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EQ Bank aims to become a household name + MORE Feb 20th
Canada’s seventh-largest bank is a lender the vast majority of Canadians have never heard of. It has no branches, credit cards, or wealth management offerings.
That could all soon change, says Chadwick Westlake, who became chief executive of EQ Bank last August and already announced a transform.... More »
BHP trying to acquire Anglo American, threatening Teck takeover - The Globe and Mail Nov 23rd
BHP trying to acquire Anglo American, threatening Teck takeover The Globe and MailBHP BHP Drops Anglo American Tie-Up Plan, Canva’s IPO plans: Australia Briefing Bloomberg.comMining giant BHP makes renewed takeover bid for rival Anglo American, source says CNBCBHP .... More »
Investment is flowing out of Canada and into U.S. after tax changes, RBC president says + MORE Apr 2nd
The head of one of Canada's largest banks is urging the federal government to stem the flow of investment capital from this country to the United States — because, he warns, it's already leaving in "real time.".... More »
The best credit cards in Canada for 2023 Oct 25th
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Taylor Swift Invests in Discounted Closed End Funds. Should You? May 18th
Taylor Swift is often called one of the savviest businesspeople in the music industry. And, in another demonstration of her money smarts, it was recently revealed that the 33-year-old pop superstar invests in a niche, elite investor-approved type of mutual fund.
Last weekend, Boaz Weinstein.... More »
The Financial Post’s Kristine Owram looks at some of the day’s top business and financial stories.
Scotiabank expands in Panama, Costa Rica, buys assets from Citigroup
– canadianbusiness.com
TORONTO – Scotiabank plans to buy Citigroup’s retail and commercial banking businesses in Panama and Costa Rica for an undisclosed price.
Scotiabank says the deal, which is subject to regulatory approval, is in line with its strategy of increasing scale in the region.
Among other things, the purchase would increase the bank’s market share in credit cards to about 18 per cent in Panama and 15 per cent in Costa Rica, ranking it No. 2 in both countries.
It would also nearly triple Scotiabank’s customer base in those two countries to 387,000 from 137,000.
Citibank’s operations in Costa Rica and Panama include 27 branches that serve more than 250,000 retail and commercial banking customers.
It would continue to operate in the two countries.
Scotiabank entered Panama in 1974 where it now has US$2.7 billion in assets, 16 branches and 22 ABMs serving about 27,000 customers. It entered Costa Rica in 1995 where it now has US$2.65 billion in assets, 35 branches and 153 ABMs serving 110,000 customers…
Scotiabank says the deal, which is subject to regulatory approval, is in line with its strategy of increasing scale in the region.
Among other things, the purchase would increase the bank’s market share in credit cards to about 18 per cent in Panama and 15 per cent in Costa Rica, ranking it No. 2 in both countries.
It would also nearly triple Scotiabank’s customer base in those two countries to 387,000 from 137,000.
Citibank’s operations in Costa Rica and Panama include 27 branches that serve more than 250,000 retail and commercial banking customers.
It would continue to operate in the two countries.
Scotiabank entered Panama in 1974 where it now has US$2.7 billion in assets, 16 branches and 22 ABMs serving about 27,000 customers. It entered Costa Rica in 1995 where it now has US$2.65 billion in assets, 35 branches and 153 ABMs serving 110,000 customers…
Some housing prices fall in Montreal, Calgary, Winnipeg
– moneysense.ca
TORONTO – Figures from Royal LePage suggest that Toronto had the hottest real estate market in the country during the second quarter, with double-digit increases in all types of housing.
The Vancouver market was also strong with double-digit price increases for two-storey homes and detached bungalows, although condo prices were up a more moderate six per cent.
But prices were down for some types of residential property in Montreal, Calgary and Winnipeg.
Royal LePage says other major markets across the country saw moderate increases or flat prices for most types of housing during the quarter, including in Halifax, Fredericton, Ottawa and Edmonton.
The national average price of a bungalow was up 7.5 per cent from last year at $438,938, the average price for two-storey detached houses rose 6.8 per cent to $471,002 and the average condo price was $268.583, up 3.9 per cent.
Canada’s top cities to buy real estate in »
The Vancouver market was also strong with double-digit price increases for two-storey homes and detached bungalows, although condo prices were up a more moderate six per cent.
But prices were down for some types of residential property in Montreal, Calgary and Winnipeg.
Royal LePage says other major markets across the country saw moderate increases or flat prices for most types of housing during the quarter, including in Halifax, Fredericton, Ottawa and Edmonton.
The national average price of a bungalow was up 7.5 per cent from last year at $438,938, the average price for two-storey detached houses rose 6.8 per cent to $471,002 and the average condo price was $268.583, up 3.9 per cent.
Canada’s top cities to buy real estate in »
Royal LePage released its quarterly report a day before the Bank of Canada’s latest interest rate announcement and an updated outlook for economic growth…
Interest rates and you
– moneysense.ca
As the Bank of Canada announces its latest move on interest rates Wednesday, Maclean’s hosts a panel of experts to make sense of the day’s news. Business editor Jason Kirby will moderate a live chat with MoneySense senior editor Romana King, who specializes in personal finance and real estate; Stephen Gordon, an economics professor at Laval University; and Mike Moffatt, an economics professor at the Ivey Business School. Gordon and Moffatt are both Econowatch bloggers at macleans.ca.
You can catch the live chat right here on Wednesday, July 15 at 11 a.m. ET. Please submit your questions in advance and our esteemed participants will answer as many questions as they can before time runs out.
You can catch the live chat right here on Wednesday, July 15 at 11 a.m. ET. Please submit your questions in advance and our esteemed participants will answer as many questions as they can before time runs out.
The post Interest rates and you appeared first on MoneySense.
Scotiabank to buy Citigroup assets in Panama and Costa Rica
– theglobeandmail.com
Bank of Nova Scotia is adding to its significant footprint in Latin America with a deal to buy Citigroup’s retail and commercial banking operations in Panama and Costa Rica, suggesting that Scotiabank is responding to relatively weak developing …
