BMO reports Q4 profit, raises dividend
The bank's bottom line was boosted by Bank of the West acquisition
- By: The Canadian Press, IE Staff
- December 1, 2022 December 1, 2022
- 14:10
Latest news in Industry News
TD reports earnings up as it sees growth in margins and loans
The bank is putting more bankers, advisors on the street, CFO says
- By: Ian Bickis, The Canadian Press, IE Staff
- December 1, 2022 December 1, 2022
- 13:31
CIBC reports Q4 profit down from year ago, raises quarterly dividend
In wealth management, commission revenue was negatively affected by market performance, lower client activity
- By: IE staff, with files from Canadian Press
- December 1, 2022 December 1, 2022
- 11:40
Powell: Fed to keep rates higher for longer to cut inflation
A smaller December hike shouldn't be taken as a sign the Fed will let up on its inflation fight anytime soon
- By: Christopher Rugaber, The Associated Press
- November 30, 2022 November 30, 2022
- 13:52
Alt investors using alt data to gain an edge: report
From satellite imagery to biometrics, alternative managers are investing in new information sources
- By: Mark Burgess
- November 30, 2022 November 30, 2022
- 13:32
National Bank reports Q4 profit down from year ago, raises quarterly dividend
Wealth management profit was up by 24% on higher interest rates
- By: IE staff, with files from Canadian Press
- November 30, 2022 November 30, 2022
- 12:35
RBC reports $3.9B Q4 profit as it prepares for a more turbulent year ahead
Wealth management profits increased despite lower fee-based revenues
- By: IE staff, with files from Canadian Press
- November 30, 2022 November 30, 2022
- 12:04
Desjardins to acquire Worldsource wealth and insurance businesses from Guardian Capital
Desjardins said it plans to operate the three companies as standalone entities
- By: IE Staff
- November 30, 2022 November 30, 2022
- 11:02
BoC incurs first loss in its history
The central bank lost $522 million in the third quarter
- By: Nojoud Al Mallees, Canadian Press
- November 29, 2022 November 29, 2022
- 15:45
Canadian home prices expected to fall 3.3% in 2023: Re/Max report
Forecast decline nearly 12% in Toronto area, Halifax expected to gain 8%
- By: The Canadian Press
- November 29, 2022 November 29, 2022
- 14:39
Scotiabank reports $2.09B Q4 profit, down from $2.56B a year ago
AUM, wealth management revenue dropped amid challenging market conditions
- By: IE staff, with files from Canadian Press
- November 29, 2022 November 29, 2022
- 11:44
Saskatchewan’s bottom line remains stable, government posts a $1.1B surplus
Potash, oil production boosts revenue
- By: The Canadian Press
- November 29, 2022 November 29, 2022
- 11:43
Economists see underlying signs of weakening in third-quarter GDP numbers
Household savings rate rose to 5.7% in Q3; oil exports helped drive GDP growth
- By: Nojoud Al Mallees, Canadian Press
- November 29, 2022 November 29, 2022
- 09:14
RBC to buy HSBC Canada
HSBC signalled it was looking to sell its Canadian business back in October
- By: IE staff, with files from Canadian Press, Ian Bickis, The Canadian Press
- November 29, 2022 November 29, 2022
- 07:51
BlockFi seeks protection as FTX collapse rattles crypto
BlockFi claimed more than 100,000 creditors and liabilities ranging from $1 billion to $10 billion
- By: Michelle Chapman, The Associated Press
- November 28, 2022 November 28, 2022
- 15:03
Doubling first-time homebuyers’ tax credit to cost $115M: PBO
Meanwhile, eliminating student loan interest would cost $2.7 billion over five years, the Parliamentary Budget Officer finds
- By: Melissa Shin
- November 28, 2022 November 28, 2022
- 10:11
Banks to give financial update in Q4 results ahead of possible recession next year
A key question for analysts will be how much banks are profiting from their loans
- By: Ian Bickis, The Canadian Press
- November 28, 2022 November 28, 2022
- 10:00
Credit unions up their game in wealth management
The state of play of advisory, investment services from co-operatives, credit unions
- By: Greg Meckbach
- November 25, 2022 November 25, 2022
- 15:37
Alberta projects $12.3B surplus in latest fiscal update
The government set aside $2.8 billion over three years to cover inflation-fighting programs and payouts
- By: Dean Bennett
- November 25, 2022 November 25, 2022
- 15:07
Federal government posts $1.7-billion surplus for April to September period
Compared to the same period in the previous fiscal year, government revenues were up 18.6%
- By: The Canadian Press
- November 25, 2022 November 25, 2022
- 15:00
Cross-selling opportunities prompt P&C brokerages to buy advisors
Actual assets under management of advisor aren’t always worth purchasing on their own
- By: Philip Porado
- November 25, 2022 November 25, 2022
- 14:53
Leveraging technology to serve your clients
Advisors face a host of challenges integrating new tech
- By: Maddie Johnson
- November 25, 2022 November 25, 2022
- 09:32
How to prevent client complaints
At FP Canada's annual conference, Bessner outlined red flags to identify and mitigate
- By: Michelle Schriver
- November 24, 2022 November 25, 2022
- 16:36
Head of bankers group raises concerns about surtax
Anthony Ostler also called for more consumer protection in the emerging payments space
- By: IE staff, with files from Canadian Press
- November 24, 2022 November 24, 2022
- 15:45
Manulife cutting about 50 jobs as part of changes at its real estate operations
The company is moving away from property operations to refocus its business as an investment manager
- By: The Canadian Press
- November 24, 2022 November 24, 2022
- 13:59