National Bank reports $602M in Q3 profit, tops expectations
The bank slowed down on provisions for credit losses as payment deferral requests dropped
- By: The Canadian Press
- August 26, 2020 August 26, 2020
- 13:58
The bank slowed down on provisions for credit losses as payment deferral requests dropped
Jonathan Durocher talks about taking over the division in the midst of a pandemic
About 1.67 million people will receive payments of up to $600
The central bank is examining its monetary policy framework
The fall season will be a "challenging" time for the economy, the CEO says
But the financial sector saw net income increase by more than 6% before taxes
The former governor of the BoC and BoE will head ESG and impact fund investing
People are spending less on cheaper gasoline, more on pricier food
The companies have capitalized on tighter corporate spreads and strong financials
New report explores the costs and benefits of an IIROC/MFDA merger
Most of the decline is tied directly to the pandemic
But positive ratings are contingent on the province’s post-pandemic plan
Net income for the bank’s wealth management business increased 37% year over year
'Hot print' from Micron Technologies boosted enthusiasm for tech stocks, says portfolio manager
Central bank sees slowdown in wage gains from collective agreements
Rise in benchmark short-term rate to 0.75% is aimed at curbing inflation
Accountant allegedly found assets used to lure investors to schemes
OSC forgoes monetary sanctions, amid bankruptcy, ongoing litigation
Execs that previously pleaded guilty in fraud case accept regulatory sanctions
Plus, Raymond James gains Richardson advisor, and promotions at BMO, CI GAM, Wellington-Altus and more
Provincial regulator can halt trading when misinformation circulates
QAFP exam has one more sitting before title protection transition ends
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