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
Latest news in Industry News
GST/HST break juiced restaurant jobs, but left retail sector behind
Restaurants added jobs, but 53% still operating at a loss or breaking even
- By: Jonathan Got
- February 11, 2025 February 11, 2025
- 13:29
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
- By: The Canadian Press
- February 11, 2025 February 11, 2025
- 11:33
RBC collaborates with carbon emissions reporting platform
Clients can track scope 1, 2 and 3 carbon emissions
- By: Jonathan Got
- February 10, 2025 February 10, 2025
- 12:57
TD Bank Group to sell remaining 10.1% stake in Charles Schwab
The bank's stake is worth roughly US$15.4 billion
- By: The Canadian Press
- February 10, 2025 February 10, 2025
- 09:56
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
Industry moves this week
A mixture of executive and PM moves were announced
- By: Alisha Hiyate
- February 7, 2025 February 7, 2025
- 15:15
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
- By: Sarah Ritchie and Sammy Hudes, The Canadian Press
- February 7, 2025 February 7, 2025
- 09:43
Canaccord grows wealth management business, but posts Q3 loss
Global wealth management revenue grows 19.7% year over year to $233.4 million
- By: Alisha Hiyate
- February 6, 2025 February 6, 2025
- 16:54
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
Great-West Lifeco earns $1.1 billion in Q4, raises dividend
Insurer plans $500 million in share buybacks in 2025
- By: The Canadian Press, with files from IE
- February 6, 2025 February 6, 2025
- 12:17
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
- By: Michelle Schriver
- February 5, 2025 February 7, 2025
- 17:23
Financial Horizons’ new president offers a ‘steady hand’ to MGA
Sean Downey sees potential for “organic and inorganic growth”
- By: Alisha Hiyate
- February 5, 2025 February 4, 2025
- 09:15
AI can speed up uncontested probate applications: lawyers
But courts need to digitize before AI can be used
- By: Jonathan Got
- February 4, 2025 February 4, 2025
- 11:55
U.S. tariffs remind Canada to diversify global trade
Trump has sullied the U.S.’s reliable reputation
- By: Jonathan Got
- February 4, 2025 February 4, 2025
- 07:59
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
- By: Michelle Schriver
- February 3, 2025 February 3, 2025
- 14:55
Industry moves this week
TD promotes Ryan McNally, plus moves at Financial Horizons, Harbourfront and FSRA
- By: Alisha Hiyate
- January 31, 2025 January 31, 2025
- 16:56
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
- By: The Canadian Press
- January 31, 2025 January 31, 2025
- 16:16
Finance defers increase to capital gains inclusion rate to 2026
Deferral provides certainty to taxpayers, finance minister says
- By: Michelle Schriver
- January 31, 2025 January 31, 2025
- 12:53
CRA interest rate on overdue tax to hold steady in Q2
Prescribed rate for the second quarter to remain at 4%
- By: Michelle Schriver
- January 31, 2025 January 31, 2025
- 11:40
Federal government posts $22.7B deficit from April-to-November period
Over the same period last year, the government posted a $19.1B deficit
- By: The Canadian Press
- January 31, 2025 January 31, 2025
- 11:07
Government unlikely to reach fiscal objective: PBO
Government needs to find $50B by 2029-30 to increase odds of reducing debt-to-GDP ratio
- By: Jonathan Got
- January 30, 2025 January 30, 2025
- 15:18
Legal challenges to capital gains tax changes aim to restore certainty to taxpayers
CRA is “trying to have it both ways,” legal counsel says
- By: Michelle Schriver
- January 29, 2025 January 30, 2025
- 16:16
Viver to deliver group disability insurance online
Insurtech in B.C., Alberta and Ontario seeks licensing in 3 more provinces
- By: Jonathan Got
- January 29, 2025 January 29, 2025
- 13:38
Tech Roundup: Wealthtech raises US$20M Series B funding
And, ATB Financial adopts Google AI
- By: Jonathan Got
- January 29, 2025 January 29, 2025
- 11:55