Latest news in Industry News

Alberta Legislature Building Edmonton Alberta Canada

Health, education come out ahead in restrained Alberta budget

Total spending is forecast to rise by 3.9% increase from last year

  • By: Bob Weber
  • March 1, 2024 March 1, 2024
  • 09:17
TD bank. stock photo

TD fast-tracking efforts to fix anti-money laundering deficiencies: CEO

The bank reported a first-quarter profit of $2.82 billion, up from $1.58 billion a year earlier

CIBC reports $1.73 billion Q1 profit as mortgage concerns ease

Company says fears of impaired loans in its U.S. office portfolio have also been sorted out

Investors wary of AI for investment decisions: survey

They want investment firms to be transparent about the use of AI and smart about mitigating risks

RBC reports $3.58B Q1 profit, with provisions for credit losses up

The bank's wealth management arm earned $606 million, down from $830 million a year earlier

National Bank

National Bank reports $922M Q1 profit, up from $876M a year ago

Revenue for the quarter totalled $2.71 billion, up from $2.56 billion in the same quarter last year

cybersecurity of network of connected devices and personal data security, concept on virtual interface with consultant in background

Identity, mortgage fraud on the rise: Equifax survey

Fraudsters take advantage of economic vulnerabilities, credit reporting agency says

hands holding planet

Pension funds improving modestly on climate but still too slow: report

Shift report downgrades CPPIB, gives AIMCo worst grade

Bank of Nova Scotia main branch in Calgary, Alberta

Scotiabank reports Q1 profit up as recession fears clear

The bank doesn't see a pickup in Canada until later this year

Bank Of Montreal Branch stock photo

BMO reports revenue and profits constrained by “challenging economic backdrop”

Wealth management earned $240 million, up from $159 million a year earlier

Businessman check seriously analyzes a finance report investor colleagues discussing new plan financial graph data. bank managers task. Concept business and finance ,Account analyzes planing

Wealthica offers consolidated reporting for family offices

The platform also launched a cost base calculator

plan idea

BMO Insurance refines its underwriting questions

Targeted questions, simplified requirements are part of the changes

  • By: IE Staff
  • February 26, 2024 February 26, 2024
  • 15:43
Building graph

CI Financial reports $63.5M loss in Q4

Firm announces bid to repurchase up to $85 million of its shares

Downtown office buildings Toronto

Indigenous firms, First Nation to create investment dealer with Scotiabank

Over time, the bank intends to reduce its controlling stake

B.C. legislature

B.C. to introduce home flipping tax

Province's election budget boosts family benefits as deficit soars to $7.9B

Saskatchewan legislative assembly

Saskatchewan to spend extra $750M this fiscal year

Opposition calls for transparency

CRA signage

CRA announces prescribed rate for Q2

Agency confirms the interest rate Canadians must pay on overdue tax will remain 10%

work from home

$5.2 billion in home office expenses claimed last tax season

CRA has indicated that employees who worked from home in 2023 by choice can claim employment expenses 

Blue infographics documents with 3D graphs and charts of glass

iA Financial Group reports net income of $248 million for Q4 2023

Earnings per share were $2.46, up from $1.71 a year earlier

Woman at business meeting

Product roundup: Mackenzie launches halal mutual fund

Also, Lester Asset Management launches Canada's first biodiversity fund

WCM’s Return to Bay Street program results in 18 hires in 2023

Hirees to work at eight different financial institutions

  • By: IE Staff
  • February 20, 2024 February 20, 2024
  • 11:03
business woman

Must an employer provide a Form T2200?

Employees need the form to claim home-office expenses this tax filing season

Binder with papers

CPP Investments earned 3.4% in latest quarter

Net assets grew to $590.8 billion

change direction

Industry moves this week

Two people departed from Scotiabank, including veteran executive Jake Lawrence

  • By: Katie Keir
  • February 15, 2024 February 15, 2024
  • 14:29
Manulife head office building in Toronto, Canada. Manulife is a Canadian multinational insurance company.

Manulife Financial reports $1.66B in net income in Q4

In Canada, assets under management were up 3% in 2023