Big banks raise prime rate after BoC hike
The rise will increase the cost of loans such as variable-rate mortgages that are linked to the benchmark
- By: IE staff, with files from Canadian Press
- March 2, 2022 March 2, 2022
- 15:19
Latest news in Industry News
Ukraine war has investors grappling with geopolitics
The conflict is forcing investors to reassess growth and profit outlooks
- By: Mark Burgess
- March 2, 2022 March 2, 2022
- 14:27
Powell tells Congress that Fed will raise rates this month
The U.S. central bank chair expects “it will be appropriate” to raise interest rates at its March 15-16 meeting
- By: Christopher S. Rugaber
- March 2, 2022 March 2, 2022
- 11:47
Laurentian Bank Q1 profit up, beats expectations
Laurentian Bank of Canada reported first-quarter revenue of $257.5 million
- By: The Canadian Press
- March 2, 2022 March 2, 2022
- 11:22
Scotiabank reports $2.7 billion net income for Q1
The bank's AUM of $345 billion represents an 11% increase from last year
- By: IE Staff
- March 1, 2022 March 1, 2022
- 14:58
Canadian economy ends strong year with 6.7% growth in Q4
The economy held up better than many expected through the omicron wave, providing justification for rate hikes
- By: IE staff, with files from Canadian Press
- March 1, 2022 March 1, 2022
- 12:00
TD buying U.S. bank First Horizon for US$13.4 billion
Scotiabank also said Monday it's increasing its stake in its Chilean unit in a $1.3-billion deal
- By: IE staff, with files from Canadian Press
- February 28, 2022 February 28, 2022
- 11:51
National Bank reports Q1 profit of $932M, boosted by trading revenue
Net income for the wealth management segment was up 11% year over year
- By: IE staff, with files from Canadian Press
- February 25, 2022 February 25, 2022
- 15:26
CIBC revenue growth outpaces expenses, proposes stock splits
The wealth management business benefited from both market appreciation and client flows, the bank said Friday
- By: IE staff, with files from Canadian Press
- February 25, 2022 February 25, 2022
- 15:18
Canadian companies at risk from Russia cyberattacks in retaliation for sanctions
Financial, energy and telecom sectors are being monitored for potential threats
- By: The Canadian Press
- February 25, 2022 February 25, 2022
- 15:04
Alberta budget out of red, forecasts rosy economic future
The surplus is another pendulum swing for a province that for decades has been riding the dizzying highs and subterranean lows of oil and gas…
- By: Dean Bennett
- February 24, 2022 February 24, 2022
- 17:52
Russia Ukraine conflict raises big risks for global economy
Europe receives close to 40% of its natural gas from Russia
- By: Paul Wiseman And David McHugh, The Associated Press
- February 24, 2022 February 24, 2022
- 16:23
U.S. revises Q4 GDP estimate to 7%
For the full year of 2021, the U.S. GDP grew by 5.7%, the fastest calendar-year growth since 1984
- By: Paul Wiseman
- February 24, 2022 February 24, 2022
- 12:44
CFA Institute releases final diversity code for Canada, U.S.
In Canada, the code requires that organizations commit to embracing Indigenous reconciliation
- By: Melissa Shin
- February 24, 2022 February 24, 2022
- 11:59
Housing, tax fairness likely to feature in Budget 2022, experts say
Don't expect significant broad-based tax increases in the federal budget, but look for updates on several campaign promises from the Liberals
- By: Rudy Mezzetta
- February 23, 2022 February 23, 2022
- 17:34
B.C. budget forecasts $5.5B deficit
A three-year climate fund will support ongoing disaster cleanup and rebuilding in southern B.C. communities hit by last November's floods and mudslides
- By: Dirk Meissner
- February 22, 2022 February 23, 2022
- 20:00
Canadian retail sales dropped 1.8% in December
Sales dropped in eight of 11 subsectors including furniture, down 11.3%
- By: The Canadian Press
- February 18, 2022 February 18, 2022
- 11:47
BMO launches lending program for Black entrepreneurs
With this announcement, three of the Big Six now have specialized lending programs
- By: Melissa Shin
- February 18, 2022 February 18, 2022
- 09:01
iA Financial sold most seg funds in Canada last year
The company's fourth quarter results were also strong
- By: IE Staff
- February 17, 2022 February 17, 2022
- 12:03
Faster rate hikes likely if inflation stays high: U.S. Fed
Minutes released Feb. 16 of the U.S. central bank’s policy meeting show most policymakers say faster interest rate hikes are needed if inflation does not…
- By: Christopher S. Rugaber
- February 16, 2022 February 16, 2022
- 16:28
Inflation continues to outstrip wage growth as annual rate surpasses 5%
Bank of Canada deputy governor Timothy Lane said Wednesday the central bank still expects inflation rates to come down quickly in the second half of…
- By: The Canadian Press
- February 16, 2022 February 16, 2022
- 10:12
Could inflation benefit Canada’s life insurers?
How inflation affects policyholder behaviour remains to be seen, an analyst with A.M. Best Company Inc. says
- By: Greg Meckbach
- February 14, 2022 February 14, 2022
- 14:54
CIBC’s loan program for Black entrepreneurs launched
In its first two weeks the program has attracted more than 600 inquiries
- By: Melissa Shin
- February 11, 2022 February 11, 2022
- 16:31
What’s new on income tax returns for 2021
The Canada Revenue Agency highlights credits and deductions
- By: IE Staff
- February 11, 2022 February 11, 2022
- 13:57
Insurers see growth potential in Asian markets as middle class grows
Asian markets propped up fourth-quarter results for Manulife, Sun Life
- By: Ian Bickis, The Canadian Press
- February 10, 2022 February 10, 2022
- 17:29