Banking
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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
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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
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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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Laurentian Bank reports first quarter profit up from year agoRevenue totalled $247.4 million, up from $238.7 million in the year earlier quarter.CanadaMar 3, 2021
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Why Canada needs better public banks following the COVID-19 pandemicCanada's public banks have relatively low profiles and narrow mandates. 'This is a shame. Much more could be done with them,' say David McDonald and Thomas Marois.CommentaryFeb 20, 2021
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1 in 4 credit card users couldn’t make payments in May, June: surveySince J.D. Power fielded its survey in May and June, other data have shown that households are now resuming monthly payments that were on hold this summer.CanadaSep 17, 2020
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Quebec considers making credit reports freeA government bill being studied this week at the national assembly aims to give Quebecers more control and protection over their credit.Aug 26, 2020
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