Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Some advice for borrowers and investors: Take a deep breath + MORE Dec 15th
WASHINGTON _ If you’re about to buy a home, shop for a car or borrow for college, the pros have some advice:
Go ahead.
The Federal Reserve’s decision Wednesday to slightly raise its key interest rate, advisers say, should have little effect on mortgages or auto and student loans. The Fed.... More »
How to Improve Your Credit Score – Maxing Out Your Credit Cards Edition Nov 11th
No one sets out to max out their credit cards. Sometimes, people get into this difficult situation because of an unexpected emergency such as losing their job or experiencing an illness. Many people have to rely heavily on credit cards during that time to cover their everyday expenses. For others, .... More »
What is a Credit Union? + MORE Sep 16th
For most Canadians, financial institutions come in two forms: a bricks-and-mortar bank, or the online version of the same thing. But for many, particularly in Quebec and western Canada, there’s an alternative option: credit unions.
Origin of the Credit Union
At the beginning of the 20th century, .... More »
Why Canada isn’t immune to a U.S.-style housing crash + MORE Jul 11th
Skeletons of abandoned housing developments in California in 2009
Investors should stay away from the Canadian housing market, warns a new report from Chicago-based investment firm Morningstar. A house price correction is “inevitable” within the next five years and could send house prices fallin.... More »
JPMorgan, Lululemon and more: The week in earnings Jan 18th
Company earnings for the week of Jan 14, 2025
JPMorgan
Lululemon
Cogeco
UnitedHealth
JPMorgan posts record annual profits as major U.S. banks thrive in the final quarter of 2024
JPMorgan’s net income soared 50% to more than $14 billion in the fourth quarter as the bank’s profit.... More »
Scotiabank posts $1.7 billion profit in first quarter, raising dividend
– canadianbusiness.com
TORONTO – Bank of Nova Scotia (TSX:BNS) had $1.709 billion of net income in the first quarter, up 6.5 per cent from a year earlier.
The profit amounted to $1.32 per common share, up from $1.24 per share a year earlier.
Scotiabank also says the dividend on its common shares will go up three per cent to 64 cents.
That’s a gain of two cents per share, starting April 28.
Scotiabank is the last of Canada’s big banks to report financial results for the three months ended Jan. 31.
All of the banks reported stronger profits compared with the last year’s first quarter.
The post Scotiabank posts $1.7 billion profit in first quarter, raising dividend appeared first on Canadian Business.
The profit amounted to $1.32 per common share, up from $1.24 per share a year earlier.
Scotiabank also says the dividend on its common shares will go up three per cent to 64 cents.
That’s a gain of two cents per share, starting April 28.
Scotiabank is the last of Canada’s big banks to report financial results for the three months ended Jan. 31.
All of the banks reported stronger profits compared with the last year’s first quarter.
The post Scotiabank posts $1.7 billion profit in first quarter, raising dividend appeared first on Canadian Business.
Banks show restraint on mortgage rates one year after Flaherty's warning
– theglobeandmail.com
After last year’s mortgage rate cuts raised the ire of the Finance Minister, lenders are avoiding the usual spring contest to attract borrowers
