Bloomberg Markets has named CIBC’s chief economist Avery Shenfeld as the top forecaster of the Canadian economy over the last two years. No other bank economist ranked among Bloomberg’s Top 3 forecasters of the Canadian economy for the two-year period ended on Sept. 30. “These awards illustrate the strength and depth our economics team and […]
HSBC will spend $700 million on a global programme to help vet its clients. The “know your customer” initiative is part of a 26-point plan agreed upon with U.S. regulators, reports ft.com. This news follows the $1.9 billion the bank agreed to pay to settle a money laundering case. The settlement is being called the […]
The nationwide cooling of Canada’s housing market may have sparked fears of a U.S.-style housing crash, but for the Bank of Canada it may be a good beginning.
Canadian banks had a decent fourth quarter for a few reasons.
Canada’s economic recovery is tenuous and its job market tough, but that’s no reason for Canadians to give up hope for their year-end bonuses.
Canadian banks are on an acquisition spree, having completed 118 purchases since 2008.
The 2012 Morningstar Canadian Investment Awards gala on Wednesday was a grand affair and while AdvisorToGo, one of the finalists in the Canadian Investment Marketing Award category, didn’t win, Advisor Group caught some of the reflected glow of CIBC Asset Management. AdvisorToGo, a CIBC initiative in cooperation with Advisor.ca, showcases expert opinions on issues ranging […]
Scotiabank was named the global bank of the year by The Banker magazine, a Financial Times publication.
Royal Bank of Canada has reported record net income of $7.5 billion for the year ended October 31, 2012, up $1.1 billion or 17% from the prior year.
The Lehman estate agreed on Monday to sell apartment complex company Archstone.