Half of the Big Six have committed to racial equity audits in response to engagement from activist shareholders
Revenue growth across major business segments was outpaced by rising costs
CIBC and RBC economists analyze impact of recent rate hikes
A KPMG survey finds 88% of Black Canadian workers feel companies need stronger commitments and targets for hiring and promoting Black people
Canadian wealth management revenue dropped 4.6%, and AUM was down 3.9%
Knowledge about saving and investing is lacking, polls show
Household debt concerns put upward pressure on capital ratios
CIBC says it recorded a pre-tax provision of $1.17 billion related to the settlement in its Q1 results
Amid growing challenges, Canadian banks still well positioned to absorb headwinds
Ontario court rules that discount brokers' receipt of trailing commissions was not considered illegal before the June 2022 ban