Putin seeks answers as radioactive leak fears grow

newsweek.com Russian President Vladimir Putin sought answers this week amid the country's worst flooding in decades which has led to the evacuation of tens of thousands of people and a…

Economy grows more than expected, keeping the Bank of Canada 'on its toes'

financialpost.com The Canadian economy surprised to the upside in January, posting its strongest monthly growth in a year, which could keep the Bank of Canada “on its toes,” say economists.…

Analysts revisit Humana stock price targets amid Medicare Advantage hit

thestreet.com When then-President George W. Bush signed the Medicare Prescription Drug, Improvement, and Modernization Act of 2003, he said the act would help achieve "a more modern…

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…

FP Dealmakers: Interest rate peak fuels optimism on Bay Street

financialpost.com Peter Miller doesn’t mince words when describing the dealmaking doldrums that Bay Street has slipped into over the past couple of years. But the head of global equity…

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…

John Turley-Ewart: Why opposing the RBC-HSBC merger is a bad look for the Conservatives

financialpost.com Selling a bank in Canada is a tricky thing, and has been since 1911 when, in the face of popular opposition to large numbers of bank mergers used to weed out weak banks, the…

RBC pays total of $8 million in regulatory settlements over how it recorded costs of software development

financialpost.com Royal Bank of Canada paid $2-million to settle Ontario Securities Commission allegations that the bank did not properly record costs related to internal development of…

The pay for Manulife’s CEO is head and shoulders above peers

theglobeandmail.com It may surprise you to learn the best-paid chief executive officer in Canada’s financial-services industry is not the leader of one of our behemoth banks, but instead Rocco…

Crude Awakening: 3 Energy Plays Set to Strike Liquid Gold for Investors

investorplace.com Explore three energy stocks poised to profit from rising oil prices Oil prices have surged approximately 15% this year, hovering near $90 a barrel with expectations of…

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,…

Analysts revise General Motors stock price target after earnings

thestreet.com Austin Powers isn't the only one getting his mojo back. The satirical Sixties-era spy, created and portrayed by Mike Myers in four films, was rendered "shagless" in one of…

RBC shock firing of CFO comes at crucial time for Canada's largest bank

financialpost.com The sudden exit of Royal Bank of Canada’s chief financial officer comes at a “critical juncture” for the lender as it tries to absorb the biggest acquisition in its history,…

RBC fires CFO Nadine Ahn after probe into personal relationship

financialpost.com Royal Bank of Canada fired its chief Financial Officer Nadine Ahn after an internal review concluded that she was in an undisclosed close personal relationship with another…

Posthaste: Affording a home in Canada has never been tougher, with one city in 'full-blown crisis'

financialpost.com According to the report, it has never been tougher to afford a home in Canada, and at least one city is in “full-blown crisis.” Though it paused last summer, the Bank of…

'Reels, Messaging, and AI:' What Wall Street analysts expect from Meta as it gears up for first-quarter earnings

aol.com None Meta Platforms will report its first-quarter earnings on Wednesday after the closing bell. • None Wall Street is optimistic about the social media firm's result, citing…

Monday's stocks to buy like Nvidia

cnbc.com Here are the biggest calls on Wall Street on Monday: Goldman Sachs reiterates Amazon as buy Goldman said the stock is a top idea heading into earnings on April 30. "We…

People Moves Monday: Sarasin & Partners, RBC, SimCorp and more…

thetradenews.com Sarasin & Partners appointed Neil Palan, former Odey Asset Management trader, to join its ranks as a multi-asset dealer, The TRADE revealed last Monday. Neil Palan joins…

Paul Deegan: Dismissal of Royal Bank CFO is no run-of-the-mill firing

financialpost.com That’s exactly what Royal Bank of Canada, the country’s largest company by market capitalization, did when it announced “changes to its executive team” in a press release…

Video shows apparent aftermath of strike on Russian Black Sea Fleet ship

newsweek.com Footage circulating on social media on Monday appears to show the aftermath of a Ukrainian strike on Russia's oldest Black Sea Fleet vessel over the weekend. A brief video,…

Why BCE, Rogers and Telus are all struggling

theglobeandmail.com A new consensus is quietly forming around Canada’s telecommunications industry – a painful narrative that is putting more pressure on the sector’s sinking share prices.…

Asian Traders Await Key Data; US Futures Climb: Markets Wrap

finance.yahoo.com Asian markets were set for a muted open Monday as focus shifts to a slew of company earnings and economic data this week for insight into the direction of central bank…

Ottawa to force banks to use carbon rebate label for direct deposits

cbc.ca Canadian banks that refuse to identify the carbon rebate by name when doing direct deposits are forcing the government to change the law to make them do it, says Environment…

Ottawa to force banks to identify carbon rebate by name in direct deposits

theglobeandmail.com Canadian banks that refuse to identify the carbon rebate by name when doing direct deposits are forcing the government to change the law to make them do it, says Environment…

Escalating Middle East tensions a fresh jolt to world markets

finance.yahoo.com Reports of an Israeli attack on Iranian soil that possibly drags the Middle East into a deeper conflict has jolted world markets with geopolitical risks that can swiftly…

RBC chief economist Craig Wright to retire after 23 years in the role

theglobeandmail.com The longest-serving chief economist at the country’s big banks, Craig Wright at Royal Bank of Canada, has announced plans to retire at the end of June. Mr. Wright joined RBC…

How to push for the lowest mortgage rates in a high interest rate world

theglobeandmail.com Mortgage shopping isn’t getting much easier these days. The highly anticipated interest rate cuts so many have been banking on this year keep getting pushed back, while…

Canadian banks risk falling behind global peers under new capital rules, RBC's McKay warns

financialpost.com Canadian regulators should rethink capital requirements imposed on the country’s largest financial institutions if banks in the United States and Europe are not forced to…

These are the big questions facing Canada's Big Six banks in 2024

financialpost.com Interest rates, capital buffers and expense management are among the leading issues facing Canada’s biggest banks in 2024, but in the view of National Bank of Canada analyst…

HSBC deal won't change mortgage landscape, says RBC, but industry watchers not so sure

financialpost.com Canada’s largest bank says the country’s mortgage market will not change significantly in the wake of its acquisition of HSBC Holdings Plc.’s operations here, but industry…

What is FINTRAC and why is it fining some of Canada's biggest banks?

financialpost.com Financial penalties totalling more than $8.5 million were levied against two of Canada’s largest banks by the national watchdog tasked with keeping tabs on suspicious…

Anti-money laundering agency imposes biggest fine yet on RBC

financialpost.com Royal Bank of Canada has been ordered to pay a nearly $7.5-million penalty for administrative violations under the Proceeds of Crime (Money Laundering) and Terrorist Finance…

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.…

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…

Lack of investment is a 'big part' of Canada's productivity slowdown

financialpost.com A lack of innovation and investments in businesses are key reasons why Canada’s labour productivity growth rate has declined in the past two decades, according to a new…

Stock market today: S&P 500 futures rise with focus on earnings

finance.yahoo.com US stock futures rose early Wednesday, with the S&P 500 eyeing a comeback as investors put interest rate worries on the backburner to focus on quarterly earnings. S&P 500…

RBC taps Citi for new institutional municipal trader, VP

thetradenews.com Casey Crawford has been appointed institutional municipal trader, vice president, at RBC, joining from Citi. New-York based Crawford was previously vice president,…

Why the 2024 stock market still looks like 2023: Morning Brief

finance.yahoo.com This is The Takeaway from today's Morning Brief, which you can sign up to receive in your inbox every morning along with: • None The chart of the day With roughly one-third…

When does office romance become cause for dismissal?

theglobeandmail.com The legal fallout from dating at work is back in the headlines after the Royal Bank of Canada dismissed its chief financial officer for alleged misconduct. The Bank stated…

'We're not there yet': Economists on February's inflation slowdown and interest rate cuts

financialpost.com Canada’s inflation numbers for February flummoxed analysts again, slowing to 2.8 per cent year over year instead of rebounding to 3.1 per cent as most analysts predicted. We…

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…

Opinion: Great budget, Ottawa, but how to execute it when Canada fails to retain talent?

theglobeandmail.com You can’t win a war if you’re unaware you’re in the fight. And right now, unbeknownst to many, Canada is fighting a global war for talent. Put simply, we’re focusing our…

Investors should expect ‘new normal’ once interest rates drop, BMO head says

theglobeandmail.com Bank of Montreal chief executive officer Darryl White says that even when higher-for-longer interest rates begin to cool, banks and consumers will face a suite of new…

Dr. Martens shares plunge 30% to all-time low, trading briefly halted on weak outlook

cnbc.com New Doc Martens boots seen in Dublin's Doc Martens store window. On Monday, 05 July 2021, in Dublin, Ireland. Shares of Dr. Martens plunged 30% on Tuesday to hit a record…

Posthaste: Why Canada shouldn’t take its triple A credit rating for granted

financialpost.com But recent provincial budgets have shown how difficult keeping to such so-called fiscal anchors can be, says Rachel Battaglia, an economist with Royal Bank of Canada.…

Posthaste: Why Canada shouldn’t take its status as top-rated sovereign for granted

financialpost.com But recent provincial budgets have shown how difficult keeping to such so-called fiscal anchors can be, says Rachel Battaglia, an economist with Royal Bank of Canada.…

Salesforce in talks to buy Informatica: WSJ

finance.yahoo.com is reportedly in advanced talks to acquire data management software company Informatica (INFA), according to a Wall Street Journal report. The potential acquisition would…

Neumora Stock Hits 2024 Low As Side Effects In Rabbits Torpedo Schizophrenia Drug

investors.com Neumora Therapeutics (NMRA) said Monday the Food and Drug Administration put its schizophrenia drug on hold after rabbits who received it experienced convulsions. In…

Inflation likely rose in March, but not enough to change Bank of Canada's direction

financialpost.com Canadian inflation likely reaccelerated in March, but not by enough to throw the Bank of Canada off course, economists say. We apologize, but this video has failed to load.…

We're taught that our homes are an asset. And that's helping keep housing prices high

cbc.ca If you listen to Canadian politicians, the solution to our housing crisis seems to be some combination of immigration reform and a herculean countrywide building effort. But…