Finance (Canada)

Man who robbed bank 60 years ago returns to scene of crime for a meal, glass of champagne

Boyne Johnston walked out of the Imperial Bank of Canada in Ottawa where he worked as a chief teller with about $260,000 in October 1958.<p>Johnston, then in his 20s, reportedly took the money from a safe on a Friday, knowing other workers typically missed counting cash on that day of the week. He put …

World News

Annual inflation rate jumped to 3.0% in July: StatsCan

OTTAWA — Higher gasoline prices helped push the country’s annual inflation rate in July to its highest reading since September 2011, Statistics …

Bank of Canada

The Cost of Living in Canada Just Got Markedly Higher

But the good news is that wages seem to be rising faster than the price of goods and services.<p>Canada’s inflation rate has risen to its highest level since 2011 — the cost of living went up by a good three percent in July, driven primarily by higher gasoline prices, airline tickets and tourism, …

Economics

Canadian dollar gains as accelerating inflation raises rate hike prospects

NEW YORK (Reuters) - The Canadian dollar gained against its U.S. counterpart on Friday after the country's annual inflation rate accelerated by more than expected, increasing prospects that the Bank of Canada might raise interest rates next month.<p>Canada's annual inflation rate rose 3 percent in …

Business (Canada)

Ontario debt sale breaks record after post-election absence

Canada’s most indebted province sold $3.65 billion (US$2.8 billion) of bonds in a return to debt markets after a longer-than-usual break following a …

Investing (Canada)

Benjamin Smith is new CEO of Air France-KLM, unions worried

PARIS (AP) — Air France-KLM has named Benjamin Smith, formerly a top executive at Air Canada, as its new CEO, sparking union fears Friday that he would cut back on wages and work conditions.<p>The company announced Thursday that Smith, 46, who was previously Air Canada's chief operating officer, will …

Business

Remember inflation? It’s back to haunt us

TORONTO — You remember the Consumer Price Index, right? If not, time to reacquaint yourself. The indicator is newsy again.<p>The CPI rose three per cent …

Bank of Canada

Agenda

8:00am<p>9:00am<p>Research indicates that women are better communicators, stronger relationship-builders and receive higher ratings from clients than their …

Investing (Canada)

Canada's inflation rate rises to 3%, highest level since 2011

The inflation rate rose in every province in July, according to Statistics Canada. (Yuya Shino/Reuters)<p>Canada's inflation rate rose to its highest …

Canadian News

Energy prices lift Canada annual inflation higher

Energy prices lift Canada's annual inflation rate to 3.0% in July from 2.5% in June, compared to the forecast of 2.5%.<p>Core inflation ticked 0.1% …

Business

Dollar slides, headed for first weekly loss in a month

The U.S. dollar looked listless on Friday, sliding against a handful of its major rivals but rallying against some emerging markets amid worries over …

Business

Hedge Funds Lighten Up on the FANGs

Amazon.com aside, the FANGs appear to be losing luster with big hedge funds. Those stocks—Facebook, Amazon, Netflix, and Google’s parent …

Business

Air Canada asks for finance ministry approval to form insurance company

Air Canada is seeking finance ministry approval to form its own life insurance company as a gateway to the annuities market and a hedge against looming pension payouts.<p>A spokesperson says the airline aims to shore up pension risks by buying annuities from Canadian insurers and reinsuring the fixed …

Air Canada

Stocks in Toronto close higher, inflation report helps boost Canadian dollar

TORONTO — Canada's main stock index closed higher in broad-based gains, while the loonie climbed higher after a stronger-than-expected reading of …

Business (Canada)

China Seen Strengthening Yuan as Trade Talks With U.S. Loom

China appears to be propping up the yuan just as it prepares to restart trade negotiations with the U.S.<p>After falling to a one-year low, the offshore …

China

RBC whistleblower protections under FCA scrutiny | Financial Times

Whistleblower protections at Royal Bank of Canada are under scrutiny by the UK’s Financial Conduct Authority, after a former trader at the bank won …

Whistleblowers

Wall Street surges on news of trade progress

The S&P 500 and the Dow Jones Industrial average extended earlier gains and the Nasdaq turned positive on Friday on reports of potential progress in easing trade tensions between the United States and its trading partners.<p>“Any conversations we have with China to come up with a deal and any …

Stock Markets

Streetwise newsletter: Wealthsimple launching zero-commission trading platform; A second look at the valuation of the Canopy deal

<i>Here are the top reads on deals and financial services over the last 24 hours:</i><p><b>Discount brokers</b>: Wealthsimple Inc., Canada’s largest robo-adviser, is infiltrating the discount brokerage business with the launch of a new trading platform that will allow investors to buy, sell and track stocks and …

Business (Canada)

IFIC wants you to behave better on this key topic

The behaviour of investment dealers, advisors, and fund managers relating to disclosure practices is the subject of a new initiative.<p>IFIC has …

Investing (Canada)

Turkey: Saved By The Bell

Turkish policymakers have bought themselves some time but caution reigns as the White House keeps the pressure on and S&P gets set to downgrade …

Consumer Price Index

Trump asks SEC to study 6-month corporate reporting instead of quarterly

President Donald Trump said he’s asked the Securities and Exchange Commission to study ending quarterly reporting for U.S. businesses in order to …

Donald Trump

FOREX-Dollar retreats as prospect of China-U.S. trade talks soothe nerves

FOREX-Dollar retreats as prospect of China-U.S. trade talks soothe nerves<p>* China, U.S. to hold lower-level trade talks in late August<p>* Lira resumes …

Andrew Brunson

Foreign buyers have pretty much disappeared in Metro Vancouver’s real estate market

House for sale in Vancouver/Shutterstock<b>Foreign buyers disappear</b>The latest property transfer data from the B.C. Ministry of Finance, released at the …

Canadian Real Estate

Wealthsimple Unveils Canada's First Zero-Commission Stock Trading Service

One of Canada’s premier fintech darlings has a new service aimed at bringing stock trading to younger generations.<p>Wealthsimple has launched a new …

ETFs

S&P completes review of Canadian bank resolution regime

Latest news In Research and Markets<p>North American stock markets rebound<p>Dow surges nearly 400 points<p>By: Ian Bickis<p>August 16, 2018<p>17:30<p>Australian bank …

Investing (Canada)

Manufacturing sales rise 1.1% in June, boosted by oil and coal

Canadian manufacturing sales rose more than expected in June, boosted by a 16% surge in oil and coal shipments. Statistics Canada said Thursday …

Business (Canada)

Canada shares higher at close of trade; S&P/TSX Composite up 0.58%

© Reuters. Canada shares higher at close of trade; S&P/TSX Composite up 0.58%<p>Investing.com – Canada equities were higher at the close on Friday, as …

Stock Markets

CRA insiders say Canada’s tax system helps rich avoid paying taxes: study

Canada’s tax system may be skewed towards helping the rich avoid paying taxes, and according to Canada Revenue Agency employees themselves, it may …

Canada

U.S. housing starts up slightly in July in face of high costs

U.S. housing starts ticked up just 0.9% in July, a sign that higher construction costs might be weighing on homebuilders. The Commerce Department …

Investing (Canada)

Dealers may narrow offerings in response to regulatory proposals

siraanamwong/123RF<p>The Canadian Securities Administrators’ proposed client-focused reforms that introduce higher requirements for market conduct — …

Investing (Canada)