Banks face growing threat of climate litigation
Lawsuits, rising regulatory, reputation risk could accelerate economic transition
- By: James Langton
- March 15, 2023 March 15, 2023
- 15:46
Top Stories in News
Corporate defaults set to rise into 2024: Moody’s
Russia, China drove surge in defaults last year
- By: James Langton
- March 15, 2023 March 15, 2023
- 15:04
Court dismisses challenge to raising retirement age
Decision upholds lower court ruling in favour of pension plan, trustees
- By: James Langton
- March 15, 2023 March 16, 2023
- 14:40
Bank fears spread to Europe, drag down shares of big lenders
Credit Suisse dropped 24% on SIX, chairman defends “strong balance sheet”
- By: Jamey Keaten, The Associated Press, David McHugh, The Associated Press
- March 15, 2023 March 15, 2023
- 14:31
Thanks to foreign assets, pensions gained in Q3
Canadian bonds and equities down, offset by funds' offshore holdings, StatsCan reports
- By: James Langton
- March 15, 2023 March 15, 2023
- 14:16
G20 growth tumbled in Q4, OECD reports
Fallout from China's pandemic policy sabotaged output
- By: James Langton
- March 15, 2023 March 15, 2023
- 14:02
U.K. Treasury chief predicts no recession in Britain this year
Amid historic inflation and hospital strikes, financial advisor says Hunt “needs to remain boring and predictable”
- By: Danica Kirka, The Associated Press
- March 15, 2023 March 15, 2023
- 11:42
Canadian home sales drop 40% in February compared with year ago
Sales rose 2.5% month over month, average home costs $662,437: CREA
- By: The Canadian Press
- March 15, 2023 March 15, 2023
- 11:16
TD CEO pay edged closer to top spot in 2022
Most executives' compensation beat their target pay
- By: Michelle Schriver
- March 14, 2023 March 14, 2023
- 18:11
SRO panel laments remote hearing challenges
Panel concluded that rep was participating in proceeding anonymously
- By: James Langton
- March 14, 2023 March 14, 2023
- 18:03
Are bank boards meeting their racial justice pledges?
Half of the Big Six have committed to racial equity audits in response to engagement from activist shareholders
- By: Melissa Shin
- March 14, 2023 March 14, 2023
- 17:10
Unemployment stubbornly low, OECD reports
Jobless rates remain near record lows amid still-tight labour markets
- By: Staff
- March 14, 2023 March 14, 2023
- 13:00
U.S. inflation eases but stays high, putting Fed in tough spot
The Fed may get some unintentional help in its inflation fight from the aftereffects of the SVB collapse
- By: Christopher Rugaber, The Associated Press
- March 14, 2023 March 14, 2023
- 12:19
Yellen says bank situation stabilizing, different from 2008
Treasury Secretary said more rescue efforts could be necessary to prevent contagion
- By: Fatima Hussein, The Associated Press
- March 21, 2023 March 21, 2023
- 15:29
Inflation in Canada continues to slow, reaffirming BOC’s rate pause
The 5.2% reading in February marked the largest deceleration since April 2020
- By: The Canadian Press
- March 21, 2023 March 21, 2023
- 13:38
Finance Minister outlines priorities as pre-budget week kicks off
The government will show more fiscal restraint as part of efforts to rein in inflation
- By: The Canadian Press
- March 20, 2023 March 20, 2023
- 16:42
NB budget raises health-care spending by 10%
The finance minister noted the province has moved from a struggling economy to one dealing with challenges that come with growth
- By: Hina Alam, The Canadian Press
- March 21, 2023 March 21, 2023
- 13:58
Banks lobby for higher deposit insurance limit ahead of federal budget
A coalition wants a review of the $100,000 limit that hasn't changed since 2005
- By: Mark Burgess
- March 21, 2023 March 21, 2023
- 13:38
Canaccord appoints former Ontario finance minister to board amid takeover tussle
New appointments come a week after four board members opposed to the takeover resigned
- By: Mark Burgess
- March 21, 2023 March 21, 2023
- 12:25
What’s new from fund manufacturers
CC&L has an international equity fund while eight RBC funds are now available in ETF versions
- By: Greg Meckbach
- March 10, 2023 March 10, 2023
- 11:33
Digital bank fined by FINTRAC
WealthOne paid $676,500 penalty amid compliance lapses
- By: James Langton
- March 6, 2023 March 6, 2023
- 16:40
Canadian ETF inflows topped $4B in February with high-interest savings leading
Money-market ETFs gained nearly $1.4 billion while technology, commodities and crypto saw redemptions
- By: Greg Meckbach
- March 3, 2023 March 3, 2023
- 16:28