Banks may have to brace for higher credit losses, DBRS reports
The rise in economic uncertainty may prompt an increase in expected losses
- By: James Langton
- August 15, 2019 October 31, 2019
- 12:56
The rise in economic uncertainty may prompt an increase in expected losses
But a report shows they aren’t working as long as other Canadians
The Crown corporation has issued more than $2 billion in green bonds since 2014
The robo-advisor will provide an online platform for the firm's clients
Accenture says drop in deal value reflects the absence of a "mega transaction" in H1
Shoppers appear unconcerned about signs of economic trouble
Sales up 12.6% year-over-year
Global recession fears mounted on Wednesday
Revenue was up up 19% year-over-year, but the firm reported a net loss of $4.8 million
The yield on the 10-year Treasury briefly fell below the two-year yield on Wednesday, warning of a potential recession
The firm settled the case without admitting or denying the allegations
Fund returned 1.1% after costs during the quarter
Dow Jones Industrial Average fell 616 points this morning
Canadian Natural Resources Ltd. and Suncor Energy Inc. gained 3.10% and 2.98%, respectively
The price of a barrel of Brent crude, the international standard, got as high as US$101.59 overnight
The International Energy Agency has agreed to release 400 million barrels of oil from member nations' stockpiles
New guidance broadens range of supports that discount brokers can provide
Court grants Wealthsimple's application for closing judgment
Test will use BoC-issued wholesale digital dollars
Plus, RBC buys mortgage fintech, Fiera funds solar energy firm and EQB-PC Financial merger gets key thumbs up
But the advantages digital banks have enjoyed on fees is shrinking, as Ottawa pulls policy levers
The reversal comes just over two weeks after Houston's government tabled its budget
Gallagher will oversee Richardson rebrand under iA Financial
Plus, appointments at Harbourfront, Richardson, Manulife Investments and more
Interim Parliamentary Budget Officer Jason Jacques not extended
Favourable demographics and a rising middle class are ingredients for long-term secular growth
Rising fundraising targets, increased product launches are driving the activity: report
Plus, a slew of other fund launches, changes announced