CIRO Hearing for Michael MacDonnell Set for June 15
The Canadian Investment Regulatory Organization announces an initial appearance for Michael Jordan MacDonnell over allegations of client fund misappropriation and non-cooperation.
Category : Banking Finance
Bank of Canada Likely to Hold Rates on Weak Growth
Economists predict the Bank of Canada will maintain its policy rate at 2.25% for a fifth consecutive meeting, citing weaker-than-expected GDP data and economic uncertainty.
Canada's Trade Surplus Hits $2.7B in April, Largest in Over a Year
Canada posted a $2.7 billion trade surplus in April, the largest since January 2025, driven by record-high exports of $75.2 billion led by energy products.
Four Charged in Windsor Impaired Driving Incidents
Windsor police charged four people with impaired driving after incidents including unconscious drivers, collisions, and a police pursuit over the weekend.
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Bank of Canada Not Rushing to Support Housing Markets
Royce Mendes of Desjardins Group discusses the Bank of Canada's upcoming rate decision, emphasizing the central bank's reluctance to respond quickly to housing market weakness.
Vail Resorts Q3 Fiscal 2026 Results and Guidance Update
Vail Resorts reported Q3 fiscal 2026 net income of $314.4M, down from $389.7M, and updated fiscal 2026 guidance with reduced expectations due to unfavorable weather.
S&P/TSX Surges Over 250 Points, US Markets Rise
Canadian and U.S. stock markets rose sharply on Monday, with the S&P/TSX composite gaining over 250 points, driven by broad-based gains across sectors.
Economists Say Ignore Market Bets on BoC Rate Hikes
Economists argue markets overestimate the chance of Bank of Canada rate hikes amid soft economic data and a technical recession.
Economists Say to Fade Bank of Canada Rate Hike Bets
Most economists expect the Bank of Canada to hold rates steady at 2.25% this year, contrary to market expectations of hikes. They cite soft economic data and a technical recession.
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Hedge Funds Buy Half of Canada's Bonds: A Warning
Hedge funds now purchase 40-50% of new Canadian government bonds, a shift from 5-10% a decade ago. This leverage-driven demand poses risks if yield curve dynamics change, potentially impacting borrowing costs and liquidity.
Marvell Technology to Join S&P 500, Shares Jump 6%
Marvell Technology will join the S&P 500 index, sending shares up 6% after hours. The chipmaker's AI-fueled rally and profitability cleared the way for inclusion.
Variable-Rate Borrowers Unfazed by Lower Rate Cut Hopes
Strong job data reduces rate cut chances, but variable-rate mortgage demand remains high, especially among insured borrowers.
Manulife Announces Preferred Shares Conversion Results
Manulife Financial Corporation reported conversion results for its Class 1 Preferred Shares Series 3 and 4, with automatic conversion of remaining Series 4 shares.
Wall Street Slips as Big Tech Stocks Fall
Stock markets slipped on Wall Street as big tech companies declined, with the Dow and S&P 500 both falling. Investors eye economic data and Fed policy.
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Canada Adds 88,000 Jobs, Unemployment Falls to 6.6%
Statistics Canada reports 88,000 jobs added in May, lowering unemployment to 6.6%. Job gains across sectors signal economic resilience amid global uncertainties.
Manulife ETF Capital Gains Distributions Announced
Manulife Investments has revealed estimated annual reinvested capital gains distributions for its ETF series of Corporate Class Funds, payable June 23, 2026.
Canada's $2.4T Debt: $240K Per Family
Terence Corcoran breaks down Canada's $2.4 trillion government debt, equating to $60,000 per person or $240,000 for a family of four, amid PM Carney's economic claims.
Apple Retains Top Global Brand, TD Bank Leads in Canada
Apple remains the world's most valuable brand at $607 billion, while TD Bank tops Canadian brands. Social media power drives brand value, per Tradingpedia report.
Lululemon Q1 net income $195M, cuts 2026 outlook
Lululemon reported US$195 million in net income for the first quarter but downgraded its 2026 outlook, citing market challenges and shifting consumer trends.
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PBO sees Bank of Canada rate rising to 2.75% by 2027
Canada's Parliamentary Budget Officer forecasts the Bank of Canada will hold rates steady through 2026, then gradually raise them to 2.75% by end of 2027 as inflation returns to target.
CIRO Sanctions Sanjeev Tejpal for Unsuitable Fund Sales
The Canadian Investment Regulatory Organization sanctioned Sanjeev Kumar Tejpal for unsuitable mutual fund recommendations, imposing a $20,000 fine and $5,000 in costs.
Mega IPOs Like SpaceX, Anthropic, OpenAI Reshape Index Investing
As SpaceX, Anthropic, and OpenAI prepare for IPOs, index investing faces new challenges. Float-adjusted indexes adapt to ensure disciplined representation amid trillion-dollar valuations.
Canaccord CEO Reports Strong Quarterly Results
Canaccord Genuity CEO Dan Daviau discusses the company's strong quarterly performance, market outlook, and key financial highlights in an interview with BNN Bloomberg.
S&P/TSX composite up over 350 points on financial gains
Canada's main stock index climbed more than 350 points on Thursday, led by strength in the financial sector, as investors reacted to economic data and corporate news.
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Coastal GasLink Eyes $1B Bond Sale in Two Parts
Coastal GasLink is preparing a two-part bond sale to raise C$1 billion, with tranches maturing in 11.25 and 19 years, to finance pipeline operations.
CIBC Gets TSX Nod for New Share Buyback of Up to 30M Shares
CIBC announces TSX approval for a new normal course issuer bid to repurchase up to 30 million common shares, representing about 3.3% of outstanding shares, starting June 8, 2026.
European Shares Rise, Asian Markets Retreat After US Rally Pauses
European shares climbed while Asian markets retreated after US stocks paused their record-breaking rally, amid mixed economic signals and trade uncertainties.
Jury Verdict in Windsor Drug Trafficking Trial
A Windsor jury has reached a verdict in the drug trafficking trial of Shawn Evon. Closing arguments were heard earlier, with details from CTV Windsor's Michelle Maluske.
B.C. Regulator Fines Mining Firm Over Misleading Report
The B.C. Securities Commission has fined a mining company for issuing a false or misleading report. The penalty underscores regulatory efforts to ensure transparency in the mining sector.
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Manitoba Trade Rep: US Tariff Uncertainty Key Business Challenge
Manitoba's trade representative says U.S. tariff uncertainty is the biggest challenge for businesses, as trade tensions continue to impact the province's economy.
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