Higher interest rates needed, Macklem says
Early signs of a slowing economy aren't enough, the Bank of Canada governor said in a speech
- By: Nojoud Al Mallees, Canadian Press
- October 6, 2022 October 6, 2022
- 14:56
Latest news in Industry News
CME plans new crypto benchmarks
Three new reference rates, indexes will debut on Oct. 31
- By: James Langton
- October 6, 2022 October 6, 2022
- 14:22
IMF warns of higher recession risk and darker global outlook
The bleak projections come as central banks around the world raise interest rates to tame inflation
- By: The Associated Press
- October 6, 2022 October 6, 2022
- 12:45
OPEC+ makes big oil cut to boost prices
The move could deal the struggling global economy another blow
- By: David Mchugh, The Associated Press
- October 5, 2022 October 5, 2022
- 15:15
Toronto area home sales in September down 44% from last year as new listings fall
Detached home prices down 10% year over year, condos up 3%
- By: Tara Deschamps, The Canadian Press
- October 5, 2022 October 5, 2022
- 14:30
Statistics Canada says merchandise trade surplus fell to $1.5B in August
Second consecutive monthly export decline
- By: The Canadian Press
- October 5, 2022 October 5, 2022
- 14:01
CRA charging higher interest on amounts owed
Clients who owe the CRA would be wise to pay even if they dispute the amount, experts say
- By: Rudy Mezzetta
- October 5, 2022 October 5, 2022
- 10:58
RBC buys MDBilling.ca in latest health-care push
Competition in the space picked up in 2018 after Scotiabank acquired MD Financial Management
- By: Ian Bickis, The Canadian Press
- October 4, 2022 October 4, 2022
- 16:45
HSBC considering potential sale of Canadian business
It is the seventh largest bank in Canada and operates more than 130 branches across the country
- By: IE staff, with files from Canadian Press
- October 4, 2022 October 4, 2022
- 12:54
Asking the right questions with clients
Including clients in a solution will strengthen relationships
- By: Daniel Calabretta
- October 4, 2022 October 4, 2022
- 11:47
Which of your fees are exempt from sales tax?
Advisors must navigate a series of complicated excise tax rules to ensure they are charging clients correctly
- By: Rudy Mezzetta
- October 4, 2022 October 19, 2022
- 10:23
Inflation hits record 10% in 19 EU countries using euro
Energy prices up 40.8%
- By: David Mchugh, The Associated Press
- September 30, 2022 September 30, 2022
- 14:05
Resilient U.S. consumers spend slightly more in August
Spending on track to slow in Q3
- By: Christopher Rugaber, The Associated Press
- September 30, 2022 September 30, 2022
- 12:59
Don’t wait for clients to ask about planning gaps
Aspirational planners need to take action for clients, Planworth's James Fraser said at IAFP's 2022 symposium
- By: Katie Keir
- September 29, 2022 September 29, 2022
- 15:59
CIBC aims to cut emissions intensity from power portfolio by 32% by 2030
The target is a step toward net-zero emissions by 2050
- By: Ian Bickis, The Canadian Press
- September 29, 2022 September 29, 2022
- 14:04
AdvisorFlow enhances its digital platform
The fintech has partnered with Equisoft to accelerate collection of client data
- By: IE Staff
- September 29, 2022 September 29, 2022
- 11:50
U.S. Treasury moves forward with database on corporate ownership
The measure aims to combat illicit finance
- By: Fatima Hussein, The Associated Press
- September 29, 2022 September 29, 2022
- 10:53
Spain agrees on temporary wealth tax, hikes for big earners
The revenue will finance initiatives to help people with lower incomes, the government said
- By: Ciaran Giles, The Associated Press
- September 29, 2022 September 29, 2022
- 10:44
U.K. central bank intervenes in market to halt economic crisis
BoE to buy long-dated British government bonds
- By: Jill Lawless and Danica Kirka, The Associated Press
- September 28, 2022 September 28, 2022
- 12:07
Labour shortage, pandemic savings to soften blow of short-lived recession: report
Deloitte predicts 6% unemployment, technical recession
- By: Nojoud Al Mallees, Canadian Press
- September 28, 2022 September 28, 2022
- 11:52
Harbourfront finalizes investment from U.S. private equity firm
The financing will be put toward expansion, the firm said
- By: IE Staff
- September 27, 2022 September 26, 2022
- 08:00
TMX to close down fund platform
The exchange will shut down TSX NAVEx at the end of this year
- By: James Langton
- September 26, 2022 September 26, 2022
- 17:08
Scotiabank CEO Brian Porter to retire
Scotia board member and Finning CEO Scott Thomson will take over next year
- By: Adena Ali, The Canadian Press
- September 26, 2022 September 26, 2022
- 14:22
Court of Appeal upholds sharing of Canadian bank account info with U.S. authorities
FATCA requires banks and other institutions to report information about accounts held by U.S. individuals
- By: The Canadian Press
- September 23, 2022 September 23, 2022
- 15:13
Statistics Canada says retail sales fell 2.5% to $61.3 billion in July
Gas sales dropped 14.2%
- By: The Canadian Press
- September 23, 2022 September 23, 2022
- 11:37