Banking

Na’moks, a spokesman for the Wet’suwet’en hereditary chiefs, holds a press conference in Smithers, B.C., Tuesday, Jan.7, 2020, on the one-year anniversary of RCMP enforcement of an injunction granted to Coastal GasLink. THE CANADIAN PRESS/Amy Smart

Banks face rising shareholder pressure through climate resolutions as AGMs loom

Critics say banks’ climate action going too slow

 

Canadians are making their final Registered Retirement Savings Plan contributions, in advance of the deadline. (Black Press Media file)

QUIZ: How much do you know about money and savings?

In January and February, Canadians make their final savings contributions for the tax year.

 

Nature Conservancy Canada’s Boreal Wildlands project is seen in an undated handout photo. Banks know a growth market when they see it, and they’re increasingly seeing one in the buying, selling and generating of carbon offsets. THE CANADIAN PRESS/HO-Nature Conservancy Canada, Andrew Warren

Canadian banks readying for carbon offsets to go big, even as doubts remain

Global offsets market projected to grow from $1 billion to $50 billion by 2030

 

Bank towers are shown from Bay Street in Toronto’s financial district on Wednesday, June 16, 2010. Canada is banking on newcomers to help keep the economy humming along, while banks themselves are eying the hundreds of thousands of people coming to the country every year as a key source of client growth. THE CANADIAN PRESS/Adrien Veczan

Canadian banks look to newcomers as key source of client growth

Some banks forming partnerships with international ones to make transitioning to Canada easier

Bank towers are shown from Bay Street in Toronto’s financial district on Wednesday, June 16, 2010. Canada is banking on newcomers to help keep the economy humming along, while banks themselves are eying the hundreds of thousands of people coming to the country every year as a key source of client growth. THE CANADIAN PRESS/Adrien Veczan
Canadian banks will give some insight into where they see the economy going when they start to report this week, with analysts watching for trends in key indicators like loan growth, capital raising, and how much banks are putting aside in case loans go sour. The Bay Street Financial District is shown in Toronto on Friday, August 5, 2022. THE CANADIAN PRESS/Nathan Denette

Canadian banks to report earnings amid rising interest rate environment

Analysts predicting growth in some areas, drop in others

Canadian banks will give some insight into where they see the economy going when they start to report this week, with analysts watching for trends in key indicators like loan growth, capital raising, and how much banks are putting aside in case loans go sour. The Bay Street Financial District is shown in Toronto on Friday, August 5, 2022. THE CANADIAN PRESS/Nathan Denette
Bank towers are shown from Bay Street in Toronto’s financial district, on Wednesday, June 16, 2010. The long wait for shorter wait times on resolving bank complaints is almost over as part of a raft of updates to banking regulations set to come into force.THE CANADIAN PRESS/Adrien Veczan

New bank rules come into force this month but critics say they don’t go far enough

Rules include reducing liability on lost cards, requiring alerts when balances drop below $100

Bank towers are shown from Bay Street in Toronto’s financial district, on Wednesday, June 16, 2010. The long wait for shorter wait times on resolving bank complaints is almost over as part of a raft of updates to banking regulations set to come into force.THE CANADIAN PRESS/Adrien Veczan
The Bank of Canada building is seen on Wellington Street in Ottawa, on Tuesday, May 31, 2022. The Bank of Canada will outline what it sees as the key vulnerabilities and risks to Canada’s financial system later this morning. THE CANADIAN PRESS/Justin Tang

Bank of Canada says household debt and home prices key risks for financial system

Households have seen net worth increase of about $230,000 over the first two years of the pandemic

The Bank of Canada building is seen on Wellington Street in Ottawa, on Tuesday, May 31, 2022. The Bank of Canada will outline what it sees as the key vulnerabilities and risks to Canada’s financial system later this morning. THE CANADIAN PRESS/Justin Tang
The Bank of Canada in Ottawa on Wednesday, July 14, 2021. A new report from the Bank of Canada on climate transition risks show Canada’s financial institutions are potentially exposed to significant economic shocks from high-emitting sectors. THE CANADIAN PRESS/Sean Kilpatrick

BoC scenarios show financial sector exposed to potential climate transition shocks

The pilot study isn’t meant as a forecast but considers several climate policy scenarios

The Bank of Canada in Ottawa on Wednesday, July 14, 2021. A new report from the Bank of Canada on climate transition risks show Canada’s financial institutions are potentially exposed to significant economic shocks from high-emitting sectors. THE CANADIAN PRESS/Sean Kilpatrick
Governor of the Bank of Canada Tiff Macklem participates in a media availability at the Bank of Canada in Ottawa, on Wednesday, Dec. 15, 2021. THE CANADIAN PRESS/Justin Tang

Federal documents hint at sweeping economic impact from central bank ‘digital loonie’

Central bank met with federal officials over 2020 to gauge the implications of own cryptocurrency

Governor of the Bank of Canada Tiff Macklem participates in a media availability at the Bank of Canada in Ottawa, on Wednesday, Dec. 15, 2021. THE CANADIAN PRESS/Justin Tang
Greenpeace activists stage a demonstration outside a bank in Toronto, as they protest major Canadian bank’s investment in fossil fuels, on Tuesday, December 7, 2021. THE CANADIAN PRESS/Chris Young

Banks offer big climate commitments in 2021, but key details are yet to come

Pressure is mounting as Canadians live through the very real effects of climate change

Greenpeace activists stage a demonstration outside a bank in Toronto, as they protest major Canadian bank’s investment in fossil fuels, on Tuesday, December 7, 2021. THE CANADIAN PRESS/Chris Young
The Canadian flag blows in the wind in the heart of the financial district in Toronto on June 27, 2018. THE CANADIAN PRESS/Tijana Martin

Banking’s shift to cloud gathers steam as pandemic and fintechs spur faster adoption

Move had begun before pandemic but going virtual expedited it

The Canadian flag blows in the wind in the heart of the financial district in Toronto on June 27, 2018. THE CANADIAN PRESS/Tijana Martin
Office towers are photographed in Toronto’s financial district on Wednesday, June 27, 2018. THE CANADIAN PRESS/ Tijana Martin

Banking regulator planning for more frequent volatility ahead in financial sector

The regulator is working to better understand the risks and to increase disclosures

Office towers are photographed in Toronto’s financial district on Wednesday, June 27, 2018. THE CANADIAN PRESS/ Tijana Martin
The Bank of Canada in Ottawa on Wednesday, July 14, 2021. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada names new deputy governor, ‘temporarily’ expanding governing council

Sharon Kozicki will take on the role on Aug. 2 after serving eight years as an adviser

The Bank of Canada in Ottawa on Wednesday, July 14, 2021. THE CANADIAN PRESS/Sean Kilpatrick
A pedestrian walks past The Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada keeps key interest rate target on hold

Today’s announcement points to a recovery some time in the second half of 2022

A pedestrian walks past The Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Canada’s five big banks join anti-hate advertising boycott of Facebook

Canada’s five big banks join anti-hate advertising boycott of Facebook

The Bank of Canada is maintaining its key interest rate at 0.25 per cent, in a June 3, 2020 story. (Photo by THE CANADIAN PRESS)

Bank of Canada keeps key interest rate target on hold at 0.25%

Pandemic impact on economies may have peaked

The Bank of Canada is maintaining its key interest rate at 0.25 per cent, in a June 3, 2020 story. (Photo by THE CANADIAN PRESS)

CWB Financial reports Q2 profit down as provisions for credit losses soar

CWB Financial reports Q2 profit down as provisions for credit losses soar

Laurentian Bank Financial Group reports Q2 profit down, cuts quarterly dividend

Laurentian Bank Financial Group reports Q2 profit down, cuts quarterly dividend

Laurentian Bank Financial Group reports Q2 profit down, cuts quarterly dividend

Laurentian Bank Financial Group reports Q2 profit down, cuts quarterly dividend
Scotiabank reports second-quarter profit, in a May 26, 2020 story. (Photo by THE CANADIAN PRESS)
Scotiabank reports second-quarter profit, in a May 26, 2020 story. (Photo by THE CANADIAN PRESS)
Bank of Canada’s independence key to aiding post-COVID recovery, Wilkins says

Bank of Canada’s independence key to aiding post-COVID recovery, Wilkins says

Bank of Canada’s independence key to aiding post-COVID recovery, Wilkins says

Bank of Canada’s independence key to aiding post-COVID recovery, Wilkins says