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
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
‘LAP is suited for borrowers with a steady income, sound repayment discipline, and a clear repayment plan.’ Illustration: Dominic Xavier/Rediff With unsecured lending under pressure, banks and non-banking financial companies (NBFCs) are shifting their focus to loans against property (LAP), according to a recent report in Business Standard. Borrowers must understand the pros and
‘Switch out of an active fund if there is consistent underperformance.’ Illustration: Dominic Xavier/Rediff The expense ratios of several equity mutual funds have increased between September 2024 and March 2025, according to media reports. Investors should avoid knee-jerk reactions and respond to changes after proper thought. Why are fees increasing Total expense ratio (TER)
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 –
Illinois Gov. JB Pritzker was in Rockford on Friday to celebrate the $32 million expansion of the Rockford Mass Transit District downtown bus station and garage. The 18-month project that broke ground in November is being paid for from the Rebuild Illinois Capital Plan, a $45 billion capital improvement program. The program is also paying
Open this photo in gallery: Mark Carney was sworn in as Canada’s prime minister on March 14, taking charge of a country rattled by a breakdown in U.S. relations since President Donald Trump’s return to power.DAVE CHAN/AFP/Getty Images Mark Carney wants to move fast and build things. There was nothing subtle about the new Prime