IGM Financial’s Q2 earnings dip, but investment returns strong
The Winnipeg-based firm reported net earnings of $183.5 million, down from $185.1 million a year ago
Latest news in Industry News
Net income stable for CI in Q2
Redemptions were down in a quarter that saw CI acquire ownership stakes in two U.S. RIAs
- By: IE Staff, with files from Rudy Mezzetta
- August 6, 2020 August 6, 2020
- 12:27
Canaccord’s investment banking revenue surges in Q1 2021
The firm reported a 30% year-over-year increase in investment banking revenue
- By: IE Staff
- August 6, 2020 August 6, 2020
- 11:21
Manulife Financial’s net income halved due to pandemic
Net income was $727 million for the period ended June 30, down from $1.47 billion a year ago
- By: Canadian Press
- August 6, 2020 August 6, 2020
- 10:38
Queen’s business school offers new fintech degree
The one-year master's program is aimed at working professionals
- By: James Langton
- August 5, 2020 August 5, 2020
- 15:51
GWL sells subsidiary to Mackenzie, beats Q2 earnings expectations
The sale of GLC Asset Management is for $175 million in cash
- By: Canadian Press, Michelle Schriver
- August 5, 2020 August 5, 2020
- 14:42
Workers in finance and insurance continue to struggle with mental health
Morneau Shepell's mental health index score for July remains low
- By: IE Staff
- August 5, 2020 August 5, 2020
- 13:29
CI acquires majority stake in Aligned Capital
Firm has $10 billion in assets, over 200 advisors
- By: Rudy Mezzetta
- August 5, 2020 August 5, 2020
- 09:33
Court decision creates uncertainty over beneficiary designations
Father’s RRIF found to belong to estate rather than son named on plan
- By: Rudy Mezzetta
- August 4, 2020 August 4, 2020
- 15:30
Profit down 95% for HSBC Bank Canada in Q2
CEO says results are “not what we are accustomed to delivering”
- By: IE Staff
- August 4, 2020 August 4, 2020
- 11:29
CI Financial to acquire BDF
The U.S.-based firm has US$4.5 billion in AUM
- By: IE Staff
- August 4, 2020 August 4, 2020
- 10:25
Feds to create EI for gig workers, extend rent relief for biz
EI-like benefit scant on details but comes as the CERB program winds down
- By: Canadian Press
- July 31, 2020 July 31, 2020
- 12:45
Canadian angel investing set a 10-year record
In 2019, angel investors put up $163.9 million across 299 investments
- By: IE Staff
- July 31, 2020 July 31, 2020
- 12:37
U.S. consumer spending rose 5.6% in June
Americans who have applied for unemployment has topped 1 million for 19 straight weeks
- By: Martin Crutsinger, The Associated Press
- July 31, 2020 July 31, 2020
- 11:23
GMP Capital reports Q2 loss
Richardson GMP reports $28.3 billion in AUA
- By: Fiona Collie
- July 31, 2020 July 31, 2020
- 10:52
CI Financial adds to its U.S. wealth business
RIA with US$440 million in AUM acquired via CI subsidiary OCM Capital
- By: Rudy Mezzetta
- July 31, 2020 July 31, 2020
- 10:32
Canada Emergency Response Benefit could result in taxes owing
Tax experts offer CERB tips
- By: Christopher Reynolds, Canadian Press
- July 30, 2020 July 30, 2020
- 16:10
TD and RBC extend work from home policy for most staff until 2021
Scotiabank has also announced plans to keep workforce at home
- By: Canadian Press
- July 30, 2020 July 30, 2020
- 14:20
IA Financial’s profits rebound in Q2
Sales of individual insurance and guaranteed products were up
- By: Mark Burgess
- July 30, 2020 July 30, 2020
- 13:03
Empire Life posts mixed Q2 results
The insurer reported common shareholders' net income of $48 million in Q2
- By: IE Staff
- July 30, 2020 July 30, 2020
- 12:27
Most clients should wait to claim CPP payments: report
A report from the Canadian Institute of Actuaries looks at claiming CPP at age 70 vs age 65
- By: Michelle Schriver
- July 29, 2020 July 29, 2020
- 15:05
Agora partners with Pascal Financial
With the deal, Agora aims to strengthen its cloud-based wealth management platform
- By: IE Staff
- July 29, 2020 July 29, 2020
- 12:14
Returns for DB pension plans surged in Q2
Market gains were driven by feds' economic intervention, says RBC report
- By: Rudy Mezzetta
- July 29, 2020 July 29, 2020
- 11:53
Clients hope to maintain new communication methods post-pandemic, finds survey
Advisors may also want to consider leveraging social media
- By: IE Staff
- July 29, 2020 July 29, 2020
- 11:44
Sun Life becomes minority owner of Montreal-based telemedicine biz
Dialogue Technologies Inc. provides virtual healthcare
- By: IE staff, with files from Canadian Press
- July 29, 2020 July 29, 2020
- 11:13