U.S. employers are hiring briskly even in face of rate hikes
Restaurants, hotels, hospitals add jobs amid four consecutive 75-bps rate hikes
- By: Christopher Rugaber, The Associated Press
- November 4, 2022 November 4, 2022
- 10:53
Latest news in Industry News
Feds extend anti-flipping tax to assignment sales
The 12-month holding period would reset after the taxpayer took ownership of property
- By: Rudy Mezzetta
- November 3, 2022 November 3, 2022
- 17:41
Fiscal update confirms feds’ plans to proceed with various tax and estate proposals
The update did not provide details on measures set to take effect soon
- By: Melissa Shin, The Canadian Press
- November 3, 2022 January 17, 2023
- 17:25
Freeland presents modest mini budget, forecasts first surplus on the horizon
The Liberals are proposing a 2% tax on corporate stock buybacks
- By: The Canadian Press, IE Staff
- November 3, 2022 November 3, 2022
- 16:10
Great-West Lifeco profit down 21% in latest quarter
Results reflect impacts of Hurricane Ian, market volatility
- By: IE Staff
- November 3, 2022 November 3, 2022
- 15:44
Sun Life net income in Q3 down 54% from last year
Insurance sales in Canada were up 28%
- By: IE staff, with files from Canadian Press
- November 3, 2022 November 3, 2022
- 14:50
Canaccord Genuity’s net income plummets in latest quarter
Overall revenue was also down year over year, but North American wealth management revenue was up slightly
- By: IE Staff
- November 3, 2022 November 3, 2022
- 12:29
BoE makes biggest interest rate hike in 30 years
The aggressive move comes even as the Bank of England predicted a two-year economic contraction
- By: Danica Kirka, The Associated Press
- November 3, 2022 November 3, 2022
- 10:15
Fed unleashes another big rate hike but hints at a pullback
Short-term rate, at 3.75% to 4%, at 15-year high
- By: Christopher Rugaber, The Associated Press
- November 2, 2022 November 2, 2022
- 14:11
Political spat over climate risks in investments gets hotter
ESG getting pushback from politicians in Texas, Florida, West Virginia and others
- By: Steve Karnowski and Stanley Choe, The Associated Press
- November 2, 2022 November 2, 2022
- 12:49
What caused soaring seg fund sales last year?
Positive industry trends were the most prominent factors
- By: Michelle Schriver
- November 2, 2022 November 2, 2022
- 12:46
ICE expands bond trading in Canada
Regulatory approval for the platform extends fixed-income trading
- By: James Langton
- November 1, 2022 November 1, 2022
- 14:36
CRA announces CPP max pensionable earnings for 2023
The CRA also updated the RRSP dollar limit
- By: IE Staff
- November 1, 2022 November 1, 2022
- 10:16
As Canada faces potential recession, Freeland to give fall economic statement Nov. 3
The finance minister has warned not to expect more stimulus that would further fuel inflation
- By: Nojoud Al Mallees, Canadian Press, Mia Rabson, The Canadian Press
- October 28, 2022 October 28, 2022
- 15:25
A key U.S. inflation gauge stayed at a high 6.2% in September
American consumers “still have firepower,” while Fed remains under pressure to hike rates
- By: Christopher Rugaber, The Associated Press, with files from IE Staff
- October 28, 2022 October 28, 2022
- 12:15
Federal government posts $3.9B surplus for April to August
Program expenses dropped to $190B from $154.5B in first five months of 21-22
- By: The Canadian Press
- October 28, 2022 October 28, 2022
- 11:52
Canadian economy grew 0.1% in August, continuing on path of modest growth
Economy will ‘stall’ in months ahead: CIBC economist
- By: The Canadian Press
- October 28, 2022 October 28, 2022
- 11:35
Europe sees fastest pace of rate hikes since euro launched
The ECB raised interest rates again on Thursday, with more expected to come
- By: David McHugh, The Associated Press
- October 27, 2022 October 27, 2022
- 12:37
Small business confidence plummets amid high debt, climbing interest rates
Many businesses struggling to repay debt accumulated during Covid-19, CFIB says
- By: Brett Bundale, The Canadian Press
- October 27, 2022 October 27, 2022
- 12:08
Stress-test financial plans to ease client anxieties
After recent turmoil, clients may be more willing to consider high-risk events
- By: Rudy Mezzetta
- October 27, 2022 October 27, 2022
- 08:01
Banks adjust prime rates again after latest BoC hike
The central bank raised its key lending rate to 3.75% on Wednesday
- By: IE Staff
- October 26, 2022 October 26, 2022
- 16:20
Curb client confusion about financial planning
An investment plan does not equal a financial plan
- By: Katie Keir
- October 26, 2022 October 26, 2022
- 13:37
CWB merges legacy firms under new brand
Combined platform gives clients "a more cohesive, strengthened wealth offering"
- By: Rudy Mezzetta
- October 26, 2022 October 26, 2022
- 13:09
Bank of Canada slows pace of rate hikes but Macklem warns more to come
Key rate now 3.75%, up from 0.25% in March
- By: Nojoud Al Mallees, Canadian Press
- October 26, 2022 October 26, 2022
- 10:27
New U.K. leader to face highest government debt in 60 years
With rampant inflation, public borrowing rose to 98% of economic output in September
- By: Danica Kirka, The Associated Press
- October 21, 2022 October 21, 2022
- 11:37