Canada Banks

• Canadian banks set to report latest results as mortgage shocks continue

  Canadian banks are set to report their latest financial results after a second quarter that was notable for its economic steadiness.

  Money

  May 22
  
• Laurentian Bank completes strategic review without deal to sell

  A strategic review is often seen by investors as a prelude to a sale by a company. However, Laurentian said it will work on simplifying its organizational structure.

  Money

  Sep 14, 2023
  
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• RBC warns of more job cuts after beating profit estimates; TD misses

  Canada's largest bank RBC and TD Bank kicked off big bank earnings Thursday - both setting aside more money for loans that could go sour.

  Money

  Aug 24, 2023
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• National Bank buying SVB’s Canadian commercial loan portfolio

  National Bank of Canada says it will acquire the Canadian branch of Silicon Valley Bank's commercial loan portfolio. The deal is expected to close in the coming weeks.

  Money

  Aug 1, 2023
• As shares soar, is Laurentian Bank about to be put up for sale?

  A strategic review is often seen by investors as a prelude to a sale by a company. The bank said it does not intend to disclose further developments until the review is concluded.

  Canada

  Jul 12, 2023
• National Bank joins other major lenders in setting aside more cash for bad loans

  National Bank of Canada raised its quarterly dividend and reported its second-quarter profit fell compared with a year ago and increased loan loss provisions.

  Money

  May 31, 2023
• Are Canadian banks under pressure? What to know ahead of earnings this week

  Canadian banks are expected to report a rise in bad debt provisions and highlight risks from commercial property loans when they report earnings this week.

  Economy

  May 23, 2023
• Canada’s bank deposit insurance limits being reviewed after SVB collapse, trade group says

  The Bank and Trust Companies Association, which has called for coverage to be doubled, says the Canada Deposit Insurance Corporation is reviewing the current regime.

  Money

  Mar 21, 2023
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• Scotiabank, BMO report Q1 profit dip as lenders set aside more money for loan defaults

  BMO and Scotiabank both reported lower first-quarter profit as Canada's big banks release quarterly earnings.

  Money

  Feb 28, 2023
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• Higher credit requirements manageable amid rising economic risks, bank CEOs say

  Canadian bank CEOs say they're able to adapt to the higher credit requirements the banking regulator has set in response to rising economic vulnerabilities.

  Economy

  Jan 9, 2023