Part 2: The Merchant Loyalty Industrial Complex Collapse  

fsim.ca/docs/Credit_cards_Part_2v4.pdf

Mark Sibthorpe

Since November 2, 2021, Loyalty Ventures Inc.'s (Airmiles) market cap has decreased from $861.42M to $2.11M, a decrease of -99.75%. This compares closely to 2018, when Aimia sold Aeroplan back to Air Canada and partners TD and CIBC for $238 million. For reference, in 2005 Aeroplan launched an IPO valuing it at $2 billion. Related to Aimia’s downfall, it had also previously sold the UK Nectar program to Sainsburys for $120 million, $580 million lower than it paid for Nectar in 2007.

This report digs under the surface and uncovers why loyalty is going the way of the dodo.

Merchants should not waste time fighting card networks  

fsim.ca/docs/Card_fees_ongoing.pdf

Mark Sibthorpe

This is part one of a two part assessment of merchant frustration due to high credit card fees. The second part of this report will outline an alternative approach that merchants can consider. An approach that is a win for them and also for the card networks.

The full story of SVB March 12th, 2023  

fsim.ca/docs/SVB_special_report2.pdf

Mark Sibthorpe

Aggregated news and research related to SVB. Apart from SVB, included in this report is related news with respect to other banks and non-traditional companies looking to add financial services that also appear risky.

March 2023 bank earnings summary  

fsim.ca/docs/bankearningsfriday.pdf

Mark Sibthorpe

This report provides a snapshot into recent bank earnings and related news as published in fsim.ca reports.

Real estate report: October 30th, 2020  

fsim.ca/docs/Oct30rereportv1.pdf

Mark Sibthorpe

The big buzz in real estate recently is Mark Carney being scooped up by Brookfield. This means more juice for riskier borrowers. Brookfield, a huge player in real estate, both residential and commercial, recently bought its remaining shares from Sagen (Genworth MI Canada), which values the company at $3.8 bn.

VersaBank’s New High-Security VPN Proving Especially Valuable During COVID-19 Pandemic  

fsim.ca/docs/TailscaleReleaseMarch30FINAL.pdf

Press Release

2014 FSIM when Bernanke visited Montreal  

fsim.ca/docs/MockBernanke.pdf

Mark Sibthorpe

Considering Bernanke is hated by the Republicans and hated even more by the Democrats, and is currently under scrutiny for saving AIG but not Lehman, (in hindsight) with respect to issues over solvency vs liquidity, the Montreal lovefest attended by 1,100 people yesterday must have been a welcome respite. Click the link to read the entire 2014 report.

Eisman's big Canadian bank short  

fsim.ca/docs/eisman2.pdf

Mark Sibthorpe

I have been reporting on Steve Eisman's short position for quite some time.  As the analyst reaction to Eisman shows (link below), Eisman has taken a lot of heat for shorting Canadian banks. Instead of capitulating, in September 2019 he publicly disclosed the fact that he added Canadian Tire to his position, He explains the rationale for this in a BNN interview late 2019. Essentially, his big concern with respect to banks was non-performing loans in Alberta. He feels Canadian bank CEOs are not prepared for a credit cycle. He specifically referenced ATB (a private bank) in discussing his concerns. Looking at the numbers today, my guess is that he has made off like a bandit.

VersaBank Beta-Testing Its New, High Volume Mortgage Finance App   

fsim.ca/docs/VBCortelMortFinanceAppFeb62020.pdf

Press Release

VersaBank announces it is initiating beta-testing on its newly developed high-volume mortgage software app with the Cortel Group, one of Canada’s largest home and condominium builders. The app, named “Direct Connect”, was designed to facilitate and significantly reduce the lengthy finance approval process typically experienced by home buyers when visiting home and condo pre-construction sales offices.

How and why you need to defend your brand against disruptors  

Mark Sibthorpe

Technology, and being open to opportunities, has preempted transformation in banking. At the top of change are Mint, PayPal and ApplePay; three examples of transformative solutions that are now ubiquitous. On the horizon: Uber and Google, both having recently announced partner based banking services. Further down in the plumbing is Duca Impact Labs, Versabank, and Revolut. This report shows how cost conscious FIs can, not only stay relevant in the face of adversity, but punch well above their weight. All thanks to creative thinking and the ongoing commoditization of technology.

Kick the can(nomics)  

fsim.ca/docs/Kick.pdf

Mark Sibthorpe

Canada has used consumer debt to provide life support to the economy. This strategy which basically pushed the day of reckoning to the next government was old back in 2014, and now is well past its sell-by-date. Recognizing this, and desperate to keep the economy out of a recession, Trudeau is spending more money now than any government in Canadian history. This report disusses a possible alternative.

ScoreCard Bill Morneau, Canada's Minister of Finance  

fsim.ca/docs/ScoreCardMorneau.pdf

Mark Sibthorpe

This report is a scorecard I designed in order to rank the performance of the current Minister of Finance, Bill Morneau. I do regular rankings because, otherwise, I cannot measure the performance in a meaningful way. The scoring is based on a variety of metrics as detailed on the ‘score-table’ on page 3. Examples of the criteria and weighting include:

Observations and overview of 2018 NB flood support from government and insurance companies.  

fsim.ca/docs/Observations and overview of 2018 NB flood support from government and insurance companies..pdf

Mark Sibthorpe

Flood aftermath is linked to post traumatic stress. Here are some findings from a study conducted by Queensland University following a flood:

"The findings showed that aftermath stress contributed to poor mental health outcomes over and above the flood itself, prior mental health issues and demographic factors," Ms Dixon said.

"Aftermath stress was the strongest predictor of post-traumatic stress symptoms with 75 per cent of people saying the most difficult aspect was the aftermath and dealing with insurance companies," she said.

With this in mind, I felt it was important to understand how New Brunswick flood victims were treated.

Update Argentina: a sign of the times  

fsim.ca/docs/Update Argentina_ a sign of the times.pdf

Mark Sibthorpe

Argentina is in the news daily because the situation is dire, and may be an indication of further contagion. The most dramatic story that speaks of the a leading cause of its troubles was the recent arrest of the public works secretary, Jose Lopez. June 15th he was caught hiding millions in cash in a monastery. No this is not a plot for a comedy.

Summary of Canada's flood news, 2017 to present  

fsim.ca/docs/Summary-of-flood-news-2017-present.pdf

Mark Sibthorpe

This report covers flood news in Canada from 2017 to present and highlights the relevent issues for home-owners and the insurance industry.

Banking on Pot  

fsim.ca/docs/c10191_banking-on-pot.pdf

SBS

As states across the US legalize marijuana for both medicinal and recreational purposes, it has fueled a growing industry of marijuana related businesses (MRBs).

Canadian banking industry overview  

Mark Sibthorpe

The industry overview is divided into 5 parts:

Introduction
Small banks
Small medium sized banks
Medium sized banks
Medium large banks

2014 Mobile payments the Apple pay way  

fsim.ca/docs/Mobile_Payments_Apple_Pay_2014.pdf

Mark Sibthorpe

With Walmart Pay about to userp Apple Pay, I thought I would share my 2014 book on mobile payments and loyalty. The guilde was written for Merchants that want to understand loyalty, credit, mobile payments and Apple Pay, but anyone involved with credit and loyalty might find it useful.
The book is a prelude to Walmart leaving MCX, and chronicles the evolution that led to Walmart Pay. There is an extensive case study of Walmart that looks into its efforts to become an ILC and to avoid paying credit card transaction fees ('merchant discount').
It offers readers a step-by-step methodology for evaluating and transforming credit and loyalty programs. The strategies are based on proven examples and industry facts. The Nectar, Target, Canadian Tire and Walmart case studies are examples of the practical approach I have taken, written with the intent that merchants can use them as blueprints for their own initiatives. 

Death to bitcoin, long live the blockchain   (See full report)

Mark Sibthorpe

Jamie Dimon calls bitcoin a fraud used by criminals, yet he has jumped into the blockchain with both feet.

TD bank industry conduct  

fsim.ca/docs/tdind2.pdf

Mark Sibthorpe

TD’s share price recently collapsed by $7 bn in one day due to CBC’s allegations of aggressive selling tactics. A huge fall from a bank that was trading at a premium as recently as January. This was even before the most recent allegation of TD attempting to avoid paying taxes on advertising.
This report chronicles the events leading up to the collapse, shows TD's performance, analyses other related issues.

Book review: Back from the Brink  

fsim.ca/docs/backbrink.pdf

Mark Sibthorpe

This is a book review of the book Back from the Brink by Paul Halpern, Caroline Cakebread, Christopher C. Nicholls and Poonam Puri.

Footnote 151  

fsim.ca/docs/footnote151.pdf

Mark Sibthorpe

Footnote 151 implies an important regulatory change related to derivative contracts. It means that US Banks will not be required to hold as much capital against commodities. If you want to understand the implications of this regulatory change in more detail, see the enclosed related article detailing the changes. For contextual purposes, I have also included two Rolling Stones Magazines reports from 2010 and 2014 that chronicle the role large US banks have played in manipulating commodities. You might question the credibility of these sources, but rest assured, these reports are based on United States Senate hearings which outline the issues in a 396 page report related to the implied risks. 

Save the Canadian economy now  

fsim.ca/docs/helecopter-money.pdf

Mark Sibthorpe

Consumer debt spending appears to have insulated Canada from the worst of the credit crisis, but now the alarming magnitude of consumer debt ($1.92-trillion) could exacerbate a day of reckoning.
This report assesses the issues at hand and recommends the solution to get Canada's economy on track.

Reasons financial service companies should consider gamification  

fsim.ca/docs/GamingEventProposal-printsample--en-final.pdf

Mark Sibthorpe

Gamification of business processes resulted on Mint.com growing to 10 million users within 4 years. This report explains how.

National Bank Special Report  

fsim.ca/docs/NatBSpec.pdf

Mark Sibthorpe

According to Bloomberg, National Bank of Canada will take a C$64 million ($48 million) restructuring charge in the fourth quarter and said its investment in Maple Financial Group Inc., which is being probed by German regulators, may be at risk of a “substantial loss.”

Will Canadian banks charge companies for deposits?  

fsim.ca/docs/depgrowthimpact2.pdf

Mark Sibthorpe

In light of today’s possible rate cut, this report discusses how a bank rate cut and capital ratio pressure could precipitate negative corporate deposit interest rates in Canada.

Canadian Tire's (CTC) - Canadian Tire Financial Services (CTFS) Scotia deal overview and risk assess  

fsim.ca/docs/ctfsfinal.pdf

Mark Sibthorpe

Review of the Canadian Tire Financial Services deal with Scotiabank, risks, opportunity and benefits.

Finance minisiter scorecard August 26, 2015  

fsim.ca/docs/Scorejo-August-2015.pdf

Mark Sibthorpe

This report looks at Joe Oliver, minister of finance’s progress to date, and assigns a grade to his government’s performance to date.

Xtreme Branch  

fsim.ca/docs/xbranch.pdf

Mark Sibthorpe

Branches are evolving to meet the digital age. This documents tracks the evolution with real-world examples.

Canadian Nudge  

fsim.ca/docs/nudge.pdf

Mark Sibthorpe

CWB cause for concern  

fsim.ca/docs/cwbupdate.pdf

Mark Sibthorpe

BNTV Overview  

fsim.ca/docs/overviewpdf.pdf

BNTV

BankNews.TV Publishing Corp services overview document:

• Analytics
• Financial services industry monitor (FSIM) industry briefings and developments reports
• Research

Challenger banks not a threat to big banks  

fsim.ca/docs/challenger.pdf

Mark Sibthorpe

This report looks at Canadian challenger banks (apart from merchant led banks) and explains why they have not threatened larger institutions. It also looks at ways in which these upstarts have achieved success.

Gamification of financial data project  

fsim.ca/docs/GamingEventProposal-printsample--en-final_original.pdf

Mark Sibthorpe

This document contains details on how BankNews.TV is helping kids learn programming via gamification of financial data.

The impact a rate rise will have for Canadian banks  

fsim.ca/docs/irr-f.pdf

Mark Sibthorpe

Canadian banks have made money throughout the credit crisis, but this trend may be about to reverse. The rational supporting this prediction is that revenue has grown despite a declining net interest margin (NIM). It has grown in spite of this fact because Canadian debt (loan lease volume) has risen significantly, as shown in chart 2.

FIFA: the new goldenballs  

fsim.ca/docs/goldenballs.pdf

Mark Sibthorpe

Yesterday, the Attorney General of Switzerland (OAG) opened criminal proceedings related to the FIFA scandal. This report outlines some of the events related to the criminal investigation, with a particular focus on banking.

Scorecard Minister of Finance: JIm Flaherty  

fsim.ca/docs/Scorecard Min Fin Flaherty April 8 2014.pdf

Mark Sibthorpe

March 18, Finance Minister Jim Flaherty resigned from cabinet after having endured a difficult year due to health issues. This report looks at his legacy and attempts to grade his government’s performance to date.

Sample RFP for a Loyalty Program  

fsim.ca/docs/sample RFP for a loyalty program.pdf

Mark Sibthorpe

Merchants extend financial services  

fsim.ca/docs/merchantfs.pdf

Mark Sibthorpe

Merchant led financial services are growing in importance once again. This is exemplified in the ongoing UK rivalry between ASDA, Sainsbury and Tesco. Together these merchant/financial service companies provide the backstop for three different approaches for merchants looking to extend their financial services.

Hot Money: real-estate  

fsim.ca/docs/hotmoney.pdf

Mark Sibthorpe

Currency Cheat Sheet: a guide for the rest of us  

fsim.ca/docs/currencycheatsheet.pdf

Mark Sibthorpe

Riches to Rags? Summary of possible risks for Genworth MI CANADA, INC.  

fsim.ca/docs/gq4risk.pdf

Mark Sibthorpe

Genworth had its Q4 2014 earnings call. Genworth own about 30% of the mortgage default insurance in Canada. Not surprisingly, the earnings call became focussed on Alberta; and for good reason, with 20% of its outstanding insured mortgage balance in Alberta, sensitivity to the oil shock and how Genworth plan to manage related risks were discussed in detail.

Canadian Western Bank Competitive Forecast  

fsim.ca/docs/cwbf.pdf

Mark Sibthorpe

Based on historical financial data (see detailed charts pages 5-8), the oil based recession in Alberta, and comparison against two of its peers, this document outlines my observation with respect to CWB’s future performances.

Liquid Canada: the tipping point  

fsim.ca/docs/Liquid.pdf

Mark Sibthorpe

This report examines liquidity issues in the Canadian financial service industry.

Bank Fees  

fsim.ca/docs/Bank fees.pdf

Mark Sibthorpe

Recently the CBC and The Globe and Mail both reported on what has been referred to as a consumer “bank fee outcry”. CBC compares banks to cable and phone companies, standing accused of trying to gouge customers with service fees. The backlash appears to have originated in conjunction with the NDP and the Consumers Council of Canada which argues that there is anxiety ‘among consumers about banking fees’.

Cheap Oil Report  

fsim.ca/docs/co2.pdf

Canada's Economy, a strategic solution  

fsim.ca/docs/ces.pdf

Mobile Payments Blueprint: guide to credit and loyalty transformation for merchants  

fsim.ca/docs/booksample.pdf

Guide to system selection  

fsim.ca/docs/gssnow.pdf

Read sample report: Guide to system selection. This sample would normally cost $99 but is available free as a sample. Click here view sample report.

SCOTIABANK SAYS TECHNICAL GLITCH THAT DISRUPTED DIRECT DEPOSIT, CHEQUE PAYMENTS HAS BEEN RESOLVED

G&M (2026-01-28)

“We are deeply sorry for the inconvenience the earlier technical issue has had on our clients, and sincerely appreciate their patience as we worked through this,” Ms.

YOUR BANK CAN CUT YOU OFF AND NEVER TELL YOU EXACTLY WHY.

G&M (2025-03-10)

A letter in the mail succinctly announces that all of your financial accounts will be shuttered.

BANK OF CANADA EXPECTED TO CUT INTEREST RATE AGAIN AS TRADE WAR WITH U.S. DISRUPTS ECONOMY

G&M (2025-03-10)

At its last rate announcement in January, the central bank lowered its benchmark rate by a quarter-percentage point, to 3 per cent, as insurance against the possibility of a trade war.

MARK CARNEY FACES IMMEDIATE TESTS IN U.S. RELATIONS AS ELECTION LOOMS

G&M - Robert Fife (2025-03-10)

Mark Carney, the two-time central banker, faces the biggest challenge of his life as he fights to win an imminent general election on the ballot question of who is best able to guide Canada through Donald Trump’s tariff war and threats to this country’s independence. Mr.

JPMORGAN JOINS GOLDMAN, HIKES EURO AREA'S 2025 ECONOMIC GROWTH FORECAST

Yahoo Finance (2025-03-10)

"This revision is primarily driven by Germany, but we also anticipate slightly stronger growth across the rest of the region from spillovers and slightly looser fiscal policy," said JPM economists in a note dated late Friday.

MARK CARNEY WINS CANADA LIBERAL CONTEST, WILL SUCCEED TRUDEAU IN DAYS

Yahoo Finance - Brian Platt and Laura Dhillon Kane (2025-03-10)

The ex-Bank of Canada and Bank of England governor won the contest to lead the Liberal Party of Canada with nearly 86% of the vote.

FEW WOMEN RISE IN RANKS IN CANADIAN REAL ESTATE, FINANCIAL INSTITUTIONS, CORPORATIONS: REPORT

Investment Executive - Noushin Ziafati (2025-03-10)

It found that in the corporate sector, the portion of women in CEO roles was 1.9%

US REGULATOR CLEARS PATH FOR BANKS TO ENGAGE IN SOME CRYPTO ACTIVITIES

Reuters (2025-03-10)

“Today’s action will reduce the burden on banks to engage in crypto-related activities and ensure that these bank activities are treated consistently by the OCC, regardless of the underlying technology," Hood said in a statement. Specifically,

CANADA'S SCOTIABANK CEO PAY RISES BY 27% AFTER STRONG YEAR

Reuters (2025-03-10)

Bank of Nova Scotia, opens new tab raised CEO Scott Thomson's salary by about 27% to C$9.76

CANADA'S RBC, NATIONAL BANK CEOS GET PAY RAISES AFTER MEGA DEALS

Reuters - Arasu Kannagi Basil and Nivedita Balu (2025-03-10)

Royal Bank of Canada, opens new tab boosted CEO Dave McKay's 2024 salary by 61% to C$24.5

THE BEST MORTGAGE RATES IN CANADA RIGHT NOW

FP - Rob McLister (2025-03-10)

1-year fixed CIBC 5.49

DOW TUMBLES NEARLY 900 POINTS, NASDAQ SUFFERS WORST DAY SINCE 2022, AS RECESSION FEARS MOUNT

G&M - Darcy Keith (2025-03-10)

Fears that uncertainty over trade tariffs will send the U.S.

‘STARTING TO LOOK UGLY’: WHAT MARKET OBSERVERS ARE SAYING ABOUT WALL STREET’S SELLOFF

G&M (2025-03-10)

Major U.S.

ELON MUSK CLAIMS X BEING TARGETED IN 'MASSIVE CYBERATTACK' AS SERVICE GOES DOWN

Yahoo Finance - Michelle Chapman And Barbara Ortutay (2025-03-10)

Reese said the likelihood that a state actor is behind the outages “doesn't make a lot of sense” given their short duration — unless it was a warning for something larger to come.

TRUMP’S TRADE THREATS ARE STARTING TO HIT CANADIAN CREDIT MARKET

Yahoo Finance (2025-03-10)

“One could infer that the trade war is already impacting the ability of Canadian corporates to fund at competitive levels in their domestic market,” said Etienne Bordeleau, vice president and portfolio manager at NinePoint Partners LP.

STANDARD CHARTERED LAUNCHES EXCLUSIVE INVESTMENT CLUB FOR ULTRA-WEALTHY CLIENTS

Yahoo Finance (2025-03-10)

"Ultra-high-net-worth individuals are increasingly looking beyond traditional investment solutions to access the private markets," said Raymond Ang, global head of private bank and affluent clients at Standard Chartered.

RBC CUTS UNDISCLOSED NUMBER OF STAFF AMID 'GROWTH STRATEGY'

BNN (2025-03-10)

Canada’s largest bank says the cuts come amid changes meant to “better position RBC to take advantage of our global scale, simplify how we work and elevate the leaders and talent who will shape our client-focused growth opportunities.”

CANADA’S NEXT PM WORKING W/VANCOUVER “CONDO KING” ON FOREIGN INVESTMENT

Better Dwelling (2025-03-10)

Canada’s next leader hasn’t officially assumed the role, but he’s already looking to stimulate real estate.

OSC ALLEGES EMERGE CANADA BREACHED DUTIES TO INVESTORS WITH SELF-DEALING LOANS

Investment Executive (2025-03-10)

The OSC alleges Emerge acted in its own interests by knowingly taking an estimated $6 million of investor money in self-dealing loans over a period of nearly four years, starting in 2019 — “most of which was used to prop up its own businesses that were experiencing financial distress,” the

FINRA FINES ROBINHOOD $26 MILLION FOR RULES VIOLATIONS

Investment Executive - Alisha Hiyate (2025-03-10)

FINRA also found that Robinhood Financial’s disclosure to customers of its practice of collaring market orders — converting them to limit orders — was inaccurate or incomplete.

MOUNTING CYBER AND GEOPOLITICAL RISKS FOR FINANCIAL INSTITUTIONS: REPORT

Investment Executive - Jonathan Got (2025-03-10)

“Geopolitical tensions are creating an environment of unpredictability, where businesses may hesitate to invest or expand due to fears of sudden policy changes or retaliatory measures.

SWISS BANK J. SAFRA SARASIN TO BUY MAJORITY STAKE IN SAXO BANK FOR $1.2 BILLION

WSJ (2025-03-10)

Swiss private banking group J.

BARCLAYS CHAIR TOLD FCA EPSTEIN-STALEY TIES DID NOT NEED BOARD REVIEW IN 2019

Reuters (2025-03-10)

Staley, who took to the witness box on Monday and said in his witness statement that his reputation is "irretrievably damaged", is challenging the Financial Conduct Authority's (FCA) decision to ban him from working in the British finance industry in a London court after the watchdog decided he misled it

BANKS AND FINTECHS SEE STABLECOINS’ CROSS-BORDER PAYMENTS POTENTIAL

Pymnts (2025-03-10)

“The other thing that’s driven it is there’s real volume,” he said.

GET READY FOR AN ECONOMIC SHOCK OF HISTORIC PROPORTIONS AND A LOONIE BELOW 63 US CENTS

G&M (2025-03-07)

In the next few months and quarters, American households will no longer be blaming Joe Biden for an inflation breakout, especially for goods that are essentials.

FIXED MORTGAGE RATES EXPECTED TO DROP AS TARIFF THREATS DRIVE DOWN BOND YIELDS

G&M (2025-03-07)

Canadian lenders set their long-term fixed mortgage rates based on the performance of the bond market, which fell sharply in the days leading to Mr.

NATIONAL BANK SETS $20-BILLION RENEWABLE ENERGY FUNDING TARGET

G&M (2025-03-07)

National Bank NA-T says it’s aiming to reach $20-billion in renewable energy lending commitments by 2030 as part of its net-zero emissions push, even as the U.S.

RBC PAID CEO $26-MILLION LAST YEAR, INCLUDING AN AWARD FOR HSBC CANADA ACQUISITION

G&M - David Milstead (2025-03-07)

Royal Bank of Canada RY-T paid chief executive officer Dave McKay nearly $26-million last year, a 60-per-cent raise from his prior-year compensation. The

NIPPON LIFE IS SAID TO CONSIDER BUYING STAKE IN INDUSIND BANK

Bloomberg - Baiju Kalesh and Preeti Singh (2025-03-07)

Nippon Life Insurance Co.’s

TRUMP DELAYS CANADA, MEXICO TARIFFS FOR GOODS UNDER TRADE PACT

Bloomberg (2025-03-07)

President Donald Trump exempted Mexican and Canadian goods covered by the North American trade agreement known as USMCA from his 25% tariffs, offering major reprieves to the US’s two largest trading partners. Trump

BASEL III FREEZE THREATENS ‘CHAIN REACTION’: FITCH

Investment Executive (2025-03-07)

“The U.K.

BANKS WARN THAT CONSUMERS COULD BE HIT HARDER BY TARIFFS THAN OTHER GROUPS, AS LAYOFFS LOOM

G&M (2025-03-06)

Canadian banks are cautioning that consumers could be hit harder by tariffs than other groups as layoffs loom and businesses pause expansion plans. At

'A GREY CLOUD': ANALYSTS SCALE BACK PRICE TARGETS ON CANADIAN BANKS

Yahoo Finance (2025-03-06)

Writing that “trade uncertainty casts a grey cloud over the banks,” Canaccord analyst Matthew Lee lowered the price-to-earnings (P/E) multiple target for the group of banks from 11.8x

GERMAN BONDS EXTEND WORST DROP SINCE 1990 AS SELLOFF SPREADS

Yahoo Finance (2025-03-06)

“Today is a stark reminder that bond yield levels are determined globally,” said Martin van Vliet, global macro fixed income strategist at Robeco.

KLARNA TO FILE FOR $1 BILLION-PLUS IPO AS SOON AS NEXT WEEK

Yahoo Finance (2025-03-06)

The payments business aims to price the IPO in early April, the people said, asking not to be identified as the information isn’t public.

TD BANK SETS NEW CEO'S PAY AT $7.9 MILLION, CUTS US CHIEF'S SALARY

Yahoo Finance (2025-03-06)

Chun's compensation target for 2025 was raised to C$12 million as he assumed the CEO role.

BMO, RBC SAY INTEREST RATES COULD FALL HARDER AND FASTER WITH TARIFFS IN PLAY

BNN (2025-03-06)

“Without tariffs, we expected the BoC to gradually cut rates to 2.25

AN ALL-AMERICAN FINANCE EMPIRE DREW BILLIONS—AND A REGULATOR’S ATTENTION

Bloomberg - Emily Graffeo and Max Abelson (2025-03-06)

Jim Bowen has a salesman’s knack for making a dusty old spiel sound splendid.

TORONTO REAL ESTATE PRICES RISE DESPITE SALES COLLAPSING 25% LOWER

Better Dwelling (2025-03-06)

Fewer buyers and more sellers helped to push the sales to new listings ratio (SNLR) higher.

CREDIT CARD PERFORMANCE DETERIORATING: FITCH

Investment Executive (2025-03-06)

Specifically, Fitch reported that the delinquency rate (bills that are more than 60 days past due) rose to 1.2%

FCA FINALLY BANS BANKERS

Investment Executive (2025-03-06)

According to the FCA’s orders, Pearse admitted receiving US$45 million in kickbacks for his role in arranging US$1.3

VERSABANK FIRST QUARTER 2025 RESULTS CONTINUE TO DEMONSTRATE STRENGTH OF BUSINESS MODEL AS BANK RAMPS UP PROVEN RPP SOLUTION IN US MARKET

VersaBank (2025-03-06)

Mr.

ECONOMIC THREATS FROM U.S. SAP CANADIAN HOUSING MARKET, TORONTO SALES DROP 28.5% IN FEBRUARY

G&M (2025-03-05)

Economic threats from the United States are reverberating in the Canadian housing market, pushing some prospective homebuyers back to the sidelines after they had waited for months for borrowing costs to drop. Home

TD BANK PLANS TO GIVE U.S. HEAD $2-MILLION RETENTION AWARD

G&M (2025-03-05)

Toronto-Dominion Bank TD-T will award its head of U.S.

OSC ANNOUNCES ALLEGATIONS OF FRAUD AGAINST JASON CLOTH AND CREATIVE WEALTH MEDIA FINANCE CORP.

OSC (2025-03-05)

The OSC alleges Cloth, a Toronto resident, and Creative Wealth raised over $500 million from investors across Ontario, Canada and the U.S.,

ODDS OF BANK OF CANADA INTEREST RATE CUT NEXT WEEK RISE AS TRUMP TARIFFS GO INTO EFFECT

Yahoo Finance - Alicja Siekierska (2025-03-05)

Canada has responded to Trump's tariffs, unveiling 25 per cent retaliatory tariffs on $30 billion worth of goods on Tuesday.

BLACKROCK'S PANAMA CANAL DEAL IS LATEST WIN FOR CHIEF LARRY FINK'S STRONG START TO TRUMP ERA

Yahoo Finance - David Hollerith (2025-03-05)

The latest came Tuesday as the world’s largest money manager announced that a BlackRock-led investment coalition would take control of two key ports on either end of the Panama Canal for the price of $22.8

NEW ZEALAND’S CENTRAL BANK FAILS TO SHED LIGHT ON WHY GOVERNOR QUIT

Yahoo Finance (2025-03-05)

The departure of Orr, 62, comes at a critical juncture for New Zealand as the RBNZ cuts interest rates to spur a recovery from recession.

OPENING-BELL STOCK SELLOFF FUELED BY A RECORD-SETTING RETREAT

BNN (2025-03-05)

“There is likely some profit-taking going on because those with a lower risk tolerance will likely stay on the sidelines until some of the tariff uncertainty clears,” said Jim Worden, chief investment officer of Wealth Consulting Group.

PRIVATE CREDIT EYEING RESCUE FINANCING AND SEEING STRESS SIGNS

BNN (2025-03-05)

“We have an asset class that 95% haven’t invested through a cycle or when rates weren’t zero,” Koch said.

ODD LOTS: RAY DALIO ON THE COMING CRISIS IN US DEBT

Bloomberg (2025-03-05)

Almost whichever way you measure it, the US has a lot of debt.

FSB TAPS BOC’S MACKLEM TO HEAD OVERSIGHT GROUP

Investment Executive - James Langton (2025-03-05)

“At a time when the financial landscape is rapidly evolving, identifying and addressing vulnerabilities is paramount to maintaining global financial stability,” FSB chair Klaas Knot said in a release.

BANK OF ENGLAND PLANS TO EASE LEVERAGE RULES ON UK LENDERS

FT (2025-03-05)

The Bank of England has proposed lifting the size threshold that restricts how much British banks can borrow to fund their activities. The

PRIVATE EQUITY INDUSTRY SHRINKS FOR THE FIRST TIME IN DECADES

FT (2025-03-05)

Private equity assets under management fell last year for the first time in decades as investors confronting a $3tn backlog of ageing and unsold deals pulled back from committing new funds to the sector. Buyout

TRUDEAU TO UNLEASH COUNTERTARIFFS AS TRUMP DECLARES TRADE WAR

G&M - Steven chase, Laura Stone (2025-03-04)

Prime Minister Justin Trudeau vowed economic retaliation against the U.S.,

WELLTOWER TO BUY AMICA PORTFOLIO FROM ONTARIO TEACHERS’ PENSION PLAN FOR $4.6-BILLION

G&M (2025-03-04)

Real estate income trust Welltower WELL-N is set to expand its operations in Canada by acquiring luxury senior homes operator Amica Senior Lifestyles’ portfolio from the Ontario Teachers’ Pension Plan for $4.6-billion,

COURT APPROVES SETTLEMENT DEAL FOR TD MUTUAL FUND INVESTORS

G&M - Clare O'Hara (2025-03-04)

An Ontario Court has approved an $8.5-million

FAIRFAX FOUNDER PREM WATSA DONATES $10-MILLION TO LAUNCH CENTRE FOR FREE ENTERPRISE

G&M - Andrew Willis (2025-03-04)

Self-made billionaire Prem Watsa is worried Canadian business is losing touch with its entrepreneurial roots. To

INFLATION EASES TO 2.4% IN EUROPE, SUPPORTING LIKELY CENTRAL BANK RATE CUT

Yahoo Finance - David McHugh (2025-03-04)

The February figure for the 20 countries that use the euro currency was down from 2.5%

CITI COPY-PASTE ERROR ALMOST SENT $6 BILLION TO WEALTH ACCOUNT

Bloomberg - Todd Gillespie (2025-03-04)

Citigroup Inc.

FUND GIANT BLACKROCK IS OUT TO UNITE PUBLIC AND PRIVATE MARKETS

Bloomberg (2025-03-04)

Asset management has two great kingdoms.

OPEN QUESTIONS ABOUT OPEN BANKING

Investment Executive - Jonathan Got (2025-03-04)

A second open banking bill, expected to become law in 2024, was thrown off track when Parliament was prorogued at the request of outgoing Prime Minister Justin Trudeau.

U.S. PAUSES ALL MILITARY AID TO UKRAINE

WSJ - Nancy A. Youssef Follow, Alexander Ward Follow and Jared Malsin (2025-03-04)

A senior administration official said all of Trump’s top national security advisers agreed with the decision to pause the aid after several meetings on the issue.

ALTERNATIVE LENDER GOEASY NAMES FORMER SCOTIABANK EXECUTIVE DAN REES AS CEO

G&M - James Bradshaw (2025-03-03)

Alternative lender Goeasy Ltd.

CANADA'S BIG BANKS PUSH FOR REFORMS IN OTTAWA TO CONFRONT TARIFF RISKS

Yahoo Finance - Nivedita Balu (2025-03-03)

"The current situation is also a clear signal that Canadian governments and businesses must pull together to remove the obstacles that hold back national productivity and strengthen our competitiveness," TD Bank CEO Raymond Chun told analysts.

THERE'S 'NEAR UNIVERSAL AGREEMENT' THE FED WILL CUT 3X IN 2025

Yahoo Finance - Josh Lipton and Julie Hyman (2025-03-03)

"The signs of the consumer, which has been holding up the fabulous and wonderful GDP growth that we've experienced ...

BROOKFIELD SEES £500 BILLION OPPORTUNITY IN UK PENSIONS FORAY

Yahoo Finance - Leonard Kehnscherper (2025-03-03)

The move will see the business, which was spun out of Brookfield Corp.

NATIONAL BANK SET TO BUILD ON ‘TERRIFIC’ M&A TRACK RECORD AS EARNINGS BEAT: CIO

BNN (2025-03-03)

“All the acquisitions that they’ve made have been really homeruns… National has a terrific track record of acquisitions and Canadian Western Bank really underperformed for many years, so hopefully the tide will turn for them,” he said.

OMERS WRITES DOWN US$325 MILLION INVESTMENT IN BANKRUPT NORTHVOLT

BNN (2025-03-03)

“At the time we made the investments, Northvolt represented an attractive growth opportunity supported by several other of the world’s most respected investors,” a spokesperson for the pension manager said by email.

EUROPE’S ESG RISK RULES TOO COMPLEX FOR SMALL BANKS, KUKIES SAYS

Bloomberg (2025-03-03)

European Union guidelines for how banks should deal with environmental risks are too cumbersome for small lenders, according to German Finance Minister Joerg Kukies. “We’re

WHAT SLOWDOWN? CANADIAN GDP TOPS BOC CALL, PAST DATA GETS MORE REVISIONS

Better Dwelling (2025-03-03)

Canadian economic output significantly topped every estimate of its economy.

LAURENTIAN BANK REPORTS $38.6M Q1 PROFIT

Investment Executive (2025-03-03)

Laurentian had $18.8

BLACKROCK’S ‘WOKE’ ERA IS OVER

WSJ - Jack Pitcher (2025-03-03)

When BlackRock BLK 3.48%increase;

VERSABANK TO HOST FIRST QUARTER FISCAL 2025 FINANCIAL RESULTS CONFERENCE CALL/WEBCAST WEDNESDAY, MARCH 5

VersaBank (2025-03-03)

VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK) will report its first quarter 2025 financial results and host a conference call to discuss those results on Wednesday, March 5, 2025.

BIG SIX BANK EARNINGS BEAT EXPECTATIONS, BUT EXECUTIVES WARN OF TARIFF RISKS

G&M - Stefanie Marotta (2025-02-28)

Canada’s biggest banks are warning that a looming trade war with the United States would further pressure the country’s slowing economic growth, prompting businesses to hold off on investment plans and deal making. The

SCOTIA’S CANADIAN WEALTH MANAGEMENT HEAD SET TO RETIRE, TWO LEADERS TAKING OVER IN DIVISION REVAMP

G&M - Clare O'Hara (2025-02-28)

Bank of Nova Scotia BNS-T is reshuffling its Canadian wealth management leadership as 40-year bank veteran Alex Besharat announces plans to retire in February, 2026. On

CANADA'S AAA CREDIT RATINGS ARE SAFE FROM US TARIFFS; PROVINCES MORE AT RISK

Yahoo Finance (2025-02-28)

British Columbia and Nova Scotia, though not heavily exposed to exports to the U.S.,

FRENCH, ITALIAN INFLATION FIGURES SUPPORT CASE FOR ECB RATE CUTS FRENCH, ITALIAN INFLATION FIGURES SUPPORT CASE FOR ECB RATE CUTS

Yahoo Finance (2025-02-28)

Consumer prices in France rose 0.9%

TUMBLING TESLA SHARES LEAVE INVESTORS BRACING FOR MORE LOSSES

Yahoo Finance - Esha Dey (2025-02-28)

Shares of the Elon Musk-led electric-vehicle company are down about 40% from their late 2024 high, a reversal that accelerated in recent days after data showed Tesla’s European car sales nearly halved in January.

SAUDI WEALTH FUND BLOCKS PWC FROM ADVISORY WORK FOR ONE YEAR

Yahoo Finance (2025-02-28)

The PIF’s decision comes two years after PwC received a license to open its regional headquarters in the kingdom, where it employs more than 2,000 people across Riyadh, Jeddah, AlUla, Al Khobar and Dhahran.

CANADA TECH FIRM SHOPIFY FUELS FEAR OF US MOVE WITH FILING CHANGE

Bloomberg (2025-02-28)

The Ottawa-founded company filed a 10-K annual report on Feb.

SEVEN & I BUYOUT COLLAPSE OPENS DOOR FOR COUCHE-TARD TALKS

BNN (2025-02-28)

“I have felt the MBO proposal by the founding family was a bit unrealistic,” said Yasuo Sakuma, president at Libra Investments.

BITCOIN DOWN 25% FROM ALL-TIME HIGH AS CRYPTO ROUT WORSENS

Bloomberg (2025-02-28)

A rout in Bitcoin deepened on Friday as investors rushed to safe assets in the wake of US President Donald Trump’s latest tariff threats, marking a dramatic reality check for one of the most popular Trump trades. The

DOUG FORD REMAINS TOP DOG IN ONTARIO, BUT PCS DROP SEATS IN TORONTO

Global News - Kevin Neilsen (2025-02-28)

Across a large portion of Ontario, Doug Ford cruised to a third consecutive majority government but once again fell flat in the downtown core of Toronto on Thursday night.

CANADIANS FACE THE WORST JOB MARKET IN 7 YEARS AS JOB VACANCIES PLUNGE

Better Dwelling (2025-02-28)

Falling job vacancies means one of two things, depending on whether the economy is improving or eroding.

SEC SAYS ‘MEME’ COINS AREN’T SECURITIES

Investment Executive (2025-02-28)

On Thursday, the SEC declared that these cryptoassets typically don’t meet the definition of securities, and therefore aren’t subject to securities laws, or basic investor protections, and don’t need to be registered.

GLOBAL HOUSE PRICES CONTINUE SLIDE: BIS

Investment Executive (2025-02-28)

The BIS said that about 60% of the countries it tracked recorded higher prices in the third quarter, but large drops in China (down 9%), Türkiye (down 14%) and South Africa (down 3%) drove the global decline.

TD BANK GROUP REPORTS $2.79B Q1 PROFIT

Investment Executive (2025-02-28)

TD Bank Group’s restructuring is well underway, said chief executive Raymond Chun, as the bank works to complete its anti-money laundering reforms and prepare for growth despite imposed U.S.

CIBC POSTS $2.2B Q1 PROFIT

Investment Executive (2025-02-28)

On an adjusted basis, CIBC says it earned $2.20

CONSERVATIVES ACCUSE MARK CARNEY OF MISLEADING CANADIANS ABOUT ROLE IN BROOKFIELD’S MOVE TO NEW YORK

G&M - Stephanie Levitz (2025-02-27)

Liberal leadership candidate Mark Carney says he was no longer the chair of a major investment company when the formal decision was made to move its headquarters to the United States, but company records show the relocation was completed during his tenure. The

QUEBEC PENSION GIANT CAISSE REPORTS 9.4% RETURN AS IT BRACES FOR ECONOMIC TURBULENCE FROM THE U.S.

G&M - Nicolas Van Praet (2025-02-27)

On the heels of a 9.4-per-cent

THE TWO-PART CHALLENGE FOR PEOPLE RENEWING MORTGAGES IN 2025 - HIGHER MORTGAGE RATES AND LOWER HOME VALUES

G&M (2025-02-27)

This year, she’s taking a break.

COUCHE-TARD TAKEOVER TARGET SEVEN & I TO SCRAP $58-BILLION MANAGEMENT BUYOUT

G&M (2025-02-27)

Japan’s Seven & I Holdings said on Thursday the retailer’s founding Ito family could not secure the financing required for a $58-billion management buyout, and it would consider a rival offer from Canada’s Alimentation Couche-Tard. “There

AXA PLANS UP TO €1.2 BILLION BUYBACK AS EARNINGS BEAT ESTIMATES

Yahoo Finance - Claudia Cohen (2025-02-27)

Axa said it’s on track to meet the targets in strategic plan.

NATIONAL BANK SET TO BUILD ON ‘TERRIFIC’ M&A TRACK RECORD AS EARNINGS BEAT: CIO

BNN - Jordan Fleguel (2025-02-27)

In an interview with BNN Bloomberg on Wednesday, Barry Schwartz, a chief investment officer and portfolio manager at Baskin Wealth Management, called National Bank a “terrific operator” in the M&A space.

CANADIAN BUSINESS GROWTH JUST FLATLINED TO THE LOWEST LEVEL SINCE 2021

Better Dwelling (2025-02-27)

Canadian businesses are still navigating a tough environment.

NATIONAL BANK REPORTS $997M Q1 PROFIT

Investment Executive (2025-02-27)

The bank says its adjusted profit, which excludes items related to its acquisition of Canadian Western Bank, amounted to $2.93

ASSET OWNERS CALL ON CANADIAN BANKS TO STICK WITH CLIMATE GOALS

Investment Executive (2025-02-27)

Canadian banks that left the alliance including RBC, TD, BMO, CIBC, Scotiabank and National Bank said they have the internal capabilities to follow through on their climate commitments independently.

CANADIAN BANKS A ‘VERY GOOD PLACE’ FOR INVESTORS TO BE AMID TARIFF THREATS: PORTFOLIO MANAGER

BNN - Daniel Johnson (2025-02-27)

BMO and Scotiabank both cited the possible impact tariffs could have on the performance of loans not yet in default, Bloomberg News reported.

EQB RELEASES Q1 RESULTS WITH MILESTONE ADJUSTED EPS AND TOTAL AUM AND AUA REACHING $132 BILLION, INCREASES DIVIDEND 21% Y/Y

Equitable (2025-02-27)

EQB Inc.

SCOTIABANK AND BMO PLAN FOR TARIFF HITS TO CANADA’S ECONOMY AS A POTENTIAL TRADE WAR ESCALATES TENSIONS WITH U.S.

G&M - Stefanie Marotta (2025-02-26)

Bank of Montreal BMO-T and Bank of Nova Scotia BNS-T are setting aside provisions for potential loan losses to mitigate the threat of tariffs and escalating tensions with the United States as clients start to press pause on borrowing and investment. In

SCOTIABANK BEATS ESTIMATES ON BETTER-THAN-EXPECTED PROVISIONS FOR LOAN LOSSES

G&M - Stefanie Marotta (2025-02-26)

Bank of Nova Scotia BNS-T posted first-quarter earnings that topped analyst expectations on lower-than-expected provisions for sour loans, even as profit slumped as the lender rejigged its international business. Scotiabank

BANK OF MONTREAL TOPS ESTIMATES WITH PROFIT BOOST AS CAPITAL MARKETS ACTIVITY SURGES

G&M - Stefanie Marotta (2025-02-26)

Bank of Montreal BMO-T posted higher first-quarter profit that topped analysts’ estimates as capital markets activity surged. BMO

INDONESIA, HOME TO GIANT GOLD MINE, LAUNCHES BULLION BANKING

Yahoo Finance (2025-02-26)

Erick Thohir, minister of state-owned enterprises, said Indonesians privately held about 1,800 tons of gold.

MUNICH RE FACES $1.3 BILLION IN CLAIMS FROM LOS ANGELES INFERNO

Yahoo Finance (2025-02-26)

Analysts have estimated insurance claims across the industry could total $45 billion.

TD IGNITES ITS COMEBACK FOR 2025

BNN (2025-02-26)

VP and head of portfolio management at Tacita Capital Garnet Anderson discusses his outlook for TD following a year of controversary.

MEET SEVEN OF AMERICA’S TOP PERSONAL FINANCE INFLUENCERS

Bloomberg (2025-02-26)

Make room, Suze Orman and Jim Cramer, for a new generation of people with access to a camera and some financial wisdom to share.

TORONTO & VANCOUVER REAL ESTATE DEMAND IS AMONGST THE WEAKEST IN CANADA

Better Dwelling (2025-02-26)

On the flip side, Canada’s weakest markets were close to some of the weakest prints on record.

EUROPE’S GLOBAL BANKS THRIVING: MOODY’S

Investment Executive (2025-02-26)

“Aggregate revenue grew 8% in the quarter, driven by 24% growth in capital markets revenue, reflecting continued strong market activity and a rebound in deal activity,” the report said.

MORTGAGE DEFAULTS CLIMB IN ONTARIO AS HOMEOWNERS FACE RENEWAL AT HIGHER RATES

G&M - RACHELLE YOUNGLAI (2025-02-25)

More Ontario homeowners are missing their mortgage payments, according to new data, which suggests they are struggling with higher rates when they renew their loans. The

CANADIAN BANKS EXPECTED TO BUILD RESERVES TO CUSHION TARIFF UNCERTAINTY

Yahoo Finance (2025-02-25)

The banks have already been putting aside more funds to cover any souring loans due to continued high Canadian unemployment, which has fuelled investor concerns despite some more robust economic data recently.

BERKSHIRE HATHAWAY SHARES SET NEW HIGH FOLLOWING RECORD PROFIT

Yahoo Finance - Jonathan Stempel (2025-02-25)

The conglomerate's Class A shares closed up $28,735.49,

CANADA INFRASTRUCTURE BANK LOANING AUSTRALIAN EV CHARGING COMPANY JOLT $194M

Yahoo Finance (2025-02-25)

The Canada Infrastructure Bank has signed a deal to loan $194 million to Australian electric vehicle charging company Jolt, to help it grow its network in Canadian cities.

SCOTIABANK'S FIRST-QUARTER PROFIT DROPS ON IMPAIRMENT CHARGES

Yahoo Finance (2025-02-25)

It reported a profit of C$993 million, or 66 Canadian cents apiece, for the quarter ended January 31, compared with C$2.2

WELLS FARGO REVS UP FX OPTIONS IN LATEST SWING AT TRADING GROWTH

Bloomberg (2025-02-25)

Wells Fargo & Co.

SCOTIABANK TOPS ESTIMATES ON LOAN INCOME, CREDIT PROVISIONS MISS

Bloomberg (2025-02-25)

Bank of Nova Scotia beat estimates as it benefited from lower funding costs after the country’s central bank cut interest rates by 200 basis points since last June, even as it set aside more money than expected for possibly bad loans. The

BMO BEATS ESTIMATES AS CAPITAL MARKETS POST STRONG PERFORMANCE

Bloomberg (2025-02-25)

Bank of Montreal beat estimates as it benefited from strong performance in its capital-markets business and set aside less money than expected to cover possible loan losses. The

BANK OF CANADA TO HOLD RATES, ECONOMY STRONGER THAN THOUGHT: RBC

Better Dwelling (2025-02-25)

“We expect the signs of life in the household sector and upside inflation surprises in recent months will be enough for the BoC to stand pat on interest rates in March for the first time since June 2024,” explained Janzen.

THE U.S. ECONOMY DEPENDS MORE THAN EVER ON RICH PEOPLE

WSJ - Rachel Louise Ensign (2025-02-25)

Many Americans are pinching pennies, exhausted by high prices and stubborn inflation.

HOW THE STATE IS PROPPING UP CHINA’S HOUSING MARKET

FT (2025-02-25)

Throughout a property crisis that began with the default of Evergrande in 2021, developers have continued to buy residential sites — especially in China’s capital and other wealthy cities.

BANKS DOWNGRADE TOP SUSTAINABILITY ROLES

FT (2025-02-25)

Leading global banks have downgraded their top sustainability roles and shrunk dedicated teams as a result of slower-than-expected climate action and a backlash set off by Republican politicians in the US. HSBC,

WHAT JAMIE DIMON’S VIRAL LEAKED RECORDING TELLS US

FT (2025-02-25)

Bank “town hall” speeches rarely make waves, but a leaked recording of JPMorgan Chase chief executive Jamie Dimon speaking to employees in Ohio went viral recently across Wall Street and the City of London. In

SCOTIABANK SAYS TECHNICAL GLITCH THAT DISRUPTED DIRECT DEPOSIT, CHEQUE PAYMENTS HAS BEEN RESOLVED

G&M (2026-01-28)

“We are deeply sorry for the inconvenience the earlier technical issue has had on our clients, and sincerely appreciate their patience as we worked through this,” Ms.

YOUR BANK CAN CUT YOU OFF AND NEVER TELL YOU EXACTLY WHY.

G&M (2025-03-10)

A letter in the mail succinctly announces that all of your financial accounts will be shuttered.

BANK OF CANADA EXPECTED TO CUT INTEREST RATE AGAIN AS TRADE WAR WITH U.S. DISRUPTS ECONOMY

G&M (2025-03-10)

At its last rate announcement in January, the central bank lowered its benchmark rate by a quarter-percentage point, to 3 per cent, as insurance against the possibility of a trade war.

MARK CARNEY FACES IMMEDIATE TESTS IN U.S. RELATIONS AS ELECTION LOOMS

G&M - Robert Fife (2025-03-10)

Mark Carney, the two-time central banker, faces the biggest challenge of his life as he fights to win an imminent general election on the ballot question of who is best able to guide Canada through Donald Trump’s tariff war and threats to this country’s independence. Mr.