Banks focus on staff cuts, provisions for bad loans in Q4
The two dominant themes emerge ahead of an uncertain 2024
- By: Ian Bickis, The Canadian Press
- December 1, 2023 December 1, 2023
- 14:49
Top Stories in News
BMO sees higher cost savings ahead thanks to Bank of the West, cuts to real estate
The bank expects synergies of US$800 million — up 20% from a previous estimate
- By: Ian Bickis, The Canadian Press, IE Staff
- December 1, 2023 December 1, 2023
- 14:28
Cutting consultations won’t cut red tape: IIAC
Trade group pushes back on Ontario's plan to shorten regulatory comment periods
- By: James Langton
- December 1, 2023 December 1, 2023
- 12:14
Offshore crypto platform sanctioned in Quebec
AMF alleged that CoinEx ignored regulators' efforts to get crypto firms registered
- By: James Langton
- December 1, 2023 December 1, 2023
- 11:51
Industry News
Fed’s Powell notes inflation is easing but says further progress is needed
Federal Reserve expected to hold interest rates at December meeting
- By: Christopher Rugaber, The Associated Press, The Associated Press
- December 1, 2023 December 1, 2023
- 11:36
Industry News
National Bank reports Q4 profit up from year ago, raises quarterly dividend
Profit in wealth management was down 20%
- By: The Canadian Press, IE Staff
- December 1, 2023 December 1, 2023
- 11:12
Research and Markets
Unemployment rate rises to 5.8% in November
Canadian economy added a modest 25,000 jobs in the month
- By: The Canadian Press
- December 1, 2023 December 1, 2023
- 10:45
Labour demand eases in September: StatsCan
Job vacancies continue their steady decline
- By: James Langton
- November 30, 2023 November 30, 2023
- 16:36
From the Regulators
FINRA sanctions trading oversight violations
BofA fined over anti-spoofing supervision in U.S. Treasury markets
- By: James Langton
- November 30, 2023 November 30, 2023
- 16:29
Industry News
Banks report higher provisions for bad loans, focus on expenses as economy slows
CIBC, RBC, Scotiabank and TD have all cut staff this year
- By: Ian Bickis, The Canadian Press
- November 30, 2023 November 30, 2023
- 16:10
Industry News
B.C. files application for Canada’s first unexplained wealth order
The notice of civil claim is the start of a series of similar applications, minister says
- By: The Canadian Press
- November 30, 2023 November 30, 2023
- 15:40
Canadian economy shrank in Q3
Economists expect Bank of Canada to remain on hold amid economic weakness
- By: Nojoud Al Mallees, Canadian Press
- November 30, 2023 November 30, 2023
- 15:18
FP Canada announces latest QAFP exam results
The October sitting had 57 candidates
- By: IE Staff
- November 30, 2023 November 30, 2023
- 15:10
Stock markets rise with the latest U.S. economic data ‘sending the right signals’
The S&P/TSX composite index rose 58.63 points to 32,058.73
- By: Daniel Johnson, The Canadian Press
- December 23, 2025 December 23, 2025
- 17:07
Bank of Canada governing council says trade uncertainty clouding outlook
The central bank issued a summary of its overnight-rate deliberations earlier this month
- By: Lauren Krugel, The Canadian Press
- December 23, 2025 December 23, 2025
- 14:00
Consumer confidence in U.S. slides in December to lowest level since tariffs rolled out in April
Americans’ assessments of their current economic situation tumbled: survey
- By: Matt Ott, The Associated Press
- December 23, 2025 December 23, 2025
- 10:56
SEC charges seven groups in alleged crypto confidence scam
Retail investors targeted by so-called investment groups on social media
- By: Alisha Hiyate
- December 24, 2025 December 24, 2025
- 08:45
Dramatic increase in Fintrac fines coming, but their effectiveness is less clear
The increase is part of an effort to beef up anti-money laundering measures
- By: Ian Bickis, The Canadian Press
- December 22, 2025 December 22, 2025
- 08:12
SEC sanctions Canadian over pump-and-dumps
Accountant allegedly found assets used to lure investors to schemes
- By: James Langton
- December 19, 2025 December 19, 2025
- 15:39
CPP Investments acquires minor stake in lubricants company Castrol
The pension fund is investing up to US$1.05 billion
- By: The Canadian Press
- December 24, 2025 December 24, 2025
- 10:07
Industry moves: Two new adjudicators join Capital Markets Tribunal
Plus, promotions at Harvest and Ontario Teachers' Pension Plan Board
- By: Alisha Hiyate
- December 24, 2025 December 24, 2025
- 08:38
Impersonation scams threaten advisors and their clients
High-profile firms and their clients were targeted in 2025
- By: IE Staff
- December 24, 2025 December 24, 2025
- 01:34
Industry moves: Richardson Wealth, CIBC Wood Gundy and CI Assante score veteran teams
Plus, Wellington-Alus Private Counsel and Ninepoint Partners add new talent
- By: Alisha Hiyate
- October 3, 2025 November 12, 2025
- 17:39
Industry moves: John MacIntyre named chair of TD Bank
Also, moves at Mackenzie Investments, Edward Jones Canada and the CSA
- By: Alisha Hiyate
- August 4, 2025 August 1, 2025
- 00:33
Industry moves: Huston Loke leaves FSRA
Plus, moves at BMO Private Wealth, Fiera Capital and CIBC GAM
- By: Alisha Hiyate
- July 18, 2025 July 18, 2025
- 17:06
Investment fund sales, assets climbed in November: SIMA
Mutual fund, ETF AUM rose for the seventh consecutive month
- By: Noushin Ziafati
- December 19, 2025 December 19, 2025
- 11:58
Product roundup: Ardian brings evergreen PE fund to Canada
Plus, other product launches and news, including more ESG fund terminations
- By: Noushin Ziafati
- December 15, 2025 December 16, 2025
- 11:29
The ETF year in review
More than 300 new products landed in 2025 — a new record
- By: Rudy Luukko
- December 12, 2025 December 12, 2025
- 13:24