BMO Targets 15% Return on Equity via Wealth and U.S. Growth
The Bank of Montreal has set an ambitious goal to achieve a 15% return on equity by focusing on growth in its wealth management division and expanding its U.S. business operations.
Category : Banking Finance
Hedge Investments Against Stock Market Volatility
Greg Taylor, CIO at PenderFund Capital Management, discusses how investors are reducing risk and finding value in turbulent markets, offering insights for portfolio management.
Wall Street Bonuses Hit Record $49.2 Billion in 2025
New York's financial sector saw bonuses surge 9% to an unprecedented $49.2 billion in 2025, according to the state comptroller, highlighting robust industry performance amid economic shifts.
U.S. Banking Deregulation Sparks Regulatory Race Concerns
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.
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Fidelity Beats Lawsuit Over Fees in $439B Money Market Fund
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.
Fed Reports Narrowed $19.6 Billion Loss for 2025
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
Trump Fights to Keep JPMorgan Lawsuit in Florida
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.
Trump Fights to Keep JPMorgan Lawsuit in Florida Court
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 Gains as Traders Weigh Ceasefire Talks and Market Factors
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.
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Public Stocks Boost Canada's Pensions as Private Equity Lags
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.
Swiss Bank Falls in Venezuela-Iran Money Laundering Scandal
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.
Market Bets vs Economists on Bank of Canada Rate Hikes
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.
Bank CEO Pushes Keystone XL Revival, Eastern Energy Plan
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.
Bank Regulator Warns of Global Upheaval Risks to Financial System
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.
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Canadian Household Net Worth Reaches Record High in 2023
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.
Paris Offices Raided in Epstein-Linked Diplomat Probe
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.
Goeasy Wins Debt Relief After Auto Loan Losses
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.
BMO and CME Launch Tokenized Cash for 24/7 Trading
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 Raises S&P 500 Target to 7,650 for 2026
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.
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Bank of Canada Replaces Departing Deputy Governors Internally
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.
C.D. Howe's 'Big Bang' Tax Reform Plan for Canada
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.
Canada's Tax Errors: Sweden Fixed Them Decades Ago
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.
Ford Government's Debt Management Criticized in New Study
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.
Ex-Bank Manager Gets 26 Months for Mortgage Fraud
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.
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JPMorgan's $8B Junk Bond Sale for EA Buyout
JPMorgan Chase leads an $8 billion high-yield bond offering to finance the leveraged buyout of Electronic Arts, adjusting debt structures amid market volatility.
Bank of Canada Deputy Governor Mendes Leaving, Kozicki to Retire
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.
Bonds Lose $2.5 Trillion in Iran War Selloff, Mirroring 2022
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.
Dollar Dives as Trump Halts Iran Strikes for Five Days
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.
Canadians Warned: Avoid Google for Tax Advice
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.
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Fed's Oil Shock Blind Spot Threatens Gold and Economy
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.
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