Latest news in Industry News

Canadians should plan for higher rates in the long run: BoC

More adjustment to come as previous rate hikes filter through the economy, Bank of Canada senior deputy governor says

Financial accounting business sheet calculator

Great-West Lifeco sees base earnings rise in Q3 to $950 million

Individual wealth management had net outflows of $427 million

parliament hill

Freeland to table Liberals’ fall economic statement Nov. 21

The finance minister has promised that the fiscal update will focus on housing and affordability

United States Federal Reserve System symbol

Powell reinforces Fed’s cautious approach to more interest rate hikes

Still, the Federal Reserve chair didn't rule out another increase

Folders with the label Retirement Plan and Pension

CPP Investments posts small gain in Q2

The fund has a negative return for the first six months of its 2024 fiscal year

  • By: IE Staff
  • November 9, 2023 November 9, 2023
  • 14:21
Manulife head office building in Toronto, Canada. Manulife is a Canadian multinational insurance company.

Manulife reports profit of $1B in Q3, supported by growth in Asia

The quarter also saw net outflows, lower AUM

Charts and graphs

iA Financial Q3 net income increased

Growth in wealth management and Canadian insurance activities led to the gain

Close up of businessman hands making handshake - greeting, dealing, merger and acquisition concepts

Canaccord Genuity acquires U.K. financial planning firm

The transaction supports Canaccord's strategy to grow wealth management

  • By: IE Staff
  • November 9, 2023 November 9, 2023
  • 12:09
Financial business chart and economic development

CI Financial posts loss in third quarter

The firm also saw net outflows of $465 million across its entire asset management segment

Exterior of CRA headquarters building

CRA solidifies notifiable transaction list

Tax advisors still on shaky ground as five sets of transactions are confirmed

Take kid to work

Students get inside look at financial services industry

450,000 students registered for this year's Take Our Kids to Work Day


CFA Institute introduces certificate for climate investing

The organization’s five courses aim to address a skills gap

  • By: IE Staff
  • November 6, 2023 November 6, 2023
  • 11:56
Laurentian bank logo on building

DBRS places Laurentian’s credit ratings under review

The rating agency's concerns stem from recent adverse events at the bank

  • By: IE Staff
  • November 3, 2023 November 3, 2023
  • 16:19
Queen's park, Ontario

Ontario launching infrastructure bank with $3B in public funding

Proposal was part of the province's fall economic statement on Thursday

Alberta flag in front of setting sun

Alberta would need to negotiate international agreements if it quits CPP: Freeland

Remarks follow virtual meeting with provincial finance ministers

Canadian Parliament in Ottawa

Finance committee calls for feds to block RBC-HSBC deal on competition concerns

Removal of competitor could raise already-elevated bank fees, report says

financial worker analyzing business data and working with tablet computer

IGM Financial’s profit flat in Q3 as investment returns weigh on assets

Wealth management's earnings were up, as number of less-experienced advisors dropped

  • By: IE Staff
  • November 2, 2023 November 2, 2023
  • 15:34
The facade of the Royal Exchange in the City of London

BoE keeps main U.K. interest rate at 15-year high

The central bank warned that borrowing costs will likely stay elevated for some time

Tread carefully

Fed leaves key short-term interest rate unchanged

Leaves the door open to further rate hikes if inflation pressures should accelerate in the months ahead

ESG letters

Organizations team up on ESG definitions to fight greenwashing

The CFA Institute, GSIA and PRI hope their new resource will be adopted by industry and regulators

stealing money

Closing arguments begin in trial of Sam Bankman-Fried

Prosecutor cites 'pyramid of deceit' in urging jury to convict FTX founder

Building under construction

Ontario scraps its portion of HST on purpose built rentals

New policy will apply to new rental housing units such as apartment buildings, student housing and senior residences

Pension saving

CRA announces CPP max pensionable earnings for 2024

For the first time, a second earnings ceiling will be used to determine additional contributions

  • By: IE Staff
  • November 1, 2023 November 1, 2023
  • 11:12
CRA signage

CRA extends UHT return filing deadline until April

The second extension was announced on Tuesday afternoon

St. John's, capital of Newfoundland Labrador, NL, Canada, harbor and downtown seen from signal hill

Newfoundland and Labrador projects $154-million deficit

The province will borrow up to $700 million more this fiscal year than it had anticipated in March