The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
Latest News
TD Bank says anti-money laundering steps coming along as it reports $4.25B Q2 profit - Yahoo! Finance Canada + MORE May 28th
TD Bank says anti-money laundering steps coming along as it reports $4.25B Q2 profit Yahoo! Finance CanadaTD Bank posts profit jump on strong interest income The Globe and MailTD Bank Lifts Dividend After Strong Quarter for Operations WSJTD’s Earnings Beat Caps Off.... More »
At the open: TSX falls as lower commodity prices weigh + MORE Mar 8th
Wall Street higher as banks rise on strong ADP data
.... More »
Als dominant in win over Ticats; move to 2-0 - CFL.ca + MORE Jun 24th
Als dominant in win over Ticats; move to 2-0 CFL.caAlouettes streamroll winless Tiger-Cats in home opener TSN'Everyone knows where I want to be': receiver Brandon Banks 'open' to return to Hamilton Tiger-Cats 3downnation.comHamilton face boos as Alouettes win Tiger-C.... More »
What the Home Capital crisis reveals about the housing market + MORE May 6th
In February 2016, Gerald Soloway announced he was stepping down as CEO of Home Capital Group, a mortgage provider he co-founded 30 years ago. Home Capital, based in Toronto, is an alternative or non-prime lender, issuing mortgages to people generally turned away by traditional banks, such as the se.... More »
Preview of Banks' Q3 2017 Earnings + MORE Aug 22nd
Scotia Capital, 21 August 2017
• Despite the favourable combination of strong operating performance (13% YoY EPS growth in 1H/17) and a resurgent domestic economy that underpinned the first rate hike from the BoC in seven years, Canadian bank stocks have run in place for much of 2017, with the TSX.... More »
Italian banks in focus as Europe shrugs off Brexit – for now
– canadianbusiness.com
MILAN – About a month on from Britain’s vote to leave the European Union, there’s little evidence that economic activity across the continent has been derailed yet.
That’s some reassurance for the 19-country eurozone as it faces a host of other problems, many of which relate to Italy, the bloc’s third-largest economy. The country has to shore up its banks — and will get some idea Friday of the scale of the problem when regulators publish the results of EU-wide bank stress tests.
Separate figures Friday will also show how the eurozone economy was faring in the run-up to the British vote. Analysts estimate that the quarterly growth rate halved to 0.3 per cent in the second quarter compared with the first for a variety of reasons, including the pick-up in the price of oil, concerns over a slowdown in China and uncertainty ahead of the British referendum on June 23.
No doubt the vote for so-called Brexit has proven a shock to many and a jolt to the European project of political integration…
That’s some reassurance for the 19-country eurozone as it faces a host of other problems, many of which relate to Italy, the bloc’s third-largest economy. The country has to shore up its banks — and will get some idea Friday of the scale of the problem when regulators publish the results of EU-wide bank stress tests.
Separate figures Friday will also show how the eurozone economy was faring in the run-up to the British vote. Analysts estimate that the quarterly growth rate halved to 0.3 per cent in the second quarter compared with the first for a variety of reasons, including the pick-up in the price of oil, concerns over a slowdown in China and uncertainty ahead of the British referendum on June 23.
No doubt the vote for so-called Brexit has proven a shock to many and a jolt to the European project of political integration…
Ersatz products leave scent maker’s nose out of joint
– theglobeandmail.com
Lotus Aroma banks on the purity of its essential oils and personal care products. How can it stand out in a crowded market against competitors masquerading as natural?
Canada’s banking regulator is requiring banks to conduct stress tests to determine how they would deal with a 50% downturn in Vancouver real estate prices and a 40% cut in Toronto home prices.
Some of Canada’s banks must stress test their ability to withstand a 50 per cent drop in housing prices in Metro Vancouver area and a 40 per cent drop in the Greater Toronto Area, the country’s banking regulator says.
