Churchill Removed from UK Banknotes in Currency Change
Winston Churchill will be phased out from British five-pound notes as part of a broader redesign, marking a significant shift in the nation's currency representation.
Category : Banking Finance
Calls Grow to End Politically Motivated De-banking in Canada
As the U.S. and U.K. implement measures against de-banking, Canada faces criticism for inaction on banks denying services based on political views, with concerns over ideological targeting of industries and activists.
Gen Z's Financial Nihilism Fuels Risky Investment Trends
A concerning trend of financial nihilism is pushing Generation Z Canadians toward high-risk investing strategies like meme stocks and crypto, driven by economic pessimism and housing unaffordability.
Federal Rules Cap NSF Fees at $10 Starting Thursday
Starting this Thursday, new federal regulations will limit non-sufficient funds fees to a maximum of $10 per transaction, providing financial relief for consumers across Canada.
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Loto-Quebec Eyes $1.5B Profit Again This Year
Loto-Quebec anticipates achieving a $1.5-billion profit in 2026, continuing its strong financial performance from previous years, as reported by The Canadian Press.
Audit Watchdog Finds Major Issues at Big Four Firms in Canada
The Canadian Public Accountability Board's annual review reveals significant findings at all four major accounting firms, with KPMG showing the highest rate of issues at over 20% of inspected files.
82 Canadians on Forbes 2026 Billionaires List
Forbes' 2026 billionaires list features 82 Canadians among a record 3,428 global billionaires, led by Changpeng Zhao, Stuart Hoegner, and other notable figures from crypto, media, and energy sectors.
Pandemic Reversed Canada's Wealth Gap Growth: TD Report
A TD Bank report shows Canada's wealth gap contracted 5% from 2019-2023, with bottom 40% households seeing 76% net worth surge. Younger households gained significantly.
Scotiabank CEO Pay Rises 28% to $13.2 Million
Scotiabank increased CEO Scott Thomson's total compensation by 28% to $13.2 million in fiscal 2025, driven by a substantial bonus and strategic successes in North America.
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JPMorgan Restricts Private Credit Lending After Markdowns
JPMorgan Chase is limiting lending to private credit funds after marking down software company loans, signaling stress in the $1.8 trillion industry as Jamie Dimon warned of more 'cockroaches' surfacing.
TSX Down 100 Points, U.S. Markets Mixed
The S&P/TSX composite index fell by nearly 100 points, while U.S. stock markets displayed a mixed performance, reflecting ongoing economic uncertainties and global market volatility.
OPTrust Pension Fund Earns 4.2% Return in 2025
The Canadian pension fund manager OPTrust has announced a solid 4.2% return on investments for the 2025 fiscal year, demonstrating resilience amid global economic volatility and energy market uncertainties.
TD Paid Ex-CEO $3M for Compliance Advice Amid $3.1B Fines
Toronto-Dominion Bank compensated former CEO Bharat Masrani $3 million in 2025 for advising on anti-money laundering remediation, as the bank faced $3.1 billion in U.S. fines.
UK Banknotes to Feature Wildlife Instead of Historic Figures
The Bank of England announces new banknote designs featuring native wildlife like hedgehogs and badgers, replacing historical figures such as Winston Churchill and Jane Austen after public consultation.
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B.C. Company Funded Mortgages Without Registration
A Vancouver-based company illegally funded 47 mortgages over six years despite lacking proper registration, raising concerns about regulatory oversight in the financial sector.
SEC and CFTC Coordinate Enforcement and Examinations
Wall Street regulators SEC and CFTC announce enhanced coordination on enforcement actions and examinations to eliminate duplicative efforts and reduce confusion for financial firms operating under both agencies' jurisdictions.
Goeasy Shares Dive 39% as Auto Loan Troubles Surface
Canadian subprime lender Goeasy Ltd. suspended its dividend and withdrew its outlook after announcing a $233 million write-off on consumer loans, with shares plunging 39% in Toronto trading.
Ontario Pension Plan Posts 7.7% Net Return for 2025
The Healthcare of Ontario Pension Plan reported a robust net return of 7.7% for 2025, highlighting strong investment performance amid economic fluctuations.
Goeasy Shares Plunge 39% on Auto Loan Troubles
Canadian subprime lender Goeasy Ltd. saw its shares drop 39% after suspending its dividend, withdrawing its outlook, and writing off $233 million in loans. The company is reducing new auto loans and cutting costs amid rising charge-off rates.
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Ontario Teachers' Pension Hits 6.7% Return, Assets at $279.4B
The Ontario Teachers' Pension Plan achieved a 6.7% return in 2025, growing its net assets to $279.4 billion, showcasing strong investment performance.
Bill Ackman Files for Combined IPOs of Pershing Square and New Fund
Billionaire investor Bill Ackman has filed for combined initial public offerings of Pershing Square Capital Management and a new fund, marking a significant move in the financial sector.
Ontario Teachers' Pension Plan Posts 6.7% Return in 2025
The Ontario Teachers' Pension Plan achieved a 6.7% return in 2025, though it missed its benchmark due to losses in real estate and private equity. Net assets grew to $279.4 billion.
B.C. Public Sector Spending to Rise $16B Over Four Years
British Columbia's public sector wage spending is projected to increase by over $16 billion in the next four years, adding pressure to a record $13.3 billion deficit as unions negotiate new contracts.
OTPP Posts 6.7% Return in 2025, Misses Benchmark
The Ontario Teachers' Pension Plan reported a 6.7% return for 2025, with gains in public equities and venture growth, but faced setbacks in real estate and private equity, missing its benchmark.
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Government Taxes Shape Behavior: From Dad Tax to Window Tax
Drawing parallels between family dynamics and historical tax policies, this analysis explores how taxation influences behavior with unintended consequences, from British Columbia to centuries-old British examples.
Gold Drops as Oil Surge Sparks Interest Rate Fears
Gold prices fell as rising oil prices fueled inflation worries, potentially leading to higher interest rates. Despite recent gains, the precious metal faces pressure from a stronger dollar and geopolitical tensions in the Middle East.
BOE Inflation Risk Hits 5% from Iran War, Rate Bets Shift
The Bank of England confronts UK inflation potentially soaring to 5%, double its target, due to Middle East conflict-driven oil price spikes, forcing traders to reverse interest rate cut expectations.
Counterfeit Currency Surge in B.C. Raises Alarm
British Columbia faces a significant rise in counterfeit currency incidents, prompting concerns from law enforcement and financial institutions about economic impacts and public safety.
Iran War Shifts Rate Outlook, Hikes Expected in Canada
The conflict in Iran has dramatically altered global interest rate expectations, with investors now fully pricing in Bank of Canada rate hikes by 2026 and increased bets for earlier increases.
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U.S. Stock Futures Point to Negative Open
Futures markets indicate a lower opening for U.S. stocks, influenced by global declines and geopolitical tensions. This follows a trend of volatility in financial markets.
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