Canadian banks to report earnings amid rising interest rate environment
This week's results come with bank stocks under some pressure as part of the wider economic uncertainty
- By: Ian Bickis, The Canadian Press
- August 22, 2022 August 22, 2022
- 10:08
Latest news in Industry News
OMERS reports 0.4% portfolio loss in first half of 2022
Ontario municipal workers’ pension fund had 6% net investment gain for year ending June 30
- By: The Canadian Press
- August 19, 2022 August 19, 2022
- 14:57
Statistics Canada says retail sales rose 1.1% in June to $63.1 billion
Inflation was main contributor; volume only up 0.2%
- By: The Canadian Press
- August 19, 2022 August 19, 2022
- 13:42
TD Wealth raises new planner pay
As the bid for talented advisors increases, other Big Six banks haven't made material changes to compensation for incoming branch advisors
- By: Katie Keir
- August 19, 2022 August 19, 2022
- 10:30
Separation agreement didn’t terminate “marriage-like” relationship
A B.C. court case considers the validity of a common-law relationship
- By: IE Staff
- August 18, 2022 August 18, 2022
- 17:24
At takeover meeting, TD urged to better benefit underserved groups in U.S.
At issue is the bank's poor track record of serving Black, Latino clients
- By: Ian Bickis, The Canadian Press
- August 18, 2022 August 18, 2022
- 14:43
Suspensions down, permanent bans up for financial planners in 2021
Enforcement activity was included in FP Canada's annual report
- By: IE Staff
- August 18, 2022 August 18, 2022
- 14:24
Increased loneliness, isolation a side effect of inflation for Canadian seniors
Getting about costs money but the elderly are seeing a crunch on grocery bills, investment portfolios
- By: Amanda Stephenson, Canadian Press
- August 17, 2022 August 17, 2022
- 12:35
Demographic trends provide a floor to housing correction: RBC
Immigration and smaller households should boost demand and prevent a market spiral, a report says
- By: Mark Burgess
- August 17, 2022 August 17, 2022
- 12:07
U.S. retail sales were flat in July as inflation takes a toll
Americans spent more on building, garden supplies; less at clothing stores
- By: Paul Wiseman and Anne D’innocenzio, The Associated Press
- August 17, 2022 August 17, 2022
- 11:51
Negative market returns weigh on Q2 pension funding: FSRA
The median solvency ratio decreased slightly after eight straight quarterly improvements
- By: IE Staff
- August 16, 2022 August 16, 2022
- 15:27
Industry ‘will see how things shake down’ with new lifeco solvency metric
Changes to the life insurance capital adequacy test, released in July, take effect in 2023
- By: Greg Meckbach
- August 16, 2022 August 16, 2022
- 14:52
China cuts interest rate to shore up sagging economy
The Communist Party effectively acknowledged last month that it can't hit this year's official 5.5% growth target
- By: Joe McDonald, The Associated Press
- August 15, 2022 August 15, 2022
- 10:26
MX to launch market making for overnight trading
Bourse issues RFP seeking firms to serve as market makers
- By: James Langton
- August 12, 2022 August 12, 2022
- 14:54
CI posts decline in revenue in volatile Q2
Total assets down 7.6% from previous quarter, but up 12.2% year over year
- By: Rudy Mezzetta
- August 11, 2022 August 11, 2022
- 15:32
Manulife reports $1.6B drop in Q2 earnings on market impacts
Participating insurance sales helped drive 32% premium increase in Canada
- By: IE staff, with files from Canadian Press
- August 11, 2022 August 11, 2022
- 15:09
Brookfield reports profit fell in the second quarter, revenue up
Record inflows contribute to strong fundraising outlook, the alternative asset manager said
- By: The Canadian Press
- August 11, 2022 August 11, 2022
- 10:25
Canada Pension Plan Investment Board loses 4.2% in Q1
Private equity, credit and real estate contributed "modestly" to the losses, the board said
- By: The Canadian Press
- August 11, 2022 August 11, 2022
- 10:09
Disinherited children win big in Alberta and B.C. courts
Such scenarios are becoming increasingly common as estate sizes increase, a Vancouver lawyer suggests
- By: Michael McKiernan
- August 11, 2022 August 11, 2022
- 09:52
Feds move ahead with CCPC measures
Draft legislation includes expanded SBD access, definition of substantive Canadian-controlled private corporation
- By: Michelle Schriver
- August 11, 2022 August 11, 2022
- 09:02
Distorted economic data makes recession call more difficult, economist says
Economist forecasts a "storm" in economic data as we emerge from the pandemic
- By: Greg Meckbach
- August 10, 2022 August 10, 2022
- 15:49
Finance releases details on new First Home Savings Account
Proposed rules outline age limit and allow unused contribution room to be carried forward
- By: Rudy Mezzetta
- August 9, 2022 November 23, 2022
- 16:16
Draft legislation addresses trust reporting, anti-flipping rules
The legislation also covered changes to RRSP and RRIF reporting, charity disbursements and more
- By: Melissa Shin
- August 9, 2022 August 9, 2022
- 15:31
Feds soften banks’ recovery dividend in draft legislation
However, the bank and insurer surtax remains at 1.5% for profits over $100M
- By: Melissa Shin
- August 9, 2022 August 9, 2022
- 14:27
New and upgraded tax credits coming for clients
The Liberal government is moving ahead with tax proposals
- By: Mark Burgess
- August 9, 2022 August 9, 2022
- 14:19