Industry News

Industry

PBO pegs cost of rent aid for landlords, businesses at $520 million

The unprecedented nature of the program makes it hard to estimate the cost

By The Canadian Press |May 27, 2020

1 min read

Industry

Profit plunges for RBC in Q2

The bank’s loan loss provisions grew by $2.4 billion in the quarter

By The Canadian Press |May 27, 2020

2 min read

Industry

BMO’s Q2 profits slump as loan loss provisions top $1 billion

The bank still reported a profit of $1.00 per share for the quarter

By The Canadian Press |May 27, 2020

2 min read

Industry

Net income down 33% for National Bank in Q2

Despite the plunge, the bank beat analysts’ expectations

By The Canadian Press |May 26, 2020

1 min read

Industry

HSBC launches AI-based index

New U.S. equity index uses "big data" in stock selection

By James Langton |May 26, 2020

1 min read

Industry

CI invests in fourth U.S. RIA

Asset manager also launches three private pools

By Staff |May 26, 2020

1 min read

Industry

Slate Asset Management to fund real estate companies hurt by pandemic

The $500-million fund will provide capital to struggling firms

By Mark Burgess |May 26, 2020

2 min read

Industry

Three tech firms to launch new tool for advisors

Envestnet, AdvisorStream and Apprise Labs have created a new data-driven app

By Staff |May 26, 2020

1 min read

Industry

CPPIB posts 3.1% return for year ended March 31

Net assets were $409.6 billion, up from $392 billion at the end of the previous fiscal year

By The Canadian Press |May 26, 2020

1 min read

Industry

BMO to discontinue DSC funds later this year

The firm will no longer offer the low-load DSC purchase option across its mutual fund lineup around Nov. 1

By Staff |May 25, 2020

1 min read

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