Canadians paying billions of dollars in ‘excess’ bank fees: report
Economist says Canadians are paying too much, compared to U.K. and Australia
- By: Ian Bickis, The Canadian Press
- March 7, 2024 March 7, 2024
- 14:11
Latest news in Industry News
CIBC makes changes in senior executive ranks
Chief financial officer Hratch Panossian will become senior executive vice-president and head of personal and business banking, effective April 1
- By: The Canadian Press
- March 7, 2024 March 7, 2024
- 12:04
2023 saw challenges for most real estate asset classes: report
Industrial and logistics category remained resilient, while others were challenged by high interest rates and work-from-home trends
- By: Jonathan Got
- March 7, 2024 March 7, 2024
- 09:00
Hub acquires insurance and wealth firm in Ontario
The global brokerage's latest acquisition is Zavitz Insurance and Wealth
- By: IE Staff
- March 6, 2024 March 6, 2024
- 15:33
Fed’s Powell: Rate cuts likely this year, but more evidence is needed that inflation is tamed
Recent data suggest U.S. economy remains hot
- By: Christopher Rugaber, The Associated Press, The Associated Press
- March 6, 2024 March 6, 2024
- 14:29
RBC raises renewable funding target
The bank also reported little progress on reducing emissions of oil and gas financing
- By: The Canadian Press
- March 6, 2024 March 6, 2024
- 13:00
BoC holds interest rate at 5%, says too early to cut
Underlying price pressures are still persistently high, the central bank said
- By: Nojoud Al Mallees, Canadian Press, IE Staff
- March 6, 2024 March 6, 2024
- 10:35
B.C., Ontario mortgage-holders increasingly missed payments in Q4
Equifax Canada finds delinquency rates rose outside those provinces at a slower pace
- By: Rosa Saba, The Canadian Press
- March 5, 2024 March 5, 2024
- 09:38
FSRA open to strengthening requirements for financial advisor title
Credentialing bodies also discussed putting clients first at regulator's annual conference
- By: Michelle Schriver
- March 4, 2024 March 4, 2024
- 17:31
BoC expected to hold interest rates this week
Many forecasters anticipate the first rate cut to come midyear
- By: Nojoud Al Mallees, Canadian Press
- March 4, 2024 March 4, 2024
- 12:28
P.E.I. budget projects $85-million deficit, increase in health-care spending
The province has budgeted $72.7 million for housing
- By: The Canadian Press
- March 1, 2024 March 1, 2024
- 17:19
Richardson Wealth adds retention bonuses for advisors
The bonuses will total $15.2 million for advisors who stay until at least November 2026
- By: Rudy Mezzetta
- March 1, 2024 March 1, 2024
- 15:34
CMHC ends first-time homebuyer incentive
The first-time home buyers' tax credit is unaffected
- By: Ian Bickis, The Canadian Press
- March 1, 2024 March 1, 2024
- 15:15
Toronto pension firm sues Scotiabank over pension plan for doctors
Claim for $700M alleges Medicus Pension Plan was built on confidential information
- By: Michael McKiernan
- March 1, 2024 March 1, 2024
- 13:13
IRS cracks down on wealthy ‘non-filers’
Move is the latest in a series of campaigns aimed at high-wealth individuals
- By: Fatima Hussein, The Associated Press
- March 1, 2024 March 1, 2024
- 10:06
Nova Scotia indexes its tax brackets
Provincial budget states the move will save taxpayers $160 million a year by 2028
- By: Michael Tutton, Keith Doucette, The Canadian Press, IE Staff
- March 1, 2024 March 1, 2024
- 09:34
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 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
- By: Ian Bickis, The Canadian Press
- February 29, 2024 February 29, 2024
- 13:59
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
- By: Ian Bickis, The Canadian Press
- February 29, 2024 February 29, 2024
- 12:24
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
- By: Jonathan Got
- February 29, 2024 February 29, 2024
- 11:14
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
- By: Ian Bickis, The Canadian Press
- February 28, 2024 February 28, 2024
- 11:05
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
- By: The Canadian Press
- February 28, 2024 February 28, 2024
- 10:56
Identity, mortgage fraud on the rise: Equifax survey
Fraudsters take advantage of economic vulnerabilities, credit reporting agency says
- By: The Canadian Press
- February 27, 2024 February 27, 2024
- 16:12
Pension funds improving modestly on climate but still too slow: report
Shift report downgrades CPPIB, gives AIMCo worst grade
- By: Ian Bickis, The Canadian Press
- February 27, 2024 February 27, 2024
- 15:26
Scotiabank reports Q1 profit up as recession fears clear
The bank doesn't see a pickup in Canada until later this year
- By: Ian Bickis, The Canadian Press
- February 27, 2024 February 27, 2024
- 14:21