TORONTO, Jan 14 Canadian Imperial Bank of
Commerce's (CIBC) efforts to speed up mortgage growth
following a pullback two years ago is expected to face hurdles
as bigger rivals maintain their hold on the market, and
record-high debt levels weigh on borrowers, analysts and
Jan 10 TMX Group Ltd, the operator of the
Toronto Stock Exchange, announced that Chief Executive Officer
Lou Eccleston will retire early, and said an internal
investigation had found no evidence of sexual misconduct at the
company after he had been accused of harassment before he joined
TORONTO Toronto Dominion Bank and Canadian Imperial Bank of Commerce chief executives declined to rule out restructuring charges on Tuesday as Canadian banks turn to controlling costs to drive earnings growth in what is expected to be a tough year.
TORONTO Aurora Cannabis Inc this week became the first major Canadian company to sell edibles and vapes for medical use, a small base that nevertheless helps shore up margins and paves the way for sales in the much larger European medical market.
TORONTO The scrapping of a second Canadian IPO in as many months this week caps a year of declining activity, highlighting the challenges facing issuers as trade uncertainty and the growth of passive investing weigh on new offerings.
Dec 10 Canada's banking regulator on Tuesday
raised the amount of capital lenders must hold to guard against
risks including near-record household and corporate debt levels,
as Moody's Investor Service highlighted high consumer leverage
as a "persistent vulnerability."
(This December 5 story corrects seventh paragraph to say income from U.S. business rose, not fell.)
Dec 5 Canadian banks are bracing for another
year of muted earnings growth after disappointing quarterly
results erased about C$21 billion ($15 billion) from their
market values in the past week and closed out the worst year for
profit expansion since the financial crisis.
Royal Bank of Canada expects a pickup in deal-making in early fiscal 2020, its chief financial officer told Reuters on Wednesday after Canada's biggest bank unveiled disappointing quarterly earnings as investment banking fees dried up.
TORONTO The Canadian provinces of Quebec and Newfoundland and Labrador said on Wednesday they would not allow the sale of cannabis vapes, just weeks before the start of marijuana derivatives sales, as concerns linger about a possible connection between the vaping products and severe lung disease