TD Bank to pay US$1.2 billion to settle Stanford Ponzi scheme lawsuit
The settlement comes as TD works its way through two major acquisitions in the U.S.
- By: Ian Bickis, The Canadian Press
- February 27, 2023 March 2, 2023
- 13:20
Latest news in Industry News
Management-led group proceeding with Canaccord takeover bid despite opposition
A special committee of independent directors is opposing the offer
- By: Mark Burgess
- February 27, 2023 March 13, 2023
- 12:28
Rate hikes work better on big debt? Not so fast
Shifts in the composition of debt may slow down the effects of tightening, paper says
- By: James Langton
- February 24, 2023 February 24, 2023
- 16:43
CI’s U.S. business ready for IPO, CEO says
MacAlpine declined to provide the share of the U.S. business it would spin off
- By: Rudy Mezzetta
- February 24, 2023 February 24, 2023
- 16:16
Fed’s rate hikes likely to cause a recession, research says
But Fed board member says current environment differs from past inflationary periods in four ways
- By: Christopher Rugaber, The Associated Press
- February 24, 2023 February 24, 2023
- 15:17
Ottawa posts $5.5 billion deficit for April to December
Rate hikes push federal debt charges to $25.8 billion for first nine months
- By: The Canadian Press
- February 24, 2023 February 24, 2023
- 11:55
CIBC’s first-quarter profit down from year ago
Canadian wealth management revenue dropped 4.6%, and AUM was down 3.9%
- By: IE staff, with files from Canadian Press
- February 24, 2023 February 24, 2023
- 10:12
Canada’s inflation rate is expected to fall significantly this year. Here’s why
Pace of increase should get closer to normal: Desjardins chief economist
- By: Nojoud Al Mallees, Canadian Press
- February 24, 2023 February 24, 2023
- 10:02
Regulatory action on big bank shelf cuts fizzles, for now
Ontario's Ministry of Finance says it is still assessing the OSC's report a year after it was submitted
- By: Katie Keir
- February 23, 2023 February 24, 2023
- 15:41
Keeping the cost of death down
Planning helps clients avoid overspending on funerals, burials
- By: Rosa Saba, The Canadian Press, IE Staff
- February 23, 2023 February 23, 2023
- 12:22
Budget 2023 could target wealthy Canadians, experts suggest
Feds expected to provide details about new minimum tax on high earners and share buyback tax
- By: Rudy Mezzetta
- February 23, 2023 March 28, 2023
- 12:03
Representation of women in leadership roles in jeopardy: Report
Women with intersecting identities still under-represented in senior corporate roles
- By: Maddie Johnson
- February 22, 2023 February 22, 2023
- 17:51
SPAC slapped by SEC
Regulator says shells face same compliance obligations as other public companies
- By: James Langton
- February 22, 2023 February 22, 2023
- 15:09
Fed minutes: Almost all officials backed quarter-point hike
All agreed ongoing rate increases “would be appropriate''
- By: Christopher Rugaber, The Associated Press
- February 22, 2023 February 22, 2023
- 14:20
Banks set to report as investors focus on interest rates, capital requirements
Household debt concerns put upward pressure on capital ratios
- By: Ian Bickis, The Canadian Press
- February 22, 2023 February 22, 2023
- 11:26
CIBC agrees to settle Cerberus lawsuit for US$770 million
CIBC says it recorded a pre-tax provision of $1.17 billion related to the settlement in its Q1 results
- By: The Canadian Press
- February 21, 2023 February 21, 2023
- 14:03
Fed’s Barkin: “Slow progress” on inflation, sees more hikes
Bank of America, Goldman Sachs predict U.S. will hike rate to 5.25% or 5.5%
- By: Christopher Rugaber, The Associated Press
- February 17, 2023 February 17, 2023
- 14:52
High gas prices may have curbed downward inflation trend in January: economists
TD, CIBC predicting 6.2% and 6.4% respectively for January Canadian inflation
- By: Nojoud Al Mallees, Canadian Press
- February 17, 2023 February 17, 2023
- 13:05
Liberal tax promise tracker, pre-budget update
Here's the status of tax promises and proposals that matter to your clients
- By: Melissa Shin
- February 17, 2023 February 23, 2023
- 12:34
Persistently high inflation makes businesses less competitive: BoC’s Beaudry
Economic “distortions” result when inflation remains above 2% target
- By: The Canadian Press
- February 17, 2023 February 17, 2023
- 10:03
Oppose Canada’s “xenophobic” foreign property tax, U.S. critics urge Biden admin
Canadian UHT “unnecessary burden,” offside USMCA: Congress member
- By: James McCarten, The Canadian Press
- February 16, 2023 February 16, 2023
- 14:52
Manulife net income slips in Q4 but up for 2022 as a whole
AUM dropped 5.9%, net outflows in retail wealth management were $1.6 billion year over year
- By: IE staff, with files from Canadian Press
- February 16, 2023 February 16, 2023
- 13:00
Macklem says economy still overheated and jobs market is too tight
BoC ready to raise rates further if inflation sticks around
- By: Nojoud Al Mallees, Canadian Press
- February 16, 2023 February 16, 2023
- 12:49
Cautious but steady consumers buoying hopes for U.S. economy
Wage demands could moderate with economy in “middling phase”
- By: Anne D’innocenzio and Christopher Rugaber, The Associated Press
- February 16, 2023 February 16, 2023
- 12:34
IA Financial Group aiming for dual-registered “one wealth” strategy
Wealth leader Stephan Bourbonnais wants the iA businesses to lead the way in the new self-regulatory regime
- By: Katie Keir
- February 15, 2023 February 15, 2023
- 13:48