Edition:
United Kingdom

Nichola Saminather

Canada pension plan's fossil-fuel investments raise climate risks, study says

17 Sep 2020

TORONTO Canada Pension Plan Investment Board (CPPIB), which manages the pensions of 20 million Canadians, is investing billions of dollars in fossil fuel companies, exposing it to significant climate-related risks, research by two universities said on Thursday.

UPDATE 1-Canadian banks return to focus on cost controls, resume paused job cuts

09 Sep 2020

TORONTO, Sept 9 Canada's biggest banks are returning to a focus on managing expenses, with some resuming job cuts put on hold in response to the coronavirus pandemic and others deferring investments not deemed urgent.

Canada's RBC turns heads in U.S. with wealth management recruitment push

03 Sep 2020

TORONTO Royal Bank of Canada's U.S. wealth management unit has been luring teams managing bigger amounts of assets from much larger rivals, driving a surge in revenue from the new recruits and helping it outperform others in the industry.

UPDATE 2-Canada to phase out special capital treatment of deferred loan, premium payments

31 Aug 2020

TORONTO, Aug 31 Canada's financial regulator said on Monday it will begin reversing some of the measures adopted at the onset of the coronavirus pandemic to ensure adequate liquidity, adding to challenges facing financial firms as other government aid programs wind down.

As pandemic relief winds down, Canadian banks brace for a new reality

28 Aug 2020

TORONTO Canadian banks are warning of a rise in credit impairments over the next year as the unwinding of government aid and loan deferral programs in coming months exposes lenders to the real damage to customers from the coronavirus crisis.

As pandemic relief winds down, Canadian banks brace for a new reality

28 Aug 2020

TORONTO, Aug 28 Canadian banks are warning of a rise in credit impairments over the next year as the unwinding of government aid and loan deferral programs in coming months exposes lenders to the real damage to customers from the coronavirus crisis.

COVID-19 speeds up home buyer exodus from Toronto, condo market quivers

27 Aug 2020

TORONTO/OTTAWA, Aug 27 The coronavirus pandemic is speeding up an exodus to Toronto's suburbs and beyond as white-collar workers, frustrated with the city's lack of family-friendly homes, bet they will be able to continue working from home after the crisis ends.

TD, CIBC close out better-than-expected quarter for Canadian banks; outlook uncertain

27 Aug 2020

TORONTO Toronto-Dominion Bank and Canadian Imperial Bank of Commerce beat analyst expectations for third-quarter profit on Thursday as strong earnings growth in their capital markets businesses helped offset weakness in almost every other unit.

Canada's Royal Bank, National Bank post profit beat on markets strength, fewer provisions

26 Aug 2020

TORONTO Royal Bank of Canada and National Bank of Canada comfortably beat estimates for third-quarter profit on Wednesday as they set aside about half the money analysts had expected to cover bad loans.

Scotiabank, BMO say worst of provisions over after quarterly profit declines

25 Aug 2020

TORONTO Bank of Nova Scotia and Bank of Montreal , which posted profit declines from a year ago on Tuesday, said they expect provisions for loan losses to pull back in coming quarters even as assistance measures that have kept a lid on delinquencies wind down.

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