CIBC Mobile App and Online Banking Hit by Widespread Outages
Thousands of customers experienced disruptions with CIBC's digital banking platforms, as outage reports surged on Downdetector, highlighting significant service failures.
Category : Banking Finance
Late Payments Surge for Buy Now, Pay Later Loans
A new survey reveals nearly half of Buy Now, Pay Later users have paid late on loans in the past year, with usage increasing for essentials like groceries amid affordability concerns.
Gold Falls on U.S. Hormuz Blockade Inflation Fears
Gold prices declined amid heightened inflation concerns following U.S. President Donald Trump's order to blockade the Strait of Hormuz, disrupting global energy supplies and impacting financial markets.
J.P. Morgan, Morgan Stanley Urge Buying Dips as Earnings Stay Strong
Major investment banks J.P. Morgan and Morgan Stanley are recommending investors purchase stocks during market declines, citing robust U.S. corporate earnings that continue to show resilience despite economic uncertainties.
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IMF Meeting Focuses on Trump's Iran War Economic Impact
World finance chiefs convene at IMF spring meetings with déjà vu feeling as Trump's Iran conflict disrupts global growth forecasts and stability.
Canadian Dollar Dumped from Global Reserves at Record Pace
IMF data shows the Canadian dollar's share of global foreign exchange reserves fell more than any major currency in 2025, with unprecedented quarterly and annual declines.
Bank of Canada to Hold Rates Steady, Paul Beaudry Indicates
Former Bank of Canada deputy governor Paul Beaudry suggests the central bank will likely keep interest rates unchanged in the near term, adopting a cautious wait-and-see approach amid ongoing economic developments.
Testing Munger's Concentration Advice with Canadian Portfolios
Charlie Munger advocated concentrated investing, but most investors should diversify. A test of Canadian value, dividend, and low-volatility portfolios shows concentrated versions beat the market but carry high risk.
What Happens If You Miss Canada's Tax Deadline?
Financial expert Christopher Liew explains the penalties, interest charges, and long-term repercussions taxpayers face when missing Canada's tax filing deadline with the CRA.
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Hidden Credit Risks Emerge in Canadian Financial Data
New analysis reveals concentrated credit challenges beneath positive headline repayment figures, signaling potential financial instability in Canada's economy as debt burdens grow.
B.C. Executive Self-Reports Violations, Pays $25K Penalty
A British Columbia executive has voluntarily reported his own violations of the Securities Act and agreed to pay a $25,000 administrative penalty, according to regulatory filings.
Canada's Economic Update: Jobs, Rates, AI Merger, Financial Alerts
Canada's economy added 14,000 jobs in March with unemployment steady at 6.7%. Economists question rate hike bets, Cohere explores AI merger, and CRA flags family money transfers.
Manitoba Man's Name Used on Fraudulent Cheques
A Winnipeg resident speaks out after his identity was stolen to create fake cheques, highlighting a growing fraud issue and urging others to stay alert to avoid financial loss.
Gold Wavers Amid U.S.-Iran Talks and Fed Rate Cut Expectations
Gold prices swung between gains and losses as traders assessed fragile ceasefire developments ahead of U.S.-Iran negotiations. Meanwhile, bond yields edged higher while the dollar remained stable, with markets still anticipating a Federal Reserve rate cut
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Gold Wavers as Traders Weigh U.S.-Iran Truce Path
Gold prices swung between gains and losses as traders assessed fragile ceasefire prospects ahead of U.S.-Iran talks, while central bank buying and inflation risks influenced market sentiment.
Moody's Downgrades New Brunswick's Economic Outlook
Credit rating agency Moody's has revised New Brunswick's economic outlook from stable to negative, citing concerns over fiscal pressures and demographic challenges.
Economists: Rate Hike Bets Unrealistic as Job Market Stalls
Economists argue that expectations for Bank of Canada interest rate hikes are unrealistic, citing a stagnant job market with only 14,000 positions added in March and ongoing labor slack.
Global Rates Rise After Trump's Iran War Causes Energy Shock
Central banks worldwide face renewed pressure to hike interest rates as Donald Trump's war on Iran threatens Middle East energy production, creating inflationary pressures that could reshape monetary policy across advanced economies.
Investor Lessons on Disaster Pricing and Market Risks
Financial experts analyze six key lessons for investors amid geopolitical tensions, highlighting that not all U.S. market vulnerabilities are priced in despite the popular Buy The Dip mantra.
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CRA May Flag Family Loan Repayments Through Gift Transfers
A prescribed rate loan strategy involving family members could face CRA challenges if repayments originate indirectly from the lender through gifts, potentially triggering attribution rules on investment income.
Mortgage Renewal: When to Stay or Switch Lenders
A TD Bank poll reveals only 40% of mortgage holders shop around at renewal. Expert Robert McLister outlines five scenarios where staying put makes sense and three red flags that signal it's time to switch lenders for better terms.
Canadian Bond Yields Surge: Inflation, Growth, Iran Conflict
Earl Davis of BMO Global Asset Management explains the surge in Canadian bond yields, driven by inflation, economic growth, and geopolitical tensions in Iran creating market volatility.
IMCO's CoreWeave Bet Powers 7.4% Annual Pension Gain
The Investment Management Corporation of Ontario achieved a 7.4% return in 2025, fueled by a $1 billion gain from trimming its AI cloud provider CoreWeave stake, with stock holdings surging 19.1%.
National Bank CEO Eyes Western Growth via LNG and Merger
National Bank CEO Laurent Ferreira highlights the bank's strategic merger with Canadian Western Bank as a gateway to capitalize on Western Canada's economic growth, particularly in LNG and resource sectors.
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BC Residents Fined $3.5M for Pump-and-Dump Stock Fraud
Quebec's financial regulator has imposed $3.5 million in fines on four British Columbians for orchestrating an international pump-and-dump stock fraud scheme involving mining company Solo.
U.S. Dollar Surpasses Canadian Dollar as Top Petrocurrency
The Canadian dollar has lost its petrocurrency status to the U.S. dollar due to structural economic changes and the shale revolution, with recent market movements highlighting this transition.
BMO Launches Institute for Quantum Computing and AI Research
Bank of Montreal establishes new institute to enhance quantum computing and artificial intelligence capabilities, aiming to optimize portfolios and improve anti-money laundering processes.
Dollar Erases 2026 Gains After Iran Ceasefire Saps Haven Demand
The U.S. dollar slumped sharply, erasing its 2026 gains after a ceasefire between Iran and the United States triggered a global relief rally. Traders increased bets on Federal Reserve rate cuts as oil prices tumbled and market volatility eased.
Gold Retreats After Iran Claims U.S. Violated Ceasefire
Gold prices pared earlier gains following statements from Iran's parliament speaker alleging violations of a temporary ceasefire agreement with the United States, impacting global markets.
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Fed Minutes Show Iran War Risks to Economy and Rates
Federal Reserve officials expressed divergent views on interest rates amid Iran war fallout, with concerns about labor market damage and inflation pressures.
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