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Bank of Canada facade

Bank of Canada appoints Michelle Alexopoulos to new deputy governor role

The U of T economics professor will work with the bank in a part-time role

receiving taxes owed

GST/HST break juiced restaurant jobs, but left retail sector behind

Restaurants added jobs, but 53% still operating at a loss or breaking even

TD bank. stock photo

TD Bank to get $20 billion from selling Charles Schwab stake

The bank is looking for ways to simplify its holdings and chart a path forward: CEO

Climate change board

RBC collaborates with carbon emissions reporting platform

Clients can track scope 1, 2 and 3 carbon emissions

TD bank. stock photo

TD Bank Group to sell remaining 10.1% stake in Charles Schwab

The bank's stake is worth roughly US$15.4 billion

Change concept with red paper airplane leading among white

IGM Financial hits asset highs in Q4

Quarterly mutual fund sales through the advisor network were up 45% year over year

  • By: IE Staff
  • February 7, 2025 February 7, 2025
  • 17:46
announcement

Industry moves this week

A mixture of executive and PM moves were announced

Federal government hosts Canada-U.S. economic summit during tariff threat pause

Trudeau, in opening remarks at the event, reiterated the need for a 'Team Canada' approach

Stock markets going up and down

Canaccord grows wealth management business, but posts Q3 loss

Global wealth management revenue grows 19.7% year over year to $233.4 million

A gavel rests on its sounding block with a several law books and a justice scale out of fucus in the background. A cool blue cast dominates the scene. (A gavel rests on its sounding block with a several law books and a justice scale out of fucus in t

FSRA revokes licence of former life agent for misappropriating client funds

Several clients who lost money filed lawsuits last year

  • By: IE Staff
  • February 6, 2025 February 6, 2025
  • 14:42
Piles of coins

Great-West Lifeco earns $1.1 billion in Q4, raises dividend

Insurer plans $500 million in share buybacks in 2025

Exterior of CRA headquarters building

Legal challenge to CRA’s administration of capital gains tax changes continues

Request for judicial review 'is not moot,' lawyer says, despite deferral of increased CGIR

Umbrella standing out from the crowd

Financial Horizons’ new president offers a ‘steady hand’ to MGA

Sean Downey sees potential for “organic and inorganic growth”

Quantum computer

AI can speed up uncontested probate applications: lawyers

But courts need to digitize before AI can be used

World Map in Currencies stock photo

U.S. tariffs remind Canada to diversify global trade

Trump has sullied the U.S.’s reliable reputation

Video conference screen

Claims of home-office expenses increased 41% last tax season

Some employees may have larger deductions using detailed method relative to temporary flat-rate method

Industry moves this week

TD promotes Ryan McNally, plus moves at Financial Horizons, Harbourfront and FSRA

RBC Bank branch stock photo

RBC quits UN-backed Net-Zero Banking Alliance

Bloomberg New Energy Finance ranked RBC as having the worst ratio of clean energy to fossil fuel funding among major global banks

parliament hill

Finance defers increase to capital gains inclusion rate to 2026

Deferral provides certainty to taxpayers, finance minister says

Bond board

CRA interest rate on overdue tax to hold steady in Q2

Prescribed rate for the second quarter to remain at 4%

Canadian money on printer

Federal government posts $22.7B deficit from April-to-November period

Over the same period last year, the government posted a $19.1B deficit

House of commons

Government unlikely to reach fiscal objective: PBO

Government needs to find $50B by 2029-30 to increase odds of reducing debt-to-GDP ratio

CRA signage

Legal challenges to capital gains tax changes aim to restore certainty to taxpayers

CRA is “trying to have it both ways,” legal counsel says

buying insurance on a cell phone

Viver to deliver group disability insurance online

Insurtech in B.C., Alberta and Ontario seeks licensing in 3 more provinces

Computer tapping

Tech Roundup: Wealthtech raises US$20M Series B funding

And, ATB Financial adopts Google AI