CashNews.co What actions can banks take in 2025 to boost noninterest income? Key messages: Banks should focus more on boosting noninterest income to compensate for challenges in growing net interest income. Using the following strategies may help banks achieve this goal. Retail banking: Implementing pricing innovations like service bundling and tiered accounts. Payments: Increasing transaction […]
CashNews.co MONTRÉAL, October 15, 2024–(BUSINESS WIRE)–HGreg Nissan Vimont has once again been awarded Nissan Canada’s prestigious Award of Excellence for the sixth consecutive year, in recognition of its outstanding contribution to the brand’s success across the country. The dealership also received Nissan Canada’s coveted Global Award for the fourth time, confirming its place among the […]
CashNews.co (Bloomberg) — Canadian consumer prices grew at the slowest pace in more than three years, tilting the odds in favor of a half percentage point cut by the Bank of Canada next week. Most Read from Bloomberg The consumer price index rose 1.6% in September from a year ago, following a 2% increase a […]
CashNews.co “We need to build more and more,” Concordia University associate professor Erkan Yönder said. (Andrew Francis Wallace/Toronto Star via Getty Images) (Andrew Francis Wallace via Getty Images) Average monthly rent could reach $7,500 in Vancouver and $5,600 in Toronto by 2032 if current trends in construction and population growth continue, a study by Concordia […]
CashNews.co Canaccord Genuity, a Canadian financial services firm, has named former Royal Bank of Canada CFO Nadine Ahn as its deputy chief financial officer, the Toronto-based financial services firm announced last week. Ahn is expected to transition into the CFO role next year when Canaccord’s current CFO, Don MacFayden, moves to a position allowing more focus […]
CashNews.co Last Thursday it took the U.S. Department of Justice 40 minutes to demolish Canada’s reputation as a global leader in bank supervision. The DOJ’s astonishing case against Toronto-Dominion Bank TD-T, and the bank’s admission of guilt, demonstrate how Canada’s Finance Department and two of the bank supervisory agencies it oversees – the Office of […]
CashNews.co By Gilles Guillaume PARIS (Reuters) – Renault CEO Luca de Meo’s bet on a low-cost gearbox technology is allowing the French carmaker to gain ground in Europe’s fast-growing hybrid car market, giving it some breathing space as rivals get squeezed by the electric mobility challenge. Demand for expensive electric vehicles is not taking off […]
CashNews.co With the Retail Payment Activities Act (RPAA) set to significantly reshape the regulation of payment service providers in Canada, the time to prepare is now. Starting on November 1, 2024, all Payment Service Providers (PSPs) engaging in retail payment activities in Canada will be required to register with the Bank of Canada. This overview […]
CashNews.co Adjusted Net Income: $1.9 billion, increased 28% year-over-year. Adjusted Earnings Per Share (EPS): $1.93. Adjusted Return on Equity (ROE): 14%. Revenue: $6.6 billion, up 12% year-over-year. Net Interest Income (NII): Up 14%, excluding trading. Non-Interest Income: $3.1 billion, up 17% year-over-year. Common Equity Tier 1 (CET1) Ratio: 13.3%. Liquidity Coverage Ratio (LCR): 126%. Provisions […]
CashNews.co The Government of Canada outlined a plan to develop a new sustainable investment taxonomy, a set of guidelines to help categorize sustainable economic activities aligned with the goals of reaching net-zero emissions by 2050 and limiting global temperature rise to 1.5°C, aimed at facilitating financial flows and investments needed to achieve these goals. The […]