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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

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Net income stable for CI in Q2

Redemptions were down in a quarter that saw CI acquire ownership stakes in two U.S. RIAs

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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
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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

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Queen’s business school offers new fintech degree

The one-year master's program is aimed at working professionals

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GWL sells subsidiary to Mackenzie, beats Q2 earnings expectations

The sale of GLC Asset Management is for $175 million in cash

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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

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Court decision creates uncertainty over beneficiary designations

Father’s RRIF found to belong to estate rather than son named on plan

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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
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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
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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

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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
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U.S. consumer spending rose 5.6% in June

Americans who have applied for unemployment has topped 1 million for 19 straight weeks

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GMP Capital reports Q2 loss

Richardson GMP reports $28.3 billion in AUA

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CI Financial adds to its U.S. wealth business

RIA with US$440 million in AUM acquired via CI subsidiary OCM Capital

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Canada Emergency Response Benefit could result in taxes owing

Tax experts offer CERB tips

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TD and RBC extend work from home policy for most staff until 2021

Scotiabank has also announced plans to keep workforce at home

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IA Financial’s profits rebound in Q2

Sales of individual insurance and guaranteed products were up

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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
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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

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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
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Returns for DB pension plans surged in Q2

Market gains were driven by feds' economic intervention, says RBC report

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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
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Sun Life becomes minority owner of Montreal-based telemedicine biz

Dialogue Technologies Inc. provides virtual healthcare