The Canadian Press

The Canadian Press is a national news agency headquartered in Toronto and founded in 1917.

Industry News

Fitch downgrades TD Bank outlook to negative

Rating agency cites potential fallout from anti–money laundering deficiencies at the bank

By The Canadian Press |May 29, 2024

1 min read

Industry

Private equity firm buys maker of hockey rink boards

Reichmann Segal Capital Partners says it plans to invest in new product development and expansion

By The Canadian Press |May 28, 2024

1 min read

Economic Indicators

Retail sales down 0.2% in March

However, StatsCan says its early estimate of the metric for April was a 0.7% increase

By The Canadian Press |May 24, 2024

2 min read

Industry News

Mortgage lending among top risks facing financial system: OSFI

Regulator says homeowners could face payment shocks due to higher interest rates when they next renew their mortgages

By The Canadian Press |May 22, 2024

1 min read

Economic Indicators

Canadians feel grocery inflation getting worse: poll

Almost a third of Canadians believe the cause is grocery stores trying to increase profit margins

By The Canadian Press |May 22, 2024

2 min read

Industry News

CPP Investments earned 8.0% in latest fiscal year

Net assets for year ending March 31, 2024 totalled $632.3 billion

By The Canadian Press |May 22, 2024

3 min read

Industry News

Bank execs summoned to House of Commons environment committee

Committee has set a date of June 13 for the chief executives of RBC, TD, CIBC, BMO and Scotiabank to appear

By The Canadian Press |May 17, 2024

1 min read

Industry

Laurentian Bank cutting about 2% of workforce, ending equity research

The cuts come as the bank continues to work through its turnaround plan

By The Canadian Press |May 16, 2024

1 min read

Economic Indicators

CMHC reports decline in annual pace of housing starts

The seasonally adjusted annual rate of housing starts in Canada came in at 240,229 units for April, a drop of 1% from March

By The Canadian Press |May 15, 2024

2 min read

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