Italy proposes bank tax, sending stocks plunging
The 40% tax would apply to profits from the difference between loan interest and interest paid to customers on deposits
- By: The Associated Press
- August 8, 2023 August 8, 2023
- 13:47
Latest news in Industry News
Feds release draft legislation on alternative minimum tax, intergenerational business transfers
Proposals from the 2023 budget are out for consultation until Sept. 8
- By: IE Staff
- August 4, 2023 August 4, 2023
- 17:14
Wealth management steady as Canaccord makes capital market cuts
The firm's latest earnings showed client assets growing in its wealth management division
- By: Mark Burgess
- August 4, 2023 August 4, 2023
- 11:13
New Alpha markets get go ahead
Pair of new trading books, order types to launch Oct. 23
- By: James Langton
- August 3, 2023 August 3, 2023
- 17:02
ETF investors continued to favour cash in July
New money market products were rewarded, according National Bank's monthly report
- By: Mark Burgess
- August 2, 2023 August 2, 2023
- 16:39
Are high rates affecting the market for books of business?
Any impact of higher borrowing costs is subtle, as many factors can determine the value of a practice
- By: Todd Humber
- August 2, 2023 August 2, 2023
- 16:33
Banking executive named president of Kansas City Fed
Jeffrey Schmid replaces Esther George, who retired in January
- By: Christopher Rugaber, The Associated Press
- August 2, 2023 August 2, 2023
- 14:41
Fitch downgrades US credit rating, citing mounting debt and political divisions
New rating, AA+, is still considered well into investment grade
- By: Christopher Rugaber, The Associated Press
- August 2, 2023 August 2, 2023
- 13:32
National Bank to buy SVB’s Canadian commercial loan portfolio
Much of the portfolio is focused on the technology and life science sectors
- By: The Canadian Press
- August 1, 2023 August 1, 2023
- 15:24
CI Financial rebrands U.S. wealth business as Corient
Toronto-based firm sold 20% stake in U.S. business in May
- By: Rudy Mezzetta
- August 1, 2023 August 11, 2023
- 13:57
Major asset managers falling short of 2050 net zero goals: report
Companies aren't doing enough to align portfolios, engage with companies and policymakers
- By: Maddie Johnson
- August 1, 2023 July 31, 2023
- 09:00
How to protect older investors from digital fraud
Setting up verification methods with clients can help prevent them from being fleeced
- By: Sabina Wex
- July 28, 2023 July 28, 2023
- 16:12
FP Canada names top QAFP exam writers from June
Trio was recognized with award of merit
- By: IE Staff
- July 27, 2023 July 27, 2023
- 16:19
Advocacy group says banks show little progress on climate action
At issue is the financing of fossil fuel expansion projects
- By: The Canadian Press
- July 27, 2023 July 27, 2023
- 12:39
ECB hikes interest rates and leaves door open to more
The ninth straight increase aims to stamp out painfully high inflation
- By: David Mchugh, The Associated Press
- July 27, 2023 July 27, 2023
- 12:20
New housing minister says closing door on newcomers is no solution to housing crunch
Former immigration minister takes on expanded housing portfolio that includes infrastructure and communities
- By: Nojoud Al Mallees, Canadian Press
- July 26, 2023 July 26, 2023
- 16:23
Progress slow for women’s representation in advice channel, report finds
A surge in female branch managers could help address industry stigma
- By: IE Staff
- July 24, 2023 July 24, 2023
- 15:14
Can the Fed pull off a soft landing?
Economists have been downgrading their probabilities of a U.S. recession
- By: Christopher Rugaber, The Associated Press
- July 24, 2023 July 24, 2023
- 10:29
Class action filed against firms involved in data breach
The case stems from the GoAnywhere cybersecurity incident in January
- By: IE Staff
- July 20, 2023 July 20, 2023
- 17:06
Canadians underuse TFSA’s growth potential
Canadians’ unused TFSA contribution room exceeded the market value of their plans at almost all income levels
- By: Rudy Mezzetta
- July 20, 2023 July 20, 2023
- 16:36
Budget watchdog reviewing underused housing tax again
U.S. critics continue to push for relief for Americans who own seasonal properties in Canada
- By: The Canadian Press
- July 20, 2023 July 20, 2023
- 13:55
U.S. jobless claims continue to fall
Since the pandemic hit, U.S. employers have added jobs at a blistering pace
- By: Matt Ott, The Associated Press
- July 20, 2023 July 20, 2023
- 10:32
OSFI defers liquidity guidance for high-interest savings ETFs
The banking regulator will confirm any changes to liquidity requirements in October
- By: IE Staff
- July 19, 2023 July 19, 2023
- 17:25
Working with a financial planner boosts household resilience: study
Research commissioned by FP Canada and IQPF measured Canadians' ability to get through financial hardships
- By: IE Staff
- July 19, 2023 July 19, 2023
- 14:16
TD Bank Group says Schwab stake expected to add $182M in profit for Q3
The bank's financial results will be released Aug. 24
- By: The Canadian Press, IE Staff
- July 19, 2023 July 19, 2023
- 12:04