Weak GDP Challenges Bank of Canada's Q1 Forecast
Despite stronger-than-expected December GDP growth, economists warn Canada's economy may fall short of Bank of Canada's 2026 projections, keeping rate cut discussions alive.
Category : Banking Finance
Epstein Files Expose Deutsche Bank's Family Office Secrets
Thousands of Deutsche Bank documents released in the Jeffrey Epstein investigation reveal private details of family offices managing fortunes for the world's wealthiest individuals, raising reputational concerns.
U.S. Debt Reliance on Allies Grows Under Trump Policies
Analysis reveals U.S. allies purchased $463.9 billion in Treasuries in 2025 while non-allies sold $125.24 billion, highlighting vulnerability in $30 trillion market as Trump's unpredictable decisions rattle investors.
Royal Bank Calgary Branches Closed After Safety Incident
Multiple Royal Bank of Canada branches in Calgary were temporarily closed due to an undisclosed safety incident, with signs posted at locations like Northland indicating the shutdown on February 26, 2026.
Alberta Minister Horner to Discuss $9.4B Deficit in Calgary
Alberta Finance Minister Nate Horner is heading to Calgary to discuss the 2026 provincial budget, which projects a $9.4 billion deficit expected to persist for three years, amid rising property taxes and fiscal challenges.
Laurentian Bank Posts $20.5M Q1 Loss During Overhaul
Laurentian Bank of Canada has announced a first-quarter net loss of $20.5 million as it undergoes a significant strategic transformation. The Montreal-based institution is restructuring operations to improve efficiency and future profitability.
Court Upholds CRA Penalties for Late Foreign Holdings Filing
A British Columbia taxpayer's appeal for relief from CRA penalties for late filing of foreign property forms was denied by the Federal Court, highlighting the strict enforcement of T1135 requirements.
Analysts Raise Bank Targets After Strong Q1 Earnings
Financial analysts have increased price targets for Royal Bank, TD Bank, and CIBC following better-than-expected first-quarter results, citing resilient ROE and margin performance.
Big Six Banks Exceed Expectations, Hit $19B Q1 Profit
Canada's largest financial institutions reported a combined $19 billion in first-quarter profits, outperforming analyst predictions amid strong capital health and diversified business execution.
IMF Approves $8.1B Ukraine Loan with $1.5B Immediate
The International Monetary Fund has approved a substantial $8.1 billion loan package for Ukraine, with $1.5 billion to be disbursed immediately to support the nation's economy amid ongoing conflict.
Floating Rates Attract Borrowers Despite Economic Risks
Despite economic uncertainty and threats from U.S. trade, Canadian borrowers are increasingly opting for variable mortgage rates, which offer lower initial costs and prepayment penalties compared to fixed rates, according to mortgage strategist Robert McL
Top Money Managers Favor Emerging Markets, Citi Says
Citigroup analysis reveals global asset managers overseeing over $20 trillion are increasing long positions in emerging markets across Asia, Latin America, and EMEA, fueling a record rally.
U.S. Cuts Off Swiss Bank Over Iran, Russia Money Flows
The U.S. Treasury Department has moved to sever ties with a Swiss bank, alleging it facilitated illicit financial flows linked to Iran and Russia, marking a significant escalation in sanctions enforcement.
Court Rebukes OSC Over Forex Trading Case Costs
Ontario Superior Court awards $80,000 in legal costs to MyForexFunds, criticizing the securities commission's conduct in the investigation of the simulated trading platform.
TD Bank Beats Estimates on Strong Business Performance
Toronto-Dominion Bank exceeded analyst expectations with robust earnings in its U.S. and Canadian retail divisions, capital markets, and wealth management, reporting adjusted earnings per share of $2.44.
RBC Beats Q1 Estimates on Strong Retail and Wealth Profits
Royal Bank of Canada reported a 13% rise in net income to nearly $5.8 billion, driven by strong performance in wealth management, capital markets, and personal banking segments.
CIBC Q1 Profit Hits $3.10B, Up 43% from Previous Year
Canadian Imperial Bank of Commerce announced a first-quarter profit of $3.10 billion, a significant increase from $2.17 billion in the same period last year, driven by robust performance across key business segments.
RBC Profit Rises on Capital Markets, Personal Banking Strength
Royal Bank of Canada's latest earnings show a significant profit increase, fueled by robust performance in capital markets and personal banking divisions, highlighting its financial resilience.
TD Bank Profit Rises on Higher Interest Income
Toronto Dominion Bank reports a quarterly profit increase driven by elevated interest income, reflecting broader trends in the Canadian banking sector amid economic shifts.
CIBC Tops Estimates on Record Revenue Across Divisions
Canadian Imperial Bank of Commerce reported adjusted earnings of $2.76 per share, exceeding analyst forecasts, driven by strong performance in capital markets and solid margins.
Trump's Retirement Plan Already Law, Signed by Biden
President Trump's State of the Union proposal for a $1,000 retirement match for lower-income workers is already law, enacted in 2022 under Biden, sparking political debate over credit and implementation.
Gold Rises on Tariff Risks and Middle East Friction
Gold and silver prices climbed as traders reacted to U.S. tariff uncertainties and Middle East tensions, with bullion recovering from recent losses amid broader economic concerns.
Caisse de dépôt's 2025 Return of 9.3% Misses Benchmark
The Caisse de dépôt et placement du Québec generated a 9.3% return in 2025, falling short of its benchmark index. President Charles Emond highlighted the fund's performance amid challenging market conditions.
Quebec's Caisse Posts 9.3% Return in 2025 Despite Challenges
The Caisse de dépôt et placement du Quebec reported a 9.3% return for 2025, with net assets reaching $517 billion, driven by strong equity markets and infrastructure investments despite geopolitical tensions.
Desjardins Expands Wealth and Capital Markets with $4B Capital
Quebec's Desjardins Group aims to expand across Canada, hiring staff and making deals in wealth management and capital markets, backed by over $4 billion in available capital.
UBS: Private Credit Defaults May Reach 15% in Worst Case
UBS strategists have revised their worst-case forecast for private credit defaults upward to 15%, citing fears of aggressive AI disruption in the corporate sector. The warning comes amid growing market anxiety.
National Bank Beats Estimates as CWB Acquisition Drives Growth
National Bank of Canada exceeded analyst expectations in its fiscal first quarter, reporting robust gains across personal, commercial, and capital markets segments, largely due to its acquisition of Canadian Western Bank.
National Bank Q1 Profit Hits $1.25B, Up from $997M
National Bank of Canada reports a substantial increase in first-quarter profits, reaching $1.25 billion compared to $997 million in the same period last year, reflecting strong financial performance.
BMO Reports $2.49B Q1 Profit, Up from $2.14B Last Year
The Bank of Montreal announced a substantial increase in its first-quarter profit, reaching $2.49 billion compared to $2.14 billion in the same period last year, reflecting strong financial performance.
Alberta Budget 2026: Fiscal Rules at Risk
With oil prices down and a balanced-budget requirement looming, Alberta's Smith government faces tough choices in Budget 2026. Will they cut spending growth or find creative ways to delay fiscal discipline?
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