4 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

5 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

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

Bank earns higher profits in wealth management and financial markets

Society

5 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

5 d. ago Jamie Sarkonak: Carney’s carbon credit plan would be the next Liberal boondoggle

Carbon offsets are hard to quantify and credit markets are notoriously open to fraud

Economics

8 d. ago Australian central bank cuts benchmark interest rate for the first time since October 2020

MELBOURNE, Australia (AP) — Australia’s central bank on Tuesday reduced its benchmark interest rate for the first time since October 2020 as the nation’s inflation cools. The Reserve Bank of Australia reduced the cash rate by a quarter percentage point from 4.35% to 4.1%. at its first board meeting for the year. The cut was […]

Other

9 d. ago Canadian who hid $420Gs from wife in Swiss bank dinged by tax court

Judge rules concealing funds from spouse wasn't grounds to hide foreign holdings from CRA

Economics