U.S. regulators are easing capital requirements for major banks, potentially freeing billions for lending. Critics warn this could lead to another financial crisis and pressure Canada to follow suit, despite its stable banking system.
A U.S. federal judge dismissed a lawsuit accusing Fidelity of keeping investors in higher-cost share classes in its $439.1 billion Government Money Market Fund, marking a legal victory for the mutual fund giant.
The Federal Reserve has announced a significant reduction in its operational losses for 2025, reporting a deficit of $19.6 billion. This marks a notable improvement from previous years, reflecting ongoing adjustments in monetary policy and economic condit
Former President Donald Trump argues his $5 billion lawsuit against JPMorgan Chase should remain in Florida, claiming CEO Jamie Dimon personally directed account closures after the 2021 Capitol riot.
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Former President Donald Trump argues his $5 billion 'debanking' lawsuit against JPMorgan and CEO Jamie Dimon should remain in Florida, claiming Dimon personally directed account closures after the 2021 Capitol riot.
Gold prices continue to rise after breaking a losing streak, with traders evaluating U.S.-Iran ceasefire prospects while facing headwinds from investor positioning, Middle East demand, and rate hike expectations.
A Bloomberg analysis reveals that stock portfolios of at least four major Canadian pension funds have driven returns for three consecutive years, outperforming private equity amid a prolonged deal drought and market volatility.
A small Swiss bank's downfall reveals a dirty money trail from Venezuela to Iran, exposing regulatory failures and undermining Switzerland's financial cleanup efforts.
Financial markets are pricing in multiple interest rate hikes by the Bank of Canada this year, while most economists predict rates will remain on hold, creating a significant divergence in outlooks.
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National Bank CEO Laurent Ferreira calls for reviving the Keystone XL pipeline and establishing an eastern energy corridor in Canada, amid discussions on mortgage trends and retirement shifts.
Canada's top banking regulator warns that economic and geopolitical turmoil is increasing financial system risks globally, with uneven costs and potential victims, while Canadian banks face mortgage renewal challenges.
Statistics Canada data reveals median household net worth surged to $519,700 in 2023, driven by real estate and retirement assets, with regional disparities and age as key factors.
French authorities conducted raids at Edmond de Rothschild's Paris offices as part of an investigation into a diplomat connected to the Jeffrey Epstein case, highlighting ongoing international scrutiny.
Canadian subprime lender Goeasy Ltd. has secured concessions from lenders after auto loan losses at its LendCare unit caused shares to plummet over 60% and bonds to fall sharply.
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Bank of Montreal partners with CME Group to introduce a tokenized cash service, enabling institutional clients to move funds and settle trades around the clock, pending regulatory approval.
Barclays has increased its year-end S&P 500 forecast to 7,650 for 2026, citing strong corporate earnings and economic resilience despite ongoing inflation and Middle East tensions.
The Bank of Canada is conducting an internal recruitment process to fill two vacancies on its governing council following the announced departures of Deputy Governors Sharon Kozicki and Rhys Mendes.
The C.D. Howe Institute recommends a revenue-neutral tax overhaul to stimulate economic growth by lowering income taxes and increasing consumption taxes, modeled after Sweden's 1990s reforms.
Sweden transformed from punitive taxation to growth-friendly policies after 1970s horror stories. Canada risks losing economic contributors without similar reforms focusing on consumption taxes and flatter income rates.
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A new Fraser Institute report reveals Ontario's net debt increased by $104 billion under Premier Doug Ford, urging improved fiscal management ahead of the upcoming budget release.
A former bank manager in Brossard received a 26-month prison sentence for her involvement in a mortgage fraud scheme that targeted properties in Montreal, including one in Notre-Dame-de-Grâce.
JPMorgan Chase leads an $8 billion high-yield bond offering to finance the leveraged buyout of Electronic Arts, adjusting debt structures amid market volatility.
The Bank of Canada has confirmed that Deputy Governor Rhys Mendes is departing the central bank, while Senior Deputy Governor Carolyn Kozicki is set to retire, marking significant leadership changes.
The Iran conflict has triggered a massive $2.5 trillion bond market wipeout in March, with total debt value falling to $74.4 trillion, marking the worst monthly loss since 2022.
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The U.S. dollar experienced a sharp decline following former President Trump's decision to pause military strikes on Iranian energy assets for a five-day period, impacting global currency markets.
As tax season approaches, Canadians are being cautioned against relying on Google for tax guidance, as search results frequently yield inaccurate U.S.-specific information that does not apply to Canada's tax system.
The Federal Reserve's failure to address supply-driven oil shocks is creating market turmoil, pressuring gold and investments while raising recession risks as policy misalignments intensify.
The Canadian government explores Australia's asset recycling model, where selling state-owned assets to pension funds could generate billions for new infrastructure projects like pipelines and grids.
While tech stocks grab headlines, Canada's Big Six banks have quietly delivered over 80% returns post-COVID, with consistent dividends and regulatory stability making them foundational for portfolios.
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A Laval resident lost nearly $5,000 after her mailbox was glued shut in a credit card fraud scheme, as police issue warnings about escalating mail theft and scams across Quebec.
