Canadian banks’ funding is stable despite losses since SVB failure
Banks have lower exposure to fixed-income securities and sufficient liquidity, DBRS says
- By: IE Staff
- March 20, 2023 March 20, 2023
- 13:35
Latest news in Industry News
Banking complaints agencies report record numbers for 2022
OBSI, ADR Chambers report double-digit increase in case openings
- By: The Canadian Press
- March 17, 2023 March 17, 2023
- 15:36
Inflation is easing but Ottawa faces pressure to help those who have fallen behind
Watch federal budget for cost-of-living measures: Desjardins’ Jean
- By: Nojoud Al Mallees, Canadian Press
- March 17, 2023 March 17, 2023
- 15:27
Markets slump Friday as investors grapple with banking fallout, rate uncertainty
Big banks don’t necessarily have same problem as regional banks: Mackenzie CIO
- By: Rosa Saba, The Canadian Press
- March 17, 2023 March 17, 2023
- 15:19
Canadian investors shy away from foreign stocks
Outflows from foreign securities hit $16.2 billion in January, StatsCan reported
- By: Mark Burgess
- March 17, 2023 March 17, 2023
- 12:20
Parent of Silicon Valley Bank seeks bankruptcy protection
SVB Financial Group evaluates “strategic alternatives” for SVB Capital and SVB Securities
- By: Michelle Chapman, The Associated Press
- March 17, 2023 March 17, 2023
- 10:56
Big U.S. banks create $30B rescue package for First Republic
The California-based bank serves a similar clientele as did failed Silicon Valley Bank
- By: Ken Sweet, The Associated Press
- March 16, 2023 March 16, 2023
- 16:50
Experts, banks in U.S. look for ideas to stop next bank failure
Tougher regulations are a key focus
- By: Ken Sweet, Paul Wiseman, The Associated Press
- March 16, 2023 March 16, 2023
- 16:18
Pressure on financial system means more volatility ahead
Strategists take a defensive portfolio stance
- By: IE Staff
- March 16, 2023 March 16, 2023
- 15:36
ECB backs big rate hike despite bank chaos
The European Central Bank said it's monitoring current market tensions closely
- By: David Mchugh, The Associated Press
- March 16, 2023 March 16, 2023
- 11:32
Bank fears spread to Europe, drag down shares of big lenders
Credit Suisse dropped 24% on SIX, chairman defends “strong balance sheet”
- By: Jamey Keaten, The Associated Press, David Mchugh, The Associated Press
- March 15, 2023 March 15, 2023
- 14:32
U.K. Treasury chief predicts no recession in Britain this year
Amid historic inflation and hospital strikes, financial advisor says Hunt “needs to remain boring and predictable”
- By: Danica Kirka
- March 15, 2023 March 15, 2023
- 11:42
Canadian home sales drop 40% in February compared with year ago
Sales rose 2.5% month over month, average home costs $662,437: CREA
- By: The Canadian Press
- March 15, 2023 March 15, 2023
- 11:15
TD CEO pay edged closer to top spot in 2022
Most executives' compensation beat their target pay
- By: Michelle Schriver
- March 14, 2023 November 21, 2023
- 18:06
Are bank boards meeting their racial justice pledges?
Half of the Big Six have committed to racial equity audits in response to engagement from activist shareholders
- By: Melissa Shin
- March 14, 2023 October 27, 2023
- 17:10
Fed criticized for missing red flags before bank collapse
SVB was highly susceptible to depositors quickly withdrawing their money at the first sign of trouble
- By: Christopher Rugaber, The Associated Press, Fatima Hussein, The Associated Press
- March 14, 2023 November 21, 2023
- 15:30
Industry groups call for changes to RRIF rules
The Finance Department is studying RRIFs in response to a House of Commons motion
- By: Rudy Mezzetta
- March 13, 2023 March 13, 2023
- 16:58
Silicon Valley Bank collapse presents low risk for Canadian sector: analysts
Canadian banks are much less exposed to the technology sector
- By: Ian Bickis, The Canadian Press
- March 13, 2023 March 13, 2023
- 14:54
Canadian industry singing praises of Inflation Reduction Act as federal budget nears
The legislation offers about $375 billion in tax credits to help the U.S. clean energy industry
- By: Amanda Stephenson, Canadian Press
- March 13, 2023 March 13, 2023
- 14:43
Canaccord directors opposed to takeover bid resign
The firm appointed Terrence Lyons as director and member of the committee evaluating the bid
- By: Mark Burgess
- March 13, 2023 March 13, 2023
- 11:12
OSFI seizes assets of Toronto branch of Silicon Valley Bank
Peter Routledge stressed that SVB in Canada does not take deposits from Canadians
- By: The Canadian Press
- March 13, 2023 March 13, 2023
- 09:23
QAFP exam writers drop to 25 in February
The trend of fewer test takers follows the 2022 introduction of a post-secondary prerequisite
- By: Michelle Schriver
- March 10, 2023 March 10, 2023
- 16:22
Silicon Valley Bank seized by FDIC as depositors pull cash
SVB was the 16th largest bank in the U.S., holding $210 billion in assets
- By: The Associated Press
- March 10, 2023 March 10, 2023
- 14:00
Canada’s 2023 federal budget coming March 28
Finance Minister Chrystia Freeland this week stressed fiscal restraint so as not to work against efforts to tame inflation
- By: Nojoud Al Mallees, Canadian Press
- March 10, 2023 March 10, 2023
- 13:19
Sustained jobs growth could push BoC to raise rates again, economists warn
Canada added 22,000 jobs in February, no change to 5% unemployment rate
- By: Nojoud Al Mallees, Canadian Press
- March 10, 2023 March 10, 2023
- 12:06