CashNews.co Scotiabank reported a higher fourth-quarter profit than last year, but missed market expectations. (Credit: Bloomberg) Bank of Nova Scotia chief executive Scott Thomson says he has a “high level of confidence” that the Toronto-based lender can meet its earnings goals in the next two years despite the ongoing economic uncertainty. Some economists have raised […]
CashNews.co CALGARY — Enbridge Inc. raised its quarterly dividend for next year as it released its financial guidance for 2025. The pipeline company says it will pay a quarterly dividend of 94.25 cents per share, up from 91.5 cents per share, effective March 1. The increased payment to shareholders amounts to an annualized dividend of […]
CashNews.co What’s going on here? Canada’s major sectors are about to reveal their financial health as companies from finance, tech, retail, and manufacturing get ready to release earnings in the coming week. What does this mean? Earnings season offers a peek into the performance of Canada’s diverse industries, providing crucial insights for investors and analysts […]
CashNews.co Wildfires swept through the Alberta town of Jasper in July. (Credit: Postmedia) From the wildfires that tore through Jasper this summer to torrential rain in Toronto, natural disasters are taking an increasing toll on Canada. There have been 38 per cent more natural disasters — floods, wildfires, extreme storms and droughts — in Canada […]
CashNews.co Canada’s slow and winding path to adopting crucial sustainable finance rules must not be derailed by political instability in the European Union and the United States, despite political headwinds in countries that have provided much of the rationale for federal action, a Canadian expert says. In the multi-year lead-up to Finance Minister Chrystia Freeland’s […]
CashNews.co Image source: Getty Images Written by Amy Legate-Wolfe at The Motley Fool Canada Investing in exchange-traded funds (ETFs) within a Tax-Free Savings Account (TFSA) is a savvy strategy for Canadians aiming to grow their wealth over the long term. ETFs offer diversification, cost efficiency, and simplicity, making them ideal for TFSAs, where investment income […]
CashNews.co Two senior Cabinet ministers in Ottawa are facing down a 30-day deadline to report back on what they’re doing to get Canada’s financial system in line with the country’s climate commitments. The pressure is coming from the House Committee on Environment and Sustainable Development, where a motion last week by MP Monique Pauzé (BQ-Repentigny) […]
CashNews.co Breadcrumb Trail Links News Economy The dollar is hovering around 71 cents U.S. with presidential inauguration still two months away Published Dec 02, 2024 • Last updated 2 hours ago • 6 minute read You can save this article by registering for free here. Or sign-in if you have an account. The Canadian dollar has […]
CashNews.co Joe Baradziej was surprised to discover, at the beginning of April, that low-fee money transfer platform Wise had closed a multicurrency account he’d been using for travelling and for some one-off expenses in Canada. But what soon became far more concerning was that the company did not automatically refund his leftover balance, which amounted […]
CashNews.co The Canadian regulatory environment, along with “persistent broadband pricing pressures” in Canada and an extremely competitive mobile phone landscape, have led BCE to seek better opportunities in the U.S., Scotia Capital analyst Maher Yaghi says. (REUTERS/Chris Wattie/File Photo) · Reuters / Reuters A dividend cut would be BCE’s (BCE.TO)(BCE) “best strategy” to enable further […]