects concerns about the delta variant

BoC keeps key interest rate target on hold, citing pandemic-related risks

The central bank also said it would maintain its quantitative easing program

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Firms waived DSCs for hard-hit investors during Covid-19

Investor advocates remain concerned that deferred sales charge mutual funds are still being sold up until the June 1 ban

parliament hill

NDP’s proposed wealth tax would generate $60 billion over five years: PBO

The party has pledged a 1% tax on those with over $10 million in wealth

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Greens would tax financial transactions, close capital gains “loopholes”

The party would also cap the small business tax rate at 9% but raise the corporate tax rate to 21%

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August home sales in Montreal down 30% year over year: Quebec board

New listings for the month totalled 4,487

Slowdown in credit growth to impact Canadian banks’ prospects

Oxford Properties, CPPIB exploring sale of Royal Bank Plaza in Toronto

Royal Bank of Canada leases 40% of the space

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Business insolvencies hit 35-year low in July

Businesses filed 160 insolvencies in July — a 28.3% decline compared to June

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Closing the gap between actual and total returns

A Morningstar study suggests how investors can improve their outcomes

  • By: IE Staff
  • September 1, 2021 September 8, 2021
  • 16:29
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Laurentian Bank reports Q3 profit up from year ago

The Montreal-based bank is focused on simplification to draw new business as deposits dip

Election sign at Polling Station of Woodbridge, Ontario, Canada

Liberals propose 15% minimum tax on highest earners

The party platform also calls for a new financial sector ombudsperson with binding arbitration power

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Small businesses’ Covid debt climbs to $139B: CFIB

Finance, insurance, real estate and leasing businesses were least likely to have taken on debt

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Even after Covid, many Canadians unprepared for crisis: survey

Emergencies would negatively impact most people's finances

Man and woman sitting in cafeteria discussing finance for the month. Stressed couple looking at bills sitting in restaurant wearing uniform apron. Cafe staff sitting together looking at expenses and bills. (Man and woman sitting in cafeteria discussi

Job vacancies rose 22% from May to June: report

Canada's job vacancy rate reached 5% with unfilled positions in hospitality and retail

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Canadian housing market faces lower risk of overheating: RBC

The frenzied pace of sales is starting to slow across the country

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B.C. only province back to pre-pandemic employment levels, report says

Taking population growth into account, CIBC says Canada's employment gap is around 650,000