Canadian Banks
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Gender pay gap in Canada’s banking sector at 18.4 per cent, data showsFemale employees in Canadian banks earn 18.4 per cent less per hour in wages than their male colleagues, according to data made public by the federal government.EconomyFeb 5
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Bank CEOs expect to put more money aside for bad loans amid higher ratesRBC CEO Dave McKay, speaking at the bank's CEO conference, says he expects to see credit loss provisions peak this year as parts of the commercial side of lending remain strained.EconomyJan 9
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Canadians could see changes in banking next year. What to expectThe federal government approved RBC's $13.5-billion takeover of HSBC Canada this month. Here's a look at some of the other changes expected in Canadian banking in 2024MoneyDec 29, 2023
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Desjardins to cut nearly 400 jobs, citing economic uncertaintyOther banks have also been trimming staff in recent months after a major hiring push during the pandemic.EconomyOct 19, 2023
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Canadian banks face pressure to support wildfire victims, climate changeWhile banks recognize that Canadians are living through a wildfire season like no other, activists say they aren't delivering where they're most needed.EconomyAug 27, 2023
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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.CanadaJul 12, 2023
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Struggling mortgage holders could see lenders waive fees under new guidelinesFederally regulated banks have a new set of expectations when it comes to offering relief to homeowners who are struggling with higher mortgage payments.MoneyJul 5, 2023
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Canada’s banking watchdog raises key buffer for banks amid economic fearsThe Office of the Superintendent of Financial Institutions raised a key capital buffer for Canada's biggest lenders ahead of what it said were growing economic risks.EconomyJun 20, 2023
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Canada’s banks are guarding against bad loans. What this means for your moneyCanada's banks put away more money for bad loans this past quarter. Canadians should take that as a signal they may need to tighten their belts further in the months ahead.MoneyMay 28, 2023
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Why are short-sellers betting on TD Bank to stumble?TD Bank has been getting a fair bit of attention from short-sellers as of late. Here's what experts say about the bets against the bank's stock, and whether you should be worried.MoneyApr 25, 2023
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