Canada’s five big banks join anti-hate advertising boycott of Facebook [UPDATED]
Scotiabank, RBC, CIBC, BMO and TD have pledged to stop purchasing ads on the site for the month.
COVID-19 impact felt by 81% of Canadian small business owners: CIBC
One-in-three business owners worry about the viability of their business over the next year, poll finds
Bank breaches highlight rise of cyber threats as new exploitation strategies emerge
BMO and CIBC-owned Simplii were apparently targeted.
US lawsuit alleges 6 Canadian banks manipulated an interest rate benchmark
BMO, Bank of Nova Scotia, CIBC, National Bank of Canada, Royal Bank of Canada, TD named in the action.
Canada takes its softwood lumber complaint to the WTO
This step prepares the way to establishing a panel for litigating the dispute.
Quota-based softwood lumber deal in August possible: analyst
Would reduce Canada’s share of the US market to 28% over several years from its 31.9% share last year.
Some of Canada’s big banks back away from marijuana industry
Scotiabank, RBC say their decision to cancel existing relationships with marijuana-related business are the result of risk management procedures.
Subdued business outlook for the next year: Bank of Canada
Poll reveals scant improvement in new orders compared to last year; energy slump blamed.
Baby boomers to inherit $750B in the next 10 years: CIBC
Looming bequests to impact economy, housing market and exacerbate wealth inequality.
Non-energy investment to boost manufacturing sector: CIBC
Low loonie to stimulate investment in machinery and equipment spending.
BoC holds key interest rate as Ottawa preps for fiscal boost
Decision comes as the federal government claims its budget will include big-ticket spending to give the economy a boost.
More Canadians looking at investing outside of the country
41% investing for retirement will invest mainly outside Canada, 15% in emerging markets.
Canadians hoarding a record $75B in extra cash: CIBC study
Nervousness over market volatility keeping Canadians from taking the investment plunge.
BMO joins chorus of economists predicting interest rate cut
Lower interest rates for variable rate mortgages, lines of credit and other loans could boost consumer spending.
Canada’s big banks predict rocky economy this year
Lower oil prices will continue to drag on performance.