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Canada's C$500B Summit: Bank Financing Dominates Pledges
Canada's summit pledges C$500B, but C$325B is bank financing. TD, Scotiabank, BMO lead; Bell AI hub, Maple Fund included.
Canada's Mortgage Rate Gap: Fixed at 4.09% vs Variable at 3.30%
Canada's lowest advertised fixed mortgage rate is 4.09% versus 3.30% variable. The 79-basis-point gap costs fixed borrowers C$211/month more, but variable rates carry future risk.
Canadian Fixed Mortgage Rates Climb Despite BoC Hold; Bank Investors Eye Renewals
Fixed mortgage rates in Canada are rising due to higher bond yields, despite the Bank of Canada holding its policy rate at 2.25%. Banks face a mixed outlook as higher yields boost margins but volumes and credit risks loom.
Fixed-Rate Mortgage Premium Widens as Bank of Canada Holds Rates
The gap between Canada's lowest fixed and variable mortgage rates widened to 79 basis points after the Bank of Canada held its policy rate, adding C$211 to monthly payments on a C$500,000 mortgage.
Scotiabank Hits Record Profit, ROE Exceeds Target, Shares Jump 5%
Scotiabank shares jumped 5% after record quarterly profit lifted adjusted ROE to 14.2%, above its 14% target and beating analyst forecasts. Revenue rose 11.1%.
Scotiabank Shares Slip 1.7% as Analyst Targets Signal Limited Upside Ahead of Q3
BNS shares dropped 1.68% to $86.22, with the average analyst target implying only 1.4% upside. Q3 results are due Aug 25.
BMO Shares Dip Again as Earnings Loom and Analysts Stay Cautious
BMO shares fell 0.9% to $174.09 on Thursday, extending a 3.75% slide, as investors weigh quarter-end institutional filings against upcoming earnings and analyst caution.
CBA's Record A$10.98B Profit Clouded by 47% Surge in Bad-Debt Charges
Commonwealth Bank of Australia (CBA.AX) reported a record A$10.98 billion cash profit, yet second-half credit impairment charges surged 47% to A$469 million, raising investor concerns.
Nu Holdings Faces Credit Quality Test Ahead of Q2 Earnings
Nu Holdings (NYSE:NU) prepares to report Q2 earnings with investors eyeing credit quality after loan-loss provisions jumped 33% in Q1, while shares trade near year lows.
TD Bank Trails TSX Despite $44B Rally Since April
TD Bank shares advanced in Toronto but trailed the broader TSX, which was lifted by metals stocks. The bank has added roughly C$44 billion in market value since its last quarter-end.
Scotiabank's Dividend Yield Premium Holds Ahead of Ex-Dividend Date
Scotiabank stock closed at C$122.39, yielding 3.73%—109 bps above the peer median—as it prepares to go ex-dividend on July 7 with a C$1.14 quarterly payout.
RBC Shares Dip as OSFI Reduces Capital Buffer for Big Banks
Royal Bank of Canada shares slipped 0.36% as OSFI reduced the Domestic Stability Buffer to 3.0%, freeing capital for lending but not immediately boosting earnings.
TD Bank Hits 52-Week High After OSFI Cuts Capital Buffer
TD Bank shares hit a 52-week high after Canada's OSFI lowered the Domestic Stability Buffer to 3.0%, freeing up capital for lending. The stock rose 0.44% to C$169.38, but U.S. anti-money-laundering issues remain a key risk.
RBC Shares Surge to 52-Week High Amid Mixed Toronto Market
RBC shares hit a 52-week high of C$277.09, closing up 1.24% at C$276.01, after Q2 net income of C$5.5 billion beat estimates, as the TSX slipped 0.2%.
TSX Advances as Tech and Gold Rally Mask Economic Weakness
Canada's S&P/TSX Composite gained 0.7% on Friday, closing May up 2.4% and near record highs, driven by tech and gold stocks despite weak GDP data.
CIBC Stock Dips Despite Strong Earnings and Caribbean Asset Sale
CIBC shares fell 5.5% despite beating Q2 profit estimates and announcing the sale of its Caribbean unit for about $1.6 billion.
Butterfield Acquires CIBC Caribbean for $1.8B, Reshaping Regional Banking
Butterfield acquires CIBC's majority stake in CIBC Caribbean for $1.8B, adding 41 branches across 10 countries and boosting assets to $29B. CIBC sharpens North American focus.
RBC Shares Rise Ahead of Q2 Earnings Amid Analyst Divergence
RBC shares rose 1.46% to C$261.09 ahead of its May 28 fiscal Q2 earnings report, with analysts split on the bank's outlook.
Mortgage Rates Inch Lower, Affordability Squeeze Persists for Spring Buyers
U.S. mortgage rates edged down slightly, with the 30-year fixed average at 6.43%. However, purchase applications declined and the median monthly payment rose, highlighting ongoing affordability challenges.
TSX Set for Lower Open as Oil Spike Sparks Inflation, Recession Fears
Canada's main stock index is poised for a lower open Monday, with futures down 0.92%, after a surge in oil prices to multi-year highs intensified inflation and recession concerns, pressuring financial and mining sectors.
RBC Shares Gain Ahead of Earnings as Investors Eye Bank of Canada Policy
Royal Bank of Canada stock advanced 0.7% Friday, with investors focused on upcoming quarterly results and uncertain central bank rate outlook.
RBC Shares Near C$233 as Investors Eye Q1 Earnings After Mixed Jobs Data
Royal Bank of Canada stock closed at C$232.72, trailing peers as markets rallied. January jobs showed a loss of 24,800 positions but unemployment fell to 6.5%.
US Sanctions 8 Canadian Money Services Firms Over Iran Ties
The US sanctioned eight Canadian money-services firms for alleged Iran-linked deals, listing six crypto addresses on TRON. Half of the firms have no wallet identifiers.
Amazon Boosts Vulcan Satellite Payload to 40 for Kuiper Debut
Amazon (AMZN) has delivered 40 Kuiper satellites to ULA's Vulcan for its first of 38 missions, boosting payload capacity by 37.9% per flight.
Roche's Divarasib Shows Survival Edge Over KRAS Inhibitors in Lung Cancer
Roche's experimental lung cancer drug divarasib improved median survival by 5.7 months compared to existing KRAS inhibitors in a 338-patient trial.
Japan's ABCI-Q Quantum-AI Project to Test Cancer Immunotherapy Designs
Japan's NEDO has greenlit a three-year demonstration linking quantum optimization with lab testing of cancer-immunotherapy targets, using AIST's ABCI-Q system.
Canada's OAS October Boost: 1.4% Increase, But Final Rates Pending
Canada's Old Age Security (OAS) will rise 1.4% in October, pushing estimated maximum monthly payments to C$762.50 for ages 65-74 and C$838.75 for 75+. Official rate card still pending.
Atlantic Canada Panel Urges Unified Economy and C$1B Growth Fund
A federal panel proposes unifying Atlantic Canada's economy with a C$1B growth fund and regional power operator, targeting C$25B in power investment by 2035.
US Import Ban on Canadian Goods Takes Effect September 29
The US will prohibit imports of certain Canadian goods starting September 29, replacing a 50% tariff. Moosehead Breweries is rushing shipments to avoid supply disruptions.
Starbucks Trims 2026 Store Opening Outlook After Announcing 250 North American Closures
Starbucks will close about 250 North American stores, adding $300 million in charges and cutting its fiscal 2026 net opening forecast to 440. Shares ended 0.5% lower.