Sovereign Debt Picture Cloudier Heading Into 2026
Morningstar DBRS warns sovereign debt outlook worsening for 2026 due to geopolitical tensions and trade wars. Canada faces tariff risks from U.S. protectionist policies.
Category : Banking Finance
Canadian consumer debt reaches $2.6 trillion on mortgages
Canadian consumer debt surged to $2.6 trillion primarily due to increased mortgage borrowing. Learn how this impacts household finances and the broader economy.
Bank of Canada Q3 Growth Forecast at Risk
Economists warn Canada's Q3 GDP growth may fall short of Bank of Canada's 0.5% forecast, potentially stalling economic momentum amid trade uncertainties and weak data.
Alberta's Credit Delinquency Rate Highest in Canada
Alberta's economy leads Canada with 2.3% GDP growth, yet residents face highest credit delinquency rates at 2.31%. Discover the surprising economic paradox.
Biometric Fraud Drives New Bank Verification Models for 2026
A new Regula study reveals biometric verification is the most attacked point in digital ID processes, prompting a strategic shift towards orchestrated systems for Canadian financial institutions.
CRA tip line recovers $490M in unpaid taxes since 2018
The CRA's confidential tip line has identified nearly $490 million in unpaid federal taxes since 2018, targeting international tax evasion. Discover how the program works.
Barrie advisor misses hearing after fraud conviction
Barrie-area financial advisor Kevin Douse fails to appear at regulatory hearing following $1.8 million fraud conviction. Learn about the case details and consequences.
Ex-AIMCo CEO Evan Siddall joins BMO capital markets
Evan Siddall, ousted from AIMCo in 2024, has been appointed vice-chair of BMO's capital markets division following a reorganization. Learn about his Wall Street connections and career journey.
AI Debt Wave Threatens Credit Markets
Massive AI-driven debt sales from tech giants like Alphabet and Meta could overwhelm buyers and weaken credit markets globally. Learn about the risks.
SWB Financial Lists on NYSE in $8.1B SPAC Deal
Financial services firm SWB announces landmark $8.1 billion SPAC deal to list on New York Stock Exchange, marking one of 2025's major financial market developments.
Canada Post Reports $541M Loss in Third Quarter
Canada Post faces unprecedented $541 million loss before taxes in Q3 2025 amid declining mail volume and increased competition. Learn about the challenges facing Canada's postal service.
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.
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.
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