Banking
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Scotiabank resolves ‘technical issue’ that left customers without paychequesIn a statement to Global News, a spokesperson for Scotiabank said that "any fees incurred as a result of this error will be refunded."CanadaJul 26
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A long-awaited change to Canadian banking is coming. What to knowChange is in the works that will give Canadian consumers and businesses significantly more control over their financial data, in what’s known as open banking.MoneyMar 10
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Canada’s banking regulator lays out final guidelines on protecting against foreign interferenceThe formalized expectations cover everything from ensuring the "good character" of board members to managing who has access to buildings, servers and other key infrastructure.CanadaJan 31
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Desjardins to axe 30% of service centres, ATMs in next 3 yearsDesjardins says that by the end of last year its 669 service counters accounted for just one per cent of transaction volume, while its 1,559 ATMs accounted for three per cent.MoneyJan 31
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Federal probe angers one of Canada’s largest mortgage broker networksThe Competition Bureau is investigating Dominion Lending Centres Inc. , a company whose franchise network includes 7,981 brokers working in 10 provinces through 544 franchises.InvestigationsSep 19, 2023
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Risk of ‘hard landing’ for global economy has ‘risen sharply,’ IMF warnsThe IMF has dimmed its outlook for the world economy this year amid high inflation, rising interest rates and uncertainties resulting from the collapse of two big American banks.EconomyApr 11, 2023
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Quebec lifts freeze on joint bank accounts between spouses in case of deathThe new Quebec law aims to make it easier for co-holders of a shared bank account to access their share of the balance if their spouse or ex-spouse dies.EconomyDec 7, 2022
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Making rising interest rates work in your favour, according to expertsWhile there are concerns about the impact on people's bottom lines, one financial advisor says the hikes can present an opportunity for some.ConsumerSep 16, 2022
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Only bank in Grand Manan, N.B. closes up despite efforts of residentsTravelling to the next nearest branch is no simple task, and will force residents into a 90-minute ferry ride, a $50 ticket and a drive to St. George, N.B.CanadaAug 24, 2022
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How can tech companies grow amid sector downturn? Experts weigh inOne of the best-performing sectors during the pandemic, the technology sector is now facing a challenging time as a reversal in fortunes has companies tightening their belts.TechAug 14, 2022
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