Latest news in Industry News

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Pot company must pay dealer, court finds

Scotia Capital sued Aphria over unpaid invoice for takeover defence work

Ontario Legislative Building at Queens Park in Toronto Ontario

Ontario survivors could now receive more if their spouses die without a will

Ontario raised preferential share to $350,000 as of Mar. 1

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CLHIA shoots down Covid-19 vaccine rumours

Group rebuts false claims on social media that vaccination will harm insurance coverage

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Richardson Wealth reports higher Q4 fee income

The firm's assets under administration totalled $30.3 billion at the end of last year

  • By: IE Staff
  • March 5, 2021 March 5, 2021
  • 11:56
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Fed chair: Higher inflation temporary, no rate hikes in sight

The wait-and-see message caused bond yields to jump

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Hedge fund managers discuss Covid-19 playbooks, interest rates

At a showcase this week, managers of award-winning funds shared secrets to early-pandemic success

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Wealthsimple sells U.S. biz to Betterment

All accounts will be transferred by June 2021

  • By: IE Staff
  • March 4, 2021 March 4, 2021
  • 14:29
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Tips for taxpayers with repaid CERB error on tax slips

Don't file without an amended slip, EY Canada suggests

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Bank ombuds adds consumer advocate to board

New director to push consumer-friendly innovation at ADR's complaint body

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Laurentian Bank beats profit expectations in Q1

Residential mortgage biz will be a high priority ahead, chief executive says

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Pandemic takes a bite out of TD CEO’s pay

Bharat Masrani earned a total of $10.5 million last year

  • By: IE Staff
  • March 2, 2021 March 2, 2021
  • 17:01
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Biden’s pick for SEC flags trading-app gimmicks for scrutiny

Gary Gensler says the regulator will study the use of “behavioural” technology in stock-trading apps

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CRA says “rare” error in some tax slips lists repaid CERB as taxable

The agency says it’s aware of some tax slips that wrongly list portions of repaid benefits as taxable income

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Vancouver home sales up 73% year over year, market shifts in favour of sellers

Low interest rates remain a key driver of home sales

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Fiera sells rights to manage US$1.9B emerging markets fund

The move comes as part of a strategic review of Fiera's U.S. operations

  • By: IE Staff
  • March 2, 2021 March 5, 2021
  • 12:04
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CFA Institute’s ESG product standards will build on current frameworks

The new standards will "weave together" ESG developments from around the world, says Brian Minns

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Canadian economy contracted 5.4% in 2020, worst year on record

Total economic activity in December was about 3% below the pre-pandemic level in February 2020

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Pensions seek clear strategies, lower costs through in-house management

A CIBC Mellon survey shows pension funds plan to manage more assets internally

stock market gains

Federal deficit reaches $248.2B three-quarters into fiscal 2020-21

That compares with a deficit of $11 billion over the same period a year earlier

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Earnings increased for CWB in Q1

The bank’s wealth management division saw a significant year-over-year increase in AUM

  • By: IE Staff
  • February 26, 2021 February 26, 2021
  • 11:38
announcement

CPP Investments CEO resigns after travelling for Covid-19 vaccine

John Graham has replaced Mark Machin following events that "unfolded very quickly"

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TD reports Q1 profit up from year ago

Despite beating expectations, the bank's stock fell about 2.5% in midday trading

CIBC HQ

Mortgage market, cash back credit cards boosted CIBC’s Q1 profit

The bank also reported record flows into its mutual fund sales business

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Earnings down for Empire Life in Q4

Declines in wealth management were partially offset by gains in individual insurance

  • By: IE Staff
  • February 25, 2021 February 25, 2021
  • 12:04
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Royal Bank reports Q1 profit up from year ago, beats expectations

Wealth management results were "very impressive," analyst says