Bank of Canada

3 Smart Things You Can Do With $1,000 Right Now

$1,000 is just a figure. You can build up to that amount with however much money you end up saving in a month — with a bonus that you receive from …

Personal Finance

Bank of Canada Study Finds Double Spending in Blockchain is ‘Unrealistic’

The Bank of Canada (BoC) has published a study on the “incentive compatibility” of blockchain technology this week, finding that double spending is …

Blockchain

Wells Fargo May Not Have Been The Only Bank Making Fake Accounts

You know about Wells Fargo creating fake accounts to pump up their numbers but did you know they are not alone in that practice?The post Wells Fargo …

Wells Fargo

Did Canada Gain 100,000 Jobs Or Lose 28,000? Employment Data Is All Over The Map

Nobody really knows what's going on in Canada's job market right now. That's a problem for policymakers.<p>The latest report on the health of Canada's …

Labor Economics

Fiat Chrysler replaces ailing CEO Marchionne with Jeep boss Manley - Article - BNN

{{ currentBoardShortName }}<p>Markets<br>• Indices<br>• FX<br>• Energy<br>• Metals<br>• Live<p>{{data.symbol | reutersRICLabelFormat:group.RICS}}<p>{{data.netChng | number: 4 …

Business (Canada)

‘A very unprecedented situation’: CIBC’s Benjamin Tal on where the trade war, interest rates, home prices, and markets are heading next

Economic health is the foundation for earnings growth for many industries and companies. The economy is the engine that can fuel corporate profitability and strong stock market returns.<p>Given the flat returns in the S&P/TSX Composite Index year-to-date, The Globe and Mail recently spoke with …

Business (Canada)

Metro Vancouver homebuyers face unintended consequences of mortgage stress testing rules

In Metro Vancouver, where the gap between incomes and home values makes the region an unaffordable outlier in North America, buyers are especially …

Canadian News

How OfficeMax's former CEO lost more than $4 million, thanks to Wells Fargo's investment advice

Wells Fargo’s wealth management unit has been ordered to pay $8.6 million in damages and fees to a client — the former chief executive of retailer OfficeMax — who lost millions of dollars in risky Puerto Rico bonds recommended by his financial advisor.<p>Sam Duncan, the former CEO of both the office …

Finance

Dollar Rally Ends With Trump Monetary Policy And Currency War Comments

The USD fell against major pairs on Friday after US President Donald Trump tweeted that China and the EU manipulate their currency. Trade war …

Business

Former RBC trader and whistleblower wins tribunal case after complaint over ‘box-ticking’ compliance

Royal Bank of Canada wrongly dismissed a former trader for sounding an alarm about what he considered a culture of “box-ticking” with regards to compliance policies, according to a sharply worded ruling from a U.K. employment tribunal.<p>John Banerjee was RBC’s head of emerging market foreign exchange …

The City

Kids Help Phone extending Live Chat hours to 24-hours a day nationwide this summer

Kids Help Phone is expanding its online chat services in an effort to reach more Canadian youth and council them through their preferred manner of …

Edmonton

DIARY-Top Economic Events to Sept. 27

© Reuters. DIARY-Top Economic Events to Sept. 27<p>July 21 (Reuters) -<p>For other diaries, please see:<p>Top Economic Events<p>M/DIARY<p>Emerging Markets Economic …

Bank of Japan

Canada's Cost Of Living Rises At Fastest Pace In More Than 6 Years, Statistics Canada Says

Accelerating inflation makes another interest rate hike likelier.<p>OTTAWA — The country's annual inflation rate rose to 2.5 per cent in June as …

Money (Canada)

Canadians feel little pain of rate hikes: so far

OTTAWA (Reuters) - Canadian consumers are feeling little pain from four rate hikes by the Bank of Canada, despite all warnings to the contrary, with most escaping higher monthly mortgage costs, others priced out of home buying altogether, and many enjoying income gains.<p>Data released on Friday …

Canadian Real Estate

FACT CHECK: Has Trudeau turned a roaring economy into slow simmer?

OTTAWA -- "Justin Trudeau inherited a booming economy, but he's squandering it. His uncontrolled spending and tax hikes is making life harder for …

Canada

Royal Bank Should Be Able To Offset Weak Mortgage Growth In Canada

Investment Thesis<p>Royal Bank of Canada (RY) [TSX:RY] is one of the two largest banks in Canada in terms of assets. The bank faces the challenge of a …

Business

Canadian dollar rises against soft U.S. counterpart on robust data

The Canadian dollar rose against a broadly weak U.S. dollar on Friday after strong inflation and retail sales data reinforced expectations for another interest rate hike by the Bank of Canada this year.<p>The loonie posted its largest one-day gain versus the U.S. dollar in three weeks.<p>Canada’s annual …

Business (Canada)

Dollar Bulls Learn the Meaning of Complacency

President Donald Trump has made betting on a stronger dollar perhaps the riskiest trade in global markets. The Bloomberg Dollar Spot Index was pushing toward its highest level since last July on Thursday until Trump told CNBC in an interview that “our currency is going up, and I have to tell you it …

Stock Markets

JP Morgan Chase Patents an ICO-Like System for Tokenized Stock Trading

JP Morgan Chase, a major investment bank and financial services provider, is turning to blockchain technology once again. A patent describing their …

Blockchain

JPMorgan Wants to Use Blockchain to Issue ICO Tokens

Advertisement<p>American investment banking giant JPMorgan Chase is pursuing a patent for a distributed system that uses blockchain technology to issue …

Initial Coin Offering

CANADA STOCKS-TSX edges lower as U.S.-China trade clash escalates

© Reuters. CANADA STOCKS-TSX edges lower as U.S.-China trade clash escalates<p>July 20 (Reuters) - Canada's main stock index declined on Friday on …

Business (Canada)

Canadian dollar jumps on strong inflation, retail reports

Canadian dollar gains 1.2% against the U.S. dollar after Canadian economic reports show faster-than-expected inflation and a retail rebound in …

Business

FX trader put on ‘naughty step’ by RBC wins dismissal case - Article - BNN

Money (Canada)

BRIEF-Fitch Affirms Canada's Ratings At 'AAA'; Outlook Stable

© Reuters. BRIEF-Fitch Affirms Canada's Ratings At 'AAA'; Outlook Stable<p>July 20 (Reuters) - Fitch:<p>* FITCH AFFIRMS CANADA'S RATINGS AT 'AAA'; OUTLOOK …

Canada

How to place the best odds on where asset prices are going, a TFSA legal battle, and why Fairfax could soon be a buy

We had an interesting discussion in the newsroom this week about Bank of Canada policy and its potential to shape the future of domestic economic growth and interest rates. These topics can be theoretically fascinating but they no longer have anything to do with my portfolio strategy. For that, I …

Business (Canada)

USD/CAD Holds Rising Trend Line: Bulls Eye This Level

Last week, we highlighted how USD/CAD saw a momentary bout of weakness (loonie strength) after the Bank of Canada raised interest rates before …

Trading

Bonds Behaving Badly

There are a couple of basic rules bond investors can depend on. The first is that bond prices fall when interest rates rise, and vice-versa. The …

Business

How Adekunle Gold went from being the ‘King of Photoshop’ to Africa’s newest pop star

exclusive<p><b>Singer Adekunle Gold went from being the ‘King of Photoshop’ to Africa’s newest and hottest pop star in a matter of few years by grabbing</b> …

Entertainment (UK)

Brakes off as yuan plunges to one-year low

China's yuan slumped to a one-year low as the central bank showed little sign of intervening to slow the currency's descent and bets for monetary …

News (Hong Kong)

USD/CAD - Canadian Dollar Steadies Ahead Of Key Consumer Data

The Canadian dollar has posted slight gains in the Friday session. Currently, USD/CAD is trading at 1.3240, down 0.22% on the day. On the release …

Trading