Latest news in Industry News

Federal Reserve Building is the headquarter of the Federal Reserve System and 12 Federal Reserve Banks, Washington DC, USA

Federal Reserve to help banks purchase muni bonds

The measure aims to keep credit flowing

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Insurance industry groups support FSRA’s cuts to guidance

The regulatory reduction will help advisors by removing outdated guidance, organizations say

Toronto skyline in financial district

CSA issues guidance as banks and insurers get court order to hold online AGMs

Webcasts and teleconferences will be used

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IIROC extends deadline for district council positions

Applications are now due in April

  • By: Staff
  • March 20, 2020 March 20, 2020
  • 11:11
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Prior to virus outbreak, retail sales rose in January

Car and gas sales contributed to the increase, StatsCan says

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S&P expects CI Financial’s leverage to increase

The rating agency lowered the asset manager's rating

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Phishing and other cyberattacks are on the rise: MFDA

The pandemic is proving to be a paradise for cybercriminals

The Bank of England.

Bank of England cuts main rate to lowest level ever

In addition to cutting the rate to 0.1%, the central bank said it was relaunching its monetary stimulus program

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Expert investors focus on the long term

Patience, not panic, undergirds their approaches

Financial graphs analysis

Profits rebound for Fiera in Q4

The asset manager was in the black after recording a net loss the previous quarter

Digital World

Fitch says Covid-19 is ‘crushing’ economic growth

The rating agency has slashed its global growth forecast for the year to 1.3%

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FP Canada adds 3 new members to its President’s List

The CFP exam candidates were recognized for top achievement

Federal Reserve Building

Federal Reserve provides liquidity for money market funds

The central bank relaunches its Money Market Mutual Fund Liquidity Facility

Sir Oliver Mowat statue at the Ontario Legislative Building in Toronto

Will DSC funds continue to be offered in Ontario?

Banks and manufacturers weigh in

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CSA eases filing requirements

The regulator has announced 45-day extensions for filings and comment periods

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CIBC’s Dodig sees 2019 compensation decline to $9 million

The bank's chief executive earned a total of $10 million in 2018

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Q4 profit down for Power Financial

Net earnings and AUM both increased for IGM Financial

court gavel regulatory

Former rep escapes jail sentence

An appeal court has ruled that the man’s conviction still stands, but jail time was unwarranted

New home

Home prices grew by double their usual rate in February

Covid-19 is expected to put a damper on sales in the coming months

Toronto skyline in financial district

Banks facing mounting pressures, Fitch says

The global effects of Covid-19 have intensified since Canadian banks released their latest quarterly results

Business and financial district in a city with pillars

Big banks take steps to support customers facing hardship

Banks will allow customers to defer mortgage payments for up to six months

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Foreign investors stocked up on Canadian bonds in January

Meanwhile, Canadian investors reduced their holdings of foreign securities, StatsCan reports

Wooden cubes tax with canadian dollar

Quebec gives residents an extension on filing taxes

The province has also pushed back the due date for instalment payments

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Banks again lower their prime lending rate

The proactive measure shaves off 50 basis points

Solution

OSC postpones in-person hearings, compliance reviews

The regulator is taking action to address the Covid-19 outbreak