RBC reports Q1 profit down as expenses, provisions for credit losses rise
Rising interest rates drive increase in wealth management revenue
- By: Ian Bickis, The Canadian Press, IE Staff
- March 1, 2023 March 1, 2023
- 14:52
Rising interest rates drive increase in wealth management revenue
A KPMG survey finds 88% of Black Canadian workers feel companies need stronger commitments and targets for hiring and promoting Black people
The provincial budget forecasts years of deficits, but spends big on health, housing, families
The province's budget contains a plan for legislated balanced budgets
Changes in the market environment have made the structure less tenable six years after legislation removed a main tax advantage
SRO panel delayed its decision pending proof of repayment that never came
Conference Board expects oil-producing provinces to post strongest growth
Spaces that help attract workers back to the office will be a priority in 2023
The taxpayer's penalty for filing foreign account forms late was reduced to $50,000 from $2.72 million
U.S. regulators charged the crypto firm's top engineer
Net income for wealth management was down 12% from a year ago
Deal-makers have yet to fully adjust to prevailing economic conditions
Former federal prosecutor to lead regulator's enforcement division
Precious metals action calms, while Dow Jones tops 50K
Report calls for action on data gaps, surveillance, leverage
Trade deficit remains unchanged amid shifting tariff policy, Fitch reports
Trust account used in fraud, misappropriation, Law Society finds
Policy failed to cover hedge fund investment that turned out to be a fraud
Firm allegedly touted stocks on social media, while selling its holdings
The honours will be presented Feb. 12, at the association's Embrace the Challenge event
Start with flexibility, tax efficiency, simplicity
Brokers, MGAs, software providers and TPAs set to evolve
Plus, moves at Our Family Office, Harvest ETFs, Manulife Wealth, Canada Life and more
Plus, Wellington-Alus Private Counsel and Ninepoint Partners add new talent
Also, moves at Mackenzie Investments, Edward Jones Canada and the CSA
Plus, National Bank changes diversified equity fund
Net monthly ETF inflows reach $22B in January: report
Plus, other firms launch new products, tweak their fund lineups