Major Saskatchewan Credit Union Merger Finalized
Conexus Credit Union has officially merged with Cornerstone and Synergy Credit Unions, creating a significant new financial entity in Saskatchewan. Discover the details and implications.
Category : Banking Finance
N.B. man disputes CRA order to repay COVID benefits
A New Brunswick resident is challenging the Canada Revenue Agency's claim that he must repay thousands in pandemic support. Get the details on the dispute and what it means for benefit recipients.
Syria circulates new post-Assad currency bills
Syria begins circulating new currency notes, a significant step in its economic overhaul following the Assad era. Explore the implications and public reaction.
Surrey sues banks over $2.5M fraud by ex-employee
The City of Surrey is suing CIBC's Simplii Financial and Coast Capital Savings, alleging they failed to stop a $2.5 million fraud by a former employee. Get the full story on the legal battle.
Surrey lawsuit alleges fraud funds in CIBC, Coast Capital
The City of Surrey has launched a lawsuit alleging fraudulent funds were deposited into accounts at CIBC and Coast Capital Savings. Get the latest details on this developing financial case.
U.S. Dollar Starts 2026 Higher After Major 2025 Drop
The U.S. dollar begins 2026 with cautious gains following its most significant annual decline since 2018. Explore the factors behind the currency's volatile start to the new year.
Bulgaria adopts euro, 20 years after joining European Union
Bulgaria officially adopts the euro, becoming the 21st member of the Eurozone. This historic monetary transition occurs nearly two decades after the country joined the EU. Discover the details and implications.
CRA owed $10B+ in unpaid COVID benefits
The Canada Revenue Agency reports it is owed more than $10 billion in COVID-19 benefit overpayments. Learn about the agency's efforts to recover funds and what it means for Canadians.
Bulgaria Set to Join Eurozone as 21st Member in 2025
Bulgaria is poised to join the eurozone on January 1, 2025, deepening EU integration. Discover the implications of this historic economic shift.
Iran Names New Central Bank Chief After Currency Fall
Iran appoints a new central bank governor following a record currency devaluation and mass protests. Get the latest on the political and economic implications.
Massive German Bank Vault Heist Nets Tens of Millions
Thieves executed a major bank robbery in Germany, drilling into a vault and escaping with property worth tens of millions of euros. Get the latest details on the brazen heist.
German Bank Heist: $35M Stolen Over Christmas
Thieves drilled into a German bank vault over the holidays, stealing cash and valuables worth €30 million in a heist police compare to Ocean's Eleven. Read the details.
Judge Rejects White House Move to Defund CFPB
A federal judge ruled the CFPB's funding from the Federal Reserve must continue, blocking an attempt to starve the agency of money and potentially lay off its employees. Read the latest on this legal battle.
U.S. removes sanctions on former Sberbank exec
The United States has officially removed sanctions against Alexandra Buriko, a former top executive at Russia's state-owned Sberbank. This significant move in international finance occurred on December 30, 2025.
Germany to drop Usmanov probe for $11M fine
German authorities will end their investigation into Russian billionaire Alisher Usmanov upon payment of an $11 million fine. The deal concludes a major financial probe.
High Tax Rates and Complexity Fuel Canadian Tax Evasion
Tax expert Kim Moody argues excessive personal tax rates and burdensome compliance are key motivations for tax evasion in Canada. He calls for systemic reform to reward contribution.
TD Bank Stock Makes Huge Comeback After U.S. Troubles
Toronto-Dominion Bank's stock price surged nearly 70% in 2025, reaching an all-time high, as the bank moves past a $3.1B U.S. anti-money laundering fine. Read the full analysis.
FP Columnists' 2025 Views: July & August Analysis
A review of Financial Post columnists' perspectives from July & August 2025, covering Canada-U.S. trade tensions, productivity, government spending, and central bank accountability. Discover key economic insights.
Canadian Dollar Expected to Bounce Back in 2026
Following a disruptive 2025, the Canadian dollar is gaining momentum, with analysts predicting a rise to 75-76 cents USD. Optimistic data and shifting interest rate differentials fuel the recovery. Read the full forecast.
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.
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.
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