Canadian Banks

• Big banks dominate in Canada as challengers look to make inroads

  The loss of the two mid-sized players in what was already a small pool of competitors to the Big Six banks leaves few others with enough scale to even distract the majors.

  Economy

  Sep 22
  
• Gender pay gap in Canada’s banking sector at 18.4 per cent, data shows

  Female 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.

  Economy

  Feb 5
  
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• Bank CEOs expect to put more money aside for bad loans amid higher rates

  RBC 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.

  Economy

  Jan 9
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• Canadians could see changes in banking next year. What to expect

  The 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 2024

  Money

  Dec 29, 2023
• Desjardins to cut nearly 400 jobs, citing economic uncertainty

  Other banks have also been trimming staff in recent months after a major hiring push during the pandemic.

  Economy

  Oct 19, 2023
• Canadian banks face pressure to support wildfire victims, climate change

  While banks recognize that Canadians are living through a wildfire season like no other, activists say they aren't delivering where they're most needed.

  Economy

  Aug 27, 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
• Struggling mortgage holders could see lenders waive fees under new guidelines

  Federally regulated banks have a new set of expectations when it comes to offering relief to homeowners who are struggling with higher mortgage payments.

  Money

  Jul 5, 2023
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• Canada’s banking watchdog raises key buffer for banks amid economic fears

  The 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.

  Economy

  Jun 20, 2023
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• Canada’s banks are guarding against bad loans. What this means for your money

  Canada'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.

  Money

  May 28, 2023