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McGuinty Urges the Bank of Canada to Raise Interest Rates

Thursday, September 2, 2010, 10:45
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Premier Dalton McGuinty has given a message to the Bank of Canada, and that is not to raise interest rates next week. McGuinty has noted that Canada’s economic recovery is still fragile, and as such they should be careful as to now do anything that would increase expenses or drive up costs. McGuinty advised the Bank of Canada ... Full story

Tags: Bank of Canada, canada report, consumers, current situation, decisions, double dip recession, doubts, economic recovery, interest rate, interest rates, mark carney, monetary policy, pocketbooks, point in time, premier dalton mcguinty, rate hike, rate hikes, robust recovery, second quarter

TD Profits up 29%

Thursday, September 2, 2010, 10:29
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TD Bank has released their third quarter report, and has noted that their profits grew 29% in the third quarter to $1.18 billion, narrowly missing expectations. These results, which were released today were equivalent to $1.29 per diluted share for the quarter, and compare to a net income of $912 million in the same period a year ... Full story

Tags: adjusted basis, analyst expectations, bond trading, branch networks, credit losses, diluted share, dorrance, earnings per share, economic uncertainty, favorable conditions, financings, loan losses, quarter earnings, quarter report, retail clients, share revenue, stock markets, tates, wholesale banking

Canadian Economy Slows Down

Wednesday, September 1, 2010, 8:31
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The Canadian economy has grown slowly throughout the spring and early summer, even slower that people had expected. There are an increasing amount of fresh concerns about the strength of the economic recovery. The latest GDP report from Statistics Canada has also casted doubt on whether the Bank of Canada will continue ... Full story

Tags: Bank of Canada, breathing room, canadian economy, capital markets, chief economist, double dip, doug porter, economic recovery, gdp report, quarter gdp, recession, recovery canada, resale market, slam dunk, slowdown, statistics canada, wholesale trade

Scotiabank Profits Rise 14%

Tuesday, August 31, 2010, 10:34
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Scotiabank has released their third quarter reports, and it shows that their third quarter profits has risen 14% to nearly $1.1 billion, even as capital markets division was hit by the same earnings decline experiences at other Canadian banks. Scotiabank is well known as being Canada’s most international bank, and their net income was the equivalent to ... Full story

Tags: analyst estimates, Bank of Montreal, capital markets division, cash earnings, credit losses, economic uncertainty, international banking, Loonie, quarter profits, quarter reports, quarterly dividend, Royal Bank of Canada, Scotiabank, stock market trading

Ontario’s Debt Reaches $212.1 billion

Monday, August 30, 2010, 9:15
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Ontario’s deficit has come in substantially less than forecasted, however Ontario’s debt is now at a record $212.1 billion. The Liberal government has racked up a deficit of $19.3 billion in 2009-2010, which is $2 billion less than forecasted in the March budget. The issue in with this is that public accounts released show that the province’s debt ... Full story

Tags: 1 billion, balanced books, budget forecasts, debt level, deficit figure, dwight duncan, economic performance, economy, finance minister, liberal government, ministry of finance, ratios, real gdp, recession, tax revenues, timetable, what this means

Controlling your Debt

Saturday, August 28, 2010, 8:29
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Debt is something we will all face in life, many of us, if not all will carry debt for a good portion of our lives. Debt can have little impact on your daily life if you are able to control and manage it, however for others it can cause unwanted stress and unhappiness. There is an issue with ... Full story

Tags: Budgeting, celebrity lifestyle, consequences, credit card, credit cards, debt levels, decent life, habit, minimum wage, money, temptation, unhappiness, unwanted stress, wage income

CIBC World Markets: Investors Fears of Economic Slowdown Shown

Friday, August 27, 2010, 9:11
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Concerns remain in Canada and the U.S. about sluggish recoveries, have investors likely to price an economic slowdown into the stock market finds a new report from CIBC World Markets Inc. The report notes that despite the reaction markets gave to the recent drop in North American confidence indexes, the reality is that confidence never really recovered ... Full story

Tags: abyss, boardrooms, cautious view, cibc world markets, cibc world markets inc, corporate canada, dividend increases, double dip, economic recovery, economist, excess cash, financial crisis, peter buchanan, place confidence, recession, second quarter, sluggish economy, Stock market, tsx

Scotiabank Recieves 21 Awards For Internet Banking

Friday, August 27, 2010, 8:28
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Scotiabank has been named the “Best Consumer Internet Bank” in twenty Caribbean countries by a major international finance magazine. Global Finance has also recognized Scotiabank St. Maarten with the “Best Corporate/ Institutional Internet Bank” award in its World’s Best Internet Banks competition in Latin America. These rankings will be published in the September 2010 issue ... Full story

National Bank of Canada Profit Falls

Thursday, August 26, 2010, 11:00
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National Bank of Canada (NBC) has reported their net income for the third quarter to be $271 million, which is a decrease compared to the same period a year ago, where net income was $303 million. Diluted earnings per share for this quarter stood at $1.56 compared to $1.78 for the same quarter a year ago. NBC’s net ... Full story

Tags: Bank of Canada, banks, chief executive officer, commercial segment, credit portfolio, earnings per share, favorable conditions, financial markets, first nine months, nbc, net income, profitability, return on equity, third quarter results, vachon, wealth management

CIBC Reports Increase in Profits

Wednesday, August 25, 2010, 10:00
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Canadian Imperial Bank of Commerce (CIBC) has released their third quarter results, and it shows an increase in profits from the same period a year ago. This increase in profits is all thanks to strong gains seen in its personal and business banking divisions and shrinking provisions for bad loans. CIBC has ... Full story