Data breach victims include Empire Life
The breach, which affected clients of InvestorCOM, has compromised information related to Empire Life's seg funds and mutual funds
- By: Greg Meckbach
- May 25, 2023 May 25, 2023
- 16:33
Latest news in Industry News
Threat of U.S. credit downgrade looms over debt ceiling talks
The stakes are growing in the standoff in Washington over raising the nation's debt limit
- By: Christopher Rugaber, The Associated Press, Paul Wiseman, The Associated Press
- May 25, 2023 May 25, 2023
- 15:17
Regulators warn investors of advisor impersonators
Fraudsters are posing as registered individuals
- By: IE Staff
- May 25, 2023 May 25, 2023
- 14:34
How to leverage — not loathe — compliance
Demonstrate and discuss your regulatory requirements with clients, IFB says
- By: Michelle Schriver
- May 25, 2023 May 25, 2023
- 12:26
Economic headwinds weigh on bank results as more money set aside for bad loans
Rising costs and slower loan growth are also challenges
- By: Ian Bickis, The Canadian Press
- May 25, 2023 May 25, 2023
- 12:18
BMO and Scotiabank report slowing growth, credit provisions put pressure on earnings
'Challenging market conditions' and 'shifting environment' said to be putting pressure on revenue growth
- By: Ian Bickis, The Canadian Press
- May 24, 2023 May 24, 2023
- 13:24
What are the FHSA qualifying withdrawal rules?
The holder needs a written agreement to buy or build home to make a tax-free withdrawal
- By: Rudy Mezzetta
- May 23, 2023 May 19, 2023
- 08:30
Federal Reserve Chair Powell hints at a pause in rate hikes when central bank meets next month
Bank failures may cause lending reduction but inflation remains well above 2% target
- By: Christopher Rugaber, The Associated Press
- May 19, 2023 May 19, 2023
- 15:26
Seg fund DSC ban on track across Canada: CCIR
Ban should apply in provinces that have yet to announce it, regulators say
- By: Greg Meckbach
- May 19, 2023 May 19, 2023
- 12:53
Statistics Canada reports retail sales down 1.4% in March, but core sales up 0.3%
Sales at gasoline stations and fuel vendors dropped 3.9%
- By: The Canadian Press
- May 19, 2023 May 19, 2023
- 11:40
What are the FHSA eligibility rules?
Even homeowners can open an FHSA in some cases
- By: Rudy Mezzetta
- May 19, 2023 May 23, 2023
- 10:40
FP Canada names top CFP exam writers from February
259 people wrote the exam
- By: IE Staff
- May 18, 2023 May 18, 2023
- 16:53
OSC seeks applications for investor advisory panel
The deadline is June 15
- By: IE Staff
- May 18, 2023 May 18, 2023
- 15:23
Feds finalize agreements lowering credit card transaction fees for small biz
Businesses are expected to save $1 billion over five years
- By: The Canadian Press
- May 18, 2023 May 18, 2023
- 15:12
Hike? Pause? Fed officials are split about next move
Stubbornness of high inflation divides Federal Reserve on managing interest rates
- By: Christopher Rugaber, The Associated Press, The Associated Press
- May 18, 2023 May 18, 2023
- 12:55
B.C. team wants to return millions to rightful owners
Organization reunites people with unclaimed money in old bank accounts
- By: Ashley Joannou, The Canadian Press
- May 18, 2023 May 18, 2023
- 12:41
Bank execs blame panicked depositors for SVB, Signature failures
Former CEO Greg Becker told a senate hearing that SVB was the victim of a social media-driven bank run
- By: Ken Sweet
- May 16, 2023 May 16, 2023
- 16:23
Canada’s annual pace of inflation rose to 4.4% in April
Rent and mortgage costs led to the first increase in the annual rate since it peaked at 8.1% in June 2022
- By: IE staff, with files from Canadian Press
- May 16, 2023 May 16, 2023
- 14:12
Advisor chargebacks need robust controls, regulators say
Insurance regulators promised new guidance on upfront compensation structures
- By: James Langton
- May 15, 2023 May 15, 2023
- 15:22
Binance to stop serving Canadian market, blames new stablecoin guidance
Crypto exchange confident it will “someday return” to Canada
- By: The Canadian Press
- May 12, 2023 May 12, 2023
- 16:16
New BoC deputy governor, U.S. Fed nominees announced
Rhys Mendes will become Bank of Canada deputy governor in July while Biden has made two Federal Reserve nominations
- By: Nojoud Al Mallees, Canadian Press, Christopher Rugaber, The Associated Press, The Associated Press
- May 12, 2023 May 12, 2023
- 15:34
Sun Life Financial sees first-quarter earnings rise to $806 million
Participating life helps drive Canadian insurance sales, but wealth sales drop 23%
- By: IE staff, with files from Canadian Press
- May 12, 2023 May 12, 2023
- 14:33
Inflation likely slowed again in April, but economists say wage growth a top concern
Canada’s April inflation figure anticipated to be well below the 5.2% wage growth
- By: Nojoud Al Mallees, Canadian Press
- May 12, 2023 May 12, 2023
- 13:39
U.K. economy grows sluggishly in 1st quarter as double digit inflation curbs consumer spending
No recession but output dropped in several sectors affected by strikes
- By: Danica Kirka, The Associated Press
- May 12, 2023 May 12, 2023
- 11:09
Grocery rebate bill receives royal assent
The CRA will deliver the one-time GST credit boost to Canadians in July
- By: Rudy Mezzetta
- May 11, 2023 May 11, 2023
- 16:53