2 h. ago Laurentian Bank reports slight Q1 profit increase as provisions dip

MONTREAL — Laurentian Bank of Canada reported a slight increase in profits in the first quarter as it works through reform efforts. The bank said Friday it had a first-quarter profit of $38.6 million, up from $37.3 million a year earlier. Laurentian’s profits were helped somewhat because its provisions for bad loans of $15.2 million […]

Other

4 h. ago Canada’s Big Six banks fail to override ‘sticky’ tariff fears despite decent first quarter results

Analysts fixate on whether financial giants have prepared enough to weather possible onslaught

Economics

55 h. ago National Bank Beats on Capital Markets, Credit Provisions Rise

National Bank of Canada beat estimates on strength in its capital-markets and wealth-management businesses even as it put more money aside for possibly bad loans than expected.

Economics

57 h. ago National Bank reports $997M Q1 profit, up from $922M a year earlier

MONTREAL — National Bank of Canada reported a first-quarter profit of $997 million, up from $922 million a year earlier, helped by strength in its wealth management and financial markets operations. The Montreal-based bank said Wednesday the profit amounted to $2.78 per diluted share for the quarter ended Jan. 31, up from $2.59 per diluted […]

Society

57 h. ago National Bank tops expectations as revenue rises across the board

Bank earns higher profits in wealth management and financial markets

Society

3 d. ago Canadian bankers say cautious clients keeping ‘their powder dry’ amid Trump tariff threats

BMO and Scotiabank see rise in caution and anxiety levels

Economics

3 d. ago Trump says U.S. tariffs on Canada will proceed and here's his full statement

U.S. President Donald Trump confirmed today that U.S. tariffs will be proceeding against Canada and they could start as early as next week. Trump responded to a reporter's question about tariffs during a joint press conference with French President Emmanuel Macron earlier today. The reporter had asked Trump if the tariffs would proceed or whether Mexico and Canada had "done enough on the border" to stop them from taking effect.🚨MAJOR BREAKINGDONALD TRUMP CONFIRMS THAT TARIFFS ON CANADA WILL "GO FORWARD. ON TIME"likely referring to the first week of MarchThis, after the Bank of Canada warned they had no tools to effectively deal with inflation AND a depression. pic.twitter.com/hMNAm5UEHr— Tablesalt 🇨🇦 (@Tablesalt13) February 24, 2025The announcement comes in the wake of the Bank of Canada warning that U.S. tariffs could have a "severe" impact on Canada's economy.Trump's full statement on U.S. tariffs on CanadaWe're on time with the tariffs, and it seems like that's moving...

Economics

3 d. ago Bank of Canada warns U.S. tariffs would have 'severe' impact

Tariffs could weaken the country's economy in the next two years, says Bank of Canada (BoC) governor Tiff Macklem.While speaking to members of the Mississauga Board of Trade and the Oakville Chamber of Commerce on Friday, Feb. 21, Macklem highlighted the uncertainties brought about by tariff threats and compared its potential impact to the pandemic."In the pandemic, we had a steep recession followed by a rapid recovery as the economy reopened. This time, if tariffs are long-lasting and broad-based, there won't be a bounce-back," he stated."We may eventually regain our current rate of growth, but the level of output would be permanently lower. It's more than a shock — it's a structural change."He stated that even the period of uncertainty is "already causing harm" and that a trade conflict would cost people their jobs and reduce exports and investments.The immediate impact of tariffs on CanadaMacklem pointed out that the threat of tariffs has brought about uncert...

Economics

4 d. ago Canada’s big banks to build reserves amid tariff uncertainty

The various banks have already been putting aside more funds to cover any souring loans due to continued high Canadian unemployment.

Economics

4 d. ago Canada Infrastructure Bank loans Australian EV charging company $194M

Jolt expected to install up to 1,500 new curbside locations

Economics

7 d. ago Bank of Canada’s Macklem Doubts Core Inflation Gauges, Pledges Review

Bank of Canada Governor Tiff Macklem says underlying price pressures may be cooler than indicated by the central bank’s two preferred measures of core inflation.

Economics

7 d. ago ‘A new crisis on the horizon’: Bank of Canada governor warns of devastating effects of trade war

'If tariffs are long-lasting and broad-based, there won't be a bounce-back... The level of output will be permanently lower,' Tiff Macklem said on Friday

Politics

7 d. ago Bank of Canada Sees Trade War Permanently Cutting Output by 2.5%

While Bank of Canada Governor Tiff Macklem insists there’s a limit to a monetary policy response to a tariff war, he has a clear view of the damage it could have on the Canadian economy.

Economics

7 d. ago Bank of Canada governor’s tariff warning: ‘There won’t be a bounceback’

Bank of Canada governor Tiff Macklem said the shock from U.S. tariffs would be very different from the economic downturn caused by the COVID-19 pandemic.

Politics

7 d. ago Central bank has limited tools to mitigate trade war: Tiff Macklem

MISSISSAUGA, ONT. — Bank of Canada governor Tiff Macklem says the central bank doesn’t have a lot of tools in its toolbox to mitigate the devastating effects tariffs would have on the economy. In prepared remarks for a speech Friday, Macklem said if the U.S. imposes its threatened tariffs and Canada retaliates, Canadian economic growth […]

Economics

7 d. ago Trade war would wipe out economic growth while pushing inflation higher: Tiff Macklem

MISSISSAUGA, ONT. — U.S. tariffs and Canada’s retaliation to them would have a devastating effect on the economy, pulling growth down while reigniting inflation, said Bank of Canada governor Tiff Macklem. “A new crisis is on the horizon. If U.S. tariffs play out as threatened, the economic impact would be severe.” But unlike the inflation […]

Economics

8 d. ago Economic decline due to tariffs weigh on Big 6 banks as they get set to report earnings

Trump’s proposed levies could compel Canada’s biggest banks to report higher provisions for credit losses

Economics

9 d. ago Canada Recruits Banks Into Fentanyl Fight as US Applies Pressure

The Canadian government has pulled the country’s banks into the fight against fentanyl, recruiting them to join a money-laundering intelligence group that aims to cut off the funds that support trafficking of the deadly drug.

Other

1 week ago Bank of Canada could skip March rate cut: Economists on the latest inflation numbers

Policymakers find themselves in an awkward position. some say

Economics