Monday, August 2, 2021

National Bank reports $801M second-quarter profit, beats expectations

May 28, 2021 7:31 am MONTREAL — National Bank of Canada beat expectations as it reported a second-quarter profit of $801 million, more than double compared with a year ago...

Banks face questions about deploying cash as they ease up on reserve-building

May 27, 2021 2:51 pm TORONTO — After a year of building up reserves to protect themselves from customers who may default on loans, banks are starting to consider how...

Mortgage refinancing starting to cool from pandemic highs: TD Bank

May 27, 2021 2:46 pm TORONTO — The COVID-19 pandemic caused a flurry of consumers to refinance their mortgages as new, low interest rates were offered, but TD Bank Group...

RBC CEO wants policy-makers to tackle lack of housing supply pushing up prices

May 27, 2021 8:46 am TORONTO — Royal Bank of Canada's chief executive says he supports the federal government's efforts to cool the country's real estate market, but feels it's...

Economic boost coming in the back half of 2021, if vaccination stays effective: CIBC

May 27, 2021 7:46 am TORONTO — The chief executive of Canadian Imperial Bank of Commerce is expecting the country to soon experience an economic boost as more people become...

TD Bank reports $3.7B second-quarter profit, tops expectations

May 27, 2021 7:31 am TD Bank Group beat expectations as its second-quarter profit more than doubled compared with a year ago and the bank recovered some of its provisions...

New stress test may moderate housing, push buyers to seek more affordable homes: BMO

May 26, 2021 10:01 am TORONTO — BMO Financial Group says recent changes to mortgage stress test rules and the cooling of prices and sales in some regions may moderate...

BMO Financial Group beats expectations, reports $1.3-billion Q2 profit

May 26, 2021 7:16 am TORONTO — BMO Financial Group beat expectations as it reported its profit in its latest quarter nearly doubled compared with a year ago when the...

Federal bank regulator proposes tightening test for uninsured mortgages

April 8, 2021 3:11 pm OTTAWA — The federal banking regulator is proposing increased requirements to the stress test facing homebuyers with uninsured mortgages as it looks ahead to a...

Feds should be ‘cautious,’ avoid overstimulation with upcoming budget, RBC CEO says

April 8, 2021 2:07 pm TORONTO — The head of the Royal Bank of Canada says the federal government should be cautious about overspending in its forthcoming budget. "We don't want...

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Asian markets lower on virus worries after Wall Street slips

August 2, 2021 10:31 pm BEIJING (AP) — Asian stock markets followed Wall Street lower on Tuesday as jitters about the fast spread of the...

Nicaragua party lists presidential candidate despite arrests

August 2, 2021 9:41 pm MANAGUA, Nicaragua (AP) — A conservative coalition registered a former leader of the 1980s Contra rebels Monday as a presidential...

Report details dramatic hot-air balloon crash in New England

August 2, 2021 9:31 pm PIERMONT, N.H. (AP) — A preliminary report released Monday details how three passengers were able to radio for help and...