B.C. Accountant Fined for Stealing $100K from Family Firm
A British Columbia accountant has been fined $100,000 by regulators for misappropriating funds from a family-owned business, highlighting professional misconduct in the financial sector.
Category : Banking Finance
Bank of Canada Relies on Judgment for Policy Amid Iran War Shock
The Bank of Canada emphasizes reliance on expert judgment to steer interest rates through economic uncertainties triggered by the Iran conflict, as officials highlight adaptive strategies.
Bank of Canada Debates Oil Shock Impact on Inflation
The Bank of Canada expressed concerns that soaring oil prices from the Iran war could push up inflation expectations during recent rate deliberations, though ultimately held rates steady.
OSC Alleges KPMG Audit Failures, Seeks $40M Penalties
The Ontario Securities Commission has filed allegations against KPMG for audit failures, seeking penalties up to $40 million. The case highlights regulatory scrutiny on accounting oversight.
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Goeasy Expects Bad Loans to Drop After Tough Q4
Goeasy Ltd. reported a net loss of $336.9 million in Q4 2025, down from a $54.2 million profit in 2024, but forecasts improvement in charge-offs for 2026.
Tax Court Sides with CRA on Disability Credit Denial
A taxpayer with multiple health conditions was denied the Disability Tax Credit by CRA, with the Tax Court ruling her impairments weren't severe enough to qualify for the valuable credit.
KPMG Faces OSC Allegations Over Failed Audits
The Ontario Securities Commission alleges KPMG misrepresented audit quality for Bridging Finance funds, failing to properly value loans and harming investors, with penalties up to $40 million sought.
Canadian Finance Minister to Visit China in Early April
Canada's Finance Minister Francois-Philippe Champagne is set to visit China from April 1 to 4, 2026, as announced by China's finance ministry, marking a key diplomatic and economic engagement.
Senior Almost Loses $1,600 in E-Transfer Error
An Ontario senior's $1,600 e-transfer went astray due to a simple input mistake, highlighting risks as Canadians send over a million daily. Experts urge vigilance.
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Ontario Budget Cuts Wrong Business Tax Rate: Analysis
The Ford government's 2026 budget reduces the small-business tax rate, but experts argue this widens the 'tax wall' that discourages growth. They recommend cutting the general rate instead to encourage expansion.
Puslinch Complaint Leads to Money Laundering Charge
A complaint from a Puslinch resident has resulted in a money laundering charge after police investigation. The case highlights community vigilance in financial crimes.
U.S. Customs: Tariff Refund System Progressing, Delays Up to 45 Days
The U.S. Customs and Border Protection agency confirms its tariff refund system is advancing, though businesses may face payment delays of up to 45 days due to processing complexities.
Judge Rejects CRA Motion in Tavares Tax Case
A federal judge has dismissed a procedural motion by the Canada Revenue Agency in its $8 million tax case against Toronto Maple Leafs star John Tavares, though the legal battle continues.
Bank Denies Liability After $343K Wrong Account Deposit
A Manitoba law firm is suing CIBC after alleging $343,000 was mistakenly deposited into the wrong account at its Winnipeg branch and subsequently withdrawn, with the bank denying any liability for the incident.
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How Loans and Spending Affect Your Credit Score
An in-depth analysis reveals how personal loans, credit card usage, and spending patterns influence credit scores, offering insights for financial management and credit health improvement.
Alberta Investment Management Corp. Earns 7.5% Return in 2025
Alberta Investment Management Corp. achieved a 7.5% total fund return for 2025, showcasing strong performance in a volatile economic climate. The results highlight strategic asset management and diversification efforts.
Buffett Warns of Banking Fragility as Market Fears Grow
Legendary investor Warren Buffett cautions about emerging fragility in the banking system, linked to non-bank players, urging the Fed to prioritize stability as credit market blowups rattle investors.
Barrie Police Uncover $1.5M Counterfeit Cash Operation
Barrie Police discovered a massive counterfeit currency scheme involving approximately $1.5 million in fake Canadian bills during a business transaction investigation.
JPMorgan Expands Small Business Lending, Hires Credit Officers
JPMorgan Chase announces a significant expansion of its U.S. small business lending program, including hiring additional credit officers to support increased loan activity and economic growth.
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Gas Prices Surge Above $1.80/L in Ottawa, Fuel Tax Relief Demanded
Fuel prices in Ottawa have jumped past $1.80 per litre, prompting demands for domestic tax relief as international pressures mount. The spike reflects broader economic trends affecting consumers nationwide.
Tax Policy Should Attract, Not Trap: OAS Reform Caution
Canada's tax system should focus on competitive policies that retain talent and capital, not arbitrary clawbacks. Experts warn against misguided approaches to Old Age Security reform.
OPP Warns Public About Fake Currency in Northern Ontario
Ontario Provincial Police warn residents to be vigilant after counterfeit $100 bills were used in Moosonee. Authorities provide tips to identify fake currency and prevent fraud.
E*Trade May Lead SpaceX IPO for Retail, Cutting Out Robinhood and SoFi
Morgan Stanley's E*Trade unit is reportedly in discussions with SpaceX to lead the sale of IPO shares to retail investors, potentially sidelining Robinhood and SoFi. The historic offering could allocate up to 30% to small investors.
Gold Stabilizes Near $4,500 Amid Middle East Conflict
Gold prices show resilience above $4,500 an ounce as dip-buyers emerge despite ongoing Middle East tensions and inflation concerns. Central bank activity remains a key market driver.
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Gold Holds Near $4,500 Amid Prolonged Middle East Conflict
Gold prices show resilience with a second day of gains as investors navigate uncertainty in the Middle East conflict. Central bank buying patterns and inflation concerns continue to influence the precious metal's trajectory.
Gold's Fall Could Worsen: $1,000 Further Drop Possible
Gold prices have plunged 16% since Middle East conflict began, with Capital Economics predicting another $1,000 drop to $3,500 by year-end as central bank purchases slow and speculative capital flees.
Bank of America Settles Epstein Lawsuit for $72.5M
Bank of America has agreed to pay $72.5 million to settle a lawsuit from Jeffrey Epstein's accusers, resolving allegations related to the bank's financial dealings with the convicted sex offender.
Momentum Investing: Following the Crowd in Canadian Markets
Canadian momentum portfolios using six-month and 12-month strategies have delivered strong returns over 26 years, though with higher volatility than the market index.
HSN 50/50 Winners Claim Over $500K in March Draws
Lise L. and Guy G. are among the fortunate winners who secured thousands of dollars in Health Sciences North's March 50/50 draws, with total prizes exceeding half a million dollars.
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Wealthsimple Profitable, Eyes Prediction Markets Amid Concerns
Wealthsimple marks its 10th anniversary by announcing profitability for the first time, with soaring revenue and assets. The platform is also advancing toward offering prediction markets, though experts warn of potential risks.
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