Malaysia's 1MDB Financial Scandal Explained
An in-depth look at Malaysia's 1MDB financial scandal, a multi-billion dollar corruption case that shook global markets. Discover the key facts and ongoing repercussions.
Category : Banking Finance
Tech Firms Shift $120B AI Data Centre Debt Off Books
Major tech companies have used complex SPV financing to shield $120 billion in AI data centre spending from their balance sheets, raising concerns about hidden financial risks for Wall Street investors. Read the full analysis.
Banks Race to Capitalize on Gold's Historic Price Surge
As gold and silver hit record highs, major banks and traders are aggressively expanding their precious metals operations, transforming a once-sleepy sector into a profit powerhouse. Discover the driving forces.
BoC Sees CUSMA Review as 'Significant Risk' to Outlook
Bank of Canada policymakers warn the upcoming CUSMA trade deal review poses a 'significant risk,' creating uncertainty for business investment and future interest rate moves. Read the full analysis.
Wealthsimple's 2026 Plan to Take on Big Six Banks
Wealthsimple CEO Michael Katchen details the fintech's pivotal 2025, its $10B valuation, and its aggressive roadmap for 2026 to compete with Canada's major banks, fueled by government pushes for more financial competition.
AI Debt Boom Pushes Corporate Bond Sales Near Record
U.S. investment-grade bond sales hit $1.7 trillion in 2025, nearing the 2020 record, driven by AI infrastructure borrowing. Investors hedge against a potential credit bust as issuance is expected to grow in 2026.
Major Central Banks Deliver Biggest Easing Push in Over a Decade
In a historic shift, the world's major central banks, including the Bank of Canada, executed their most significant synchronized monetary easing in over ten years during 2025, reshaping global economic policy.
90-Year-Old Banker Seeks New Tax Deal for Charitable Giving
Canadian investment banking legend Donald Johnson, 90, who helped eliminate capital gains tax on donated securities, is now advocating for further tax reforms to boost philanthropy under Mark Carney's Liberals. Discover his new mission.
Carney's Tax Gifts Fail to Offset Years of Liberal 'Coal'
Prime Minister Mark Carney delivered some tax relief in 2025, but expert Kim Moody argues it's not enough to offset years of complex and burdensome Liberal tax policies.
Regina family loses $5,000 to online banking fraud
A Regina family is out thousands after falling victim to online banking fraud. Banks warn holiday shoppers are more vulnerable to scams. Learn how to protect yourself.
Fintrac fines to increase dramatically, effectiveness unclear
Canada's financial watchdog, Fintrac, is set to impose significantly higher fines for money laundering violations starting in 2025. Experts question if bigger penalties will truly improve compliance and disrupt illicit finance.
Retail Council Warns of Highly Convincing Fake Bank Notes
The Retail Council of Canada issues a stark warning about sophisticated counterfeit bills, urging businesses and the public to exercise heightened vigilance. Learn how to spot fakes.
Visa, Mastercard settle ATM fee lawsuit for $167.5M
Visa and Mastercard agree to a $167.5 million settlement over claims they conspired to keep ATM access fees high. Get the details on the class action lawsuit.
Bank of Japan Hikes Interest Rate, Ends Negative Era
The Bank of Japan raises its key interest rate for the first time in years, ending its negative rate policy. Discover the global economic implications and market reactions.
BoC Rate Hold to 2026: Variable Mortgage Outlook
The Bank of Canada signals a prolonged rate hold, stabilizing variable mortgages until late 2026. Learn how to navigate this period and prepare for potential future hikes.
Claim Your Share of $70M TD Settlement Before Dec. 20
Canadians have until Dec. 20 to file a claim in the $70.25-million class-action settlement involving TD mutual funds and trailing commissions paid to discount brokers. Learn if you're eligible.
Bank of England Cuts Interest Rate to 3.75%
The Bank of England has lowered its key interest rate from 4% to 3.75%. Discover the details and potential global economic impacts of this December 2025 decision.
Major Central Banks Tilt Towards Hiking Mode as Inflation Rises
Global central banks, including the Bank of Canada, are pivoting towards interest rate hikes as inflation concerns intensify. Explore the implications for the economy and markets.
OSFI Holds Domestic Stability Buffer Steady at 3.5%
Canada's banking regulator keeps the domestic stability buffer unchanged, citing strong bank performance and a $60+ billion capital cushion. Explore the implications for lending and the economy.
Banking regulator holds domestic stability buffer at 3.5%
Canada's federal banking regulator maintains the domestic stability buffer at 3.5% for major banks, signaling stability. Read the details and implications for the financial sector.
Canada defends U.S. carve-out in global minimum tax deal
Finance Minister François-Philippe Champagne defends a G7 tax agreement granting a U.S. exemption. China and EU nations object as OECD races for a year-end deal. Read the latest.
Toronto Proposed as Home for Defence Security Bank
Experts argue Toronto is the natural choice to host the new Defence, Security and Resilience Bank, leveraging its financial hub status to bolster allied security. Discover why Canada's bid hinges on its largest city.
Toronto Bids for New International Defence Security Bank
Toronto, backed by Premier Doug Ford and Mayor Olivia Chow, officially launched its campaign on December 17, 2025, to become the headquarters for a new international Defence, Security and Resilience Bank. Learn about the city's strategic push.
BMO's Head of Global Credit Trading Steve Thom to Retire
Bank of Montreal's head of global credit trading, Steve Thom, is retiring. The veteran banker joined BMO five years ago after a long career at RBC. Learn about the changes in BMO's capital markets division.
LaSalle police warn of phone banking scam using Uber
LaSalle police warn of a phone scam where fraudsters pose as banks and send couriers. Learn how to protect your personal and financial information from this growing threat.
Financial Crime Auditors Visit Canada After Major Fine
Global financial crime auditors conducted a three-week review of Canadian banks and government agencies in November. This follows a record penalty for a major Canadian bank. Learn the details and implications.
Generational Shift in Canadian Banking Under PM Carney
Prime Minister Mark Carney's first year highlights a generational shift in Canadian banking and economic policy. Explore the contrasts and key federal-provincial deals shaping the nation's financial future.
Final U.S. Cents Auctioned for $16.76 Million
The final batch of U.S. pennies has sold for a staggering $16.76 million at auction, marking the end of an era for the iconic one-cent coin. Discover the story behind this historic sale.
Bank of Canada Calls for High-Quality Backing for Stablecoins
The Bank of Canada outlines new regulatory stance, insisting future Canadian stablecoins be fully backed by high-quality liquid assets to ensure stability and protect users.
Bank of Canada to Regulate Stablecoins as 'Good Money'
Bank of Canada Governor Tiff Macklem outlines plans to regulate stablecoins, aiming to make them as safe as bank deposits. New rules expected in 2025.
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