On Friday afternoon, President Trump touted tariff revenue and an influx of domestic manufacturing but offered few details on the state of tariff negotiations ahead of the July 9 deadline, when the tariff pause expires. The president acknowledged that the administration won’t be able to reach deals with 200-plus countries over the next week and
Open this photo in gallery: The Bay Street Financial District in Toronto. The domestic stability buffer also affects the minimum capital levels that a bank is expected to hold.Nathan Denette/The Canadian Press Canada’s banking regulator has held steady the capital cushion that the country’s largest lenders must reserve, signalling that financial institutions are withstanding the
TEMPO.CO, Jakarta – As cryptocurrency continues to grow in adoption and market value, governments worldwide are crafting laws and regulations to address this evolving financial landscape. Among these nations, Singapore stands out as one that has recently updated its cryptocurrency regulations. While approaches may vary, Singapore and other countries share a common focus on enhancing security
Open this photo in gallery: Scotiabank is planning to deploy 90 per cent of its capital – up from 70 per cent in 2023 – to its key businesses in Canada, the U.S. and Mexico over the next few years.Fred Lum/the Globe and Mail Bank of Nova Scotia BNS-T has tapped a senior executive at
The federal government says it will introduce legislation to implement open banking at its “earliest opportunity” as some advocates warn the project’s momentum may have stalled. Open banking — or consumer-driven banking, as Ottawa calls it — is about allowing Canadians and businesses to securely share their financial data with third parties other than their
Mari Saito, Anna Koper, Anton Zverev, Filipp Lebedev, Polina Nikolskaya | Reuters A Canadian teenager was recruited to be a Russian spy Laken Pavan, a Canadian teenager, was recruited by Russia’s FSB in Donetsk in May 2024 and sent to Europe to collect military intelligence. unbranded – Newsworthy WARSAW, June 12 – The Canadian teenager was getting
Republicans, however, challenged Biden’s assertion of executive authority over the loan program and won a 2023 Supreme Court ruling that vastly scaled back debt forgiveness. Now, under the Trump-backed budget bill pending before the Senate, the loan program would be simplified and its terms made less generous to borrowers. (The House already passed the bill
G7 finance officials meeting in Banff amid US tariff pressure US won’t sign G7 statement unless it aligns with Trump priorities G7 seen uniting around Ukraine, IMF and World Bank, money laundering Climate change issues seen as source of discord Meeting will set stage for G7 leaders’ summit in June BANFF (Canada), May 20 —
BNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. Banco Santander SA has won a Canadian banking license as it continues its expansion across the Americas. Canada’s banking regulator, the Office of the Superintendent of Financial Institutions, issued an order for Santander Consumer Bank to
Questrade Financial Group Inc. moved a step closer to obtaining a banking licence in Canada, entering the final phase of a rigorous process to earn approval from the federal banking regulator. The Office of the Superintendent of Financial Institutions, or OSFI, published a notice on Friday that said the government had issued letters patent –