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Financials News

Fairfax Financial buys insurer Pethealth

Fairfax Financial buys insurer Pethealth

Fairfax Financial Holdings Ltd. has struck a deal to acquire Oakville Ont.-based Pethealth Inc. for $100 million, boosting its bet on the burgeoning pet insurance market.

Posted on 8-30-2014 at 12:53 AM

JPMorgan hack said to start months ago exploiting multiple flaws

Hackers burrowed into the databanks of JPMorgan Chase & Co. and deftly dodged one of the world’s largest arrays of sophisticated detection systems for months.

Posted on 8-29-2014 at 8:10 AM

CIBC profit rises on investment banking, wealth management

Canadian Imperial Bank of Commerce reported a higher third-quarter profit on Thursday, helped by strong gains at its wealth management and investment dealer divisions.

Posted on 8-29-2014 at 12:02 AM

TD profit climbs 38% in ‘especially strong’ third quarter

Toronto-Dominion Bank, Canada’s largest lender by assets, said third-quarter profit rose 38 per cent on higher earnings from Canadian consumer lending and investment banking.

Posted on 8-29-2014 at 12:55 AM
British Columbia, Ontario to cooperate on Yuan trading hub

British Columbia, Ontario to cooperate on Yuan trading hub

Business leaders in British Columbia and Ontario agreed to cooperate in promoting Canada as a currency trading hub for the yuan.

Posted on 8-27-2014 at 2:38 PM

National Bank of Canada profit rises on capital markets, wealth

National Bank of Canada, the country's sixth-largest lender, reported a stronger quarterly profit on Wednesday, helped by a sharp jump in earnings at its wealth management and financial...

Posted on 8-27-2014 at 8:07 AM

BMO earnings rise slightly as growth remains inconsistent

Bank of Montreal’s third-quarter earnings extended a streak of stable profits, but the lender’s bottom line has yet to demonstrate consistent growth.

Posted on 8-26-2014 at 2:05 PM

Scotiabank boosts payout as profit climbs 35% on CI Financial sale

Bank of Nova Scotia’s profit climbed to $2.4-billion in the third quarter, boosted by the sale of a large stake in CI Financial.

Posted on 8-26-2014 at 6:34 AM

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