Feb 26 2021
TORONTO, Feb 26 Canadian banks are likely to see
slower growth from their core retail and business banking
divisions in the next few quarters due to an uncertain economic
recovery, but overall earnings could get a boost as lenders claw
back some of the C$20 billion ($15.9 billion) of provisions
they took last year.
Feb 25 2021
Toronto-Dominion Bank and Canadian Imperial Bank of Commerce closed out quarterly results reporting on Thursday, joining all major rivals in beating expectations, as much lower provisions for loan losses and trading strength offset muted growth or declines in their retail businesses.
Feb 24 2021
Royal Bank of Canada executives cautioned on Wednesday that the company's 2021 credit performance hinges on the outlook for government support after its quarterly profit beat estimates on much lower than expected provisions for loan losses.
Feb 23 2021
TORONTO Bank of Montreal and Bank of Nova Scotia (Scotiabank) beat estimates for first-quarter profit on Tuesday as they set aside less-than-expected capital to cover bad loans, and said economic recoveries driven by the rollout of coronavirus vaccines will boost performance into the year.
Feb 22 2021
TORONTO, Feb 21 Canadian banks are set to post
their fourth straight year-on-year quarterly profit drop when
they report results next week, the longest decline streak since
the financial crisis, on margin compression and declining
commercial lending, but flattening loan loss provisions signal a
turning point, investors said.
Feb 21 2021
TORONTO Canadian banks are set to post their fourth straight year-on-year quarterly profit drop when they report results next week, the longest decline streak since the financial crisis, on margin compression and declining commercial lending, but flattening loan loss provisions signal a turning point, investors said.
Feb 11 2021
TORONTO, Feb 11 Canada's top insurer Manulife
Financial Corp will prioritize organic growth, dividend
increases and share buybacks over acquisitions for its C$29
billion ($22.9 billion) of excess capital, its chief executive
said on Thursday.
Feb 11 2021
TORONTO, Feb 11 Manulife Financial Corp
will prioritize organic growth, dividend increases and buybacks
for its C$29 billion ($22.9 billion) of excess capital over
acquisitions, its chief executive said on Thursday.
Feb 10 2021
TORONTO, Feb 10 Canada's top two life insurers
expressed optimism about 2021 on Wednesday despite continued
uncertainty around the COVID-19 pandemic after both reported
better-than-expected fourth-quarter profits, buoyed by strong
wealth management gains.
Feb 09 2021
TORONTO, Feb 9 Retail investor participation at
Canadian exchange operator TMX Group Ltd rose to 45% of
total equities trading in January, from 35% a year ago, on the
back of the Reddit-driven trading frenzy, its chief executive
told Reuters on Tuesday.