BoE keeps main U.K. interest rate at 15-year high
The central bank warned that borrowing costs will likely stay elevated for some time
- By: Pan Pylas, The Associated Press, The Associated Press
- November 2, 2023 November 2, 2023
- 11:39
Latest news in Industry News
Fed leaves key short-term interest rate unchanged
Leaves the door open to further rate hikes if inflation pressures should accelerate in the months ahead
- By: Christopher Rugaber, The Associated Press
- November 1, 2023 November 1, 2023
- 14:36
Organizations team up on ESG definitions to fight greenwashing
The CFA Institute, GSIA and PRI hope their new resource will be adopted by industry and regulators
- By: Mark Burgess
- November 1, 2023 November 1, 2023
- 13:27
Closing arguments begin in trial of Sam Bankman-Fried
Prosecutor cites 'pyramid of deceit' in urging jury to convict FTX founder
- By: Larry Neumeister, The Associated Press
- November 1, 2023 November 1, 2023
- 13:04
Ontario scraps its portion of HST on purpose built rentals
New policy will apply to new rental housing units such as apartment buildings, student housing and senior residences
- By: The Canadian Press
- November 1, 2023 November 1, 2023
- 12:36
CRA announces CPP max pensionable earnings for 2024
For the first time, a second earnings ceiling will be used to determine additional contributions
- By: IE Staff
- November 1, 2023 November 1, 2023
- 11:12
CRA extends UHT return filing deadline until April
The second extension was announced on Tuesday afternoon
- By: Rudy Mezzetta
- October 31, 2023 March 29, 2024
- 15:54
Newfoundland and Labrador projects $154-million deficit
The province will borrow up to $700 million more this fiscal year than it had anticipated in March
- By: The Canadian Press
- October 31, 2023 October 31, 2023
- 15:06
JPMorgan CEO Jamie Dimon selling shares of the bank for first time
The bank sought to reassure investors that the stock sale is not a matter of concern
- October 27, 2023 October 27, 2023
- 14:43
Financial advice from AI may be educational but not holistic, experts say
Hybrid model may provide better client outcomes
- By: Ritika Dubey, The Canadian Press
- October 26, 2023 October 26, 2023
- 15:39
ECB halts rate hikes as war in Middle East casts shadow over economy
The central bank's pause on interest rate increases is the first in more than a year
- By: David Mchugh, The Associated Press
- October 26, 2023 October 26, 2023
- 15:17
Industry moves this week
Retirements sparked changes across some firms
- By: Katie Keir
- October 26, 2023 November 1, 2023
- 14:14
What’s new in fintech?
New partnerships and integrations are making financial advice more efficient and client-focused
- By: Maddie Johnson
- October 26, 2023 October 26, 2023
- 13:22
iA Private Wealth approved for dual registration
Approval came nine months after the firm filed its initial application
- By: Katie Keir
- October 26, 2023 October 26, 2023
- 12:56
Hong Kong cuts taxes for foreign home buyers, stock traders
Unveils plans to reduce stamp duty on stock transactions, saying a vibrant stock market is vital to upholding the city's status as a financial hub
- By: Kanis Leung, Associated Press
- October 25, 2023 October 25, 2023
- 12:27
CRA to charge 10% interest on tax owing
The prescribed rate is set to rise in Q1 2024
- By: Rudy Mezzetta
- October 25, 2023 October 25, 2023
- 10:02
Scotiabank says it will close eight branches across rural Newfoundland
Customers in affected communities requiring in-person banking services will have to go to other branches
- By: The Canadian Press
- October 24, 2023 October 24, 2023
- 17:01
Macklem warned premiers about dangers of putting BoC’s independence at risk
The exchange is the latest example of the heightened political scrutiny the BoC has faced post-pandemic
- By: Nojoud Al Mallees, Canadian Press
- October 24, 2023 October 24, 2023
- 14:20
Premiers ask federal government for Covid-19 small-business loan extension
Additional year for repayment is requested
- By: Dirk Meissner, The Canadian Press
- October 20, 2023 October 20, 2023
- 15:09
Poilievre calls on Ottawa to block RBC’s $13.5B takeover of HSBC Canada
The Conservative leader cited competition concerns
- By: Ian Bickis, The Canadian Press
- October 20, 2023 October 20, 2023
- 14:39
Paris-based private investment firm opens Montreal office
Ardian has US$9 billion in AUM in Canada
- By: IE Staff
- October 19, 2023 October 20, 2023
- 16:32
Desjardins lays off 400, but advisors unaffected
The announcement comes a day after Scotiabank said it was cutting 3% of its global workforce
- By: IE staff, with files from Canadian Press
- October 19, 2023 October 19, 2023
- 13:23
Canadians less satisfied with Big 5 banks: survey
Most respondents said the banks could do better at communicating about fees
- By: IE Staff
- October 19, 2023 October 19, 2023
- 12:51
Scotiabank cutting 3% of global workforce
Will cut about 2,700 staff and take $590M Q4 charge after tax
- By: The Canadian Press
- October 18, 2023 October 18, 2023
- 14:30
Board diversity improves, but journey not over: report
C-suite change is slow for women, Indigenous people and those with disabilities
- By: Maddie Johnson
- October 12, 2023 October 12, 2023
- 13:34