Current News Canada's Banks and Economy
With resource prices continuing to rise and the Canadian economy and the people within it continuing to outpace most of the world, keeping up with the news on Canada’s banks and the Canadian economy in general is essential.
 CBC.ca | Canada Jobless Rate Rises Unexpectedly Wall Street Journal The economy added just 2300 net new jobs and the unemployment rate rose to 7.6% from 7.5%, Statistics Canada said Friday. The consensus call was for a gain of 22000 and a steady jobless rate, according to Royal Bank of Canada. Canada Jobless Rate Rose to Nine-Month High 7.6% in January Why job growth in US is outpacing Canada Surging US jobs market may be good news for Canada |
 Globe and Mail | Canadian banks to meet with US regulators over Volcker rule Globe and Mail A group representing the Canadian banking sector is expected to meet in Washington next week with a group of US regulators, including the Federal Reserve, to talk about the Volcker rule, according to sources. The meeting comes as the Canadians, ... U.S. Regulators Weigh Volcker Exemption for Sovereign Debt Canada's top central banker on the Volcker Rule |
 CBC.ca | BofA's King Says Canada May Boost Mortgage Insurance Cap BusinessWeek 3 (Bloomberg) -- Canada may need to raise the federal housing agency's limit on mortgage insurance by 25 percent to C$750 billion ($755 billion) in the next budget to meet demand, according to Bank of America Corp. Canada Mortgage & Housing Corp. said ... Canada Fin Min Concerned Some Lenders Relaxing Mortgage Standards Mortgage pullback hints of housing crisis in Canada |
 Globe and Mail | Bank of Nova Scotia Falls on Stock Sale to Bolster Capital: Toronto Mover Bloomberg Bank of Nova Scotia fell as much as 2.4 percent after Canada's third-largest bank agreed to sell 30 million shares for C$1.51 billion ($1.51 billion) to bolster regulatory capital and finance acquisitions. The Toronto-based bank declined 46 cents, ... TSX marks third-straight positive close in choppy trading Scotiabank share sale saps TSX's momentum Scotiabank to raise $1.5 billion in common share offering to fund acquisitions |
 Proactive Investors Australia | TEXT: Fitch: Major Australian and Canadian Banks Justifiably Highly Rated but ... Reuters Link to Fitch Ratings' Report: Australian and Canadian Major Banks SYDNEY/NEW YORK/SINGAPORE, January 30 (Fitch) Fitch Ratings has published a report which reviews the main features of Australian and Canadian major banks. The report, "Australian and ... Canada and Australia Update Fitch puts Australia's big banks on negative watch Banks face ratings downgrade on funding |
This banking newsfeed by Google News.