Bank CEOs expecting muted economic growth, subdued spring housing market
The chief executives of Canada’s biggest banks say they expect muted economic growth, a slower spring housing market and have concerns about the country’s future
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Gatineau pot firm Hexo takes on $65M loan facility to finance expansions
Hexo is entering a $65-million credit loan facility with two major Canadian banks, giving the local pot producer extra green to finance its expansions at
Five Canadian business stories to watch this week
Wholesale trade Statistics Canada will release wholesale trade and manufacturing numbers for November on Tuesday. The federal agency said wholesale sales rose 1.0 per cent
Canadian banks look to in-house hackers to improve and test cybersecurity
Hackers are targeting Toronto-Dominion Bank’s internal systems at all hours using cutting-edge techniques, but the bank’s head of cybersecurity isn’t losing sleep over them –
BMO and CIBC’s Simplii warn fraudsters may have accessed clients’ data
Two of Canada’s biggest banks warned Monday that “fraudsters” may have accessed certain personal and financial information of up to 90,000 customers. The Bank of
CIBC’s net income up nearly 25%
CIBC reported better-than-expected results for its second quarter with a nearly 25 per cent increase in net income compared with a year ago. The lender
CIBC raises dividend following better-than-expected Q1
The Canadian Imperial Bank of Commerce set the tone for banks’ earnings season with a dividend hike and better-than-expected first-quarter net income, helped by a
Guy Laflamme signs off on Ottawa 2017, his swan song
For Guy Laflamme, executive director of Ottawa 2017, something is different now: It’s hard to see Ottawa as the sleepy town where fun goes to
Six Canadian banks manipulated an interest rate benchmark, U.S. lawsuit alleges
A class-action lawsuit filed in a U.S. court alleges six Canadian banks and three others conspired to increase the profitability of their derivatives trading business
Interest rate hike, new mortgage rules may trigger real estate market slowdown
Canada’s real estate market will hit a slow patch in 2018 as tighter mortgage stress tests apply pressure and the impact could be exacerbated if
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