Canada’s biggest banks are expected to report yet another strong quarter as the country’s housing market shows signs of stability and rising interest rates add to their bottom lines. Royal Bank of Canada is the first lender to report its fiscal third-quarter results on Wednesday, and most analysts are expecting “solid” growth across the industry, […]
Toronto-Dominion Bank will buy Saskatchewan-based Greystone Managed Investments Inc. for roughly $792-million in stock and cash, a transaction which the bank says makes its asset management division the biggest money manager in Canada. Acquiring the institutional money manager will add another $36 billion in Canadian assets under management and expertise in real estate, mortgages and […]
Technology continues to reshape the financial services landscape
A study by the Ontario Securities Commission suggests 5% of Ontarians own what the regulator calls “cryptoassets” such as Bitcoin or Ether and awareness is increasing, but knowledge is lacking. The online survey conducted in March also showed that 1.5% of respondents say they have participated in an initial coin offering, in which investors usually […]
The Bank of Canada’s senior deputy governor is calling for more diverse perspectives at the policy decision-making table to avoid falling into an “echo chamber” that reinforces the same viewpoint. Carolyn Wilkins said Friday that while such a move may not seem relevant for a central bank at first, diverse views are crucial as the […]
The bank also hiked its dividend as it reported a profit of $3 billion
The forecast for Canada’s biggest banks is bright thanks to U.S. tax reform and higher interest rates, but as they report first-quarter results this week, domestic mortgage demand and the North American Free Trade Agreement could cloud the long-term outlook, analysts say. Earnings estimates for the 2018 fiscal year are being revised upwards by some […]
Home Capital Group Inc. believes early results from this year suggest more mortgage business might migrate its way
New platform would use digital tokens to make trades in real time
It may seem early to start thinking about filing taxes, but this year’s return could be particularly time-consuming for Canadians who have flocked to bitcoin and other cryptocurrencies, especially those who don’t realize they owe the government money. No need to worry if you’ve purchased bitcoin but haven’t touched it since. But once that cryptocurrency […]