Canada’s big banks received billions in support from the federal government and the Bank of Canada during the 2008-09 financial crisis, a report by the Canadian Centre for Policy Alternatives says
Victims of financial fraudster Earl Jones reached the $17-million settlement in their class-action lawsuit with the Royal Bank of Canada, the bank said
Royal Bank said it was surprised to be included in this review and said it believed its inclusion was unwarranted
Finance Minister Jim Flaherty and Bank of Canada governor Mark Carney complain that sweeping reforms under the so-called “Volcker rule” would reach well beyond their intended scope, and beyond borders
Drunk driving laws, government regulations and other highlights from the fourth quarter of 2011
Charles Guay joins Standard Life team from previous post at National Bank of Canada
The Bank of Canada is warning of a global epidemic of contagion spreading from Europe, saying Canada’s economy and financial systems are already being impacted and risks of further damage are elevated
New polymer $100 bill issued. The $50 note will be issued in March 2012. The $20 note will begin circulating in late 2012, followed by the $10 and $5 notes by the end of 2013
“Losing money is part of investing. You don’t expect everything to go up. And taking your loss when you made a mistake is a good idea, not trying to get even before you get out.”
Ottawa will cut in half payroll taxes scheduled to go into effect Jan. 1 that would have raised premiums on workers by 10 cents per $100 of insurable earnings, and 14 cents for firms
The appointment, for a term of three years, was confirmed by G-20 Leaders at their summit in Cannes, France
Royal Bank is just the latest Canadian company to shift its pension system since the last recession struck in 2008 and interest rates dropped, eroding the value of many corporate pension plans
TD chief economist Craig Alexander said the bank expects the U.S. economy to narrowly avoid a recession in the coming quarters, but if the forecast is wrong that could spell trouble for Canada
RBC Economics report finds detached bungalows in Vancouver were especially expensive, with the cost of mortgages payments, utilities and property taxes equivalent to 92.5 per cent of a typical household’s monthly income
“Our focus is on creating the right conditions for more jobs and stronger economic growth,” the minister said
Kanetix survey finds Ontario auto rates increased 6.4 percent from Q2 2010 to Q2 2011; IBC says rates trending at rate of inflation
Royal Bank will book $1.6 billion loss in the transaction
