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Consumer Confidence Decreases

Wednesday, July 28, 2010, 8:30
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Consumer confidence in Canada and the U.S. has dropped according to two surveys that were released on Tuesday. The Canadian Institute of Chartered Accountants found that confidence about the economy is leveling off among account executives. Consumer confidence fell 3.7 points in July to 80 points, according to figures from the Conference Board of Canada. The 100 ... Full story

Tags: account executives, bmo capital markets, british columbia, canadian institute of chartered accountants, confidence levels, confidence numbers, consumer confidence, consumer sentiment, consumer spending, debt crisis, declines, double dip recession, drawback, harmonized sales tax, personal finances, point benchmark, sovereign debt, todd crawford

RBC Branch Bombed by Activists [VIDEO]

Thursday, May 20, 2010, 13:09
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Early Tuesday morning a bombing occurred at a Royal Bank of Canada (RBC) branch in Ottawa. The aftermath of this explosion has caused the tone for both the G8 summit and G20 summit to change as the perpetrators have already made it clear they plan to attend these meetings. The attack took place around 3:30 am ... Full story

Tags: 2010 olympics, activist group, activists, bank headquarters, british columbia, cornwall, explosion, fffc, g20 summit, g8 summit, RBC, Royal Bank of Canada, summit meetings

Ontario and British Columbia Lead Economic Recovery

Tuesday, May 11, 2010, 9:00
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According to a new outlook released on Monday shows a rebound in the auto industry and strong demand will help bring Ontario’s economy back from the recession this year. Ontario will share the top in provincial growth with British Columbia, with both economies expanding by about 3.8% this year notes the Conference Board of Canada. Signs of ... Full story

Tags: associate director, atlantic provinces, british columbia, christine bernard, conference board of canada, consumer spending, economic recovery, hst, new brunswick, newfoundland and labrador, personal income taxes, recession, tax rebates

Free Chequing, Free Debit and More Account at Capital Coast Savings

Wednesday, March 24, 2010, 8:51
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If you happen to be among the many people in Canada who are tired of paying banking fees, then there might be another option you have yet to try out. Coast Capital Savings is offering their ‘Free Chequing, Free Debit and More Account’ to customers; making this a free chequing account ... Full story

Tags: banking services, british columbia, canada, chequing account, coast capital savings, debit card transactions, exchange network, free atms, free debit card, images, minimum balance requirement, minimum balance requirements, preauthorized payments, service institution, withdrawals

RBC: Canadian Economy in for a Major Rebound

Thursday, March 11, 2010, 9:34
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A new forecast from RBC Economics says that Canada’s economy is set for real Gross Domestic Product (GDP) growth of 3.1% this year and 3.9% in 2011. RBC has noted that a peak in stimulus investment, improved credit markets and a recovery in consumer spending are pushing the increase of GDP growth. Craig Wright, chief economist ... Full story

Tags: british columbia, business investment, canadians, chief economist, commodity prices, consumer spending, craig wright, credit markets, economic growth, gdp, gdp growth rate, gross domestic product, housing market, low interest rates, newfoundland and labrador, RBC, rebound, stimulus, unemployment rates

Employment Up for the Sixth Month in a Row

Saturday, February 6, 2010, 9:23
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Ontario is showing signs of economic recovery but many workers remain underemployed notes a BMO Capital Markets economist. According to the Statistics Canada’s Labour Force Survey which was released on Friday, employment in Ontario increased for the sixth month in a row. The province reported that 30,000 more people were employed compared with the previous ... Full story

Tags: bmo capital markets, british columbia, decline, economic recovery, economist, employment gains, employment increase, jobless rate, labour force survey, labour market, manitoba, nova scotia, ontario report, part time, recession, statistics canada, unemployment levels, unemployment rate

CIBC World Markets Inc: Ontario Economy Expected Grow Fast

Tuesday, February 2, 2010, 8:30
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Ontario’s economy is expected to outpace the national average in 2010 but it remains at risk to a high Canadian dollar, weak U.S. growth and high provincial deficits noted a new report from CIBC World Markets Inc. Ontario outpaced the national average by a significant margin, the momentum carried into the first half ... Full story

Tags: 8 years, british columbia, canadian dollar, cibc world markets, cibc world markets inc, competitiveness, corporate taxes, economic growth, economic recovery, economy, gdp, harmonized sales tax, jobs, migration, population growth, prospects, risk, saskatchewan

TD Takes All Clients into Account

Tuesday, January 5, 2010, 7:01
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Dominion Bank (TD) is using an innovative pilot program that specifically targets low income earners as new clients. It can be seen as a financial intervention to prevent them from cashing their social assistance cheques at costly payday lenders. TD has set up kiosks in government offices in British Columbia ... Full story

Tags: active accounts, assistance payments, british columbia, child tax credits, direct deposit forms, dominion bank, federal tax refunds, government offices, income earners, kiosks, payday lenders, pilot program, profitable customers, savings accounts, social assistance, TD, toronto, vulnerable consumers, welfare cheques

CIBC Settles ABCP Case

Thursday, December 24, 2009, 9:47
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Canadian Imperial Bank of Commerce (CIBC) will be paying $22 million to settle allegations of wrong doing in connection with asset backed commercial paper. The Ontario Securities Commission orders that CIBC and CIBC World Markets pay the penalty on Monday December 21st, 2009. The province’s stock market regulator has also ordered that HSBC ... Full story

Tags: abcp market, british columbia, canadian banks, canadian imperial bank, canadian imperial bank of commerce, cibc world markets, compliance practices, debt instrument, financial losses, hsbc bank canada, institutional investors, market regulator, ontario securities commission, subprime mortgages

Cautious Outlook for 2010

Friday, November 13, 2009, 11:40
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A new report shows that recovery might not have taken hold in Ontario, but by next year it should get much better despite the tens of thousands out of work and factories closing at the moment. Ontario’s manufacturing and wholesale trade sectors have been stabilizing, and the U.S. is on the uptick. What this ... Full story

Tags: 2010 winter olympics, british columbia, conference board of canada, economist, fiscal stimulus, gdp growth, gross domestic product, macro level, national gdp, national unemployment rate, trade sectors

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