Category : Banking Finance


Neo Financial Gains AIMCo, Northleaf as Investors

Calgary-based fintech firm Neo Financial announces a significant equity investment from Alberta Investment Management Corporation and Northleaf Capital Partners, marking a key milestone for the Canadian financial technology sector.

TSX Surges 200+ Points, Gold Approaches US$5,000

Canada's main stock index, the S&P/TSX composite, experienced a significant rally, climbing more than 200 points. This surge coincides with gold prices nearing the US$5,000 per ounce threshold once again, highlighting a strong day for resource and financi

BMO Fined $4M for Overcharging on Discounted Plans

The Bank of Montreal has been penalized $4 million by a financial watchdog for systematically overcharging customers enrolled in discounted banking packages, highlighting ongoing consumer protection concerns.

Scotiabank Backs New Multinational Defence Bank

The Bank of Nova Scotia becomes the second major Canadian financial institution to support the new Defence, Security and Resilience Bank, signaling a shift in how Canadian banks view defence sector financing.

Vanguard Cuts Average Fee to 0.06% in Latest Round

Vanguard Group has reduced fees across 84 mutual fund and ETF share classes, lowering its average asset-weighted expense ratio to just 0.06% and saving investors approximately $600 million over two years.

Gold's Brutal Selloff: Buy or Bail?

Gold prices have experienced their most severe decline since the 1980s, with volatility now surpassing Bitcoin. Analysts debate whether this represents a buying opportunity or signals further losses ahead.

Gold, Silver Fall on CME Margin Hike

Precious metals gold and silver extended their declines after the CME Group raised margin requirements, prompting a wave of selling among investors and traders.

Carney, Macklem Congratulate Warsh on Fed Nomination

Former Bank of Canada governor Mark Carney and current governor Tiff Macklem have extended congratulations to Kevin Warsh following his nomination to lead the U.S. Federal Reserve, highlighting the importance of central bank independence.

Trump Nominates Kevin Warsh as Next Fed Chair

President Donald Trump has selected former Federal Reserve governor Kevin Warsh to lead the U.S. central bank, replacing Jerome Powell amid escalating political pressure on monetary policy independence.

TSX Plunges 800+ Points, U.S. Markets Also Lower

Canada's S&P/TSX composite index experienced a severe drop of more than 800 points, with U.S. markets also trading lower, signaling a significant downturn in North American financial markets.

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