CIBC

Canada's central bank was leaning towards cutting its trend-setting interest rate this week before the novel coronavirus pushed it to take a more dramatic step to get ahead of the shock the outbreak will have on the economy, Bank of Canada governor Stephen Poloz says.

Canada's economy contracted slightly in October, with real gross domestic product down 0.1 per cent from September — the first month-to-month decline since February, Statistics Canada reported on Monday, December 23, 2019.

First Nations leaders from Yukon are meeting with bankers in Toronto this week to try to persuade them not to invest in energy development on the range of a vital caribou herd.

In a courtroom in British Columbia on Monday, December 17, 2019, Indigenous communities were arguing the federal government overstepped in approving the Trans Mountain pipeline expansion and that it has to be stopped over concerns about its impact on the environment.

CIBC's chief executive Victor Dodig rallied support for Canada's energy sector, saying it's the country's "family business" and that the shortage of pipeline capacity represents a "critical threat" to our economy.

The improved economy is expected to give the Trudeau government more fiscal room than anticipated in next week's pre-election budget — but a wobbly economic finish to 2018 means conditions could look much different as the October vote approaches.

Software engineer Tong Zou lost his life savings — more than $500,000 — in the QuadrigaCX cryptocurrency meltdown.

Rising oil prices that encouraged more spending by small and intermediate oil and gas companies in Western Canada in the first six months of 2018 are expected to lead drilling budgets to grow even further this fall.

Two of Canada's biggest banks warned on Monday, May 28, 2018, that "fraudsters" may have accessed certain personal and financial information of up to 90,000 customers.

Canadians are keen to lighten their debt loads in 2018, according to an annual opinion survey conducted for CIBC.

A committee of federal MPs heard testimony from ex−bank workers as it examines accusations of questionable — and even illegal — sales practices by some of the country’s largest financial institutions.

Canada's trade deficit fell in April and its surplus with the U.S. ballooned to its largest in three years, boosted by shipments of cars, natural gas and softwood lumber, says Statistics Canada.

Kinder Morgan's plan to raise money for its Trans Mountain expansion through an initial public offering could not come at a more awkward time.

The opening shot in a fifth softwood-lumber war between U.S. and Canada is expected this week, and policy-makers north of the border are preparing to calculate the potential damage of American duties.

The review comes after CBC reported some employees from Canada's five biggest banks alleged that they felt pressured to upsell, trick and even lie to customers to meet unrealistic sales targets.