Skip to main content

Latest

report on business
Scotiabank sets target pay for new CEO Scott Thomson $2-million lower than predecessor
The photo features Scott Thomson on the left and Brian Porter on the right. Scotiabank Handout Scotiabank
inside the market
Monday’s Insider Report: CEO invests over $1-million in this Big 5 bank stock
Looking north on Bay St. past the Bank of Nova Scotia at the corner of King St. West and Bay St. in Toronto’s Financial District on Feb. 11 2021
investor newsletter
Portfolio managers are a confused bunch right now. Plus, the self-directed investor beating Buffett reveals his stock picks
Investor can use just one ETF in his/her portfolio.
report on business
New Scotiabank CEO Scott Thomson putting his focus on deposit growth
**FOR FILES** Pedestrians are seen passing a branch of the Bank of Nova Scotia located at Bay and King Streets. located in downtown Toronto August 29, 2005 Photo by Louie Palu, The Globe and Mail
report on business
Canadian auto production rose in 2022 to break streak of declines, consultancy says
New Toyota RAV4 crossover SUVs for sale are seen at an auto mall in Ottawa, April 26, 2021. DesRosiers Automotive Consultants Inc. says Canadian auto production rose last year to break a five year streak of declining output. THE CANADIAN PRESS/Justin Tang
report on business
Bank of Nova Scotia warns Alberta’s royalty plan could damage reputations of oil and gas companies
Scotiabank is warning that the Alberta government's plan to give oil companies a royalty credit for cleaning up their old wells could damage the reputation of Canada's oil and gas industry. A pedestrian walks past a Scotiabank branch in downtown Calgary, Alta., Friday, Sept. 16, 2022.THE CANADIAN PRESS/Jeff McIntosh
opinion
Scotiabank sends a powerful message about inclusion publishing The Hockey Jersey
Rita Trichur
report on business
Great-West Lifeco reports fourth-quarter earnings of $892-million, raises dividend 6%
Great-West Lifeco world headquarters is pictured in Winnipeg, Tuesday, February 19, 2013. Great-West Lifeco Inc. says earnings rose in the fourth quarter compared with a year earlier as its diversified portfolio performed well despite challenging market conditions. THE CANADIAN PRESS/John Woods
report on business
Bank of Nova Scotia expands its U.S. credit business
The Bank of Nova Scotia building is shown in the financial district in Toronto on Tuesday, Aug. 22, 2017. THE CANADIAN PRESS/Nathan Denette
opinion
If your bank accentuates the positive, bad news may follow
David Milstead
inside the market
Norman Rothery: Four dividend portfolios worth considering, plus others to keep an eye on
A trader watches his chart while working on the floor of the New York Stock Exchange July 8, 2014.
cost of living
Scotiabank declined her account application, then set a deposits cap. She still doesn’t know why
Elizabeth McLean poses for a photo in Vancouver, British Columbia, January 12, 2023. When Elizabeth McLean, 80, asked her local branch of the Bank of Nova Scotia in March 2020 to open a bank account to hold funds for an Afghan refugee she wanted to sponsor, she was shocked by the answer she received. Her bank of more than 50 years declined her application. Jimmy Jeong/The Globe and Mail.
report on business
Bank CEOs say cash reserves are ready ahead of potential slowdown
Bank towers are shown from Bay Street in Toronto's financial district, on Wednesday, June 16, 2010. From boosting cash on hand to cutting staff, Canadian banks are taking a variety of strategies to prepare for a widely expected economic slowdown in the year ahead. THE CANADIAN PRESS/Adrien Veczan
report on business
Scotiabank to pay $1-million in fines in settlement with regulator, 34 employees terminated for ‘egregious misconduct’
Toronto, August 14/07 - People walk by or enter a Scotiabank on Bay Street in Toronto, Ontario, Canada Tuesday afternoon. Deborah Baic/The Globe and Mail 14/08/07
report on business
Scotiabank’s cash-back conundrum, gifting stocks and behind the FTX collapse: Must-read business and investing stories
FILE — Sam Bankman-Fried, the chief executive of FTX, during a panel at Crypto Bahamas conference in Nassau, Bahamas, on April 27, 2022. The cryptocurrency exchange FTX said on Nov. 11 that it was filing for bankruptcy, and now investors are also under scrutiny for enabling Bankman-Fried with so little oversight. (Erika P. Rodriguez/The New York Times)
report on business
Laurentian Bank posts $55.7-million in earnings in fourth quarter, revenue up slightly from year ago
Laurentian Bank headquarters are seen in Montreal, Tuesday, April 5, 2022. Laurentian Bank of Canada says it earned $55.7 million in its most recent quarter as its revenue rose and provision for credit losses eased slightly. THE CANADIAN PRESS/Ryan Remiorz
market news
Canadian dollar tracks oil higher; speech by central bank deputy governor awaited
A loonie is pictured in Toronto on Jan. 23, 2015.
economy
Ottawa’s COVID-19 spending had small impact on inflation, larger effect on interest rates: report
The Bank of Canada building is pictured in Ottawa on Tuesday, Dec. 6, 2022. THE CANADIAN PRESS/Sean Kilpatrick
report on business
Scotiabank’s fourth-quarter profit slips on higher costs, increased loan-loss provisions
**FOR FILES** Pedestrians are seen passing a branch of the Bank of Nova Scotia located at Bay and King Streets. located in downtown Toronto August 29, 2005 Photo by Louie Palu, The Globe and Mail
inside the market
Why this money manager is selling Magna stock - and buying Amazon
Illustration of Allan Small for The Mover. Nov. 26, 2022. Illustration by Joel Kimmel
investment ideas
Canada corporate bond market issuance perking up again
The Bay Street sign is pictured in the heart of the financial district as people walk by in Toronto.
inside the market
Rob Carrick: Surprising names joining the club of banks offering 5% GICs
Bank towers are shown from Bay Street in Toronto's financial district, on Wednesday, June 16, 2010.
cost of living
Talking about end-of-life preferences and money: not easy, but crucial
Senior old man elderly examining and checking last will and testament
opinion
Toronto is on the verge of greatness – or stagnation
Rocky Petkov
investor newsletter
Only brave investors can be bullish ahead of earnings. Plus, two proven dividend portfolios for value and low volatility
FILE - In this Oct. 8, 2014, file photo, a man walks to work on Wall Street, near the New York Stock Exchange, in New York. Global stocks mostly fell on Monday, Nov. 6, 2017, and the price of oil hit a two-year high after a spate of high-profile arrests in Saudi Arabia unnerved some investors and suggested the kingdom could be more bullish in pursuing output cuts. (AP Photo/Mark Lennihan, File)
inside the market
Wednesday’s Insider Report: Chairman invests nearly $2 million in this Big 5 bank stock
A Scotiabank branch is shown in Ottawa on Tuesday, January 19, 2021. The Bank of Nova Scotia is increasing the size of its share buyback plan. THE CANADIAN PRESS/Craig Wong
report on business
Scotiabank CEO swap, Hudson’s Bay blankets and mortgage defaults: Must-read business and investing stories
People walking past the Bank of Nova Scotia, on Bay St. in Toronto’s Financial District are photographed on July 12, 2022. Fred Lum/The Globe and Mail.
report on business
Inside Scotiabank’s succession saga that stunned Canada’s corporate elite
FILE PHOTO: The Bank of Nova Scotia (Scotiabank) logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. REUTERS/Chris Wattie/File Photo
opinion
At Scotiabank and Finning, a swap of underachieving CEOs may be cheaper than typical leadership change
David Milstead
morning update newsletter
Morning Update: Atlantic Canada takes stock of damage caused by Hurricane Fiona’s wrath
Amy Osmond reacts in the aftermath of Hurricane Fiona in Port Aux Basques, Newfoundland, Canada September 26, 2022. REUTERS/John Morris
opinion
Who’s to blame for Scotiabank’s CEO succession mess? The clumsy board of directors
Tim Kiladze
analysis
A new CEO doesn’t make Scotiabank a buy - but this does
Brian Porter, president and CEO of Scotiabank, addresses the company's annual meeting in Calgary, Tuesday, April 12, 2016. Scotiabank says Porter will retire at the end of January next year. THE CANADIAN PRESS/Jeff McIntosh
report on business
Scotiabank names Finning chief Scott Thomson as next CEO, Brian Porter retiring in January
A branch of Scotiabank is pictured in downtown Toronto on April 10, 2018. Scotiabank has signed a deal to sell its pension and related insurance businesses in the Dominican Republic. The Canadian bank says it will sell Scotia Crecer AFP and Scotia Seguros to Grupo Rizek. THE CANADIAN PRESS/Chris Young
report on business
Insurers see leap in claims for mental health services amid pandemic strains
People walking past the Bank of Nova Scotia, on Bay St. in Toronto’s Financial District are photographed on July 12, 2022. Fred Lum/The Globe and Mail.
globe investor
Don’t believe the hedge-fund hype – you’re better off in index-tracking ETFs
Scotiabank reported third-quarter net income of $2.59 billion, up from $2.54 billion in the same quarter last year. A branch of Scotiabank is pictured in downtown Toronto on Tuesday, April 10, 2018. THE CANADIAN PRESS/Chris Young
report on business
Scotiabank CEO says conditions aren’t right for a recession in Canada
Scotiabank CEO Brian Porter listens during the company's annual general meeting in Ottawa on Thursday, April 9, 2015.