Canada Financial News

30.06 / 13:27

Blockchain UPS Digital Cooper SEC Strategy lawmakers National Canadian Lawmakers Call for National Blockchain Strategy

Canada appears ready to take a strong step toward blockchain adoption, with an influential group of lawmakers requesting that the government comes up with a national blockchain strategy.

30.06 / 13:27

FTX Fried Sam Scaramucci Accuses Sam Bankman-Fried of 'Hurting' Crypto Industry in the U.S

Disgraced FTX CEO Sam Bankman-Fried “really hurt the industry in the United States from a regulatory perspective,” according to the venture investor and former White House communications director Anthony Scaramucci.

30.06 / 13:07

UPS Canadian banks' bottom lines getting squeezed as pressures mount

John Aiken, head of Research at Barclays Canada, talks about Canadian banks’ latest earnings and how issues have started bubbling up to the surface amid economic pressures.

30.06 / 13:07

Booking Platform Lowe’s BMO plans to expand Air Miles loyalty rewards program as it closes $160M purchase

TORONTO — BMO Financial Group closed its acquisition of the Air Miles loyalty rewards program in Canada on June 1, saying it plans to expand the program with new ways to earn and redeem points.

30.06 / 13:07

COST Progressive Extreme dividend Laurentian Bank beats expectations, hikes dividend but profit slips

Laurentian Bank of Canada beat analyst expectations and hiked its dividend in the second quarter, though profit slipped as the bank set more funds aside for bad loans.

30.06 / 13:07

UPS Ripple Strategy Pool Patrick AIG Financial Why the shadow banking sector is keeping Canada's financial regulators up at night

Canada’s top banking regulator has sat down with senior managers at the country’s largest financial institutions to scrutinize their exposure to private lending and alternative credit strategies tied to the fast-growing shadow banking sector.

30.06 / 13:06

Brookfield Brookfield increased loan to Compass ahead of $5.5-billion buyout

A unit of Brookfield Asset Management Inc. raised the size of a credit facility to Compass Datacenters LLC shortly before Brookfield and other investors struck a deal to buy control of the Dallas-based company.

30.06 / 13:06

COST FIVE Southern Walmart Costco Opinion: Competition Bureau report puts grocery 'greedflation' to rest

By Karl Littler

30.06 / 13:06

Twitter Extreme Aware Asian Infrastructure Bank says it has 'nothing to hide' as Canada probes China's influence

The Asian Infrastructure Investment Bank said it welcomed an investigation by the Canadian government into allegations that the institution faces interference from the Chinese Communist Party.

30.06 / 13:05

UPS Twitter Citizens Fighting Exodus Canada's knee-jerk retreat from China bank shows divided world in wake of trade war

A single tweet alleging Communist Party interference was all it took for Canada to freeze ties with a China-led development bank this week. The question now is whether the United States and other allies will join Canada — and would Beijing even care?

30.06 / 13:05

UPS HSBC RBC CIBC RBC faces pressure to bolster capital after banking watchdog hikes buffer

Royal Bank of Canada is under new pressure to bolster its capital levels after the country’s financial regulator raised the minimum buffer for the largest banks.

30.06 / 13:05

UPS Citi Provident Citigroup HSBC HSBC to leave Canary Wharf for smaller office in London

HSBC Holdings PLC is planning to leave its Canary Wharf headquarters and downsize to a smaller office in the City of London, the latest sign of how a shift to flexible work is reshaping demand for offices.

30.06 / 13:05

COST UPS Waves Booking RBC Mortgage growth is slowing, but Canada's big banks aren't worried yet

Canada’s biggest banks are warning that mortgage growth is slowing and is expected to stay subdued for the rest of the year, as higher interest rates bite deeper into the economy.

30.06 / 13:05

UPS FIVE CEO Fallout Southern Shell co-CEO private credit Private credit refinancing shows concerns about sector overblown: Ninepoint co-CEO

Private credit funds have been under scrutiny in recent months as rising interest rates prompted some observers to worry that the handsome returns generated by lending to companies that can’t get traditional bank financing might not stand the test of time.

30.06 / 13:05

COST UPS Lowe's FIVE Posthaste: Insolvencies jump sharply as Canadians struggle with debt more than ever

A “sharp” increase in insolvencies in May suggests that households are struggling more than ever with debt.

30.06 / 13:05

Provident Citizens Canada halting activity at Asian Infrastructure Investment Bank

OTTAWA — Finance Minister Chrystia Freeland says Canada will halt all government-led activity at the Asian Infrastructure Investment Bank after a Canadian citizen tendered his resignation from the financial institution.

30.06 / 13:05

COST UPS Lowe's Action Nov OSFI hikes domestic stability buffer for Canada's big banks

The Office of the Superintendent of Financial Institutions has raised the additional capital buffer the country’s biggest banks must maintain by 50 basis points to 3.5 per cent, citing risks including high household and corporate debt levels, the rising cost of debt and increased global uncertainty around fiscal and monetary policy.

30.06 / 13:05

UPS Progressive Gap Ontario’s explosive population growth could come with an economic catch

Ontario’s surging population growth is being driven by an increase in non-permanent residents that might not last, putting the province’s economic growth on potentially shaky ground, according to a new report from Desjardins Economics.

30.06 / 13:05

Citi Target FIVE Career Pool Shell Immigration surge bypasses Quebec City, leaving firms struggling

In Quebec City, majestic stone fortifications have stood for hundreds of years, a monument to the days when French colonists erected them to keep out the enemy. Today, the city faces the opposite challenge — how to entice more outsiders to come in.

30.06 / 13:05

UPS IPO Provident MAIL BMO Capital Markets cuts about 100 jobs as deals dry up

Bank of Montreal’s capital markets unit is cutting about 100 positions, or 3.5 per cent of the division’s staff, in response to a weak environment for deals.

30.06 / 13:05

UPS Compilation expansion Canaccord cuts bonuses, plots expansion of employee equity plans as bid to go private fails

Canaccord Genuity Group Inc. cut bonuses due to a plunge in dealmaking activity and is exploring ways to boost employee stock ownership after a bid to go private failed.

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