Chief executive says the bank entered the crisis from a position of strength
The bank earned $392 million, down from $1.35 billion a year ago
The outcome may be worse for the April-June quarter, economists predict
The TSX closed up 123.91 points on Wednesday
CERB has already paid out more than $41 billion, surpassing its $35-billion budget
The more pessimistic scenario could see deferred mortgages turning into foreclosures
Investor advocates have voiced concerns about the OSC’s focus
Member nations are struggling to protect healthcare systems, businesses and jobs amid pandemic
Access to one U.S. mid-cap fund has been expanded
The estimate is uncertain, due to the lack of precedent for this kind of program
Loan loss provisions increased by $2.4 billion
The bank’s loan loss provisions totalled $1.11 billion for the quarter
The bank set aside $504 million in loan loss provisions
The S&P/TSX composite index climbed 244.33 points to 32,000.10
After a record-breaking year for new product launches, old-fashioned strategies are still a solid choice for portfolios
Officials are preparing for a review of the Canada-U.S.-Mexico trade agreement in 2026
The increase is part of an effort to beef up anti-money laundering measures
Accountant allegedly found assets used to lure investors to schemes
OSC forgoes monetary sanctions, amid bankruptcy, ongoing litigation
Plus, a new TD partnership, and Toronto fintech becomes dark pool partner
Plus, Raymond James gains Richardson advisor, and promotions at BMO, CI GAM, Wellington-Altus and more
Provincial regulator can halt trading when misinformation circulates
Plus, Wellington-Alus Private Counsel and Ninepoint Partners add new talent
Also, moves at Mackenzie Investments, Edward Jones Canada and the CSA
Plus, moves at BMO Private Wealth, Fiera Capital and CIBC GAM
Mutual fund, ETF AUM rose for the seventh consecutive month
Plus, other product launches and news, including more ESG fund terminations
More than 300 new products landed in 2025 — a new record