SEC charges BMO US$40 million for selling 'misleading' mortgage-backed bonds
A regulator in the United States has charged a unit of the Bank of Montreal (BMO) more than US$40 million for selling ...
Made in Canada AI: Holding rank as a top world AI hub requires more investment in technology and talent
Munir also lauds Canada’s talent ecosystem for representing a “tremendous competitive advantage” with direct potential to ...
FP Dealmakers: Bay Street raises highest amount in a decade as debt, equity markets diverge
Overall, Canada’s financial sector raised about $552.8 billion through 946 deals in 2024, the highest amount raised in the past decade and up 19.5 per cent from $462.4 billion in 2023, according to ...
Mali starts executing order to seize gold stocks at Barrick mine
Mali’s military junta started executing an interim order to seize gold at a mine run by Barrick Gold Corp., escalating a dispute over the West African government’s share of revenues from the project.
'A hospitality renaissance': Canadian hotel industry swiftly bouncing back as demand for experiences rises
The hotel industry, steadily making its way back from the disastrous pandemic years in which revenues plummeted by an estimated 80 per cent in 2020, was one obvious beneficiary of “the Swift effect,” ...
EV transition runs into more trouble as Transport Canada abruptly pauses rebate program
The federal program, known as Incentives for Zero-Emission Vehicles (iZEV), was scheduled to expire in March 2025 or until funds ran out. A separate incentive program for businesses purchasing trucks ...
Canada Post says 25 per cent stamp price increase effective today
The cost to send a letter in Canada is increasing by about 25 per cent, effective today. Canada Post says the cost of stamps for domestic mail bought in a booklet, coil or pane has increased by 25 ...
Bill Ackman wants to build a 'modern-day Berkshire Hathaway'
Billionaire investor Bill Ackman has said he is seeking to build a “modern-day Berkshire Hathaway ” that takes control of companies in an attempt to transform his hedge fund into a diversified ...
Stocks and Bonds Retreat on Fed Rate-Cut Outlook: Markets Wrap
Bank of America Corp., which previously projected two quarter-point Fed rate cuts this year, said it no longer expects any, ...
Posthaste: Why a weak Canadian dollar won't stop the Bank of Canada from cutting rates
Before you get too excited, it’s not because they believe the loonie is headed for a rebound. Quite the contrary, RBC expects the Canadian dollar to fade further to 68.96 cents U.S. by the second ...
Pakistan Makes Progress on First Panda Bonds, Finance Chief Says
Pakistan is preparing to debut yuan-denominated bonds this year to shore up finances, its Finance Minister said, while the ...
S&P 500 P/E ratios suggest investors are betting on decades more of skyhigh profits
Marks wraps it up with a bow by highlighting a chart by JP Morgan Asset Management. It has 324 monthly observations (27 years x 12) from 1988 through late 2014 showing the forward P/E ratio on the S&P ...