Rhys Mendes will become Bank of Canada deputy governor in July while Biden has made two Federal Reserve nominations
Participating life helps drive Canadian insurance sales, but wealth sales drop 23%
Canada’s April inflation figure anticipated to be well below the 5.2% wage growth
No recession but output dropped in several sectors affected by strikes
The CRA will deliver the one-time GST credit boost to Canadians in July
The increase came as Canadians faced higher interest rates
Within wealth management, retail net inflows dropped 80%
Proceeds of $1.34-billion deal will pay down debt
The hike — the 12th in a row — puts more pressure on borrowers
Wealth management and individual insurance sales dropped at iA Financial
The lawsuit, initially filed in September 2010, was set to go to trial next month
Management group no longer ruling out individual asset sales
Deal resolves claims over mortgage prepayment charges
Strong growth in healthcare, restaurants and bars
Average hourly wages rose 5.2% but hiring is not happening as broadly
Richardson Wealth parent firm posted $5.3-million net loss in first quarter
Central bank is prepared to raise interest rates further if required
Net flows decreased by 60% to $990 million from $2.5 billion a year earlier
The agreement includes wage increases plus a pensionable one-time lump sum payment of $2,500
The quarter-point increase comes a day after the Federal Reserve's identical move
The cancellation of the transaction comes amid upheaval in the U.S. banking sector
Following CI's request to withdraw coverage, S&P dropped its rating for the asset manager
InvestorCOM, a vendor of Mackenzie Investments, had data exposed when hackers targeted a secure file transfer service
Both the Competition Bureau and OSFI are reviewing the transaction, which requires approval from the finance minister
Lack of personalized advice created a void filled by negative returns, the latest survey says