A comprehensive look at today's top financial stories in Canada, covering cautious first-time homebuyers despite incentives, AI-driven productivity gains in banking, and practical tax filing advice.
Canada Revenue Agency mistakenly issued a $5 million tax refund based on a falsified return, according to court records. The incident highlights potential vulnerabilities in tax processing systems.
A significant 47.1% of prime borrowers in Canada are selecting variable mortgage rates, despite rising oil prices and inflation risks, as experts highlight flexibility and lower prepayment penalties.
Canada Revenue Agency mistakenly issued a $5 million tax refund to a B.C. woman who claimed non-existent foreign income from 'The United Nations,' highlighting systemic issues with automated refund systems.
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
New research reveals prediction markets like Polymarket may outperform traditional Wall Street analysts in forecasting corporate earnings, with bettors showing remarkable accuracy.
Mark Mobius, the legendary investor who pioneered emerging markets investing through hands-on research and decades of global travel, has passed away at 89 in Singapore.
Major Canadian banks report significant productivity gains through AI implementation, with CIBC saving 1.2 million hours and TD reducing mortgage approvals to minutes.
The BusinessWISE Trust Pension Plan achieved a net annual return of 8.1% in 2025, showcasing robust performance in a challenging economic climate. This result highlights effective investment strategies and financial management.
Finance ministers from multiple nations are urging a complete ceasefire in the Iran war, citing severe economic damage. The call highlights growing international pressure to end the conflict.
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
The U.S. Securities and Exchange Commission has approved a plan to eliminate the $25,000 minimum equity requirement for pattern day traders, marking a significant shift in retail investing regulations.
A 61-year-old Canadian man is being held at a US detention facility known as 'Alligator Alcatraz' for owing $12,000 in back taxes, one of only two Canadians detained there since it opened.
Pamela Steer, CEO of Chartered Professional Accountants of Canada, has been elected as the new Chair of the Global Accounting Alliance, highlighting Canadian leadership in shaping global accounting standards and practices.
Former President Donald Trump has threatened to dismiss Federal Reserve Chairman Jerome Powell if he remains in office after his term expires next month, escalating tensions over central bank independence.
Bank of America reported higher-than-expected quarterly profits, driven by robust performance in trading and investment banking divisions, signaling resilience amid economic fluctuations.
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Private assets offer diversification, higher returns, and unique opportunities, but investors must consider liquidity and fees. Learn why pension plans invest heavily while retail investors often avoid them.
A new MNP report reveals 61% of Canadians feel financial whiplash due to persistent economic uncertainty, with many struggling to meet obligations and delaying major decisions.
An Austrian citizen has been apprehended by Italian authorities on charges of orchestrating a sophisticated tax evasion scheme totaling over €63 million, highlighting cross-border financial crime enforcement.
Canada's federal banking regulator highlights exposure to non-bank lenders and hedge funds as top risks, alongside real estate lending and liquidity concerns, in its annual outlook.
TD Securities and BMO Capital Markets will serve as liquidity providers for the new FTSE Canada Bank Credit Index Futures, designed to bring credit hedging back to Canadian markets from the U.S.
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
The S&P/TSX composite index surged more than 100 points, with U.S. stock markets also posting gains. This uptick reflects positive investor sentiment amid economic developments.
River launches banking services that offer 3.3% interest paid in bitcoin, challenging traditional banks that keep most interest for themselves. The company aims to help Americans combat inflation and build lasting wealth.
Citigroup reports a significant 42% increase in first-quarter profits, driven by heightened market volatility that boosted trading revenue, outperforming analyst expectations.
JPMorgan Chase exceeded Wall Street expectations with robust first-quarter earnings, driven by unprecedented trading revenue and a resurgence in investment banking activities.
Wells Fargo's quarterly interest income failed to meet analyst forecasts, leading to a decline in its stock price amid broader financial market scrutiny.
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
A proposal to impose a moral tax on Canadians leaving the country faces criticism as experts argue it fails to address the root causes of brain drain and capital flight.
The Canadian Imperial Bank of Commerce has successfully restored full functionality to its mobile app and online banking platforms following a reported service disruption that affected customers across the nation.
Recent adjustments to Lotto Max rules could significantly alter your chances of winning the jackpot. Learn how these changes affect probability and what it means for players.
A New Brunswick woman accidentally sent over $3,500 to the wrong recipient via e-transfer and is urging banks to implement stronger verification measures to prevent such costly mistakes.
Thousands of customers experienced disruptions with CIBC's digital banking platforms, as outage reports surged on Downdetector, highlighting significant service failures.
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
A new survey reveals nearly half of Buy Now, Pay Later users have paid late on loans in the past year, with usage increasing for essentials like groceries amid affordability concerns.
