17 h. ago Canada Banks Keep Climate Pledges as Rival RBC Drops Targets

Royal Bank of Canada’s decision to drop its sustainable finance commitment has sparked speculation that other major Canadian players could quietly walk away from their own goals on climate-related lending, underwriting and advisory work.

Society

39 h. ago Carney’s top priority should be raising productivity, says David Dodge

But doing so won't be easy, says former Bank of Canada governor

Transport

4 d. ago Great expectations: FP Video looks at the federal election aftermath

Watch an economist, analyst and former Bank of Canada governor weigh in on what the future holds for Canada

Politics

7 d. ago How U.S. tariff uncertainty weighed on Bank of Canada’s latest rate move

The Bank of Canada is growing more cautious about interest rate policy as U.S. President Donald Trump's tariffs take effect on the economy, according to the latest report.

Economics

7 d. ago Bank of Canada considered cutting interest rate in April as Trump tariffs roiled markets

Summary of minutes shows some policymakers wanted more information on tariffs and their potential impact

Economics

7 d. ago Trump’s ‘Erratic’ Tariff Policy Prompted Bank of Canada Pause

Bank of Canada officials considered cutting interest rates at their April meeting before opting to wait for more information as they weighed the volatile changes in US President Donald Trump’s trade policy.

Economics

7 d. ago ‘Real drama now begins’ as economists predict zero growth ahead off a waning first quarter

Future interest rate decisions by the Bank of Canada will be no easy matter

Culture

7 d. ago RBC Drops Climate Finance Goals, Citing Changes to Competition Law

Just months after pulling out of the world’s biggest climate alliance for banks, Royal Bank of Canada is abandoning its sustainable finance commitments.

Society

8 d. ago RBC scraps sustainable finance commitment, holds back on disclosures

TORONTO — Canada’s largest bank said Tuesday that it has scrapped one of its flagship climate commitments and is holding back on publicizing other climate progress in part because of new rules around greenwashing. In its latest sustainability report, RBC said that it has dropped its target of facilitation $500 billion in sustainable financing after […]

Other

8 d. ago Experts say Canada is now on the brink of an economic recession

Canada is headed towards a recession this year, and now is the time for Canadians to prepare for a financial downturn, according to a Wells Fargo report.In its International Economic Outlook: April 2025 report, the company highlights its economic forecast, stating that economies exposed to tariffs are expected to underperform."In that sense, we now believe Canada’s economy will enter technical recession this year," states the report. It also predicts that the Bank of Canada will likely ease interest rates due to concerns about inflation.However, tariffs aren’t the only factor that will have a direct impact on Canada's economy — the indirect effects of sentiment and confidence are also expected to contribute to the recession.And an already weak loonie is also likely to get even weaker.Wells Fargo predicts that the Canadian dollar "will be a relative underperformer.” According to currency exchange company XE, as of April 29, th...

Other

8 d. ago Posthaste: Bank of Canada might go lighter on rate cuts with Liberals in power

What Mark Carney's government means to the economy and interest rates

Other

1 week ago ‘Grim’ retail sales underbelly points to Bank of Canada restarting rate cuts, economists say

First-quarter retail sales 'flatlined,' a big drop from the 5.6 per cent annualized gain during the previous fourth quarter

Culture

1 week ago David Rosenberg: Bank of Canada has made a big mistake by being so timid

Tiff Macklem and his crew needs to recognize that the country is in an economic war

Other

1 week ago National Bank’s CEO Rails Against Red Tape for Energy Projects

National Bank of Canada’s chief executive officer called for a “complete overhaul” of the country’s economic and industrial policies just days before Canadians are set to vote in the federal election.

Society

1 week ago Complacency is the biggest risk that Canada faces, not tariffs, says National Bank CEO

The CEOs of Canada’s biggest banks have emphasized the need to stick to the path of self-reliance in recent weeks

Society

1 week ago Canada IPO Bankers Hail ‘Revolutionary’ New Fundraising Rule

Investment bankers are applauding steps taken by Canada’s securities regulators to make it easier to do initial public offerings, and to raise money afterwards.

Other

1 week ago Varcoe: National Bank of Canada CEO calls for new energy projects, unity, as tariffs put 'pause' on economy

'We need to unlock regulation. We need to be more competitive on tax and we need to develop energy infrastructure across the country'

Society

2 w. ago Here's the salary you need to earn to afford a home in Toronto right now

It may be one of the worst times in years to try and sell a home in Toronto, but conversely, those in the market to buy a property may be able to land themselves somewhat of a deal (relative to the city's infamously ludicrous prices, that is).Prices are finally starting to erode in the face of a terribly stagnant market, most notably in the condo sector, where fewer units are changing hands than ever in the last three decades.According to the latest data from the Toronto Regional Real Estate Board (TRREB), the average price of the typical GTA condo fell 2.6 per cent from March 2024 to the month prior, while the average price of a home of any type is down a similar 2.5 per cent over the same period.Sales have dropped a staggering 23.1 per cent year-over-year, while active listings have shot up 88.8 per cent, giving buyers the advantage of choice and negotiating power.As such, along with a Bank of Canada mortgage rate cut in March, the annua...

Other

2 w. ago Frank and Oak closing all remaining stores, selling intellectual property

The company says the Frank and Oak brand will continue on, but the original corporate entity UGC Canada Holdings is expected to file for bankruptcy.

Economics

2 w. ago Review: Northern Light Theatre's Radiant Vermin features strong performances but doesn't always connect

Though finally free of mortgage debt, I still follow the antics of the Bank of Canada with morbid interest. High rates combined with the merciless upward push of housing prices can toss me back to younger days, when calculating what kind of wrinkled raisin I would be once my debt was paid off was a […]

Culture