CIBC
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Bank breaches highlight rise of cyber threats as new exploitation strategies emerge
BMO and CIBC-owned Simplii were apparently targeted.
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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.
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Canada takes its softwood lumber complaint to the WTO
This step prepares the way to establishing a panel for litigating the dispute.
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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.
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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.
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Subdued business outlook for the next year: Bank of Canada
Poll reveals scant improvement in new orders compared to last year; energy slump blamed.
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Baby boomers to inherit $750B in the next 10 years: CIBC
Looming bequests to impact economy, housing market and exacerbate wealth inequality.
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Non-energy investment to boost manufacturing sector: CIBC
Low loonie to stimulate investment in machinery and equipment spending.
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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.
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More Canadians looking at investing outside of the country
41% investing for retirement will invest mainly outside Canada, 15% in emerging markets.
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Canadians hoarding a record $75B in extra cash: CIBC study
Nervousness over market volatility keeping Canadians from taking the investment plunge.
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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.
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Canada’s big banks predict rocky economy this year
Lower oil prices will continue to drag on performance.
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Canadians slightly less confident in finances heading into 2016
Alberta, hard hit by trouble in the oilpatch, is now the least positive region in the country.
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Canada must tailor post-secondary programs to boost growth: CIBC head
Victor Dodig believes eventual growth will be driven by tech-savvy entrepreneurs for all sectors of the economy.
