Banks report higher provisions for bad loans, focus on expenses as economy slows
CIBC, RBC, Scotiabank and TD have all cut staff this year
- By: Ian Bickis, The Canadian Press
- November 30, 2023 November 30, 2023
- 16:10
Latest news in Industry News
B.C. files application for Canada’s first unexplained wealth order
The notice of civil claim is the start of a series of similar applications, minister says
- By: The Canadian Press
- November 30, 2023 November 30, 2023
- 15:40
FP Canada announces latest QAFP exam results
The October sitting had 57 candidates
- By: IE Staff
- November 30, 2023 November 30, 2023
- 15:10
Royal Bank chief executive McKay defends HSBC deal as bank reports profits up
Deal is good for Canada, CEO says
- By: Ian Bickis, The Canadian Press, IE Staff
- November 30, 2023 November 30, 2023
- 13:12
TD Bank cuts jobs as quarterly results reflect gloomy economic picture
Some cuts have already been made, while remainder will happen next year
- By: Ian Bickis, The Canadian Press, IE Staff
- November 30, 2023 November 30, 2023
- 12:24
Canadians less interested in crypto assets, survey finds
Financial advisors less likely to recommend investing in crypto assets this year compared to last year
- By: Jonathan Got
- November 30, 2023 November 30, 2023
- 10:53
Lawyers exempted from mandatory disclosure regime until Charter challenge decided
New regime requires every advisor involved in a reportable or notifiable transaction to make their own disclosure to the CRA
- By: Michael McKiernan
- November 30, 2023 November 30, 2023
- 09:15
The 4% rule could be true in 2024
High bond yields and weak forecast for equities make conservative portfolios more attractive
- By: Jonathan Got
- November 29, 2023 November 29, 2023
- 14:31
Changes to dividend deduction could impact financial products: report
The Liberals are moving ahead with a measure for financial institutions proposed in the 2023 budget
- By: Mark Burgess
- November 28, 2023 November 28, 2023
- 14:24
Scotiabank profits weighed down by bad loan provisions, layoff charges
Employee numbers were down about 1,500 from the previous quarter, about halfway to the bank's 3% reduction target
- By: Ian Bickis, The Canadian Press
- November 28, 2023 November 28, 2023
- 13:59
A five-step process for building trust
Financial advisors must understand their clients' motivations before shaping their behaviour
- By: Jonathan Got
- November 27, 2023 November 27, 2023
- 12:10
CRA announces prescribed rate for Q1 2024
Agency confirms the interest rate Canadians must pay on overdue tax will rise to 10%
- By: Rudy Mezzetta
- November 24, 2023 April 10, 2025
- 14:55
Ottawa to introduce open banking legislation in 2024
Open banking could be a win for wealth managers
- By: Jonathan Got
- November 24, 2023 November 24, 2023
- 13:02
How to limit bias in investment decisions
Understanding a client’s motivations goes a long way to helping them achieve long-term goals
- By: Jonathan Got
- November 23, 2023 November 23, 2023
- 10:32
TFSA limit rises to $7,000 for 2024, officially
Inflation has increased available contribution room for the TFSA
- By: Rudy Mezzetta
- November 23, 2023 November 23, 2023
- 10:16
Feds propose underused housing tax relief
Changes would mean more owners of residential property are excluded from the UHT filing requirement, and reduced penalties for failing to file
- By: Rudy Mezzetta
- November 21, 2023 April 10, 2025
- 18:20
Five new affordability measures in the Liberal government’s fall fiscal update
The government plans to lift federal taxes on psychotherapy and counselling
- By: Laura Osman, The Canadian Press
- November 21, 2023 November 21, 2023
- 17:38
Freeland’s fiscal update pledges new guardrails to keep deficits in check
A slowing economy and high inflation mean the government has little room to operate
- By: Nojoud Al Mallees, Canadian Press
- November 21, 2023 November 21, 2023
- 17:28
Feds sweeten tax incentive for employee ownership trusts
The first $10 million in capital gains realized on the sale of a business would be exempted under proposed change
- By: Mark Burgess
- November 21, 2023 November 21, 2023
- 17:26
How dealers are managing advisor fees as costs rise
Firms are puzzling out how to balance significant overhead costs with advisor support
- By: Katie Keir
- November 21, 2023 November 21, 2023
- 10:10
Ottawa begins consultations for Canada Disability Benefit
Experts want a straightforward eligibility criteria and clarity on provincial clawbacks
- By: Jonathan Got
- November 20, 2023 November 20, 2023
- 15:46
High-yield bonds outperforming investment-grade this year: FTSE Russell
End of zero-rate era has “profound” implications for fixed-income strategy
- By: Jonathan Got
- November 17, 2023 November 17, 2023
- 15:09
Frustrated fintech leaders call for progress on open banking
Improving competition in Canada's concentrated banking sector is one of the aims
- By: Ian Bickis, The Canadian Press, IE Staff
- November 16, 2023 November 16, 2023
- 14:24
Manulife Investment Management buys alternative credit manager CQS
Deal will allow Manulife to expand its credit offering with new strategies
- By: IE Staff
- November 15, 2023 November 15, 2023
- 16:49
Wealth management division buoys Canaccord through another tough quarter
Inflation forcing some clients to withdraw assets to meet needs
- By: Mark Burgess
- November 15, 2023 November 15, 2023
- 12:07