Gold Bugs Right on Price, But Bank Conspiracy Theory?
Gold bugs accurately predicted gold hitting US$5,000 per ounce, but now claim big banks manipulate prices through futures trading, sparking renewed debate.
Category : Banking Finance
RBC Closing University of Ottawa Campus Branch
Royal Bank of Canada announces closure of its branch on University of Ottawa campus in February 2026, affecting students and staff banking services.
Nasdaq Fast Entry Rule Aims to Speed Up Large Listings
Nasdaq has proposed a new 'fast entry' rule designed to expedite the inclusion of significant new listings, potentially streamlining market access for major companies.
Gold Rebounds Above $5,000 After Historic Pullback
Gold prices climbed over 2.9% on Wednesday, rebounding above US$5,000 per ounce as dip buyers entered the market following a significant retreat from record highs. The precious metal remains up approximately 17% for the year despite recent volatility.
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Gold Gains on U.S.-Iran Tensions, Safe-Haven Bid
Gold extended its rally Wednesday after its largest daily gain in 17 years, as investors sought safety amid escalating U.S.-Iran geopolitical tensions, driving prices higher.
Neo Financial Raises $68.5M to Expand Lending in Canada
Calgary-based fintech Neo Financial raised $68.5 million from over 100 investors, far exceeding expectations. The funding will enable the company to expand lending to Canadians and access securitization markets for growth.
Counterfeit $50 Bills Circulating in Nova Scotia
The Nova Scotia RCMP reports a significant increase in counterfeit $50 bank notes circulating across the province, urging residents and businesses to remain vigilant.
Find Out If You Have an Unclaimed Government Cheque
The Canadian government holds 3.9 million uncashed cheques. Learn how to search for unclaimed funds and secure your money with simple steps.
Montreal Seeks NATO Military Bank Hosting Role
Montreal is positioning itself as a candidate to host a proposed NATO financial institution dedicated to funding defense and military technology projects across the alliance.
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Find Unclaimed Government Cheques in Canada
Learn how Canadians can search for and claim any of the 3.9 million uncashed government cheques, including tax refunds and benefit payments, that remain outstanding.
Neo Financial Gains AIMCo, Northleaf as Investors
Calgary-based fintech firm Neo Financial announces a significant equity investment from Alberta Investment Management Corporation and Northleaf Capital Partners, marking a key milestone for the Canadian financial technology sector.
TSX Surges 200+ Points, Gold Approaches US$5,000
Canada's main stock index, the S&P/TSX composite, experienced a significant rally, climbing more than 200 points. This surge coincides with gold prices nearing the US$5,000 per ounce threshold once again, highlighting a strong day for resource and financi
Canadian Pensions Seek Shelter from U.S. Market Turbulence
Major Canadian pension funds are expanding investments in Europe and Asia to reduce exposure to U.S. dollar volatility and political uncertainty under the Trump administration.
Dollar Disorder: A Wake-Up Call for Global Investors
The U.S. dollar's recent volatility as the world's primary reserve currency signals a pivotal moment for international investors, prompting a reassessment of global financial strategies.
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Gold's Biggest Daily Gain Since 2008 as Investors Step In
Gold prices surge dramatically, marking their largest single-day increase since the 2008 financial crisis, as investors capitalize on a recent steep selloff to buy the precious metal at lower prices.
Global Markets Surge Led by Japan, South Korea Records
Global stock markets, including the S&P/TSX composite, rose broadly as Japan and South Korea hit record highs, signaling a strong market rebound and renewed investor confidence.
BMO Fined $4M for Overcharging on Discounted Plans
The Bank of Montreal has been penalized $4 million by a financial watchdog for systematically overcharging customers enrolled in discounted banking packages, highlighting ongoing consumer protection concerns.
Canada Net Lender to U.S. for Ninth Straight Year
Despite trade tensions, Canada remains a net lender to the United States for the ninth consecutive year, with significant portfolio investment flows in 2025.
Morningstar DBRS Leads in Canadian Bond Ratings Shopping
Morningstar DBRS issues higher credit ratings than competitors in Canada, raising concerns about market risks as single-rated bond deals surge in 2025.
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Scotiabank Backs New Multinational Defence Bank
The Bank of Nova Scotia becomes the second major Canadian financial institution to support the new Defence, Security and Resilience Bank, signaling a shift in how Canadian banks view defence sector financing.
Vanguard Cuts Average Fee to 0.06% in Latest Round
Vanguard Group has reduced fees across 84 mutual fund and ETF share classes, lowering its average asset-weighted expense ratio to just 0.06% and saving investors approximately $600 million over two years.
Canadians Hold $2B in Uncashed Federal Cheques
Documents reveal Canadians are sitting on approximately $2 billion in unclaimed federal cheques, highlighting a significant financial oversight by the public.
Nova Scotia's Finances Downgraded by Credit Agency
A major credit rating agency has downgraded Nova Scotia's financial outlook, citing increased government spending and rising debt levels as key concerns for the province's economic stability.
Barrie Scam Alert: Fraudsters Posing as Investigators
Barrie police issue warning about sophisticated scam where criminals impersonate fraud investigators to steal personal information and money from unsuspecting victims.
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Warsh's Fed Balance Sheet Goals Face Major Challenges
Kevin Warsh, nominee for Federal Reserve Chair, advocates for reducing the central bank's massive asset holdings, but experts warn the process is fraught with economic risks and implementation difficulties.
Gold's Brutal Selloff: Buy or Bail?
Gold prices have experienced their most severe decline since the 1980s, with volatility now surpassing Bitcoin. Analysts debate whether this represents a buying opportunity or signals further losses ahead.
Gold, Silver Fall on CME Margin Hike
Precious metals gold and silver extended their declines after the CME Group raised margin requirements, prompting a wave of selling among investors and traders.
Intesa Sanpaolo's 2026-2029 Business Plan Revealed
Intesa Sanpaolo has presented its comprehensive 2026-2029 Business Plan, focusing on sustainable profitability, strong capital returns, and expansion of advisory networks across Europe.
Trump's Fed Pick Warsh Faces Inflation Views Scrutiny
President Trump's nominee for Federal Reserve chair, Kevin Warsh, is under fire for past inflation warnings during the Great Recession and perceived political alignment with Trump's low-rate agenda.
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Carney, Macklem Congratulate Warsh on Fed Nomination
Former Bank of Canada governor Mark Carney and current governor Tiff Macklem have extended congratulations to Kevin Warsh following his nomination to lead the U.S. Federal Reserve, highlighting the importance of central bank independence.
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