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Scotiabank Profits Rise 14%

Scotiabank Profits Rise 14%
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
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Loonie Rises Favourably While European Bank Tax Initiated

Loonie Rises Favourably While European Bank Tax Initiated
The Australian and Canadian dollars are slowly becoming the reserve currencies for central bankers who seek an alternative to the deteriorating credit quality in Europe, the U.S. and Japan. Russia may begin to add the Australian and Canadian dollars to its international reserves for the first time since the fluctuations in the U.S. currency and euro ... Full story
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Canadian Economy Growing Faster than Anticipated

Canadian Economy Growing Faster than Anticipated
Statistics Canada has released data that shows Canada’s economy has grown at an annualized rate of 6.1% in the first quarter of 2010. National Gross Domestic Product (GDP) has increased by 1.5% in the first quarter of 2010, when it is compared to the last quarter of 2009. Real GDP has increased 0.6% in March from ... Full story
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Loonie Rises from EU’s Aid Package

Loonie Rises from EU's Aid Package
The Canadian dollar was up more than 1.8 cents at today’s open as financial markets reacted positively to news of a massive package to protect the embattled euro and contain the European debt crisis. The dollar opened trading Monday at 97.62 cents U.S., up 1.82 cents from Friday’s close. The loonie was among a number of currencies that ... Full story
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Loonie Posts Largest Gain After Central Bank’s Economic Forecast

Loonie Posts Largest Gain After Central Bank’s Economic Forecast
The loonie posted its largest single day gain in 9 months on Tuesday following an economic forecast from Canada’s central bank. The Canadian dollar was up 1.58 cents at 100.12 cents (U.S.) after the Bank of Canada signaled that rates are bound to rise soon, a move which would likely increase international demand for Canadian bonds ... Full story
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Canadian Dollar Passes Parity

Canadian Dollar Passes Parity
For the first time close to two years, the Canadian dollar passed parity on Wednesday, after trading close to par for most of the day. The dollar closed at 100.08 cents US, up 0.27 of a cent on Wednesday, the first time since July 2008. Don Drummond, chief economist, TD Bank Financial Group noted that adapting to ... Full story
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Loonie Opens At Parity

Loonie Opens At Parity
Today the Canadian dollar opened in Canada at 100 cents US, exact parity, and up about one tenth of a cent from Tuesday’s close. At one point today, the loonie was worth more than one U.S. dollar early Wednesday, reaching as high as 100.03 cents US overnight, before North American Trading began. The loonie did slip below ... Full story
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Loonie Reaches Parity Momentarily

Loonie Reaches Parity Momentarily
The Canadian and American dollars reached a moment on Tuesday where they were worth exactly the same, until the loonie slipped back just below the greenback. The Canadian dollar began trading officially at 99.95 cents (US) on Tuesday, which is up almost a quarter of a cent from Monday’s close. Economists believe that it is only a matter ... Full story
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TD Canada Trust Adjusts Residential Mortgage Rates

TD Canada Trust Adjusts Residential Mortgage Rates
TD Canada Trust, announced it has changed its residential mortgage rates. The changes are to take effect as of March 30th, 2010. The changes made to TD’s residential mortgage rates are below: Fixed Rate Mortgages: Fixed Rates To: Change: Six month convertible... Full story
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RBC Adjusts Residential Mortgage Rates

RBC Adjusts Residential Mortgage Rates
Today, RBC Royal Bank announced it will be changing its residential mortgage rates. The changes are to take effect as of March 30th, 2010. The changes made to RBC’s residential mortgage rate are as follows: Fixed Rate Mortgages: Three year closed 4.35% Increased by 0.20% Four year closed 5.34% Increased by 0.40% Five year closed 5.85% Increased by 0.60% Special Fixed Rate Offers: Four year closed 4.29% Increased by 0.40% Five year ... Full story
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