Manulife plans share buyback after shedding U.S. annuity risk
The insurer unlocked $2 billion in capital by offloading the bulk of its U.S. variable annuity book
- By: James Langton
- November 16, 2021 November 16, 2021
- 15:12
Latest news in Industry News
RBC partners with estate planning platform to offer online wills
The collaboration provides clients who need basic estate planning an affordable, online option
- By: Maddie Johnson
- November 16, 2021 November 16, 2021
- 12:31
Claude Paquin to head IGM Financial in Quebec
The firm has more than $35 billion in assets under administration in the province
- By: IE Staff
- November 16, 2021 November 16, 2021
- 11:31
Cboe to acquire NEO Exchange
The acquisition would give the Chicago-based exchange operator 16.5% market share in Canada
- By: Mark Burgess
- November 15, 2021 November 15, 2021
- 17:31
Great-West Lifeco raising quarterly dividend to shareholders by 12%
Fellow life insurers Manulife and Sun Life also announced dividend hikes this month
- By: IE staff, with files from Canadian Press
- November 15, 2021 November 15, 2021
- 11:08
Desjardins posts 11.9% surplus earnings growth
Profits in the wealth management and life and health insurance division were down from a year ago
- By: IE Staff
- November 12, 2021 November 12, 2021
- 16:14
CPPIB sees net assets grow 4% over Q2
CPP Investments says its net assets for the quarter ended Sept. 30 totalled $541.5 billion
- By: IE staff, with files from Canadian Press
- November 12, 2021 November 12, 2021
- 13:47
Guardian Capital reports net loss, asset growth in Q3
Assets under management grew 62% year over year
- By: IE Staff
- November 11, 2021 November 11, 2021
- 15:30
Fiera reports lower net earnings, slightly higher AUM in Q3
Assets under management were $180.8 billion at Sept. 30
- By: IE Staff
- November 11, 2021 November 11, 2021
- 12:55
CI reports record third-quarter results
The firm also announced its investment in alternative wealth platform GLAS Funds
- By: Rudy Mezzetta
- November 11, 2021 November 11, 2021
- 11:17
Brookfield Asset Management reports Q3 profit up from year ago
The alternative asset manager says earnings quadrupled, boosted by market performance
- By: The Canadian Press
- November 11, 2021 November 11, 2021
- 10:16
FSRA finalizes guidance for pension benefits after marriage breakdown
The Ontario regulator also provided a plain-language guide for plan members and spouses
- By: IE Staff
- November 10, 2021 November 10, 2021
- 12:36
CI Financial buys US$7.5-billion RIA in Chicago
Gofen and Glossberg, LLC offers customized investment, planning services to HNW clients
- By: Rudy Mezzetta
- November 10, 2021 November 10, 2021
- 11:38
Canaccord reports $61.79 million profit in Q2
The firm reported record M&A revenue
- By: IE Staff
- November 9, 2021 November 9, 2021
- 17:14
Gen Z focused on saving, budgeting in face of pandemic setbacks: survey
Despite concerns around debt and budgeting, most are feeling optimistic about their financial futures
- By: IE Staff
- November 9, 2021 November 9, 2021
- 13:53
Ontario proposes housing affordability task force
Both housing prices and the number of home sales have grown in the past year
- By: Allison Jones, The Canadian Press, The Canadian Press
- November 8, 2021 November 8, 2021
- 13:35
Sun Life Financial raising quarterly dividend after OSFI lifts restrictions
The company increased its quarterly payment to shareholders by 20%
- By: The Canadian Press
- November 8, 2021 November 8, 2021
- 11:32
Richardson Wealth reports Q3 loss, record AUA
Richardson Wealth's advisory teams had average AUA of $218 million in Q3
- By: IE Staff
- November 5, 2021 November 5, 2021
- 15:35
Manulife Financial raises quarterly dividend by 18% after ban on increases lifted
The firm also announced a plan to buy back up to 39 million shares
- By: The Canadian Press
- November 5, 2021 November 5, 2021
- 15:20
ISS proposes proxy voting policies for 2022
Changes for Canada would include voting policies around board diversity, say-on-pay
- By: James Langton
- November 5, 2021 November 5, 2021
- 15:19
Exchanges look to ramp up carbon funds markets
LSE and ICE both are planning efforts to expand emissions trading
- By: James Langton
- November 5, 2021 November 5, 2021
- 14:29
B.C. court grants injunction on incoming DTC advisor fee-cap rules
Feds' $100 cap on fees for helping clients apply for the DTC was set to become effective Nov. 15
- By: Rudy Mezzetta
- November 5, 2021 November 5, 2021
- 12:45
IGM Financial reports record earnings in Q3
The firm's wealth management segment reported record-high assets under advisement
- By: Maddie Johnson
- November 5, 2021 November 5, 2021
- 12:22
Supreme Court won’t allow appeals from funds seeking to use life insurance for unlimited deposits
Insurers welcome the dismissal
- By: IE Staff
- November 4, 2021 November 4, 2021
- 17:00
Ontario phasing out Covid-19 supports, introducing “staycation” tax credit
No tax cuts were in the fall economic statement
- By: IE staff, with files from Canadian Press
- November 4, 2021 November 4, 2021
- 15:40