Category : Search result: banking fraud Canada


Canadians lose $2.3M to AI-powered crypto scams

A W5 investigation reveals how Canadians are being aggressively targeted by sophisticated AI-generated videos in cryptocurrency investment scams, leading to devastating losses. Learn how to protect yourself.

AI crypto scams steal $2.3M from Canadians

Two Canadians lost a combined $2.3 million in sophisticated AI-generated cryptocurrency scams. Learn how these deepfake frauds work and how to protect yourself.

Windsor Police Ask Public to ID Fraud Suspect

Windsor police release surveillance image of a man wanted for a $3,000 fraudulent credit card purchase. Authorities urge anyone with information to contact the financial crimes unit.

Financial Crime Auditors Visit Canada After Major Fine

Global financial crime auditors conducted a three-week review of Canadian banks and government agencies in November. This follows a record penalty for a major Canadian bank. Learn the details and implications.

Ontario woman loses $4,000 to job scam

An Ontario woman was defrauded of $4,000 in an advance fee loan scam. Police warn job seekers about fake offers involving stolen goods or money laundering.

How to Help Seniors Avoid Scams and Fraud

Expert advice from the Credit Counselling Society on safeguarding older Canadians from phone, online, and in-person fraud while preserving their independence and dignity.

Expert Tips for Picking the Right Canadian Bank Account

Financial expert Christopher Liew breaks down the key factors for selecting a bank account in Canada. Learn about fees, ATM access, and choosing between big banks, credit unions, and online-only institutions.

Calgary dentist faces prison for $684K insurance fraud

A Calgary dentist who defrauded insurers of nearly $700,000 for phantom dental work should go to prison, says the Crown. Defence argues her $500K+ restitution merits a non-custodial sentence. Sentencing in January.

Ontario man charged in $1.6M crypto scam

Peel police charge a 31-year-old man after two victims lost $1.6M in a fake crypto investment scheme promoted on social media. Learn how to protect yourself.

Canada's Big Six banks earn $16.45B in Q4 profit

Canada's largest banks reported a combined $16.45 billion profit in the fourth quarter, driven by a boom in capital markets. Discover the key factors behind this financial surge.

CIBC Hikes Dividend After Q4 Earnings Beat

CIBC raises its quarterly dividend to $1.07 per share following a strong fourth quarter, with adjusted net income hitting $2.19 billion. Read the full analysis of the bank's performance.

EQB to buy PC Financial for about $800M

EQB Inc. has agreed to purchase the PC Financial business from Loblaw Companies Ltd. in a landmark transaction valued at approximately $800 million. The deal reshapes Canada's banking landscape.

Laurentian Bank sells $1.9B portfolio in strategic split

Laurentian Bank CEO Éric Provost details the strategic $1.9 billion asset sale to National Bank and Fairstone Bank, marking a significant shift for the Canadian financial institution. Learn the details and implications.

RBC Q4 profit rises, dividend increased

Royal Bank of Canada announced higher fourth-quarter profits compared to last year and raised its dividend. Get the key financial details and market implications.

Calgary man guilty of $2.4M park model fraud

A Calgary court has found Robert Bradley Sandler guilty of 13 counts of fraud, defrauding 16 victims of nearly $2.5 million through his company Home Squad Inc. Sentencing is pending.

B.C. man charged in Lethbridge investment fraud

A British Columbia man has been charged in connection with a significant investment fraud targeting a Lethbridge resident. Learn the details of the case and its implications.

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