TMX Group buying 78% stake in VettaFi
The TSX operator acquired a 22% stake in the company earlier this year
- By: The Canadian Press
- December 14, 2023 December 14, 2023
- 15:10
Latest news in Industry News
BoE holds interest rates at 15-year high despite worries about the economy
Monetary policy to remain "restrictive for an extended period of time," the Bank of England governor said
- By: Pan Pylas, The Associated Press, The Associated Press
- December 14, 2023 December 14, 2023
- 14:56
ECB keeps its key interest rate at a record high. Now, when will it cut?
Rate cuts aren't around the corner, the European Central Bank suggested
- By: David Mchugh, The Associated Press
- December 14, 2023 December 14, 2023
- 14:35
New certificate in wealth management to provide pipeline of support staff
George Brown College offers practical program in collaboration with industry firms
- By: Michelle Schriver
- December 14, 2023 December 14, 2023
- 14:12
Scotiabank could exit some foreign markets
CEO Scott Thomson said the bank will direct about 90% of incremental capital to its Canadian, U.S. and Mexico markets
- By: Ian Bickis, The Canadian Press
- December 13, 2023 December 13, 2023
- 14:49
Corporate emitters commit to disclosures but lack clear plans: report
The mixed results show firms still have a long way to go to meet Paris Agreement targets
- By: Jonathan Got
- December 12, 2023 December 12, 2023
- 14:41
Higher rates could lead to new products, more premium revenue for lifecos: DBRS Morningstar
While the 2024 outlook is stable, the rating agency warned about impairments from private credit and real estate investments
- By: Jonathan Got
- December 11, 2023 December 11, 2023
- 12:32
New penalty remains as GAAR legislation tabled
Officials have no room to distinguish between cases driven by aggressive tax planning and those involving legitimate uncertainty
- By: Michael McKiernan
- December 8, 2023 December 8, 2023
- 15:05
Wellington-Altus focuses on growth with latest capital injection
Firm says $40-million investment from Cynosure will help attract top advisors
- By: Michelle Schriver
- December 7, 2023 December 7, 2023
- 17:22
Surge in newcomers putting pressure on inflation via housing demand: BoC official
All levels of government must work together to reduce barriers to building more homes, deputy governor said
- By: Nojoud Al Mallees, Canadian Press
- December 7, 2023 December 7, 2023
- 15:44
How to run an airtight practice that protects clients and yourself
Find ways to excel at the basics, panellists suggested at a CFA Society Toronto event
- By: Katie Keir
- December 7, 2023 December 7, 2023
- 14:11
Laurentian Bank says profit fell in Q4
Bank cuts 2% of staff, will revamp its strategic plan
- By: Ian Bickis, The Canadian Press
- December 7, 2023 December 8, 2023
- 13:19
FINTRAC levies $1.3-million penalty against CIBC
The fine is the second announced this week, after RBC was also penalized
- By: Ian Bickis, The Canadian Press
- December 7, 2023 December 7, 2023
- 12:22
What to know about making year-end donations
Clients looking to make a large donation might want to do so before proposed changes to the alternative minimum tax become effective
- By: Rudy Mezzetta
- December 5, 2023 December 5, 2023
- 11:52
Lifetime capital gains exemption to top $1M in 2024
Starting next year, LCGE on sale of small biz shares and farm or fishing property will match
- By: Rudy Mezzetta
- December 1, 2023 December 1, 2023
- 16:12
Banks focus on staff cuts, provisions for bad loans in Q4
The two dominant themes emerge ahead of an uncertain 2024
- By: Ian Bickis, The Canadian Press
- December 1, 2023 December 1, 2023
- 14:49
BMO sees higher cost savings ahead thanks to Bank of the West, cuts to real estate
The bank expects synergies of US$800 million — up 20% from a previous estimate
- By: Ian Bickis, The Canadian Press, IE Staff
- December 1, 2023 December 1, 2023
- 14:28
Fed’s Powell notes inflation is easing but says further progress is needed
Federal Reserve expected to hold interest rates at December meeting
- By: Christopher Rugaber, The Associated Press, The Associated Press
- December 1, 2023 December 1, 2023
- 11:36
National Bank reports Q4 profit up from year ago, raises quarterly dividend
Profit in wealth management was down 20%
- By: The Canadian Press, IE Staff
- December 1, 2023 December 1, 2023
- 11:12
Banks report higher provisions for bad loans, focus on expenses as economy slows
CIBC, RBC, Scotiabank and TD have all cut staff this year
- By: Ian Bickis, The Canadian Press
- November 30, 2023 November 30, 2023
- 16:10
B.C. files application for Canada’s first unexplained wealth order
The notice of civil claim is the start of a series of similar applications, minister says
- By: The Canadian Press
- November 30, 2023 November 30, 2023
- 15:40
FP Canada announces latest QAFP exam results
The October sitting had 57 candidates
- By: IE Staff
- November 30, 2023 November 30, 2023
- 15:10
Royal Bank chief executive McKay defends HSBC deal as bank reports profits up
Deal is good for Canada, CEO says
- By: Ian Bickis, The Canadian Press, IE Staff
- November 30, 2023 November 30, 2023
- 13:12
TD Bank cuts jobs as quarterly results reflect gloomy economic picture
Some cuts have already been made, while remainder will happen next year
- By: Ian Bickis, The Canadian Press, IE Staff
- November 30, 2023 November 30, 2023
- 12:24
Canadians less interested in crypto assets, survey finds
Financial advisors less likely to recommend investing in crypto assets this year compared to last year
- By: Jonathan Got
- November 30, 2023 November 30, 2023
- 10:53