Scotiabank Q1 profit rises 10% to $2.01 billion
The bank says its dividend will go up by 2¢ to 76¢ per share
- By: The Canadian Press
- February 28, 2017 February 28, 2017
- 07:00
Latest news in Industry News
Manulife confirms FINTRAC fined its banking unit $1.15 million last year
The penalty was significant as it was the first time FINTRAC has penalized a bank since it was given the authority to issue administrative monetary…
- By: Megan Harman
- February 27, 2017 February 27, 2017
- 16:10
Median RRSP contribution unchanged in 2015: StatsCan
Although fewer taxpayers reported investment income, the actual amount of investment income rose
- By: James Langton
- February 24, 2017 February 24, 2017
- 16:55
Retirement full of surprise expenses, poll finds
As RRSP season winds down, this should remind clients that retirement planning requires more than making an annual RRSP contribution, CIBC suggests
- By: Tessie Sanci
- February 24, 2017 February 24, 2017
- 16:30
Caisse de dépôt earned 7.6% return in 2016
Equities, real estate and infrastructure investments performed well
- By: Ross Marowits
- February 24, 2017 February 24, 2017
- 15:30
RBC grows first quarter profit by 24%, hikes dividend
Jennifer Tory named chief administrative officer; Neil McLaughlin appointed group head of personal and commercial banking
- By: Alexandra Posadzki
- February 24, 2017 February 24, 2017
- 14:15
OMERS improves investment return to 10.3%
Net assets rose by $8.1 billion to $85.2 billion at the end of 2016, making OMERS one of Canada's largest retirement funds
- By: The Canadian Press
- February 24, 2017 February 24, 2017
- 14:00
LOGiQ names new CFO
Mary Anne Palangio takes over Derek Slemko's role, joining the asset manager after holding the same position with Ontario Retirement Pension Plan Administration Corp.
- By: Tessie Sanci
- February 24, 2017 February 24, 2017
- 10:45
CRA expects to recover $400 million in tax crackdown
The 2016 federal budget included $444.4 million over five years to help the agency crack down on wealthy tax cheats
- By: Craig Wong, The Canadian Press
- February 23, 2017 February 23, 2017
- 17:25
Bright outlook for Canada’s Big Six banks
A new DBRS report suggests Canada's Big Six banks are well positioned to benefit from improving global growth, lower unemployment and increasing interest rates
- By: James Langton
- February 23, 2017 February 23, 2017
- 16:45
CIBC grows first-quarter net income
The bank also boosted its quarterly dividend by 3¢ to $1.27 per share
- By: Alexandra Posadzki
- February 23, 2017 February 23, 2017
- 13:10
Time to consider impact of banning embedded fees: panel discussion
The elimination of embedded commissions could make the financial services sector less desirable for young adults or widen the advice gap for the mass affluent,…
- By: Tessie Sanci
- February 22, 2017 February 22, 2017
- 17:00
Vancouver firm joins Wall Street Blockchain Alliance
Blockchain Intelligence Group focuses on data analytics and risk assessment
- By: James Langton
- February 22, 2017 February 22, 2017
- 10:50
WealthBar becomes first robo-advisor to join CETFA
The firm, which announced that it had surpassed $100 million in AUM in January, offers its clients private investment portfolios as well as ETFs
- By: IE Staff
- February 22, 2017 February 22, 2017
- 09:55
Lifecos see huge rise in insurance policy sales
Sales of individual life insurance policies were considerably higher in Q4 and in 2016, overall, in advance of the new, more restrictive tax rules that…
- By: Megan Harman
- February 21, 2017 February 21, 2017
- 13:11
Wawanesa unit to acquire Western Financial, Western Life from Desjardins Group
Westerns’ brokerage network will continue to offer customers a broad range of products from a wide range of insurers
- By: IE Staff
- February 17, 2017 February 17, 2017
- 07:30
Qtrade introduces new robo-advisor
VirtualWealth gives 150 financial services institutions partnered with Qtrade the ability to offer clients an automated digital wealth-management platform
- By: Fiona Collie
- February 16, 2017 February 16, 2017
- 17:05
PlanPlus launches second annual Canada National Financial Planning Awards competition
A panel of judges will review submitted plans to determine which advisor created the greatest value for the client
- By: IE Staff
- February 16, 2017 February 16, 2017
- 16:25
IFIC welcomes new director, affiliate
Duane Green replaces Don Reed, who recently retired from Franklin Templeton
- By: IE Staff
- February 16, 2017 February 16, 2017
- 15:40
Disclosure needed to ensure human rights in the supply chain, SHARE report finds
Corporate reporting transparency in Canada is currently voluntary and inconsistent and Ottawa has not mandated reporting, or provided consistent guidelines
- By: James Langton
- February 16, 2017 February 16, 2017
- 11:45
The Co-operators introduces new mobile app
The app allows clients to access their policies, make a claim, get a quote and find an advisor
- By: Tessie Sanci
- February 16, 2017 February 16, 2017
- 11:30
New chairman for Sun Life
William Anderson will replace James Sutfcliffe following the company’s annual general meeting in May
- By: Megan Harman
- February 16, 2017 February 16, 2017
- 11:15
U.S. investors uncertain about retirement
Changing investors’ behaviour is challenging, particularly as many still regard personal finance as a topic that’s off limits, new Merrill Lynch study finds
- By: James Langton
- February 15, 2017 February 15, 2017
- 15:40
TMX Group sells TMX Atrium to ICE
The decision to sell the wireless and extranet infrastructure services business is part of TMX Group’s ongoing strategic initiative to streamline its organizational structure
- By: Tessie Sanci
- February 15, 2017 February 15, 2017
- 12:40
Financial advice adds great value to group pension plan, RRSP members
The value advisors provide to plan members will increase as advisors continue to embrace more flexible ways of communicating their advice, new GWL report finds
- By: Tessie Sanci
- February 15, 2017 February 15, 2017
- 12:30