Latest news in Industry News

The Canada Revenue Agency (CRA) headquarters Connaught Building is pictured in Ottawa on Monday, Aug. 17, 2020. The Canada Revenue Agency won't say when it expects its website to return to normal. CRA Tax

Family loan rate rising to 3% on Oct. 1

Clients have until Sept. 30 to lock in the 2% family loan rate

  • By: IE Staff
  • September 23, 2022 September 23, 2022
  • 10:34
Downtown office buildings Toronto

Revised bank recovery dividend to net $1B less

The Parliamentary Budget Officer updated its revenue projections for the Canada Recovery Dividend and the surtax on banks and insurers

  • By: Melissa Shin
  • September 22, 2022 September 22, 2022
  • 11:39
Federal reserve building, Washington DC

Fed attacks inflation with another big hike and expects more

New 3% to 3.25% range is highest since 2008

TD forms carbon advisory unit

Services include carbon offset advice

  • By: IE Staff
  • September 21, 2022 September 21, 2022
  • 12:56
Wood homes under construction

Stats Canada says Canada’s homeownership rate fell in latest 2021 census release

New homes increasingly likely to be rented

business owner with open sign

Economic stimulus should have stopped earlier to tame inflation, Bank of Canada says

Stimulus contributed to demand surge: Beaudry

RBC Bank branch stock photo

Canadian banks look to newcomers as key source of client growth

Banks are building trust by becoming general resources for clients

Parcels on conveyor belt in a warehouse

Statistics Canada says wholesale sales down 0.6% at $80.2B in July

Textiles down 13.2%, machinery up 1.6%

Wood homes under construction

Housing starts down in August, says CMHC

Despite the drop, the statistics still represent historic highs, according to economist

Three ways open banking could impact wealth management

Open banking has the potential to automate onboarding, allow for fee comparison and improve risk assessments

divorce and the law

Pandemic splits getting nastier as divorce trends hold steady

Family lawyers say the pandemic manifested more in the intensity of matters than in the volume of cases

Indianapolis - Circa June 2017: Signage and Logo of BMO Harris Bank. BMO Harris is one of the Largest Banks in the Midwest V

BMO Capital Markets cutting jobs amid challenging market conditions

The cuts come a few weeks after BMO reported a drop in earnings

Business person protected by a succession of umbrellas in a COVID background—insurance concept

Insurers pay record amount of benefits in 2021

Also, annuity and seg fund premiums increased 21%

  • By: IE Staff
  • September 15, 2022 September 15, 2022
  • 13:42
merger

Ethereum completes ‘Merge’ upgrade to network

The long-awaited change has implications for investors

Royal golden crown with jewels on british flag. Symbols of UK United Kingdom

Markets, banks to remain open on day of mourning

Bank of Canada will delay bond auctions, but financial system to operate normally

EU and UK flags

U.K. inflation dips slightly in August to 9.9%

Fuel costs up 32% year over year

  • By: Danica Kirka
  • September 14, 2022 September 14, 2022
  • 11:26
Bitcoin

U.S. investors not using advisors for crypto: report

Many investors with advisors are trading crypto via platforms such as Coinbase and Binance

  • By: IE Staff
  • September 13, 2022 September 13, 2022
  • 15:32
man reading tablet and writing on paper

Most asset managers operating under hybrid work model: survey

PMAC found that 19% of member firms are allowing employees to work remotely full time

  • By: Mark Burgess
  • September 13, 2022 September 13, 2022
  • 15:21
Close up of an executive hands holding a pen and indicating where to sign a contract at office

Pre-signed forms still a prevalent issue: CIFPs president

The organization's president presented a hypothetical ethical scenario involving pre-signed forms at a conference last week

Various bonds rating from single C to AAA

How the bond investment mix is changing for insurers

Canadian lifecos ‘well positioned’ to manage credit impairments: A.M. Best

Halifax, Nova Scotia, Waterfront

Nova Scotia records ‘surprise’ surplus of $350.9 million in 2021-22 fiscal year

Revenues $1.3B over budget but net debt topped $16B

Job losses continue for third month, signalling economic slowdown

Economy has ‘hit a pothole’

telescope, dawn, skyline, looking to the future

Down markets ahead present good buying opportunity: investment strategist

With interest rates continuing to rise, it could be a good opportunity to add to your client's fixed income allocation, said Macan Nia

Alberta flag

Alberta to resume indexing its tax brackets

De-indexing effectively forced Albertans to pay almost $647 million more in taxes from 2020 to 2022

Inflation written newspaper

Lower economic growth necessary to bring inflation down: BoC

The Bank of Canada's senior deputy governor spoke in Calgary one day after the latest interest rate hike