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»

February 15, 2018 2:57 PM Home sales fall 14.5% from December to January, the lowest level in 3 years: CREA

The drop means home sales have reached their lowest level in three years despite being on par with the 10-year monthly average. Canadian home sales fell 14.5 per cent between December and January, marking the lowest sales level in three years as the housing market was hit last month by a double whammy of tighter mortgage rules and lending rate hikes 5

January 18, 2018 7:11 PM BMO financing deal with Canopy Growth marks policy shift for Canadian banks

Canopy Growth, Canada's largest licensed pot producer, announced the $175-million deal with BMO and GMP Securities on Wednesday. The Bank of Montreal’s participation in a major financing deal for licensed cannabis producer Canopy Growth marks a big policy shift for Canada’s biggest banks, which may be warming up to the cannabis sector. Canopy, Canada’s 18

January 17, 2018 6:49 PM Loblaw, CRA face off in court in $404-million dispute over tax avoidance allegations

The Canadian Revenue Agency alleges the grocery giant is using its Barbadian banking subsidiary in order to circumvent tax rules. Loblaw Companies Ltd. and the Canada Revenue Agency faced off in a Toronto court today, the latest in an ongoing battle involving allegations that the grocery giant’s Barbadian banking subsidiary was misused for tax avoidance 17

January 15, 2018 1:36 PM U.K. construction company Carillion’s collapse puts 43,000 jobs worldwide at risk

Carillion Plc filed for compulsory liquidation after failing in a last-ditch effort to shore up finances and get a government bailout. Carillion Plc, a U.K. construction company with government contracts in everything from hospitals to the HS2 high-speed rail project, filed for compulsory liquidation after failing in a last-ditch effort to shore up finances 14

December 5, 2017 12:59 PM Scotiabank offer to buy share of Chilean bank gets green light

TORONTO -- Scotiabank says its offer to buy a sizeable stake in a Chilean bank for $2.9 billion has been accepted. The Canadian bank says Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) agreed Tuesday to sell its 69.19 per cent stake in BBVA Chile and its interests in certain subsidiaries. Scotiabank (TSX:BNS) says it intends to merge BBVA Chile with its existing 20

November 30, 2017 11:46 AM CIBC's Q4 net income up 25 per cent from year ago to cap record annual profit

TORONTO -- The Canadian Imperial Bank of Commerce reported a 25 per cent jump in net income to $1.16 billion in its latest quarter on strong domestic earnings and better-than-expected performance in the U.S. after acquiring a Chicago-based bank. CIBC (TSX:CM) said Thursday its net income for the three months ended Oct. 31 amounted to $2.59 per diluted 25

November 28, 2017 1:44 PM Scotiabank profit tops $2B in fourth quarter

Scotiabank posted fourth-quarter earnings of $2.07 billion or $1.64 diluted earnings per share for the three months ended Oct. 31, up from $2.01 billion or $1.57 during the same time last year. For the year as a whole, profit topped $8.2 billion, a record for the lender. The quarter was helped by Scotiabank's Canadian and international banking business 15

November 7, 2017 3:42 PM Senate committee backs new sanctions targeting North Korea

WASHINGTON -- A Senate committee has unanimously approved legislation that imposes sanctions on Chinese banks and other financial institutions if they're found to be helping North Korea evade existing penalties from the U.S. and UN Security Council. The Senate Banking, Housing and Urban Affairs Committee voted 23-0 to pass the bill named for Otto Warmbier 31

November 7, 2017 10:00 AM 'A joke': Some TD customers say e-transfers still down a week later

Problem with TD's banking website persists despite assurances it's been fixed Some TD Canada Trust customers are still having problems with e-transfer payments several days after the bank announced the issue has been resolved. Starting Oct. 29, many TD customers couldn't send or receive electronic payments. The bank said the problem wasn't widespread 30

November 2, 2017 11:01 AM Toronto home sales see sharp rebound after short slump

Home sales climbed 12 per cent in the Toronto area in October over September, marking the biggest month-over-month growth in sales since the city saw its overheated housing market hit a sales peak in March. The Toronto Real Estate Board said 7,118 homes were sold in the Greater Toronto Area in October, a 12-per-cent increase in sales from September but a decline 21