4 h. ago Loonie Rises Most Since May as Yields Jump on Strong Jobs Data

The Canadian dollar rose the most since May and yields on the nation’s debt jumped as surprisingly strong employment data triggered bets that the Bank of Canada will raise interest rates next year.

Other

6 h. ago Laurentian Bank bowing out of retail banking from stiff competition: CEO

The head of Laurentian Bank of Canada says the country’s retail banking industry had become too competitive for it to try and go it alone. The bank announced Tuesday it was splitting itself up with plans to effectively give its retail and small and medium business segments to National Bank, and sell its commercial operations […]

Other

6 h. ago Markets Bet Bank of Canada Hikes by Late 2026 After Jobs Surprise

Markets increasingly expect the Bank of Canada’s next move will be a rate hike next year, as the country’s unexpected labor market strength suggests further monetary easing may not be needed despite US tariffs.

Other

8 h. ago Fed’s preferred inflation gauge stayed elevated in September as spending weakened

WASHINGTON (AP) — The Federal Reserve’s preferred measure of inflation changed little in September, likely easing the way to a widely expected interest rate cut by the central bank next week. Prices rose 0.3% in September from August, the Commerce Department said Friday in a report that was delayed five weeks by the government shutdown. […]

Economics

48 h. ago Asian Stocks to Gain as Bets for Fed Rate Cut Rise: Markets Wrap

Asian stocks were set to drift higher Thursday after US shares climbed as more evidence of a slowing US jobs market supported the case for a December Federal Reserve interest rate cut.

Economics

60 h. ago Laurentian Bank failed to keep up with the times, analysts say

According to its 2022 annual report, it had one of the worst efficiency ratios — a measure of its ability to control overhead expenses — of any bank in Canada.

Other

3 d. ago What Laurentian Bank customers can expect amid sale to National Bank

Laurentian Bank’s retail customers are poised to move to National Bank, the latest in a wave of consolidation in the banking industry. In a split-sale agreement, National Bank will take over Laurentian’s retail loans and deposits as well as the small business segment while Fairstone Bank of Canada acquires the commercial operations. While the length […]

Society

3 d. ago Laurentian Bank announces split sale to Fairstone Bank and National Bank

MONTREAL —Laurentian Bank is being split up and sold, its commercial operations going to Fairstone Bank of Canada in a $1.9 billion deal while National Bank is buying the retail and small business segment for roughly book value. The deal is the culmination of years of struggles at the more than 175-year-old bank to turn […]

Society

3 d. ago Fairstone Bank to buy Laurentian Bank of Canada for $1.9 billion

National Bank to acquire Quebec bank's retail and small business portfolios

Economics

3 d. ago South Korea’s Inflation Holds Steady, Dimming Rate Cut Prospects

South Korea’s consumer inflation held steady in November, giving the central bank more reason to stay cautious about monetary easing as authorities remain wary that a persistent property market rally could kindle financial imbalances.

Economics

7 d. ago Economists raise red flags about third quarter GDP blowout and Bank of Canada estimate for growth

'Growth roared back far stronger than anyone expected, but dig deeper and the engine looks like it’s running on fumes'

Culture

7 d. ago Posthaste: These jobs numbers cry out for more Bank of Canada rate cuts, economist says

A survey of business payrolls suggests the employment market is in worse shape than many Canadians think

Other

8 d. ago BOE Official Plays Down Impact of Energy Bill Cut on Inflation

Bank of England rate-setter Megan Greene played down hopes that a cut to energy bills at Wednesday’s budget will help the central bank stamp out the threat from sticky inflation.

Economics

8 d. ago Bank of Canada in risk management mode with stagflation on the table, Poloz says

Central bank is more likely to do very little in terms of rate moves, according to former Bank of Canada governor

Other

9 d. ago Women, visible minorities gaining ground in venture capital, private equity: study

Diversity is increasing across Canada’s venture capital and private equity landscape, a new survey suggests. Research published Wednesday by the Business Development Bank of Canada found that 88 per cent of general partners (GPs) the organization surveyed had at least one woman on their investment committees last year. That was up from 63 per cent […]

Economics

9 d. ago Australia’s Hotter Inflation Sees Markets Price RBA Rate Hikes

Australia’s core inflation exceeded estimates in October, prompting traders and some economists to wager the Reserve Bank’s next move is more likely to be an interest-rate rise than a cut.

Economics

1 week ago S&P 500 Rises on Rate Cut Hopes, Alphabet Challenging Nvidia

US stocks gained as traders upped bets of an interest-rate cut and Alphabet Inc. threatened the dominance of Nvidia Corp. in the artificial intelligence sector.

Other

1 week ago The Bank of Canada’s forecast for third quarter growth is looking iffy, these economists warn

'If the recent pattern holds, the September estimate for growth will get erased, and Q3 GDP growth will come in around zero'

Culture

1 week ago RBC Denies Claims of ‘Boys Club’ Culture, Bias Against Women

Royal Bank of Canada denies claims that it fostered a “boys’ club” environment at its US capital-markets business, disputing allegations that the firm engaged in sex-based discrimination against female bankers and offered unequal pay and promotions to women.

Other

1 week ago Tech Lifts Stocks as Traders Await Key Fed Data: Markets Wrap

Technology stocks led gains in global equities as investors prepared for a week of key economic data amid rising expectations for a December US interest-rate cut.

Economics