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Canadian Financial News

Fairfax Financial buys insurer Pethealth

Saturday, August 30, 2014 12:00 AM - James Bradshaw, The Globe and Mail

Fairfax Financial Holdings Ltd. has struck a deal to acquire Oakville Ont.-based Pethealth Inc. for $100 million, boosting its bet on the burgeoning pet insurance market.

JPMorgan hack said to start months ago exploiting multiple flaws

Friday, August 29, 2014 12:00 AM - Jordan Robertson and Michael Riley, Bloomberg News

Hackers burrowed into the databanks of JPMorgan Chase & Co. and deftly dodged one of the world’s largest arrays of sophisticated detection systems for months.

CIBC profit rises on investment banking, wealth management

Thursday, August 28, 2014 12:00 AM - Reuters

Canadian Imperial Bank of Commerce reported a higher third-quarter profit on Thursday, helped by strong gains at its wealth management and investment dealer divisions.

TD profit climbs 38% in ‘especially strong’ third quarter

Thursday, August 28, 2014 12:00 AM - Doug Alexander, Bloomberg News

Toronto-Dominion Bank, Canada’s largest lender by assets, said third-quarter profit rose 38 per cent on higher earnings from Canadian consumer lending and investment banking.

British Columbia, Ontario to cooperate on Yuan trading hub

Wednesday, August 27, 2014 12:00 AM - Christopher Donville, Bloomberg

Business leaders in British Columbia and Ontario agreed to cooperate in promoting Canada as a currency trading hub for the yuan.

National Bank of Canada profit rises on capital markets, wealth

Wednesday, August 27, 2014 12:00 AM - Doug Alexander, Bloomberg

National Bank of Canada, the country's sixth-largest lender, reported a stronger quarterly profit on Wednesday, helped by a sharp jump in earnings at its wealth management and financial markets arms.

Solid profits fail to impress Scotiabank, BMO investors

Tuesday, August 26, 2014 12:00 AM - Tim Kiladze, The Globe and Mail

The stock market reaction to the latest batch of Canadian bank earnings suggests solid profits aren’t enough to excite investors any more, a sign that lenders must now demonstrate they can deliver sizable growth to extend their rallies.

BMO earnings rise slightly as growth remains inconsistent

Tuesday, August 26, 2014 12:00 AM - Tim Kiladze, The Globe and Mail

Bank of Montreal’s third-quarter earnings extended a streak of stable profits, but the lender’s bottom line has yet to demonstrate consistent growth.

Scotiabank boosts payout as profit climbs 35% on CI Financial sale

Tuesday, August 26, 2014 12:00 AM - Tim Kiladze, The Globe and Mail

Bank of Nova Scotia’s profit climbed to $2.4-billion in the third quarter, boosted by the sale of a large stake in CI Financial.

RBC hikes dividend as quarterly profit climbs to record $2.4B

Friday, August 22, 2014 12:00 AM - Tim Kiladze, The Globe and Mail

Royal Bank of Canada continued the bull run for Canadian banks, reporting yet another quarter of record profit.

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