Learn more about Canada’s top banks rates, rules and the latest news – read on!
Scotiabank, BMO paint optimistic pictures in face of declining profit for capital-markets arms + MORE Feb 27th
Both banks see year-over-year declines in January net income .... More »
TORONTO _ A new survey suggests Canadians still have a strong relationship with their grocer _ with only about a third of respondents saying their view of their favoured retailer has worsened following revelations of an alleged industry-wide bread price-fixing scandal. The annual online survey by Ar.... More »
TORONTO _ Canadians’ collective household debt has climbed to $1.8 trillion as an international financial group sounds an early warning that the country’s banking system is at risk from rising debt levels. Equifax Canada says consumers now owe $1.821 trillion including mortgages as of th.... More »
TORONTO _ Scotiabank’s chief executive says he disagrees with recent red flags raised over Canada’s high debt levels by an international body, and that he is “comfortable” with the lender’s risk profile. Brian Porter told a University of Toronto conference that he had a.... More »
Home Capital Group Inc. believes early results from this year suggest that mortgage business may be migrating to the alternative lender after the federal banking regulator introduced tougher rules for uninsured mortgages at the beginning of the year — even though it too is required to abide by the requirements.