Canada Financial News

How Canada’s top banks perform in the United States will play a key role in how investors view them in the coming year, say Fitch Ratings Inc. analysts, who expect the recent differences in valuations between the Big Six lenders to continue instead of the sector trading as a group.

Sam Altman, CEO of OpenAI, started pitching an audacious plan that he hoped would create the computing power his company needed to build more powerful artificial intelligence. In meetings with investors in the United Arab Emirates, computer chip makers in Asia and officials in Washington, he proposed that they unite on a multitrillion-dollar effort to erect new computer chip factories and data centers across the globe, including in the Middle East. Though some participants and regulators balked at parts of the plan, the talks have continued and expanded into Europe and Canada. OpenAI's blueprint for the world's technology future, which was described to The New York Times by nine people close to the company's discussions, would create countless data centers providing a global reservoir of computing power dedicated to building the next generation of AI.

Former Bank of Canada governor Stephen Poloz is examining a list of ideas to get the country’s pension funds to invest more in the domestic economy — including the creation of a pooled fund that would make dealmaking easier for some of them.

Canada’s banking regulator is easing the burden on homeowners trying to switch their lender when renewing their mortgage by dropping the need to reapply the stress test.

If you’re a business owner whose tax situation is somewhat complex, chances are you hire an accountant to prepare your personal and corporate tax returns.

TORONTO — The sale of Sleep Country Canada Holdings Inc. to Fairfax Financial Holdings Ltd. has received final court approval.

The corporate quest for profit via real estate holdings is exacerbating Canada’s rental affordability crisis, according to a report from Canadians for Tax Fairness.

The National Bank of Canada says it has received the Competition Bureau’s clearance to take over Canadian Western Bank, but the proposed deal still requires the approval of the Office of the Superintendent of Financial Institutions and the finance minister.

National Bank of Canada says it has cleared a key regulatory hurdle in its proposed acquisition of Canadian Western Bank.

Subscribe to enjoy similar stories. Alternative energy is exploding—literally. Lithium battery fires are breaking out on highways and in factories, home garages and storage rooms.

The population growth rate continues to grow at a decent pace despite showing signs of a slowdown in the latest quarter, according to Statistics Canada data released Wednesday.

After rejecting a call by Canada’s Competition Bureau to treat mortgage stress testing equally at renewal, regardless of whether a borrower stays with the same financial institution or switches to a new one, the country’s top banking regulator has had a change of heart.

53-year-old Nadine Ahn is married with children. So is circa 56-year-old Ken Mason. Nadine and Ken were good friends for a decade and both worked for Royal Bank of Canada. She became CFO and says she was even on track to become CEO. He was a VP of in the treasury team, dealing with capital and term funding. 

Easing home prices and drops in interest rates helped to reduce the income needed to buy a home in most major cities across Canada last month, a new Ratehub report shows.

Coca-Cola Co. is discontinuing its newest “permanent” flavor a little more than seven months after putting the product on the market

By Steve Ambler and Jeremy Kronick

The Bank of Canada likely can’t afford to continue its current pace of interest rate cuts and will have to pick up the pace at some point as soft economic data continues to come in, according to analysts at CIBC Capital Markets.

Soccer fans arriving in North America for the 2026 World Cup have been promised help with their cell phone coverage

An American quarry company says the Mexican government has carried out a de-facto expropriation of its properties on Mexico's Caribbean coast

The Bank of Canada doesn’t see a “compelling case” to move forward with plans for a central bank digital currency (CBDC) after years of study, governor Tiff Macklem said Tuesday.

The Conservatives have tabled a motion to try to declare non-confidence in Prime Minister Justin Trudeau’s government.