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Bank

She received the CEBA loan more than 3 years ago — her bank now says she wasn’t eligible

by Anas Siddiqui
She received the CEBA loan more than 3 years ago — her bank now says she wasn’t eligible

With a major deadline to repay a pandemic era loan just over a month away, one small business owner says she’s only now being told she was never eligible for …

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It’s not just a label for meat: halal investments target Islamic customers

by Anas Siddiqui
It’s not just a label for meat: halal investments target Islamic customers

Whether it’s mutual funds, savings accounts or stock trading, millions of Canadians depend on investments for their financial future.  But for some Muslims, faith took many monetary options off the table because …

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Standard Chartered to offer China’s rich more foreign investment choices via its global network as home markets wilt

by Anas Siddiqui
Standard Chartered to offer China’s rich more foreign investment choices via its global network as home markets wilt

Standard Chartered, one of Hong Kong’s three currency-issuing banks, plans to strengthen its role as an international service provider in mainland China, tapping its wealthy clients’ rising appetite for assets …

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Annual pace of housing starts in Canada down 22% in November, says CMHC

by Anas Siddiqui
Annual pace of housing starts in Canada down 22% in November, says CMHC

The pace of housing starts in Canada fell by 22 per cent in November, the Canada Mortgage and Housing Corp. said Friday. The agency says the monthly seasonally adjusted annual rate …

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Tiff Macklem says 2024 will be a transition year for economy, too soon to consider rate cuts

by Anas Siddiqui
Tiff Macklem says 2024 will be a transition year for economy, too soon to consider rate cuts

Bank of Canada governor Tiff Macklem says he expects 2024 to be a transition year as higher interest rates slow down the economy, making way for lower inflation. In his …

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Former Credit Suisse executive unveils crypto marketplace for banks

by Isaac Wright
Former Credit Suisse executive unveils crypto marketplace for banks

A former executive at Credit Suisse has rolled out a new crypto trading platform, targeting banks and securities firms only. David Riegelnig, who held several senior management positions at Credit …

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This senior got his insurance claim after a fight. He’s still worried he’ll lose home care

by Akin Smith
This senior got his insurance claim after a fight. He’s still worried he’ll lose home care

Ron Oliver, right, is worried about losing home care after he was forced to pay out of pocket for months because of delayed insurance claims. Emily Colbourne, left, provides care …

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Swiss arm of BBVA bank taps Ripple-owned Metaco for crypto custody

by Isaac Wright
Swiss arm of BBVA bank taps Ripple-owned Metaco for crypto custody

BBVA Switzerland has migrated its crypto custody services to Ripple-owned infrastructure provider Metaco. Under the collaboration agreement, BBVA Switzerland will be using Metaco‘s Harmonize platform to connect between multiple blockchain …

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European Central Bank to monitor banks’ climate and crypto strategies

by Isaac Wright
European Central Bank to monitor banks’ climate and crypto strategies

The European Union is enhancing the European Central Bank’s role to oversee climate risks and digital assets in the banking sector. This move comes with the expanding scope of risks …

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Surge in newcomers putting pressure on inflation via housing demand: BoC official

by Anas Siddiqui
Surge in newcomers putting pressure on inflation via housing demand: BoC official

The recent surge in newcomers is adding to inflation through housing demand, a senior Bank of Canada official said Thursday, warning rental and home prices could continue to rise without …

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