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 ...
Spain seeks to set 100% tax on non-EU citizens buying houses
Spain wants non-European Union residents to pay as much as 100 per cent tax for home purchases in the country, a move that ...
Shopify buys pair of domain names from Emerge Commerce
EMERGE Commerce Ltd. announced Jan. 6 that it sold the domains Shop.ca and Shop.us to Canada’s largest tech company. The URLs ...
Severe weather caused record breaking $8 billion in insured losses in 2024
According to Catastrophe Indices and Quantification Inc., the cost of insured damage totalled $8.55 billion for 2024, topping ...
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 ...
Tariffs would plunge Canada into recession by mid-year
Candace Laing, chief executive of the Canadian Chamber of Commerce, talks with Financial Post’s Larysa Harapyn about the impact of Donald Trump’s presidency, and the importance of “being nimble for ...
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 ...
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 ...
Danielle Smith warns Trump's tariffs are coming and will include oil
Canadians should be prepared to face U.S. tariffs once Donald Trump assumes the presidency next week, with no exemptions for oil, Alberta Premier Danielle Smith warned after meeting the ...
BMO signs deal with alternative asset manager to expand private credit reach
BMO Financial Group has entered a partnership with alternative asset manager Canal Road Group in a deal that will enable the latter to invest up to US$1 billion in direct lending, as the Canadian bank ...
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, ...
'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,” ...