RBC takeover of HSBC Canada approved by Competition Bureau
Nonetheless, the bureau found evidence of several instances when HSBC Canada’s lineup had influenced RBC’s offerings
- By: The Canadian Press
- September 1, 2023 September 1, 2023
- 10:06
Latest news in Industry News
CRA extends deadlines for taxpayers affected by wildfires
Relief of penalties and interest may also be available to affected people and businesses
- By: IE Staff
- September 1, 2023 September 1, 2023
- 09:56
CIBC profits down on higher loan loss provisions after revised economic outlook
Full-time employee equivalent count was down 1,709 from Q4 of 2022
- By: Ian Bickis, The Canadian Press
- August 31, 2023 August 31, 2023
- 15:11
National Bank Q3 profit edges higher, provision for credit losses also up
Revenues in wealth management increased 6% year over year
- By: Ian Bickis, The Canadian Press, IE Staff
- August 30, 2023 August 30, 2023
- 13:14
U.S. economic growth for last quarter revised downward
Consumer spending showed a decent gain but was down from Q1
- By: Paul Wiseman, The Associated Press
- August 30, 2023 August 30, 2023
- 11:42
Conquest partners with CapIntel
Deal brings Conquest software to CapIntel platform
- By: IE Staff
- August 30, 2023 August 29, 2023
- 09:01
Scotiabank loan growth slows on cautious approach, deposit focus
The bank's wealth management profits declined from the previous quarter
- By: Ian Bickis, The Canadian Press
- August 29, 2023 August 29, 2023
- 14:10
BMO earnings hit by severance, legal costs as it focuses on containing expenses
Costs related to layoffs totalled $223 million, though the bank didn't disclose the number of employees let go
- By: Ian Bickis, The Canadian Press
- August 29, 2023 August 29, 2023
- 13:15
Survey reveals age divide in use of AI for finances
Many who remain skeptical may be using the technology already
- By: IE staff, with files from Canadian Press
- August 28, 2023 August 28, 2023
- 14:15
Five things to watch for in the Canadian business world this week
Bank earnings continue, with jobs and GDP data later in the week
- By: The Canadian Press
- August 28, 2023 August 28, 2023
- 10:27
Canadian banks face squeeze between climate expectations, market pressures
Activists say banks aren't delivering on efforts against climate change
- By: Ian Bickis, The Canadian Press
- August 28, 2023 August 28, 2023
- 10:20
RBC reports $3.9B profit, says ramping up job cuts ahead of economic slowdown
The warning about cuts follows the bank's trimming of 1% of full-time equivalent employees in Q3
- By: Ian Bickis, The Canadian Press
- August 24, 2023 August 24, 2023
- 15:33
TD Bank Group discloses U.S. regulatory inquiry into compliance practices
The bank also reported lower profits and rolled out an expanded share buyback program
- By: Ian Bickis, The Canadian Press
- August 24, 2023 August 24, 2023
- 14:54
Advocis addresses liquidity after poor 2022 results
The association extended its line of credit, got a loan and tapped into its $5.5-million reserve fund
- By: Michelle Schriver
- August 24, 2023 August 25, 2023
- 14:33
With U.S. economy still humming, are we facing higher-for-longer interest rates?
As central bankers gather at Jackson Hole conference this week, speeches will be scrutinized for hints
- By: Christopher Rugaber, The Associated Press
- August 23, 2023 August 23, 2023
- 14:03
Big Six branches continue to bar sales of non-proprietary product
As OSC review gathers dust, regulators continue to question the ethics of proprietary-only product shelves
- By: Katie Keir
- August 23, 2023 August 23, 2023
- 12:00
Home prices post second biggest monthly jump since 2006
Recent rises in home price index erased some of the earlier correction, Teranet–National Bank report said
- By: Rosa Saba, The Canadian Press
- August 18, 2023 August 18, 2023
- 13:57
China’s Evergrande says it is asking U.S. court to approve debt plan
The giant Chinese real estate developer rejected news reports about bankruptcy
- By: The Associated Press
- August 18, 2023 August 18, 2023
- 12:18
Solvency of Ontario DB pension plans edged up in Q2
Regulator urged administrators to assess and mitigate risks
- By: IE Staff
- August 17, 2023 August 17, 2023
- 17:19
Back-to-school means RESP withdrawal time
Experts highlight considerations such as portfolio risk level, limits on EAPs
- By: Craig Wong, The Canadian Press, The Canadian Press
- August 17, 2023 August 17, 2023
- 11:57
Fintech investment down in first half of 2023 as valuations tumble
Recession fears and inflation weigh on activity, a KPMG report says
- By: The Canadian Press
- August 17, 2023 August 17, 2023
- 11:25
Suspensions up for financial planners in 2022
The FP Canada Standards Council released its annual enforcement activity
- By: IE Staff
- August 16, 2023 August 16, 2023
- 16:55
U.K. inflation falls to 17-month low but unlikely to derail another interest rate rise
Annual rate falls to 6.8% largely driven by lower energy prices, according to Office for National Statistics
- By: Pan Pylas, The Associated Press
- August 16, 2023 August 16, 2023
- 13:29
Quebec fund manager CDPQ reports 4.2% return in first six months of 2023
Net assets totalled $424 billion on June 30
- By: The Canadian Press
- August 16, 2023 August 16, 2023
- 12:45
Ontario Teachers’ post 1.9% first-half return as asset mix shifts to bonds
With interest rates rising, the fund increased its fixed income holdings
- By: Mark Burgess
- August 15, 2023 August 15, 2023
- 12:15