UAE Firm Sues Lebanon Over $1.7B Losses
A major UAE conglomerate announces legal action against Lebanon to recover $1.7 billion in investment losses, escalating international financial disputes.
Category : Banking Finance
Advisory Firms Support Laurentian Bank's Fairstone Deal
Leading proxy advisory firms recommend Laurentian Bank shareholders approve the acquisition of Fairstone Bank, citing strategic benefits and financial growth potential.
BMO Replaces Air Miles with Blue Rewards Program
BMO Financial Group announces the replacement of Air Miles with Blue Rewards, converting existing points automatically while ending the Shell partnership as the gas station joins Scene+.
Bank of Canada Expected to Hold Interest Rate Steady
The Bank of Canada is widely anticipated to keep its key interest rate unchanged at 2.25% on January 28, with economic data and trade tensions weakening the case for future hikes.
Trump's JPMorgan Lawsuit Escalates Wall Street Clash
Former President Donald Trump's legal action against JPMorgan Chase underscores a deepening rift with major financial institutions, reflecting broader political and economic tensions.
Bank of Canada Expected to Keep Rate Steady This Week
The Bank of Canada is widely anticipated to maintain its key interest rate at the current level during this week's announcement, with analysts suggesting it could remain unchanged throughout 2026.
New Harvest ETFs Use Options for High Income in Volatile Markets
Harvest ETFs launches HPYB and HPYE, innovative funds combining covered calls and put strategies to generate high, regular income while offering market exposure, appealing to investors in Canada's challenging economic climate.
Las Vegas Casino Accepts Canadian Dollars at Par
Dan Stevens, CEO of Circa Resort and Casino in Las Vegas, introduces a unique initiative to accept Canadian dollars at a 1:1 exchange rate with U.S. currency, inspired by his Detroit upbringing.
Bank of Canada Rate Decision & China Auto Partnership
Analysis of economic data ahead of Bank of Canada rate decision, plus insights on Canada-China strategic partnership's impact on auto industry and EV imports.
Investors Criticize Canada's Holiday Inflation Data Release
Statistics Canada plans to release crucial inflation data on February 16, when most financial markets are closed for a holiday, raising concerns about market distortions and foreign investor advantages.
Investors Quietly Exit U.S. Assets, Fueling EM and Gold Boom
Emerging markets, currencies, and gold are experiencing a significant rally as geopolitical tensions and diversification flows reduce reliance on U.S. assets, with record inflows into EM funds.
ECB, WTO Heads Push Back on Carney's Bleak Worldview at Davos
European Central Bank President Christine Lagarde and WTO Director-General Ngozi Okonjo-Iweala countered Mark Carney's pessimistic assessment of global relations at Davos, highlighting enduring economic ties and system resilience despite disruptions.
Gold Nears $5,000 Amid Dollar Weakness and Geopolitical Risks
Gold prices approach $5,000 per ounce, driven by a weaker U.S. dollar, Federal Reserve independence concerns, and escalating geopolitical tensions, with silver and platinum also hitting record highs.
Daily Market Analysis: Real Estate, Semiconductors, Oil
The Globe and Mail's Scott Barlow presents a comprehensive market roundup covering real estate investor trends, semiconductor opportunities, and potential heavy oil market disruptions.
Global Order Evolving, Not Breaking, Say Finance Chiefs
Top financial leaders assert the world order is undergoing transformation rather than collapse, following Mark Carney's recent comments at the World Economic Forum.
Carney Counters Trump's Claim on Canada's Economic Reliance
Mark Carney, former Governor of the Bank of Canada, has publicly refuted Donald Trump's statement that Canada 'lives' because of the United States, highlighting Canada's independent economic strength.
Cash App Green: Rewards Program for Flexible Earners
Cash App Green is a new rewards program offering cash back, overdraft protection, and savings interest for users who meet monthly spending or deposit thresholds.
Montreal Man Wanted for Alleged Bank Impersonation Fraud
Toronto police are seeking a 20-year-old Montreal man for multiple fraud offences, including posing as a bank employee to commit credit card fraud, amid a broader news roundup.
Credit Card Rate Caps: Expert Warns of Consequences
While capping credit card interest rates might offer short-term relief for Canadian consumers, experts warn it could trigger a chain reaction of unintended economic consequences.
Sell America Strategy: Financial Retaliation Risks
Analysis of potential coordinated sell-off of U.S. Treasuries by allies in response to Trump's economic pressure, exploring market volatility and global financial implications.
Trump Sues JPMorgan for $5B Over Alleged Political Bias
Former U.S. President Donald Trump has initiated a $5 billion lawsuit against JPMorgan Chase, claiming the bank closed his accounts due to political motivations, a move with potential implications for financial institutions and political figures.
Trump Sues JPMorgan Chase for $5B Over Debanking Claims
Former President Donald Trump has filed a $5 billion lawsuit against JPMorgan Chase and CEO Jamie Dimon, alleging the bank closed his accounts for political reasons after he left office in 2021.
Ex-Moraviantown Employee in $600K Cheque Fraud Case: OPP
Ontario Provincial Police investigate a former Moraviantown First Nation employee for allegedly depositing $600,000 in fraudulent cheques, highlighting financial oversight concerns.
Why You Could Be 'Debanked' by Your Bank
Financial institutions in Canada can close accounts for various reasons, from suspicious activity to policy changes. Learn what 'debanking' means and how to protect yourself.
Montreal Planner Fined $100K for Misusing Client Funds
A Montreal financial planner has been fined $100,000 by regulators after admitting to misappropriating client funds. The case highlights ongoing concerns about financial advisor misconduct.
B.C. Securities Commission Finds Four Men, Company Liable for 'Pump and Dump'
The British Columbia Securities Commission has ruled that four individuals and a company are responsible for a 'pump and dump' stock manipulation scheme, marking a significant enforcement action against market misconduct.
Trump Sues JPMorgan, Dimon for $5B Over Debanking Claims
Former U.S. President Donald Trump has filed a $5 billion lawsuit against JPMorgan Chase and CEO Jamie Dimon, alleging the bank terminated his accounts for political reasons. The complaint includes claims of trade libel and breach of good faith.
Ontario Teachers' Pension Moves Cash to Public Markets
The Ontario Teachers' Pension Plan is redirecting capital into public markets after selling private assets, while reducing exposure to U.S. dollars and treasuries amid economic concerns.
Credit Card Rate Caps Could Backfire, Experts Warn
Canadian financial experts caution that capping credit card interest rates could lead to reduced lending and credit access for consumers, despite potential short-term relief.
Bank of America CEO Excluded from Trump Davos Reception
Bank of America CEO Brian Moynihan was excluded from a Donald Trump reception at Davos, marking the second time he's been snubbed by the White House amid tensions over debanking allegations.
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