Now We Find Out What The Oil Price Collapse Is Doing To Canada's Banks

Now We Find Out What The Oil Price Collapse Is Doing To Canada's Banks

CP  02.22.2015
TORONTO - Canada's top lenders are expected to report a decline in their investment banking profits when they release their first quarter...
Loonie Plunges Through 80 Cents In Biggest 2-Year Drop Ever

Loonie Plunges Through 80 Cents In Biggest 2-Year Drop Ever

Daniel Tencer  01.28.2015
The Canadian dollar fell through a psychologically important barrier Wednesday, trading for the first time in five years below 80 cents...
This Is Why A Falling Loonie Won't Rescue Canada's Economy

This Is Why A Falling Loonie Won't Rescue Canada's Economy

Daniel Tencer  01.16.2015
Until a few months ago, the complaint that Canada’s economy isn’t diverse enough, and is too reliant on energy exports, seemed to be...
Student's Account Closed Because He's Iranian

Student's Account Closed Because He's Iranian

CBC  12. 9.2014
Arash Khodadadi, a Montreal university student, has been forced by CIBC to close his chequing and savings accounts because he is from...
Canadian Banks Made $31.7 Billion In Profit In The Past Year

Canadian Banks Made $31.7 Billion In Profit In The Past Year

CP  12. 5.2014
TORONTO - Canada's top banks saw their fourth-quarter profits edge higher this year, but they warned that a slew of headwinds — including...
Too Many Condos? No, Canada Needs Way More, CIBC Says

Too Many Condos? No, Canada Needs Way More, CIBC Says

Daniel Tencer  11.19.2014
Canada consistently ranks near the top on international lists of the world’s most overheated housing markets, with house prices far above...
Sliding Oil Prices Will Cost Ottawa Billions, ‘Re-Order' Economy

Sliding Oil Prices Will Cost Ottawa Billions, ‘Re-Order' Economy

Daniel Tencer  10.20.2014
The steep drop in oil prices in recent months will cost Canada’s federal government as much as $3 billion in lost revenue, according...
Loonie Headed Below 85 Cents: CIBC

Loonie Headed Below 85 Cents: CIBC

09.23.2014
The loonie will continue its long, slow slide from parity with the U.S. dollar and will fall below 85 cents U.S. in the third quarter of...
Economy Shifting Gears To Service The Rich: CIBC

Economy Shifting Gears To Service The Rich: CIBC

Daniel Tencer  09.21.2014
The world’s businesses are shifting gears to take advantage of the growing gap between rich and poor, and that means more services and...
Banks Lose Supreme Court Of Canada Battle Over Credit Card Fees

Banks Lose Supreme Court Of Canada Battle Over Credit Card Fees

CP  09.19.2014
OTTAWA - Canada's top court has restored a Quebec trial judge's decision that penalizes several of the country's big banks for failing...
How To Shave 5 Years off Your Mortgage

How To Shave 5 Years off Your Mortgage

Atrina Kouroshnia  08.12.2014
Paying off a mortgage is especially important for anyone with a higher interest rate, or those who really value mortgage freedom.
Will Summer Job Cover School Costs? Don't Bet On It

Will Summer Job Cover School Costs? Don't Bet On It

CP  08. 5.2014
TORONTO - While most Canadian students are working this summer, most of them won't make enough money to cover their college or university...
Meet The New Top Dog At CIBC

Meet The New Top Dog At CIBC

CP  07.31.2014
TORONTO - CIBC has tapped the head of its wealth management division to be the bank's next president and chief executive.The bank said...
Here Is When Canadians Expect To Be Mortgage-Free

Here Is When Canadians Expect To Be Mortgage-Free

CP  07.21.2014
TORONTO - A new survey says Canadians, on average, expect to be mortgage-free by age 58, one year later than in a similar poll a year ago.But...