Gold Recovers After Fed Signals Potential December Rate Cut
Gold prices trimmed losses after Federal Reserve signals potential interest rate cut. Swap traders now price 68% chance of December reduction as bond yields fall.
Category : Banking Finance
Fairfax's $4B Big Short on 2008 Financial Crisis
Discover how Prem Watsa's Fairfax Financial foresaw the 2008 crisis and turned a defensive bet into a $4 billion windfall through conviction and patience.
Brampton man charged in fake GIC investment scam
Peel Regional Police warn of emerging fake GIC investment scam after charging Brampton man John Marshall with fraud. Learn how to protect your investments.
OSFI changes capital rules to boost bank lending
Canada's banking regulator OSFI announces capital requirement changes to help banks increase lending to businesses and consumers. Learn how this affects the economy.
CRA claws back COVID benefits from deceased taxpayer
The CRA is demanding repayment of COVID benefits from a deceased taxpayer's estate, raising questions about policy fairness. Learn how RRSP values triggered this clawback and what it means for seniors.
Banking regulator proposes easing lending rules for banks
Canada's banking regulator OSFI proposes easing capital rules to free up $1 trillion in lending capacity while maintaining financial stability. New measures target SMEs and real estate.
Canada plans looser bank rules to boost business loans
Canada's banking regulator, OSFI, proposes easing capital requirements for business and real estate loans to stimulate investment. Public consultation open for 90 days.
Canada loosens bank rules to boost business loans
Canada's banking regulator proposes easing capital requirements for business and real estate loans to stimulate investment and economic growth. Learn about the 90-day consultation.
TD Bank sued for alleged racial bias in AML firings
Former TD Bank employees file class action alleging Chinese and Chinese American staff were disproportionately targeted in money laundering investigation. Read the full details.
Intesa Sanpaolo CEO Named European Banker of the Year
Carlo Messina, CEO of Intesa Sanpaolo, has been honoured as European Banker of the Year 2024. Discover how his leadership combines profitability with social impact.
Canada's affordability crisis linked to productivity
Bank of Canada deputy governor Nicolas Vincent says solving Canada's productivity problem is key to addressing affordability. Learn how productivity gains boost incomes without inflation.
First West Credit Union Closes $200M Note Offering
First West Credit Union successfully closed its $200 million senior deposit note offering, which was oversubscribed with $1.07 billion in orders. Learn how this demonstrates investor confidence in Canada's financial cooperative sector.
Scotiabank fined $34k for harassing debt calls
Scotiabank will pay nearly $34,000 after Consumer Protection B.C. found the bank harassed a client with over 100 collection calls. Learn your rights against debt collection harassment.
Scotiabank contacted debtor 100+ times: B.C. regulator
A British Columbia regulator resolves complaint after Scotiabank made over 100 contacts with a debtor. Learn about the resolution and banking regulations.
AI Holiday Scams Jump 300% in Canada
BMO warns AI is making holiday scams harder to detect. Learn how to protect yourself from fake websites, phishing emails, and digital pickpocketing this shopping season.
Credit Unions Ready to Challenge Canada's Big Banks
Canadian credit unions are positioning to compete with major banks following new federal budget measures. Michael Hatch discusses the changing financial landscape.
Scotiabank appoints Phil Thomas as new COO
Scotiabank announces major executive restructuring with Phil Thomas taking the COO role. Learn about the leadership changes at Canada's third-largest bank.
Scotiabank executive reshuffle follows Canadian layoffs
Bank of Nova Scotia announces major executive changes, moving chief risk officer Phil Thomas to chief strategy role weeks after initiating Canadian layoffs.
Fed's Lisa Cook Denies Mortgage Fraud Allegations
Federal Reserve Governor Lisa Cook's lawyers dispute mortgage fraud claims in letter to Attorney General. Trump seeks first-ever removal of Fed governor in 112-year history.
UBS Chair Discussed Moving Bank Headquarters to US
UBS chair Colm Kelleher held private talks with US Treasury about relocating bank headquarters from Switzerland over proposed $26B capital requirements.
Investors Challenge Carney's Rule of Law Claim in Canada
Prime Minister Mark Carney's assertion that Canada's rule of law attracts investors faces scrutiny as experts point to systemic risks and internal border challenges undermining confidence.
TD Bank Settles Human Rights Complaint in B.C.
TD Bank resolves human rights complaint filed by Muslim-Indigenous man denied service at Surrey branch. Settlement marks victory for religious accommodation rights in Canada.
Holiday Scam Threats Target Canadian Consumers
BMO's financial crimes head warns Canadians about emerging fraud threats during the holiday shopping season. Learn how to protect yourself from sophisticated scams.
Ex-Bank Manager Admits to $16M Fraud in Edmonton
Former Edmonton bank manager Nick Lysyk pleads guilty to over 60 fraud counts after stealing $16 million from BMO. Discover the full story behind this decades-old crime.
Is the U.S. Nickel Next After Penny Elimination?
As the U.S. penny phases out, economic pressures threaten the nickel's survival. Explore the future of American coinage and what it means for Canada.
Edmonton bank manager stole $16M in massive fraud
Nick Lysyk, a former Edmonton bank manager, embezzled $16 million from BMO over 20 years ago. Discover how he spent the stolen funds and the investigation that uncovered one of Canada's largest bank frauds.
Oracle CDS Jump 13.5% Amid AI Investment Concerns
Oracle's credit default swaps surge as investors hedge against $500B AI infrastructure spending. Debt could reach $290B by 2028 amid revenue uncertainty.
CPP Fund Grows $45.8B to $777.5B in Q2
The Canada Pension Plan Investment Board's fund grew to $777.5 billion, fueled by a 5.4% return. CEO John Graham highlights diversification's role in navigating global markets.
How Lenders Spotted Red Flags at First Brands
Discover how Apollo Global Management and Soros Fund Management avoided massive losses in the First Brands collapse by identifying critical warning signs that others missed.
Canaccord nears $75M US regulatory settlement
Canaccord Genuity Group Inc. is close to resolving U.S. compliance issues, setting aside US$75 million for penalties. Two senior compliance officers faced FINRA suspensions.
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