Latest news in Industry News

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Feds increase wage subsidy for small business

The measure jumps to 75% from 10%

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Sun Life CEO’s compensation drops slightly in 2019

The executive's total compensation was $9.6M

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BoC cuts key interest rate to 0.25%

The unscheduled cut is the second this month

Court.

Supreme Court of Canada rules derivatives contract a hedge in tax case

Former brokerage exec’s losses were on account of capital, not income

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Stop DSCs and relieve margin loans: FAIR Canada

The investor advocacy group urges the industry to act in clients' best interests during this time of financial hardship

  • By: IE Staff
  • March 26, 2020 March 26, 2020
  • 14:57
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CMHC expands insured mortgage purchase program

The move to bolster the financial system has been increased to $150B

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Feds ask banks to drop credit card rates

The potential measure is in response to the pandemic

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B.C. offers $500 monthly rental rebate, moratorium on evictions, rent freeze

The $500 will be paid directly to landlords

Front view of the Parliament building in Ottawa, late winter, early spring

Liberals repackage Covid-19 benefits

The result is workers who lose income will receive $2,000 per month

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Jobless aid applications increased exponentially in the U.S.

Jobless claims hit 3.3 million last week

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It’s a buyer’s market for corporate bond ETFs, insiders say

Corporate bond ETFs have been trading at a substantial discount to their net asset value

Queen's Park, Ontario legislature, exterior

Ontario introduces $17B Covid-19 package; more than doubles deficit

Measures include doubling payments to low-income seniors and financial relief for parents

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ETF and mutual fund sales neck and neck in February

No asset classes recorded net redemptions for the month

Couple getting financial advice

BMO announces financial relief for Canadian businesses

The relief comes as small business confidence falls to an all-time low

Interior view of the Canada Commons of Parliament

House of Commons passes legislation for Covid-19 help with unanimous support

The final bill gives the federal ministers of health and finance the power to approve all spending to deal with a public health emergency

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White House, Congress agree on $2 trillion virus rescue bill

The economic rescue package would expand unemployment benefits, provide a program for small businesses and give direct payments to most Americans

Interior view of the Canada Commons of Parliament

Tories will support aid to Canadians, not Liberal ‘power grab’: Scheer

An emergency sitting Tuesday of the House of Commons was suspended moments after it began

Tips for staying sane while working from home

A home office environment shouldn’t mean you’re working 24/7

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FP Canada cancels June exams

The next sittings will take place in November

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Report calls for retirement reform

A paper from the C.D. Howe Institute makes several recommendations

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TSX and TSXV move to help listed companies, allow more time to hold AGMs

Companies will not have to notify the exchange if they need more time to file certain financial statements

House.

Realtors shut down open houses, while feds consider aid for renters

Home sales and showings were already down in Toronto last week

From panic selling to buying low: how clients are responding

Advisors discuss what they're telling clients

Investors put great faith in advisors: survey

Communication tips for the Covid-19 crisis

Clients need to hear from you. Here's help on how to approach them.

Federal reserve building, Washington DC

Fed to buy as much government debt as needed to aid economy

The central bank says it will establish three new lending facilities as well