Banking

Bank towers are shown from Bay Street in Toronto’s financial district, on Wednesday, June 16, 2010. The long wait for shorter wait times on resolving bank complaints is almost over as part of a raft of updates to banking regulations set to come into force.THE CANADIAN PRESS/Adrien Veczan

New bank rules come into force this month but critics say they don’t go far enough

Rules include reducing liability on lost cards, requiring alerts when balances drop below $100

 

The Bank of Canada building is seen on Wellington Street in Ottawa, on Tuesday, May 31, 2022. The Bank of Canada will outline what it sees as the key vulnerabilities and risks to Canada’s financial system later this morning. THE CANADIAN PRESS/Justin Tang

Bank of Canada says household debt and home prices key risks for financial system

Households have seen net worth increase of about $230,000 over the first two years of the pandemic

 

The Bank of Canada in Ottawa on Wednesday, July 14, 2021. A new report from the Bank of Canada on climate transition risks show Canada’s financial institutions are potentially exposed to significant economic shocks from high-emitting sectors. THE CANADIAN PRESS/Sean Kilpatrick

BoC scenarios show financial sector exposed to potential climate transition shocks

The pilot study isn’t meant as a forecast but considers several climate policy scenarios

 

Governor of the Bank of Canada Tiff Macklem participates in a media availability at the Bank of Canada in Ottawa, on Wednesday, Dec. 15, 2021. THE CANADIAN PRESS/Justin Tang

Federal documents hint at sweeping economic impact from central bank ‘digital loonie’

Central bank met with federal officials over 2020 to gauge the implications of own cryptocurrency

Governor of the Bank of Canada Tiff Macklem participates in a media availability at the Bank of Canada in Ottawa, on Wednesday, Dec. 15, 2021. THE CANADIAN PRESS/Justin Tang
Greenpeace activists stage a demonstration outside a bank in Toronto, as they protest major Canadian bank’s investment in fossil fuels, on Tuesday, December 7, 2021. THE CANADIAN PRESS/Chris Young

Banks offer big climate commitments in 2021, but key details are yet to come

Pressure is mounting as Canadians live through the very real effects of climate change

Greenpeace activists stage a demonstration outside a bank in Toronto, as they protest major Canadian bank’s investment in fossil fuels, on Tuesday, December 7, 2021. THE CANADIAN PRESS/Chris Young
The Canadian flag blows in the wind in the heart of the financial district in Toronto on June 27, 2018. THE CANADIAN PRESS/Tijana Martin

Banking’s shift to cloud gathers steam as pandemic and fintechs spur faster adoption

Move had begun before pandemic but going virtual expedited it

The Canadian flag blows in the wind in the heart of the financial district in Toronto on June 27, 2018. THE CANADIAN PRESS/Tijana Martin
Office towers are photographed in Toronto’s financial district on Wednesday, June 27, 2018. THE CANADIAN PRESS/ Tijana Martin

Banking regulator planning for more frequent volatility ahead in financial sector

The regulator is working to better understand the risks and to increase disclosures

Office towers are photographed in Toronto’s financial district on Wednesday, June 27, 2018. THE CANADIAN PRESS/ Tijana Martin
The Bank of Canada in Ottawa on Wednesday, July 14, 2021. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada names new deputy governor, ‘temporarily’ expanding governing council

Sharon Kozicki will take on the role on Aug. 2 after serving eight years as an adviser

The Bank of Canada in Ottawa on Wednesday, July 14, 2021. THE CANADIAN PRESS/Sean Kilpatrick
A pedestrian walks past The Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada keeps key interest rate target on hold

Today’s announcement points to a recovery some time in the second half of 2022

A pedestrian walks past The Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Canada’s five big banks join anti-hate advertising boycott of Facebook

Canada’s five big banks join anti-hate advertising boycott of Facebook

The Bank of Canada is maintaining its key interest rate at 0.25 per cent, in a June 3, 2020 story. (Photo by THE CANADIAN PRESS)

Bank of Canada keeps key interest rate target on hold at 0.25%

Pandemic impact on economies may have peaked

The Bank of Canada is maintaining its key interest rate at 0.25 per cent, in a June 3, 2020 story. (Photo by THE CANADIAN PRESS)

CWB Financial reports Q2 profit down as provisions for credit losses soar

CWB Financial reports Q2 profit down as provisions for credit losses soar

Laurentian Bank Financial Group reports Q2 profit down, cuts quarterly dividend

Laurentian Bank Financial Group reports Q2 profit down, cuts quarterly dividend

Laurentian Bank Financial Group reports Q2 profit down, cuts quarterly dividend

Laurentian Bank Financial Group reports Q2 profit down, cuts quarterly dividend
Scotiabank reports second-quarter profit, in a May 26, 2020 story. (Photo by THE CANADIAN PRESS)

Scotiabank Q2 profit down from year ago as provisions for credit losses soar

Second-quarter profit reported

Scotiabank reports second-quarter profit, in a May 26, 2020 story. (Photo by THE CANADIAN PRESS)
Bank of Canada’s independence key to aiding post-COVID recovery, Wilkins says

Bank of Canada’s independence key to aiding post-COVID recovery, Wilkins says

Bank of Canada’s independence key to aiding post-COVID recovery, Wilkins says

Bank of Canada’s independence key to aiding post-COVID recovery, Wilkins says
The Bank of Canada will look at the impact of COVID-19 on the national economy, in an April 15, 2020 story. (Photo by THE CANADIAN PRESS)

Bank of Canada set to detail impact of COVID-19, outlook for economy

Announcement coming

The Bank of Canada will look at the impact of COVID-19 on the national economy, in an April 15, 2020 story. (Photo by THE CANADIAN PRESS)
The Canadian Bankers Association says almost 500,000 requests for mortgage deferrals, or to skip a payment, have been completed or are in process, in an April 3, 2020 story. (Photo by THE CANADIAN PRESS)

Mortgage deferrals at big Canada’s big banks pile up, association says

Deferrals allowed up to six months

The Canadian Bankers Association says almost 500,000 requests for mortgage deferrals, or to skip a payment, have been completed or are in process, in an April 3, 2020 story. (Photo by THE CANADIAN PRESS)
Desjardins President and CEO Guy Cormier reads a statement during a news conference in Montreal on June 20, 2019. THE CANADIAN PRESS/Paul Chiasson

Desjardins Group says 2019 theft of 4.2 million members’ data cost $108 million

The costs are mainly related to the package of measures offered to members

Desjardins President and CEO Guy Cormier reads a statement during a news conference in Montreal on June 20, 2019. THE CANADIAN PRESS/Paul Chiasson