December inflation rises to 2.4%, divides economists on rates
Canada's inflation accelerated to 2.4% in December, but core measures cooled. Economists are split on whether the Bank of Canada should hold or cut interest rates. Read the full analysis.
Category : Banking Finance
Indonesian President nominates nephew for central bank job
Indonesian President Prabowo Subianto has put forward his nephew for a key role at the nation's central bank. Explore the details and implications of this significant political and economic move.
Supreme Court Hears Crucial Case on Federal Reserve Independence
The Supreme Court hears arguments in Trump v. Cook, a pivotal case threatening the Federal Reserve's independence. Explore the high-stakes battle over presidential power and monetary policy. Read more.
Trump's 10% Credit Card Cap Deadline Nears, Industry Unclear
With days left before Trump's Jan. 20 deadline for a 10% credit card interest cap, banks and consumers await details. Will the White House enforce its demand? Explore the potential $100B savings and industry pushback.
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Washers disguised as toonies in Kitchener bank fraud
Waterloo Regional Police investigate a bank fraud in Kitchener involving rolls of metal washers disguised as $2 coins. Authorities release images as part of the ongoing probe.
Credit card fraud hits Rockwood and Guelph-Eramosa
Local police are investigating reports of credit card fraud in Rockwood and Guelph-Eramosa. Authorities urge residents to monitor statements and report suspicious activity immediately.
TD Bank Executive Patrick Niro Leaves Amid Restructuring
Patrick Niro, co-head of securitized products at TD Bank, has exited. His departure is part of a string of senior executive changes at the Canadian lender over the past year. Read more on the ongoing restructuring.
Lenders Block Ssense Founder Buyout, Seek Liquidation
A Bank of Montreal-led lender group is opposing the founders' bid to buy Ssense out of bankruptcy, arguing liquidation would recover more cash. The dispute puts 760 Quebec jobs at risk.
PNC Financial profit jumps on dealmaking, interest income
PNC Financial Services Group reports a significant profit surge for the latest quarter, driven by a rebound in investment banking fees and higher interest income. Get the full analysis.
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Counterfeit Cash Surge Reported in Timmins, Ontario
Timmins police report a significant increase in fake $50 and $100 bills circulating in the community over the last two months. Learn how to spot counterfeit money and protect yourself.
Trump: No Plan to Fire Powell, Will Nominate Replacement Soon
President Trump states he has no plans to remove Fed Chair Jerome Powell despite a Justice Department probe but intends to nominate a successor within weeks. Explore the implications for Fed independence.
Morgan Stanley profit jumps on investment banking surge
Morgan Stanley reports a significant 25% profit increase for Q4 2025, driven by a resurgence in investment banking fees and strong trading. Get the full financial breakdown and market analysis.
B.C. man banned over $215M securities fraud conspiracy
A British Columbia man has been permanently banned from financial markets by the BCSC for his involvement in a massive US$215 million securities fraud scheme. Learn the details of the case and its consequences.
B.C. regulator sanctions man in U.S. prison for fraud
The B.C. Securities Commission has imposed sanctions on a man currently incarcerated in the United States for conspiring to commit securities fraud. Learn the details of the case and its implications.
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Brampton men arrested in $500K bank fraud scheme
Three Brampton men face charges in a sophisticated, cross-country bank fraud operation allegedly netting $500,000. Peel Regional Police detail the investigation.
National Bank opens Dubai office for Canadian businesses
National Bank of Canada establishes a new office in Dubai to provide enhanced support and services for Canadian companies operating in the Middle East region. Learn about the strategic expansion.
Bank of America Profit Climbs as Trading Surges
Bank of America reports a significant profit increase for the final quarter of 2025, driven by a surge in trading activity amid market volatility. Get the full financial breakdown.
Wells Fargo profit beats, but shares fall on interest income
Wells Fargo reported stronger-than-expected Q4 profit, but its stock fell as net interest income missed forecasts. The mixed results highlight challenges for major banks.
Seniors' group calls out big banks for inaction on sales practices
CARP, Canada's largest seniors' advocacy group, accuses major banks of prioritizing profits over client security, citing a damning regulatory report on sales pressure. Read why change may require legislation.
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Saskatoon man charged in $250K business fraud case
A 72-year-old Saskatoon man faces multiple fraud and theft charges after allegedly defrauding local businesses of over $250,000 through payroll remittance schemes. Learn the details of the police investigation.
GOP Rejects Trump's 10% Credit Card Interest Rate Cap
Republicans in Congress push back on President Trump's proposal to cap credit card rates at 10%, citing market concerns. Details on the populist policy clash ahead of 2026.
Wall Street CEOs Warn Trump Over Fed, Credit Card Attacks
Top financial executives urge former President Trump to stop criticizing the Federal Reserve and credit card industry. Get the latest on this significant business development.
Scotiabank fires analysts, compliance staff in trading probe
Two brothers are suing Scotiabank after being fired for alleged personal-trading policy breaches. The internal probe also led to three compliance staff dismissals, highlighting heightened scrutiny on Canadian banks.
Bank CEOs Clash with Trump Over Fed Probe, Credit Card Rate Cap
Top Wall Street CEOs, including JPMorgan's Jamie Dimon, warn President Trump that his attacks on the Federal Reserve and proposed 10% credit card interest rate cap will damage the U.S. economy. Read the details.
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Central Bankers Defend Fed Chair Powell Post-Trump Threat
Top central bankers, including Canada's Tiff Macklem, publicly support Jerome Powell after a threat from former President Trump. Read the latest on this defense of institutional independence.
JPMorgan profit beats estimates despite Apple card hit
JPMorgan Chase reported stronger-than-expected Q4 2025 profits, driven by a trading boom, though results were weighed down by losses linked to its Apple Card partnership. Details inside.
London BIA loses $111K in online banking scam
The Hamilton Road BIA in London, Ontario, was devastated by a $111,000 online banking fraud. Details of the crime and its aftermath were discussed at city hall.
U.S. DOJ investigation of Fed Chair Powell sparks backlash
A U.S. Department of Justice investigation into Federal Reserve Chair Jerome Powell has ignited a fierce debate, drawing support for the Fed's independence from political interference. Bank of Canada Governor Tiff Macklem voices backing.
Macklem backs U.S. Fed's Powell amid criminal investigation
Bank of Canada Governor Tiff Macklem publicly supports U.S. Federal Reserve Chair Jerome Powell as he faces a Justice Department probe. Get the latest details on this significant central banking development.
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Canadians Expect 2026 to Be Financially Tough: MNP
A new MNP report finds Canadians are preparing for a difficult financial year in 2026. Discover the key concerns and what it means for household budgets across the country.
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