Fitch downgrades TD Bank outlook to negative
Rating agency cites potential fallout from anti–money laundering deficiencies at the bank
- By: The Canadian Press
- May 29, 2024 May 29, 2024
- 08:49
Rating agency cites potential fallout from anti–money laundering deficiencies at the bank
Strong revenues boost earnings amid rising provisions, charges
Labour-related concerns increase, but sentiment improves regardless
A National Bank economist explains why the answer is unclear
Tougher capital rules may lead to sharply lower lending
However, StatsCan says its early estimate of the metric for April was a 0.7% increase
Grocery prices, general inflation and housing-related costs are the top sources of financial stress
Meeting minutes show that officials debated whether their benchmark rate was exerting enough of a drag on the economy
Regulator says homeowners could face payment shocks due to higher interest rates when they next renew their mortgages
Markets drove both mutual fund and ETF assets lower in April
Median price of previously occupied homes rose 5.7% to $407,600 — the tenth straight increase and a record for April
Trade deficit in April grew nearly 8% from a year earlier
Almost a third of Canadians believe the cause is grocery stores trying to increase profit margins
Net assets for year ending March 31 totalled $632.3 billion
Consumer price index shows inflation’s fall to lowest level in nearly three years but still above Bank of England's target
Open banking, fintech can enhance innovation, DBRS Morningstar says
Cost of latest trade salvo is low, but it escalates tensions, Moody's says
The slowdown from 2.9% in March was led by food prices, services and durable goods
Household debt levels rise in March, StatsCan reports
Portfolio outflows reach record levels in March, first quarter, StatsCan says
The central bank said it will reduce the minimum down payment for mortgages
Brighter earnings prospects underpin growing optimism, survey finds