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Canada’s Biggest Banks Earn $5.09B in First Quarter

Canada's Biggest Banks Earn $5.09B in First Quarter
Canada’s five biggest banks saw their profits rise by almost two-thirds in the first quarter of 2010, compared to the same period last year when the recession had taken root and any earnings were taken away. The banks have earned a combined total of $5.09 billion in the three months that ended on January 31st; compared to ... Full story
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BMO Reports 24% Revenue Increase

BMO Reports 24% Revenue Increase
Bank of Montreal has had a $657 million profit in its latest financial quarter as revenue increase by 24% from a period a year ago, with much of its Canadian operations being the cause of this lift. BMO’s overall revenue in the three months, which ended January 31st, has increase by $583 million from the comparable period ... Full story
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Banking Applications Helping You Save Money

Banking Applications Helping You Save Money
With technology advancing around us constantly we will find ourselves with different ways to do tasks much easier. In terms of banking, we have only begun to touch the surface of online banking; we have begun to move onto our mobile phones to satisfy certain banking needs as well. The phones I am talking about in particular are ... Full story
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Mobile Banking for Canadians

Mobile Banking for Canadians
Mobile banking is something that Canadians will all be doing in a matter of time, especially when only 10% of Canadians are doing it right now. It will not be long until it is more popular than online banking especially when the whole concept of banking on the go will be a great ... Full story
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Canadian More Debt Cautious than Americans

Canadian More Debt Cautious than Americans
Royal Bank of Canada (RBC) is keeping a close eye on rising household debt levels in the country, but it believes that Canadian consumers are still in a more enviable position than the U.S. President and chief executive officer of RBC, Gord Nixon told an industry conference that the strength ... Full story
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Teaching the Rich Money Management

Teaching the Rich Money Management
In recent news we have seen the Bank of Montreal (BMO) launch a program at the requests of high net worth clients to teach the basics of money management to help keep the family fortune intact to their children or spouse. This program is an evolved version of a program launched last year ... Full story
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BMO Financial Literacy for the Rich

BMO Financial Literacy for the Rich
The Bank of Montreal’s (BMO’s) private banking division will start offering cross Canada seminars next month that has been specifically designed for affluent adults, which includes those who marry into money. This is an invitation only program which enabled high net worth clients to enrol a spouse or another adult ... Full story
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Scotiabank Increase Stake in Chinese Bank

Scotiabank Increase Stake in Chinese Bank
Scotiabank has increased its stake in a Chinese Bank to 14.8%, with the plans of holding one fifth of the institutions. On Wednesday, Scotiabank noted that it will be investing a total of $162 million to increase its ownership of Xi’an City Commercial Bank (XACB) from its current stake of ... Full story
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BMO Predicts 2.5% GDP Growth in 2010

BMO Predicts 2.5% GDP Growth in 2010
The Bank of Montreal (BMO) is predicting that Canada and the United States will post gross domestic product (GDP) growth of 2.5% next year. The growth is essentially reverses a similar decline that was en this year. BMO also predicts that the era of zero interest rates will come to an ... Full story
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Canada’s Economy Steadies as there is Growth

Canada’s Economy Steadies as there is Growth
Canada’s economy grew for the second month in a row in October noted Statistics Canada making economists note once again to declare an end to the Great Recession. Cold weather and a good real estate market have helped the Canadians economy grow. As Canada began to use their heaters ... Full story
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