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Bank

As expected, Bank of Canada holds interest rate steady at 5%

by Anas Siddiqui
As expected, Bank of Canada holds interest rate steady at 5%

The Bank of Canada decided to keep its benchmark interest rate steady at five per cent. The move was widely expected, as after raising its trendsetting rate 10 times since early …

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RBC handed $7.4M penalty from financial intelligence agency

by Anas Siddiqui
RBC handed .4M penalty from financial intelligence agency

Business Canada’s financial intelligence agency has levied a $7.4-million penalty against the Royal Bank of Canada for non-compliance with anti-money laundering and terrorist financing measures. Violations include failing to submit …

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Alberta BMO customer on the hook after almost $10K disappeared from her account

by Anas Siddiqui
Alberta BMO customer on the hook after almost K disappeared from her account

An Alberta woman says she has to repay almost $10,000 — plus interest — after her line of credit was drained and the money transferred out of her Bank of Montreal …

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Seeking an Rx for food insecurity: How different countries are tackling the same problem

by Akin Smith
Seeking an Rx for food insecurity: How different countries are tackling the same problem

This story idea came from audience members, like you, who got in touch with us. Email us your questions. We are listening: [email protected]. Putting food on the table is getting …

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BMO raises dividend, even as profits slump and loan loss provisions increase

by Anas Siddiqui
BMO raises dividend, even as profits slump and loan loss provisions increase

BMO Financial Group raised its dividend as it reported its fourth-quarter profit fell compared with a year ago. The bank said Friday it will now pay a quarterly dividend of …

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Scotiabank profit falls as bank sets aside almost $1.3B to cover bad loans

by Anas Siddiqui
Scotiabank profit falls as bank sets aside almost .3B to cover bad loans

The Bank of Nova Scotia said its profit slumped in the fourth quarter for a variety of reasons, but a major one was a more than doubling in the amount …

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British investment funds get go-ahead to launch blockchain-based tokenized assets

by Isaac Wright
British investment funds get go-ahead to launch blockchain-based tokenized assets

With the latest move, the U.K. hopes to bolster liquidity in its asset management market. British investment managers have received an approval to develop tokenized funds with the help of …

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First Nations surging to $100B economic force in Canada, Indigenous leaders predict

by Anas Siddiqui
First Nations surging to 0B economic force in Canada, Indigenous leaders predict

Entrepreneur Rob Tebb can see his company becoming bigger — a lot bigger. “The opportunity is there to just grow this business to four or five times the size that …

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Canada’s Stakusic eyes more success after breakout performance at Billie Jean King Cup

by Virginia Chavez
Canada’s Stakusic eyes more success after breakout performance at Billie Jean King Cup

With a Billie Jean King Cup team tennis title under her belt, Canadian teenager Marina Stakusic is aiming just as high for her singles career as she looks to make …

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In an uncertain economic climate, the federal government banks on hope

by Anas Siddiqui
In an uncertain economic climate, the federal government banks on hope

Almost any budgetary process is an exercise in optimism. The federal government hopes it can hold the line on program spending. It hopes the global economy is on the road …

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