Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Search results

1-10 results from 1000 for query «banking»

September 10, 2018 12:19 PM Mail disruptions possible by Sept. 26 if Canada Post workers approve strike mandate

“There is no limit as to how long they could hold these vacancies and use temporary employees to cover these positions,” the statement said. The urban offer would also reduce vacation time and eliminate pre-retirement leave for future employees, CUPW said. The union said another offer to rural carriers would not settle key issues including job security 8

August 30, 2018 5:45 PM TD Bank ends Q3 earning season with 12 per cent increase in profit

TD Bank Group wrapped up a bullish third-quarter earnings season for Canada’s biggest lenders on Thursday with a profit of nearly $3.11 billion, a 12 per cent increase from last year that was supported by growth at its U.S. business and a strong domestic economy. “While we continue to see pockets of market uncertainty stemming from the geopolitical climate 12

August 29, 2018 6:24 PM National Bank reports third-quarter profit up 10 per cent from year ago

National Bank chief executive Louis Vachon said it was “another quarter of excellent performance in each business segment thanks to sustained revenue growth and effective cost management.” The bank said its personal and commercial banking group earned $248 million in the third quarter, up from $235 million in the third quarter of 2017. The wealth management 9

August 28, 2018 5:03 PM Scotiabank and Bank of Montreal make advances in productivity push

“We spent over $3.1 billion on technology last year. The number this year will be even higher than that,” Scotiabank CEO Brian Porter said Tuesday in a YouTube video discussing earnings. “That’s really important — to digitize the bank, make it easier for our employees to service our customer base — and with that should come the benefit of lower costs 24

August 27, 2018 6:15 PM Aimia adds new president and chief strategy officer in wake of Aeroplan deal

MONTREAL—Aimia Inc. has named Nathaniel Felsher as president and chief strategy officer, less than a week after announcing a deal to sell its flagship Aeroplan loyalty program to a consortium led by Air Canada. Felsher, who joins Aimia from Deutsche Bank in New York, where he co-headed the firm's aviation corporate and investment banking group, will report 23

August 23, 2018 6:12 PM CIBC’s three-year streak of outpacing rivals on mortgages ends

Mortgage balances rose 2.5 per cent to $208.5 billion ($160 billion) in the fiscal third quarter from a year earlier, the Toronto-based bank said Thursday in announcing earnings that beat analysts’ estimates. That’s the slowest in more than four years and about one-fifth the pace of a year ago. The deceleration ends CIBC’s three-year streak of outpacing 14

August 21, 2018 3:01 PM Aimia accepts Air Canada’s sweetened $450M bid for Aeroplan

A group led by Air Canada agreed to buy Aimia Inc.’s Aeroplan for $450 million in cash, ending a takeover battle for one of Canada’s most popular loyalty programs. Air Canada and its banking partners sweetened their bid for Aeroplan, winning over Aimia’s board and an activist shareholder that was seeking a higher price. Air Canada initially made a $250 million 19

August 15, 2018 9:23 PM New federal holiday will honour residential school survivors

OTTAWA — A new holiday is coming to your calendar, one that will mark the dark legacy of Canada’s residential school system. In its ongoing pursuit of reconciliation with Indigenous peoples, the Trudeau government is consulting First Nations, Métis and Inuit groups to create a new “national day” to honour those who attended the infamous church-run schools 12

June 3, 2018 9:33 PM Should you join your money with your honey?

When the dust settles after the ceremony, reception and second helpings of tiered wedding cakes, newly married couples in Canada must decide whether to join their banking. Technically speaking, so long as the couple works together to achieve their goals as a team, they can do joint or separate banking. But, in my experience, the benefits of combining 22

May 23, 2018 4:05 PM New-home sales in GTA hit 20-year low in April

New construction home sales hit the lowest number for April in over 20 years, says the association that represents home builders. Newly built single-family home prices dropped 5 per cent year over year to $1.15 million, down from about $1.2 million in March. But the benchmark price for condos continued to rise — 29.8 per cent year over year to $739,965, but down month 22