Canadian Banks

Moody's Downgrades Canada's Big Six Banks Over Consumer Debt Worries

HuffPost Canada | Daniel Tencer | Posted 05.11.2017 | Canada Business

"Continued growth in Canadian consumer debt and elevated housing prices leaves consumers, and Canadian banks, more vulnerable to downside risks."

Canadian Banks Defend Themselves Over Illegal Sales Allegations

CP | Alexandra Posadzki, The Canadian Press | Posted 04.04.2017 | Canada Business

"We're proud of the bank. We're proud of our employees. We've got very sound sales practices."

Why TD Bank Is Losing Me As A Customer After 30 Years

David Martin | Posted 03.17.2017 | Canada Business
David Martin

Unlike the Big Five, Canada Trust made every effort to make banking convenient for its customers. Their branches opened early and often stayed open well into the evening hours. Plus they were open Saturdays. Now, cracks are starting to appear in the solid, customer-friendly edifice that once was TD Canada Trust.

Spotlight On TD's Selling Tactics Threatens To Unravel Its Brand

Robert Waite | Posted 03.13.2017 | Canada Business
Robert Waite

TD, for those who may have missed it, has been the subject of a series of CBC stories in which "hundreds" of employees and former employees allege they were being pressured to "squeeze" customers to improve the bank's revenues and profitability.

Ottawa, Canadian Banks Bet Big On Small Business

CP | The Canadian Press | Posted 03.09.2017 | Canada Business

The move is meant to invigorate the economy.

Big Canadian Banks' Largest Shareholders Are .. Each Other

The Huffington Post Canada | Daniel Tencer | Posted 11.02.2016 | Canada Business

Is there really just one big bank in Canada?

CRM2: When Disclosure Fails To Disclose

Tim Paziuk | Posted 09.07.2016 | Canada Business
Tim Paziuk

The Client Relationship Model - Phase 2 (CRM2) is a new set of industry regulations meant to provide Canadian investors with more details on their investment costs and performance. It was developed by the Canadian Securities Administrators, an organization representing Canada's investment industry regulators.

Canadians Name Their Favourite Bank. It's Not These Guys.

The Huffington Post Canada | Jesse Ferreras | Posted 07.29.2016 | Canada Business

It's not the other two big ones, either.

Canada's Banks Would Lose Billions In A Housing Crash: Moody's

The Huffington Post Canada | Daniel Tencer | Posted 06.20.2016 | Canada Business

But it wouldn't exactly be a repeat of the U.S.'s housing bubble.

Canadian Banks Stockpile Cash As Loans Go Bad

CP | Alexandra Posadzki, The Canadian Press | Posted 05.26.2016 | Canada Business

Banks set aside hundreds of millions to cover bad loans.

Interest Rates To Rise As Canadian Banks Now Riskier Than U.S.

The Huffington Post Canada | Daniel Tencer | Posted 05.11.2016 | Canada Business

Banks stuck between an oil crash and huge consumer debt.

Did Watchdog Break Rules By Not Naming Penalized Canadian Bank?

CP | Alexandra Posadzki, The Canadian Press | Posted 04.08.2017 | Canada Business

Fintrac is keeping the name of a penalized Canadian bank secret.

Canada's Banks May Have To Shoulder More Mortgage Risk

CP | Alexandra Posadzki, The Canadian Press | Posted 03.16.2017 | Canada Business

Some experts worry Canadian banks are too eager to lend mortgages.

Warning Sign: Banks Place Canadian Oil Companies On Watch List

CP | Ian Bickis, The Canadian Press | Posted 03.08.2017 | Canada Business

CIBC, RBC, Scotia each added nine oil firms to their watch lists. The companies' names are secret.

2016 Should Be The Year Canadians Get Over Ourselves

Rondi Adamson | Posted 01.11.2017 | Canada Living
Rondi Adamson

The Canadian propensity for self-aggrandizement is in form these days. It started with the massive coverage of the arrival of Syrian refugees at Pearson International Airport in December. While many were drowning in self-congratulations, all I could think about was a scene from Woody Allen's 1973 film, Sleeper.

Canadian Bankers' Bonuses Rise To $12.5 Billion Amid Layoffs

The Huffington Post Canada | Daniel Tencer | Posted 12.08.2015 | Canada Business

Meanwhile, bank bonuses in other countries are going the other way.

Canada's Banks Made $4 Million In Profit Every Hour This Fiscal Year

CP | Alexandra Posakzi, The Canadian Press | Posted 12.03.2015 | Canada Business

TORONTO — Canada's six biggest banks saw their profits climb higher over the past year, despite concerns that the sluggish economy, a slowdown in co...

Trouble Coming For Canada's Banks, Moody's Says

CP | Alexandra Posadzki, The Canadian Press | Posted 11.04.2016 | Canada Business

TORONTO — Moody's Investors Service says the impact of low oil prices on the consumer loan books of Canadian banks is likely to start showing when ...

Bets Against Canadian Banks Soar As Layoffs Hit Scotia, TD Bank

The Huffington Post Canada | Daniel Tencer | Posted 10.23.2016 | Canada Business

Investors are increasingly betting against Canada's financial institutions, as evidence grows that the country's biggest banks -- not long ago conside...

Canadian Banks Not Ready To Meet Needs For Mobile Payments: Report

CP | Alexandra Posadzki | Posted 09.10.2016 | Canada Business

If banks don't improve their online user experience, their ability to sell consumer credit products, car loans and mortgages may become diminished.

Canadian Banks Defend Mortgage Practices After Broker Fraud Claims

CP | Alexandra Posadzki, The Canadian Press | Posted 08.28.2016 | Canada Business

TORONTO — Some of Canada's biggest banks are defending their verification practices for mortgage applications in light of recent news that mortgage ...

Canadian Business: Five Things To Watch For This Week

CP | The Canadian Press | Posted 08.23.2016 | Canada Business

Stock Market: Traders will be keeping an even closer eye than usual on economic events at home and abroad after major indexes in Canada and the U.S. officially moved into correction territory last week, largely on fears of a greater than expected slowdown in China.

Oil Price Crash Sparks Concerns For Canadian Banks' Health

CP | Alexandra Posadzki, The Canadian Press | Posted 08.21.2016 | Canada Business

TORONTO — The ongoing oil price plummet and a spate of bleak economic indicators have sparked renewed concerns about Canada's banks, which are set t...

Canadian Banks' Record Profits ‘Achieved At Expense Of Customer Satisfaction': J.D. Power

The Huffington Post Canada | Daniel Tencer | Posted 07.30.2015 | Canada Business

Canadians are growing increasingly dissatisfied with their banks and rising fees are among the main reasons why, says a new study from J.D. Power. ...

Canadian Banks Partially Lower Prime Rate

CP | Craig Wong, The Canadian Press | Posted 07.16.2016 | Canada Business

OTTAWA - The move by the Bank of Canada to cut its key interest rate will help consumers out a little, but experts say with rates already near record ...