Treasury Dep't Tells Banks to Flag Iranian Money Laundering
The U.S. Treasury Department has instructed American banks to identify and report suspected money-laundering networks linked to Iran, intensifying financial scrutiny.
Category : Banking Finance
Auto Parts Class Action Deadline: May 12, 2026
May 12 is the deadline to claim in a $50M auto parts price-fixing class action. Lawyer Linda Visser explains eligibility. Check if your car qualifies.
Barrick Pledges US$3 Billion Buyback Before IPO
Barrick Gold Corp. plans to repurchase up to US$3 billion in shares as it prepares to spin off North American assets, aiming to boost investor confidence and close the gap with rival Newmont.
Wall Street Mixed, Oil Jumps on Iran Tensions
Wall Street ended mixed while oil prices surged after President Trump called Iran's response to a peace deal 'unacceptable,' raising geopolitical tensions.
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Hit-and-run in Toronto’s west end leaves 1 injured
A hit-and-run near Queen Street West and Jameson Avenue in Toronto has left one person with serious injuries. Police are investigating.
Two face drug charges after northern Ontario traffic stop
Ontario Provincial Police seized drugs and cash worth over $16,000 in Kirkland Lake, charging a southern Ontario suspect and a local man.
Don't Bet Against the USA: Top American Stocks to Buy
Despite political rhetoric, the US remains the world's best investment destination. Discover quintessentially American stocks like Coca-Cola, McDonald's, and JPMorgan that can boost your portfolio.
Starmer Appoints Gordon Brown as Global Finance Envoy
UK PM Keir Starmer appoints former PM Gordon Brown as special envoy on global finance, aiming to unite Labour after poor local election results and boost defense investment.
Intertek Investors Push for EQT Talks After US$12B Bid
Top investors in Intertek Group are urging the board to engage with EQT after a US$12.1 billion bid, while the company rejects the offer as too low.
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Canada Loses 18,000 Jobs in April; Unemployment 6.9%
Canada's economy shed 18,000 jobs in April, pushing the unemployment rate to 6.9%, according to Statistics Canada. The decline marks a setback for the labor market.
Ex-Mining CEO Charged with Fraud Over Gold Estimates in Ontario
A former mining CEO faces fraud charges from the RCMP for allegedly overstating gold estimates at a northern Ontario mine, misleading investors.
Canada Unprepared for World Cup Betting Rush, Analysis Finds
A new analysis warns Canada's regulated betting market outside Ontario is unprepared for the 2026 FIFA World Cup, with most bets going offshore.
Investors Demand Higher Premiums on Canadian Debt, Costing All
Term premiums on Canadian government bonds hit decade highs, raising borrowing costs for mortgages and businesses. Global factors and fiscal concerns drive the increase.
Investors Demand Higher Returns on Canadian Debt
The term premium on Canadian government bonds has reached a decade high, driven by rising debt and geopolitical risks, pushing up borrowing costs for Canadians.
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All Business Group Members Worried Over DRIP Rollout
A business group reports that 100% of its members are concerned about the implementation of the Disaster Risk Insurance Program (DRIP), citing potential economic impacts.
JPMorgan Tried to Settle Sexual Assault Claims Before Suit
JPMorgan Chase attempted to settle sexual assault allegations prior to a lawsuit, according to a spokesperson. The bank faces scrutiny over its handling of such claims.
Trump Tariff Loss Could Cost US $200 Billion
A potential loss in Trump's tariff lawsuit could force the US to refund businesses more than $200 billion, impacting trade and legal precedents.
Hassett: Credit Card Debt Surge Shows Consumer Strength
Top White House economic adviser Kevin Hassett says rising credit card debt proves U.S. consumers are thriving, sparking widespread mockery on social media.
Bank of Canada Considers Clearer Supply Shock Playbook
The Bank of Canada is evaluating how to respond to supply shocks in its monetary policy framework, focusing on the output gap and inflation targeting amid rising global volatility.
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Trump's Drug Deals Could Save U.S. $529B: White House
The White House claims President Trump's deals with drugmakers will save the U.S. economy $529 billion over a decade through lower drug prices and reduced healthcare costs.
Etobicoke Man Wins $1 Million from Encore
Emanuel C. of Etobicoke won $1 million from Encore, calling his mother in disbelief. The OLG prize adds to a string of recent lottery wins in Ontario.
EQB Wins Approval to Buy PC Financial from Loblaw
Canada's federal finance minister has approved EQB's acquisition of PC Financial from Loblaw, marking a major shift in the banking landscape. The deal is expected to close later this year.
Canada Swings to Trade Surplus for First Time in Six Months
Canada recorded a $1.8 billion trade surplus in March, its first since September 2025, driven by gold and oil exports.
Sun Life Class Action Settlement: Check Eligibility
Find out if you're eligible for a settlement in the Sun Life class action lawsuit. Learn the criteria and how to claim your compensation.
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Ontario resale price cap law frustrates ticket holders
Ontario's new law limiting resale ticket prices frustrates season ticket holders, who feel their ability to profit is unfairly restricted.
GameStop's Cohen Eyes eBay in US$56 Billion Bid
Ryan Cohen, GameStop CEO, has made a US$56 billion offer for eBay, aiming to replicate his activist investing strategy on a larger scale.
GameStop's eBay Bid Revives 'Highly Confident' Letter Tactic
GameStop uses a non-binding 'highly confident' letter from TD Bank for US$20B debt financing in its US$56B eBay takeover, echoing Drexel-era tactics.
OLG: $5M Lotto 6/49 Ticket Sold in Stoney Creek
A Lotto 6/49 ticket worth $5 million was sold in Stoney Creek, Ont. The winner has not yet come forward. OLG also announced other winning tickets and a new soccer-themed scratch game.
Mexico's Banks Issue Millions of Unwanted Cards
Despite a booming fintech sector, over half of debit cards in Mexico remain unused. Cash dominates daily transactions, driven by distrust and a large informal economy.
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Lottery Wins Across Ontario Include Kitchener Ticket
Multiple lottery wins across Ontario, including a ticket sold in Kitchener, have been announced by the OLG. Check your numbers to see if you're a winner.
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