However, the bank and insurer surtax remains at 1.5% for profits over $100M
From a new role to a retirement, several industry veterans are making changes
The combined business will operate as TD Cowen, a division of TD Securities
Tighter financial conditions to hit emerging markets in second half
Risks tilted to the downside, even as positive rating action outpaced negative in Q2
No major bank has committed to end financing for new oil and gas exploration
Banks likely to build loan-loss provisions as economic uncertainty grows
Systemic stress looks low as global monetary conditions tighten
The Bank of Canada said interest rates will need to rise further to reduce the highest inflation in decades
Prudential measures may be relaxed once again if global slump deepens