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Banking & Finance in Canada

CBC News - Canada

  • Scotiabank reports higher Q3 earnings, sets aside less money for bad loans
    Scotiabank is the latest of the big banks to report higher profits in the third quarter, thanks to strong returns from its domestic and international banking operations.
    - 26 mins ago, 30 Aug 16, 12:40pm -
  • EU rules Apple must pay up to 13B euros in back taxes
    The European Union says Ireland has given illegal tax benefits worth up to 13 billion euros ($14.5 billion US) to Apple Inc. and must now recover the unpaid back taxes from the U.S. technology company, plus interest.
    - 3 hours ago, 30 Aug 16, 10:04am -
  • 'Laughable': Critics slam McDonald's ad for preservative-free McNuggets
    McDonald's is promoting its new preservative-free Chicken McNuggets with a commercial that says, "We all want what's best for our kids." Some health advocates claim the ad is misleading because it implies processed McNuggets are good for children.
    - 4 hours ago, 30 Aug 16, 9:00am -
  • Ontario guaranteed-income pilot moves ahead with new report
    Former Conservative senator Hugh Segal delivers a key report this week on a plan by Ontario to launch a pilot project to guarantee a minimum income for participants in a community still to be selected. In an interview, Segal gives some hints about the report's contents — and rebuts critics who say such programs foster laziness.
    - 4 hours ago, 30 Aug 16, 9:00am -
  • Ad industry vows to be more open about paid endorsements on social media
    Canada's advertising industry is taking long-overdue steps to curb misleading posts on blogs and social media that double as paid product endorsements in an effort to keep so-called influencers honest.
    - 4 hours ago, 30 Aug 16, 9:00am -
  • Canada Post, union extend mediation another 24 hours
    Canada Post and the Canadian Union of Postal Workers have again agreed to extend mediation aimed at resolving their labour dispute by another 24 hours.
    - 10 hours ago, 30 Aug 16, 2:53am -
  • Statistics Canada celebrates 'best census since 1666'
    Statistics Canada is celebrating its “best census ever” after close to 98 per cent of the census population filled out their long- and short-forms questionnaires this year.
    - 18 hours ago, 29 Aug 16, 6:38pm -

National Post

Financial Post - Your Money

Financial Post - Family Finance

Financial Post - Financial Services

  • Ontario legislative panel to approve TMX-LSE deal
    An all-party committee of the Ontario government appears set to support a proposed transaction to merge Toronto Stock Exchange owner TMX Group Inc. with the London Stock Exchange, with some tweaking involving regulation and governance
    - 13 Apr 11, 8:45pm -
  • Blackstone joins shale frenzy with US$1B venture
    Blackstone said on Tuesday it teamed up with shale gas developer Alta Resources to form Alta Energy Partners and they are committing to invest up to US$1-billion to acquire and develop unconventional oil and gas assets in North America
    - 12 Apr 11, 2:49pm -
  • RBC shops its U.S. bank: sources
    Royal Bank of Canada is shopping its struggling U.S. retail banking operation on the heels of results suggesting profitability may be in striking range, sources said
    - 8 Apr 11, 2:35pm -
  • With 90 teachers over 100 OTPP's problem is clear
    The plan continues to face what chief executive Jim Leech calls 'systemic funding problems,' including some teachers whose retirement periods exceed their working years
    - 6 Apr 11, 3:45pm -
  • Why Rick Waugh likes a strong loonie
    A strong loonie is good for Canada because it forces companies to be more productive and it shows what the rest of the world thinks about us, said Rick Waugh, chief executive of the Bank of Nova Scotia
    - 6 Apr 11, 1:42pm -
  • Blankfein reaps US$19M as cash bonuses return to Goldman
    Goldman Sachs Group Inc. Chairman and Chief Executive Officer Lloyd C. Blankfein’s US$19-million compensation for 2010, almost double the prior year, ended two years in which the firm’s top executives gave up cash bonuses
    - 4 Apr 11, 5:12pm -
  • TMX can go it alone, Clark says
    Ed Clark, the chief executive of Toronto-Dominion Bank, spoke out for the first time against the controversial stock exchange merger involving TMX Group Inc. on Thursday
    - 31 Mar 11, 11:00pm -

Canadianbusiness.com

  • Uganda grants 8 oil production licenses to Total, Tullow
    KAMPALA, Uganda – Uganda’s government has issued eight oil production licenses to two foreign companies, moving the East African country closer to becoming a producer of crude.Five of the…The post Uganda grants 8 oil production licenses to Total, Tullow appeared first on Canadian Business - Your Source For Business News.
    - 38 mins ago, 30 Aug 16, 12:28pm -
  • Former Barrick Gold vice-president returns to become chief investment officer
    TORONTO – Barrick Gold Corp. (TSX:ABX) says former vice-president Mark Hill is returning to the company as chief investment officer, a new position.The Toronto-based company says Hill’s technical experience…The post Former Barrick Gold vice-president returns to become chief investment officer appeared first on Canadian Business - Your Source For Business News.
    - 47 mins ago, 30 Aug 16, 12:19pm -
  • The Latest: Experts put Apple tax bill at up to 19B euros
    BRUSSELS – The Latest on the European Union’s decision that Apple must pay billions in back taxes (all times local):2:10 p.m.Peter Vale, a Dublin-based corporate tax expert for…The post The Latest: Experts put Apple tax bill at up to 19B euros appeared first on Canadian Business - Your Source For Business News.
    - 1 hour ago, 30 Aug 16, 11:50am -
  • Trudeau suggests to China: Improve your image by tightening ties with Canada
    BEIJING, China – Justin Trudeau says China should strengthen its connection to Canada as a way for the rapidly growing superpower to burnish its image on the world stage.Speaking…The post Trudeau suggests to China: Improve your image by tightening ties with Canada appeared first on Canadian Business - Your Source For Business News.
    - 1 hour ago, 30 Aug 16, 11:44am -
  • EU says Apple must pay up to 13B euros in back taxes
    BRUSSELS – Apple will have to pay up to 13 billion euros ($14.5 billion) in back taxes, plus interest, to Ireland after the European Union found Tuesday that it received…The post EU says Apple must pay up to 13B euros in back taxes appeared first on Canadian Business - Your Source For Business News.
    - 3 hours ago, 30 Aug 16, 10:34am -
  • Scotiabank Q3 profit rises to $1.9 billion; less money set aside for bad loans
    TORONTO – Scotiabank (TSX:BNS) saw its third-quarter profit climb six per cent from a year ago to $1.96 billion on strong earnings from its Canadian and international banking businesses.That…The post Scotiabank Q3 profit rises to $1.9 billion; less money set aside for bad loans appeared first on Canadian Business - Your Source For Business News.
    - 3 hours ago, 30 Aug 16, 10:28am -
  • In bid against corruption, Greece to axe TV licenses
    ATHENS, Greece – Greece’s left-wing government launched an auction Tuesday for four private national television licenses, reducing the number from seven after a heated public debate on corruption in the…The post In bid against corruption, Greece to axe TV licenses appeared first on Canadian Business - Your Source For Business News.
    - 3 hours ago, 30 Aug 16, 10:12am -

Invest in Canada

  • BHP Billiton to invest $2.6B in Saskatchewan potash project
    BHP Billiton will invest $2.6-billion in the Jansen potash project in Saskatchewan, but will develop it at a slower pace than previously expected and with the possible addition of a partner. The Anglo-Australian mining company’s investment in Jansen will be spread over a number of years with completion of two mining shafts expected during 2016.
    - 20 Aug 13, 3:00am -
  • Facebook opens Montreal office
    Facebook has opened an office in Montreal to increase business opportunities in Quebec. The company has two employees based in Montreal to serve businesses looking to expand their presence on the social network. Facebook also launched a temporary office in Vancouver in June, which was expected to stay open for a year-long stint.
    - 10 Jul 13, 3:00am -
  • Montreal researcher revolutionizes brain mapping
    Brain researcher Alan Evans has developed a 3-D atlas of the brain, BigBrain, which provides a data set that is 125,000 times bigger than a typical MRI. BigBrain atlas will offer resolution that is almost at the cellular level. Evans, a researcher at the Neuro and professor of neurology at McGill University, has been working on the project for six years, along with researchers at Forschungszentrum Julich, in Germany. The results of the BigBrain model were published in the journal Science. The brain atlas will be made available to researchers worldwide at no charge.
    - 21 Jun 13, 3:00am -
  • Canadian scientists develop new way to store renewable energy
    Researchers based at the University of Calgary, Curtis Berlinguette and Simon Trudel, have developed an innovative way to make new affordable and efficient catalysts for capturing solar power. The discovery is a new type of electrolyzer device that uses catalysts to start a chemical reaction that converts electricity into chemical energy by splitting water into hydrogen and oxygen fuels. These fuels can then be stored and re-converted to electricity for future use. The technological breakthrough offers a relatively cheaper method of storing and reusing electricity produced by wind turbines and solar panels. The technology is set to be commercialized through a new start-up company called FireWater Fuel Corp. The findings have been reported in the journal Science.
    - 3 Jun 13, 3:00am -
  • Canadian Video Game Industry critical component of digital economy, contributes $2.3B to GDP
    The Entertainment Software Association of Canada (ESAC) unveiled new research about the Canadian video game industry. The research shows that Canada's overall video game industry is still growing at a moderate pace, even as the sector and its business models continue to evolve. Jayson Hilchie, President & CEO of ESAC, showed that Canada's 329 video game studios are a critical component of this country's new digital economy generating over $2.3 billion in GDP for the Canadian economy in 2012.
    - 31 May 13, 3:00am -
  • U.S.-based fund administrator Conifer joins growing hedge fund administration centre in Halifax
    San Francisco-based fund administrator Conifer Fund Services will open a fund administration office in Halifax as part of its strategy to grow in North America. Halifax was selected over competing locations based on Nova Scotia's nearshore advantages including cost, proximity to clients, and access to skilled talent. According to KPMG, Halifax is the fastest growing hedge fund administration centre in Canada. In KPMG's Competitive Alternatives 2012 Report, Halifax ranks number one out of all Canadian and U.S. cities surveyed for lowest business operating costs in the International Financial Services sector.
    - 29 May 13, 3:00am -
  • Marsh announces growth plans in Nova Scotia
    Marsh is expanding its Captive Solutions Group by adding 60 jobs to its Halifax operation over the next five years. Marsh expanded to Halifax in 2006, when it had 10 international accounts under management, and today it has 300. It provides consulting, design and management services to more than 1,200 captive insurance companies around the world. A captive is a form of self-insurance by corporations, groups and consortiums. Many of Marsh's clients are Fortune 500 companies.
    - 27 May 13, 3:00am -

Canada News Centre - Finance