Federal deficit nearly $96 billion for 2021-22
The 2021-22 deficit was $95.6 billion, down from $314 billion in 2020-21
- By: The Canadian Press
- May 27, 2022 May 27, 2022
- 16:16
Latest news in Industry News
National Bank reports Q2 profit up from year ago, raises dividend
The bank's wealth management arm earned $169 million in the quarter, up 3% from a year ago
- By: IE staff, with files from Canadian Press
- May 27, 2022 May 27, 2022
- 15:27
Luxury vehicle tax to bring in less than $800M over five years: PBO
Parliamentary Budget Officer estimates the tax will reduce vehicle sales by a much greater amount, however
- By: Melissa Shin
- May 27, 2022 May 27, 2022
- 14:11
Commission-free trading driving satisfaction for DIY investors: J.D. Power
More than one-third of millennial DIY investors surveyed in Canada have invested in cryptocurrencies
- By: IE Staff
- May 26, 2022 May 26, 2022
- 14:46
Retail sales essentially unchanged in March: StatCan
New car sales dropped 5.9% but Canadians spent more on building materials and garden supplies
- By: The Canadian Press
- May 26, 2022 May 26, 2022
- 14:44
CIBC reports Q2 profit down from year ago, wealth management profit up 20%
CIBC's Canadian commercial banking and wealth management business earned $480 million for the quarter
- By: IE staff, with files from Canadian Press
- May 26, 2022 May 26, 2022
- 14:34
RBC’s McKay says “50/50” chance of recession as it reports revenue dip, earnings up
Net income for the bank's wealth management division increased to $750 million compared with $683 million a year ago
- By: IE staff, with files from Canadian Press
- May 26, 2022 May 26, 2022
- 12:21
AUM up 3.5% at TD Bank
Assets under management in Canadian retail were $411 billion as of April 30, up from $397 billion at the end of Q2 2021
- By: IE staff, with files from Canadian Press
- May 26, 2022 May 26, 2022
- 11:55
OSC withdraws some charges against former CannTrust leaders at hearing
Fraud charges remain
- By: The Canadian Press
- May 25, 2022 May 25, 2022
- 15:47
Federal Reserve officials signal rates may head to “restrictive” levels
Meeting minutes suggest half-point increases may be appropriate ahead
- By: Christopher Rugaber, The Associated Press, The Associated Press
- May 25, 2022 May 25, 2022
- 14:39
Scotiabank reports profits up on loan growth, higher interest margins
Global wealth management earnings grew 9%
- By: Ian Bickis, The Canadian Press, IE Staff
- May 25, 2022 May 25, 2022
- 12:11
CRA clarifies tax treatment of settlement payments related to RRSPs, other plans
In an income tax folio, the Canada Revenue Agency clarified its position on settlement amounts and registered plans
- By: Rudy Mezzetta
- May 24, 2022 May 24, 2022
- 13:03
CPPIB says its fund earned 6.8% in latest fiscal year
Private equity, infrastructure, real estate helped contribute to returns
- By: The Canadian Press
- May 19, 2022 May 19, 2022
- 10:24
How should inflation affect retirement withdrawal rates?
Experts at the Morningstar Investment Conference discussed strategies for anxious retirees
- By: Mark Burgess
- May 18, 2022 May 18, 2022
- 14:35
How the investment thesis for crypto has changed
Bitcoin has behaved more like a risk asset this year than an inflation hedge
- By: Daniel Calabretta
- May 17, 2022 May 17, 2022
- 16:35
Geopolitical risk is hard to measure in ESG, and it’s not going away
A panel at the Morningstar Investment Conference discussed Russia and China from a clean energy perspective
- By: Mark Burgess
- May 17, 2022 May 17, 2022
- 15:00
Ontario, Quebec yet to match feds’ proposed small business tax break
The federal budget proposed increasing the level of taxable capital at which a business can still access the small business rate
- By: Rudy Mezzetta
- May 13, 2022 May 13, 2022
- 16:36
Trends in claims against advisors
Red flags to guard against in your practice were outlined at an IFB event
- By: Michelle Schriver
- May 13, 2022 May 13, 2022
- 13:32
CI to ramp up recruiting under consolidated Canadian wealth unit
CI Financial Corp. is taking a “centralized” approach to advisor recruitment, in part to avoid having its CI Assante Wealth Management and Aligned Capital Partners…
- By: Rudy Mezzetta
- May 12, 2022 May 27, 2022
- 16:28
“Perfect storm” fuelling inflation, BoC says
But the situation is different from the '70s
- By: The Canadian Press
- May 12, 2022 May 12, 2022
- 15:23
Slumping markets hit iA profit despite strong sales
The firm reported net income attributable to common shareholders of $151 million in Q1, down 13%
- By: IE Staff
- May 12, 2022 May 12, 2022
- 14:39
Brookfield to spin off asset management business
A 25% stake in the new company will be distributed to shareholders by year's end
- By: The Canadian Press
- May 12, 2022 May 12, 2022
- 10:11
U.S. inflation hit 8.3% last month but slows from 40-year high
Grocery prices up 10.8%, steak is “almost out of the question”
- By: Christopher S. Rugaber
- May 11, 2022 May 11, 2022
- 12:30
Big firms bank on attracting advisors
Industry leaders cite planning, culture, banking power to fuel advisor practices
- By: Michelle Schriver
- May 10, 2022 May 10, 2022
- 16:57
Recent investment product launches
'Megatrend' and U.S. taxpayer funds are among the recent releases
- By: IE Staff
- May 10, 2022 May 10, 2022
- 12:11