European Central Bank makes largest ever interest rate hike
The ECB's benchmark is now 1.25% for lending to banks, with more hikes on tap
- By: David McHugh, The Associated Press
- September 8, 2022 September 8, 2022
- 10:35
Latest news in Industry News
Banks adjust prime rates after BoC hikes again
The Bank of Canada said interest rates will need to rise further to bring inflation down to its 2% target
- By: IE Staff
- September 7, 2022 September 7, 2022
- 15:58
Bank CEOs say higher rates starting to dampen growth despite economic buffers
Pullback in commercial borrowing predicted
- By: Ian Bickis, The Canadian Press
- September 7, 2022 September 7, 2022
- 15:34
Fed’s Brainard: Rates to rise higher, stay elevated longer
Central bank official confident U.S. inflation will fall to 2%
- By: Christopher Rugaber, The Associated Press
- September 7, 2022 September 7, 2022
- 15:10
Bank of Canada raises key interest rate by 0.75%, says rates likely need to go higher
Short-term inflation expectations remain high
- By: Nojoud Al Mallees, Canadian Press
- September 7, 2022 September 7, 2022
- 10:26
Latest credential undermines title regulation, advocates say
New designation approved by FSRA has requirements very similar to those of SROs
- By: Michelle Schriver
- September 2, 2022 September 2, 2022
- 14:08
Lower U.S. job gain in August could aid Fed’s inflation fight
Unemployment rose to 3.7%, from 3.5% in July
- By: Christopher Rugaber, The Associated Press
- September 2, 2022 September 2, 2022
- 11:07
How not to end an advisor partnership
A dispute among high-performing financial advisors demonstrates the importance of a clear departure agreement
- By: Todd Humber
- September 2, 2022 September 1, 2022
- 11:00
Sun Life buying majority stake in Advisors Asset Management for US$214M
AAM to distribute SLC Management alts to U.S. retail market
- By: The Canadian Press
- September 2, 2022 September 2, 2022
- 10:27
Inflation hits 9.1% in countries using euro currency
Energy prices rose 38.3% in August in euro zone
- By: Kelvin Chan, Associated Press
- August 31, 2022 August 31, 2022
- 12:04
Canadian economic growth lags expectations in Q2; July estimate points to contraction
BoC still says economy’s overheated while real GDP rose 0.8% in Q2
- By: The Canadian Press
- August 31, 2022 August 31, 2022
- 11:33
BMO wraps Big Six earnings with Q3 profits down from a year ago
The wealth management division saw a 15% income dip
- By: Ian Bickis, The Canadian Press
- August 30, 2022 August 30, 2022
- 14:14
RBC climate action mild enough to pass Texas fossil fuel test
RBC was one of 19 financial institutions that Texas flagged for further investigation
- By: Ian Bickis, The Canadian Press
- August 29, 2022 August 29, 2022
- 14:54
Issues for advisors to watch this fall
Keep an eye on interest rates, inflation, legislation and more
- By: IE Staff
- August 29, 2022 August 29, 2022
- 12:16
Growth in client leverage a potential risk
Regulators on alert as interest rates rise and markets are volatile
- By: James Langton
- August 29, 2022 August 29, 2022
- 00:11
Sagicor buys insurer Ivari for $325 million
Ivari, formerly Transamerica Life Canada, offers life insurance and critical illness products
- By: Rudy Mezzetta
- August 26, 2022 August 26, 2022
- 12:56
Manulife discontinues disability products for business owners
The insurer will stop accepting new business for four individual disability products as of Sept. 30
- By: Greg Meckbach
- August 25, 2022 August 25, 2022
- 16:44
TD Bank prepares for economic downturn as profit falls in Q3
The bank set aside $351 million in the quarter for potential loan losses
- By: Ian Bickis, The Canadian Press, IE Staff
- August 25, 2022 August 25, 2022
- 13:44
CIBC sees profit dip as it set aside loan-loss provisions
In wealth management, volatility weighs on near-term growth, report to shareholders says
- By: Ian Bickis, The Canadian Press, IE Staff
- August 25, 2022 August 25, 2022
- 12:46
National Bank reports third-quarter profit down from year ago
The bank's wealth management business earned $181 million, up 10% from $164 million a year ago
- By: IE staff, with files from Canadian Press
- August 24, 2022 August 24, 2022
- 15:05
RBC reports Q3 profit down from year ago as it prepares for potential recession ahead
Wealth management operations earned $777 million in Q3, up year-over-year from $744 million
- By: Ian Bickis, The Canadian Press
- August 24, 2022 August 24, 2022
- 10:54
Saskatchewan reverses planned tax hike, will issue $500 to residents
The province has enough money to balance the 2022-23 budget, says Finance Minister Donna Harpauer
- By: IE staff, with files from Canadian Press
- August 23, 2022 August 26, 2022
- 13:10
Liberal tax promise tracker, end of summer edition
Here’s the status of proposals that matter to your clients
- By: Melissa Shin
- August 22, 2022 August 22, 2022
- 16:25
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
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