The wildfires in Fort McMurray slammed Canada's private sector in the second quarter, pummelling insurers' profits and deepening losses in the oil patch.
TORONTO - Royal Bank CEO David McKay says the lender is "closely monitoring" the real estate markets in Vancouver and Toronto, where home prices have been climbing at a breakneck pace.
National PostCIBC continued a trend this week of reporting higher-than expected profits and an improving picture when it comes to their exposure to soured energy loans.
Canada's main stock index fell on Wednesday as lower metal and oil prices weighed on resource stocks, offsetting gains for financials after Royal Bank of Canada reported better-than-expected earnings.
Pierre Ouellet, the former chief of staff to ex-cabinet minister Jacques Daoust, was told his failure to notify the premier's office about the brewing sale of $140 million worth of Rona shares was "inconceivable.