Bank Collapse
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Canada is not immune to banking instability, central bank chief warnsBank of Canada governor Tiff Macklem reiterated his confidence in the country's financial system on Thursday but said policymakers can't be 'complacent' about banking risks.EconomyApr 13, 2023
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Canada’s bank deposit insurance limits being reviewed after SVB collapse, trade group saysThe Bank and Trust Companies Association, which has called for coverage to be doubled, says the Canada Deposit Insurance Corporation is reviewing the current regime.MoneyMar 21, 2023
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Banking turmoil is adding to sense of looming economic ‘precipice.’ What’s next?The mounting feeling of economic disaster comes as Finance Minister Chrystia Freeland is set to table the government's latest budget on March 28.EconomyMar 19, 2023
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Credit Suisse faces a pivotal weekend. Here’s what could be next for the Swiss bankThe frantic effort to shore up Credit Suisse come as assurances from policymakers that the global banking system is safe fail to assuage fears about broader troubles in the sector.EconomyMar 17, 2023
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S&P/TSX composite down almost one per cent; U.S. markets mixed over bank failuresThe S&P/TSX composite index was down 186.02 points at 19,588.90.CanadaMar 13, 2023
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Silicon Valley Bank’s Toronto branch seized by Canada’s banking regulator amid collapseU.S. banking regulators were forced on Friday to urgently close Silicon Valley Bank after billions of dollars were withdrawn by fearful depositors.EconomyMar 13, 2023
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Multiple people arrested in connection with $20M+ in gold stolen from Toronto’s Pearson airport
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