Investors sensing a Warren Buffett moment in SNC…

In every crisis, there is opportunity. Or at least that’s what everyone from presidents like JFK to fictional villains like Littlefinger in Game of Thrones would have us all believe. It certainly sounds good, especially…

Credit quality is deteriorating in Canada, and banks…

Credit quality is deteriorating in Canada, and banks are feeling the impact. Toronto-Dominion Bank and Canadian Imperial Bank of Canada both reported fiscal first-quarter results that included higher provisions for loan losses, contributing to earnings…

CIBC settles tax fight with CRA tied to…

Canadian Imperial Bank of Commerce said Thursday that it has settled a long-running tax battle with the Canada Revenue Agency over the lender’s attempts to deduct legal settlements tied to its alleged dealings with infamous…

Canada’s big banks feel the pain from the…

Investors weren’t the only ones who took a hit when North American stock markets swooned in late 2018: It seems Canada’s biggest banks felt the pain, too. On Thursday, Canadian Imperial Bank of Commerce and…

As Canada’s big banks pile into the ETF…

Canada’s ETF industry experienced a seismic shift in January, when the world’s biggest ETF manager (BlackRock Inc.) and Canada’s biggest asset manager (owned by Royal Bank of Canada) announced they were teaming up to sell…

Move over oil, Big Data is the new…

The centrepiece of Canada’s innovation strategy is the $950-million “supercluster” initiative. The goal, according to the federal government, is for companies of all sizes, academia and the non-profit sector to collaborate on new technologies, to…