A Calgary man has pleaded guilty to money laundering charges, admitting he was 'reckless in his knowledge' while processing $800,000 through illicit financial transactions at the Calgary Courts Centre.
Payment processing giant Stripe is considering acquiring all or parts of PayPal, according to sources familiar with the matter. The potential move comes as PayPal faces challenges from competitors like Apple Pay and Google Pay.
Desjardins Group announces robust financial results for early 2026, with revenue and earnings increasing significantly and total assets surpassing the $510 billion mark, highlighting its strong market position.
The Canada Pension Plan Investment Board has promoted veteran David Colla to lead its global credit investments division, following strong returns in private debt strategies.
Durham Regional Police have arrested two individuals and are seeking a third suspect in an ongoing banking fraud investigation. Authorities warn the public about impersonation scams.
Nanaimo RCMP alerts residents to a sophisticated fraud scheme where scammers impersonate bank officials, resulting in a local victim losing $24,000. Authorities urge vigilance.
Waterloo Regional Police have filed 19 criminal charges following a major fraud investigation targeting credit unions in the Waterloo Region area, highlighting financial crime enforcement efforts.
Scotiabank reports its Mexican operations are unaffected by recent violence, with a strong Q1 profit of $2.3 billion. The bank emphasizes business continuity and safety measures.
JPMorgan CEO Jamie Dimon's warnings about credit market parallels to 2008 are well-founded as liquidity providers shrink and ETFs dominate corporate bond holdings, creating vulnerability to sudden selling pressure.
Currency strategists caution that traders are underpricing the risk of a negative outcome from the upcoming CUSMA review, which could send the Canadian dollar plummeting toward 70 cents against the U.S. dollar.
Calgary-based Neo Financial partners with United Airlines to introduce the United MileagePlus Neo World Elite Mastercard, offering travel benefits and rewards for Canadian residents launching in April 2026.
Jeyakumar Nadarajah, a former senior trader at TD Bank and Jefferies, has been barred from associating with regulated firms by Finra while awaiting trial for alleged U.S. Treasury bond market manipulation.
Scotiabank reported strong first-quarter results, exceeding analyst estimates with net income of nearly $2.3 billion and growth across all business segments, including wealth management and Canadian banking.
Scotiabank announced a first-quarter profit of $2.3 billion, a substantial increase from $993 million in the same period last year, reflecting strong financial performance.
Quebec residents concerned about potential separation can protect savings through international diversification, currency risk management, and avoiding concentration in Canadian assets. Experts advise balancing portfolios against political uncertainty.
Financial expert Kim Moody analyzes British Columbia's troubling budget, revealing sustained deficits, rising debt, and tax increases that highlight the province's fiscal challenges.
The Canadian Revenue Agency begins the 2026 tax-filing season today, emphasizing digital tools over paper returns and implementing key tax rate adjustments for individuals and farmers.
Exchange Income Corp., a Winnipeg-based aerospace and manufacturing firm, is set to launch its first bond sale, targeting $300-$500 million with a BBB (low) rating from Morningstar DBRS.
European Central Bank President Christine Lagarde stresses the need for policy flexibility amid economic uncertainties, while reaffirming her commitment to serve her full term.
The Ontario Municipal Employees Retirement System achieved a 6% return in 2025, with public equity gains offsetting private equity losses and currency impacts, increasing net assets to $145.2 billion.
The OMERS pension fund manager has announced a robust six per cent return for 2025, highlighting its effective investment strategies in a volatile economic climate.
OMERS, Ontario's municipal pension plan, achieved a 6% investment return in 2025, adding $8.2 billion to net assets and improving funded status to 99%.
Analysts project that capital markets activity will be the primary driver of first-quarter earnings for Canadian banks, as loan growth continues to lag behind expectations due to economic headwinds.
Bank of Montreal CEO Darryl White notes muted market response to U.S. Supreme Court striking down Trump's reciprocal tariffs, citing corporate adaptation to trade volatility.
Gold prices have entered a 'storybook stage' where narratives of global risk and uncertainty drive valuations far beyond traditional fundamentals, with investor demand surging worldwide.
Experts warn that procrastination is a major error during tax season. Learn key strategies to navigate the filing process efficiently and avoid penalties.
As Canada's major banks enter first-quarter earnings season, analysts predict solid performance driven by capital markets and wealth management, despite ongoing economic challenges.
JPMorgan Chase has publicly acknowledged that it terminated former President Donald Trump's accounts in the aftermath of the January 6, 2021, attack on the U.S. Capitol. The bank's decision reflects heightened corporate risk assessments following the insu
A recent Ontario court decision warns employers that bonuses paid to replacement employees during the notice period can be used to calculate higher damages for wrongfully dismissed executives, as seen in a $2.5 million award.
Winnipeg Access Credit Union is shutting down several of its branches across Manitoba, citing evolving customer preferences and digital banking trends as key factors in the decision.