Latest news in Industry News

Bank Of Montreal Branch stock photo

BMO Financial Group reports $1.87B Q2 profit

Raises quarterly dividend to $1.55 per share, up four cents

National Bank of Canada in Toronto’s financial district; National Bank of Canada is sixth largest commercial bank in Canada.

National Bank of Canada earns $906M Q2 profit

Montreal-based bank raises quarterly dividend to $1.10 per share, an increase of four cents

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

Private equity firm buys maker of hockey rink boards

Reichmann Segal Capital Partners says it plans to invest in new product development and expansion

Man holding a credit card, typing on laptop, online shopping

More Canadians making only minimum payment on credit cards: TransUnion

Cost-of-living crisis and higher interest rates eat into household budgets

Scotiabank

Scotiabank profits slip amid rising strain in auto loans, mortgages

Despite challenges, overall revenue grew

Exterior of CRA headquarters building

CRA announces prescribed rate for Q3

Agency confirms the interest rate Canadians must pay on overdue tax will drop to 9%

Senior couple

Wedding bells — or alarm bells?

What to do when you suspect an elderly client is being manipulated in a late-life relationship

Horn speaker for public relations sign symbol, vintage color - sun with blue sky

DFSA no longer an approved credential in Ontario

Designation holders have six months to obtain a different credential to use the financial advisor title

TD bank. stock photo

TD reports profits down 22% on anti–money laundering hit

Potential impact on bank's growth in U.S. market is a longer-term risk

Old and new sign

FP Canada introduces 2 new rules

Financial planners now have requirements related to trusted contacts, conflicted roles

Modern urban skyscrapers in downtown Chicago from below to the blue summer sky. Sun reflecting in the glass facades of the urban futuristic buildings. Chicago, Illinois, USA

Banks to report second-quarter results as credit concerns persist

Latest quarter was fairly tame with encouraging data on the inflation front and still historically low levels of mortgage delinquencies

parliament hill

Freeland says capital gains proposal will be tabled before summer break

The government says that even if a bill has not yet passed, the change will take effect on June 25

Estate-planning trusts will be hit hard by CGIR hike

Capital gains not flowed out to beneficiaries are "trapped" in the trust at death

Modern urban skyscrapers in downtown Chicago from below to the blue summer sky. Sun reflecting in the glass facades of the urban futuristic buildings. Chicago, Illinois, USA

Bank execs summoned to House of Commons environment committee

Committee has set a date of June 13 for the chief executives of RBC, TD, CIBC, BMO and Scotiabank to appear

time clock

When is the latest clients can sell assets prior to June 25?

Given several complicating factors, waiting until the last minute is a bad idea, tax experts say

Laurentian bank logo on building

Laurentian Bank cutting about 2% of workforce, ending equity research

The cuts come as the bank continues to work through its turnaround plan

Agreement win-win

Cardinal Point teams with Gavin Hockey Wealth Specialists

Combined firm will serve about 200 current and retired pro hockey players

parliament hill

Liberal tax promise tracker, post-2024 budget edition

Feds won't change tax treatment for REITs, and the status of other major tax proposals from the Trudeau government

Modern office building close up in sunlight

Canadian banks directed over US$100B to oil and gas last year: report

In 2023 most of the five biggest banks reduced fossil fuel funding relative to previous years

Financial board

CI reports retail fund outflows of $1.3 billion in Q1

Firm posts $154.4-million loss as investors exit balanced funds, cash-like products

Magnifying glass looking at financial data

iA Financial posts net income of $233 million in Q1

Also, Michael L. Stickney will retire from the executive committee

Sun Life logo on a building

Sun Life posts first-quarter net income of $875 million

Sun Life had $1.47 trillion in assets under management on March 31

Green city

Climate investment taxonomy would prevent greenwashing, confusion: experts

Government is working to launch taxonomy "as soon as possible," Freeland says

Manulife head office building in Toronto, Canada. Manulife is a Canadian multinational insurance company.

Manulife reports first-quarter net income of $866M

Company says it will ramp up share buybacks

Modern urban skyscrapers in downtown Chicago from below to the blue summer sky. Sun reflecting in the glass facades of the urban futuristic buildings. Chicago, Illinois, USA

RioCan REIT reports profits up

Rents continue to trend upward, CEO says