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What is productivity and why is it so low in Canada?

theglobeandmail.com The Bank of Canada warned March 26 that weak productivity and low business investment have become an emergency situation that makes it harder to control inflation and that…

TD Bank CEO takes pay cut over anti-money-laundering probe

financialpost.com Toronto-Dominion Bank chief executive Bharat Masrani took a pay cut last year over the lender’s scuttled acquisition of First Horizon Corp. and the United States probe it…

BMO, CIBC and Scotiabank chief executives missed bonus targets in rocky 2023

financialpost.com The top executives at three of Canada’s biggest banks took home less than their target pay last year, according to new filings. We apologize, but this video has failed to…

Quebec plots borrowing spree as weak growth grips economy

financialpost.com Quebec, Canada’s second-largest province, expects to have higher budget deficits for years to come as the economy slows and wages rise for public sector employees. We…

FP Dealmakers: More people 'just walking away' from transactions as M&A flow slows in first half

financialpost.com Tom Redekopp, managing director of the business law group at Dentons in Toronto, knew there was a seismic shift underway in mergers and acquisitions traffic when deals…

Scotiabank CEO shifts focus to North America, vows 'significant' change in mindset

financialpost.com The Bank of Nova Scotia will reallocate capital from developing markets to developed ones, prioritizing Canada, the United States and Mexico in that order, as it seeks to…

Scotiabank to cut 3% of global workforce

financialpost.com Share this Story : Scotiabank to cut 3% of global workforce The reductions could amount to about 2,700 jobs The reductions amount to about 2,700 jobs, based on the Canadian…

Ottawa forcing big banks to use OBSI to resolve customer complaints

financialpost.com Ottawa forcing big banks to use OBSI to resolve customer complaints RBC, TD and Scotiabank had stopped using OBSI after disagreements over how it dealt with complaints Get…

2 Incredibly Cheap Dividend Stocks to Buy Now

finance.yahoo.com At a time when dividend stocks in the S&P 500 index yield an average of just 1.3%, it can seem like dividend investors seeking out high yields are looking for a needle in a…

Caps on newcomers may 'unfairly' hurt businesses, damage economy, group warns

financialpost.com Ottawa’s plan to put a cap on the number of temporary foreign residents could “unfairly penalize” industries already facing labour shortages and risk damaging the economy,…

Why big investors want Gildan Activewear’s value to remain in public hands

theglobeandmail.com Someone is going to make a ton of money from owning Gildan Activewear Inc. The board of directors at Gildan GIL-T seems inexplicably determined to ensure that a U.S. private…

Uncertainty over Bank of Canada interest rate cut dragging on Big Six, say analysts

financialpost.com Uncertainty over how long interest rates will remain elevated is posing a risk to growth and credit quality at Canada’s big banks, according to analysts who will be keeping…

Opinion: Meet Canada’s most strategic CEO

theglobeandmail.com Folks, I believe I have found the most strategic chief executive officer in Canada’s banking industry. Maybe the most strategic CEO in all of Canada. That man is Dave McKay…

Student caps may slow rent growth, but won't solve housing woes, say economists

financialpost.com The federal government says its new limit of issuing about 360,000 international study permits — 215,000 or so less than in 2023 — can alleviate pressures on housing, health…

With move to limit temporary residents, Ottawa is ‘attacking the demand curve now’

theglobeandmail.com The federal government’s move to restrict the number of temporary residents in Canada will cool demand in the beleaguered housing sector and help in the battle against…

Canada’s population shock drives most of recent productivity declines

theglobeandmail.com As Ottawa overhauls its temporary immigration programs, a new analysis by Bank of Nova Scotia warns that the unchecked population surge of the past two years is behind…

Canada to put a cap on temporary residents for the first time

financialpost.com Prime Minister Justin Trudeau’s government will be limiting the number of temporary residents entering Canada by introducing caps on them for the first time starting this…

Posthaste: Why these economists think the Bank of Canada might not cut as soon as most expect

financialpost.com Inflation remains the sticking point and while the central bank acknowledged some progress — headline inflation eased to 2.9 per cent in January — it wasn’t enough. Core…

Battle for Canadian bank deposits seen heating up as rate cuts loom

theglobeandmail.com Competition for customer deposits among Canadian banks is expected to intensify with the likely onset of lower interest rates as clients divert funds parked in high-yielding…

RBC plans to triple renewable funding, reports little progress on oil and gas emissions

financialpost.com TORONTO — Royal Bank of Canada plans to ramp up its renewable energy funding, even as it also reported little progress on reducing the emissions intensity of its oil and gas…

TD beats estimates on capital markets strength

financialpost.com Toronto-Dominion Bank beat analysts’ estimates on an increase in revenue driven by strength in both its capital-markets unit and growth in loans and deposits in the lender’s…

National Bank shares hit all-time high as it reports $922 million Q1 profit

financialpost.com MONTREAL — Shares of National Bank of Canada pushed to an all-time high Wednesday as the bank delivered positive results that surprised to the upside. We apologize, but this…

RBC beats expectations even as loan loss provisions surge by more than 50%

financialpost.com Royal Bank of Canada beat analysts’ estimates as stronger-than-expected performance in the firm’s capital-markets and wealth-management businesses countered an increase in…

BMO misses expectations on weak capital markets, higher loan-loss provisions

financialpost.com Bank of Montreal missed analysts’ estimates as it grappled with weak capital-markets revenue and reported an increase in loan-loss provisions. We apologize, but this video…

Scotiabank's loan-loss provisions rise more than expected as Canadian economy weakens

financialpost.com Bank of Nova Scotia missed analysts’ estimates for loan-loss provisions amid growing stress in consumer lending as the Canadian economy weakens as well as higher…

Canada's big banks report earnings this week: Here's what analysts are worried about

financialpost.com With most of Canada’s biggest banks exposed to the United States commercial-property market, the deteriorating quality of some real estate loans could lead to nasty…

Canada's Big Five banks pile into hot risk-transfer trade

financialpost.com A little-watched corner of Canada’s credit market is being shaken up by the country’s largest lenders as they pile into securities that shift credit risks to other investors…

TD Bank CEO soon to be focus of succession talk, Jefferies analysts say

financialpost.com Succession planning is emerging as a key theme for Canada’s biggest lenders this year, particularly at Toronto-Dominion Bank, according to a new report from Jefferies…

TD Bank to pay $16 million to settle insufficient funds class-action lawsuit

financialpost.com TORONTO — The high cost of not having enough money is being brought into focus by a class-action lawsuit at one of the country’s largest banks. We apologize, but this video…

Canadian pensions face new call to invest at home, this time from major business leaders

financialpost.com Canada’s biggest pension funds have largely rebuffed recent pressure to pour more of their billions of investment dollars into their home market, but a new campaign backed…

TD takes top spot as Canada's most valuable brand

financialpost.com Toronto-Dominion Bank took the top spot as Canada’s most valuable brand in 2024, according to an annual report by consultant Brand Finance PLC. We apologize, but this video…

Are Canada's big banks just playing it safe or is there more trouble ahead?

financialpost.com Are Canada’s big banks just taking their usual conservative approach or are there signs of more trouble ahead in the sector? We apologize, but this video has failed to load.…

Canada's big banks face more credit losses amid mortgage renewal crunch

financialpost.com Credit losses must peak and interest rate cuts must be closer at hand before banks enter recovery territory, analysts say Get the latest from Barbara Shecter straight to…

Banks are taking it on the chin, but here’s why they deserve a second look

financialpost.com Canadian banks have long been considered a solid investment choice for a variety of reasons, but perhaps the best thing they have going for them is the oligopolistic nature…

Recent turmoil shows Laurentian Bank's history is catching up with it

financialpost.com One bank analyst, the people who make investor recommendations to buy, sell or hold particular bank stocks, said “it’s completely out of nowhere.” We apologize, but this…

Canada’s big banks say sustainable finance pledges may not curtail emission growth

theglobeandmail.com Some of Canada’s biggest banks have admitted for the first time that their climate-related finance efforts may not necessarily curtail emissions growth, following years of…

Spring housing market resurgence could give Bank of Canada pause on rate cuts

financialpost.com Spring housing market resurgence could give Bank of Canada pause on rate cuts A cut in April 'would be about the dumbest thing the central bank could do,' Scotiabank's Derek…

Bank CEO succession is the talk of Bay Street, but women are not likely candidates

theglobeandmail.com Canada’s biggest banks are on the brink of a round of CEO shakeups, and the chances that the next group of the country’s most influential Bay Street leaders will include a…

Harry Rosen’s $50-million overhaul plan, Gildan’s corporate battle intensifies and CRA clarifies bare trust tax filings: Must-read business and investing…

theglobeandmail.com Getting caught up on a week that got away? Here’s your weekly digest of the Globe’s most essential business and investing stories, with insights and analysis from the pros,…

Posthaste: Canada's GDP numbers not as good as you think, despite recession dodge

financialpost.com Still, digging into the data, economists found plenty of red flags as elevated interest rates continue to throttle the economy. With the final quarter of 2023 in the bag,…

Canada's big banks weathering the storm as credit strain mounts

financialpost.com All but one of the big six beat expectations despite growing loan loss provisions Get the latest from Barbara Shecter straight to your inbox Canada’s largest banks took…

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