Jonathan Got

2 days ago | investmentexecutive.com | Jonathan Got

However, the firm reported fourth-quarter net income, before taxes and excluding significant items, of $32.2 million — a decrease of 17.5% from the same period of 2024. For the fiscal year, pre-tax net income increased by 12% to $149.1 million. The company’s global wealth management operations earned $238.9 million in revenue for the fourth quarter, up 19.4% year-over-year. This was primarily driven by higher commissions and fee revenue from all geographical regions.

2 days ago | investmentexecutive.com | Jonathan Got

Jonathan Got The Canada Disability Benefit (CDB), which will start dispersing funds next month, will cost the federal government $6.5 billion over the next five years, according to a Parliamentary Budget Officer (PBO) report released Thursday. The CDB received $6.1 billion of funding over six years in the 2024 federal budget. It estimated that 600,000 Canadians would benefit from the program.

4 days ago | investmentexecutive.com | Jonathan Got

Those 55 and over less likely to be insured, have high out-of-pocket expenses By: Jonathan Got June 3, 2025 13:10 Jonathan Got Seven in 10 (71%) uninsured Canadians reported cutting back on care, and half (52%) of insured Canadians say they’ve delayed or missed appointments for financial reasons, according to survey results PolicyMe released Tuesday. While 78% of all Canadians have some form of dental and health coverage, the youngest and the oldest generations were the most likely to have no...

5 days ago | investmentexecutive.com | Jonathan Got

“These software providers are supporting financial planners in providing clients with sound recommendations and advice to achieve long-term financial well-being.” Damienne Lebrun-Reid, general counsel and head of the FP Canada’s standards council, said in a release. CIBC’s in-house AI goes bank-wideCIBC launched its in-house generative AI platform, CIBC AI, bank-wide on May 27, it announced.

1 week ago | investmentexecutive.com | Jonathan Got

Jonathan Got The Canadian Life and Health Insurance Association (CLHIA) is using artificial intelligence tools from Paris-based Shift Technologies to detect insurance fraud in group benefits plans, the association announced Monday. Benefit fraud is when a plan member or service provider intentionally submits false information to a carrier for a pure financial gain, Joanne Bradley, vice-president of anti-fraud at CLHIA said in an interview.