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Canadian Financial News

Canadian banks: Tortoise or hare?

Thursday, August 21, 2014 12:00 AM - Marie Alcober, BNN.ca staff

In his latest preview on the Canadian banks called ‘For Now, Still More Tortoise than Hare’ John Aiken, Director of Global Research at Barclays breaks down what investors should expect from The Big Six ahead of earnings season.

Bank of America settles mortgage probes for $16.65B

Thursday, August 21, 2014 12:00 AM - Reuters

Bank of America Corp. has reached a $16.65-billion settlement with U.S. regulators to settle charges that it misled investors into buying troubled mortgage-backed securities.

Time to head to the banks: Andrew McCreath

Monday, August 18, 2014 12:00 AM - Matt Switzer, producer, BNN

Canadian banks earning season is set to begin, and the numbers are expected to be good.

Sustained rally expected to boost Big Six banks’ bottom lines

Sunday, August 17, 2014 12:00 AM - Tim Kiladze, The Globe and Mail

Even the skeptics are giving up. Canada’s biggest banks are on a roll, and very little in the current landscape seems capable of slowing them down.

TD’s Mendonca named ‘TopGun’ analyst of the year

Friday, August 15, 2014 12:00 AM - Jeff Lagerquist, BNN.ca staff

Coverage of six banks and five insurance companies at Canaccord Genuity, many of them ranking in the top 20 companies by market cap, had to be briefly halted because Mario Mendonca left the firm for TD Securities. A year later, Medonca is receiving a different type of career affirmation as Brendan Wood International (BWI) named him Canada’s TopGun Analyst of the Year for his coverage of banks and insurance issuers Thursday.

Canada’s big banks posting stagnant growth in insured mortgages

Wednesday, August 13, 2014 12:00 AM - Tara Perkins, The Globe and Mail

Canada’s largest banks, as a whole, have seen almost no growth in their insured mortgage portfolios recently, Macquarie Capital Markets analyst Asim Imran discovered.

Financial fraud regulation lacks national strategy, group argues

Monday, August 11, 2014 12:00 AM - Janet McFarland, The Globe and Mail

Canada needs a national strategy to combat financial fraud, including a centralized system to collect data on fraud complaints and investigations,according to new report by investor advocacy group FAIR Canada.

Manulife hikes dividend as profit triples

Thursday, August 07, 2014 12:00 AM - Reuters

Manulife Financial Corp. said on Thursday its second-quarter profit more than tripled due to a stronger performance by investments and other market-related factors, and Canada’s biggest life insurer raised its dividend for the first time since 2009.

Bank of America raises dividend for first time in 7 years

Wednesday, August 06, 2014 12:00 AM - Tanya Agrawal, Reuters

Bank of America Corp. said it would increase its quarterly dividend to 5 cents per shares from 1 cent per share, its first dividend hike in seven years.

Portugal to rescue troubled bank using bailout money

Tuesday, August 05, 2014 12:00 AM - Sergio Goncalves, Reuters

Portugal’s central bank said on Sunday it decided to rescue troubled lender Banco Espirito Santo in a €4.9-billion recapitalisation to be pumped into the healthy part of the bank that will be separated from its compromised assets.

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