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report on business
Onex CEO Gerry Schwartz offers to give up multiple voting shares in three years rather than five
Gerry Schwartz, Chairman and President and Chief Executive Officer of Onex Corporation, addresses shareholders during their annual general meeting in Toronto, Thursday, May 8 2008. The Canadian businessman behind a friendly deal to buy WestJet Airline Ltd. has a reputation for his stellar business acumen and famous Toronto mansion but a long-time family friend says the titan has not forgotten his humbler beginnings. THE CANADIAN PRESS/J.P. Moczulski
report on business
Onex merges part of Gluskin Sheff with RBC after advisers planned early exit
Onex Corp. has signed an agreement to move its Gluskin Sheff wealth management advisor teams to RBC Wealth Management Canada. The Onex Corporation logo is displayed at the company's annual general meeting in Toronto on May 10, 2012. THE CANADIAN PRESS/Nathan Denette
inside the market
CIBC insiders buy as bank shares retreat
Ted Dixon
arts
Alanis Morissette to headline Toronto’s RBC Open concert series in June
Alanis Morissette performs at the New Orleans Jazz and Heritage Festival on Thursday, April 25, 2019, in New Orleans. Morissette will headline this year's RBCxMusic Concert Series THE CANADIAN PRESS/Amy Harris/Invision/AP
report on business
RBC tells employees to return to the office three or four days a week
FILE PHOTO: A Royal Bank of Canada (RBC) logo is seen on Bay Street in the heart of the financial district in Toronto, January 22, 2015. REUTERS/Mark Blinch (CANADA - Tags: BUSINESS)/File Photo
inside the market
Gordon Pape: Canadians are being shortchanged on deposit insurance coverage
Bank towers are shown from Bay Street in Toronto's financial district on Wednesday, June 16, 2010.
report on business
Health care workers’ pension swings to a loss in 2022, its first in 14 years
Bank towers are shown from Bay Street in Toronto's financial district, on Wednesday, June 16, 2010. Canadian bank stocks have been riding a wave of investor optimism so far this year, but analysts say first quarter results that start later this week will be a reminder of the mixed economic picture ahead. THE CANADIAN PRESS/Adrien Veczan
report on business
Canada’s banks are quietly picking up Silicon Valley Bank clients as U.S. sale process stalls
The Bay Street Financial District is shown with the Canadian flag in Toronto on Friday, August 5, 2022. Analysts say the upcoming earnings season will be overshadowed for investors by the macroeconomic cycle, with interest rates and inflation data taking a front seat to individual company reports.THE CANADIAN PRESS/Nathan Denette
advisor stocks
What to watch out for when companies offer dividend reinvestment plans
The RBC Royal Bank of Canada logo is seen in Halifax on Tuesday, April 2, 2019. New York City comptroller Brad Lander and three of the city's pension funds are offering shareholder proposals calling on several banks including Royal Bank of Canada to disclose absolute greenhouse gas emissions targets for 2030. THE CANADIAN PRESS/Andrew Vaughan
inside the market
Banks had a lot to say about the economy this week: It’s complicated
The RBC Royal Bank of Canada logo is seen in Halifax on Tuesday, April 2, 2019. Royal Bank of Canada reported a first-quarter profit of $3.21 billion, down from $4.10 billion a year earlier as its provisions for credit losses rose.THE CANADIAN PRESS/Andrew Vaughan
report on business
Remote work is hurting productivity and innovation, says RBC CEO
FILE PHOTO: A Royal Bank of Canada building in Toronto, Canada December 13, 2021. REUTERS/Carlos Osorio/File Photo
report on business
RBC beats analysts’ forecasts despite drop in first-quarter profit
FILE PHOTO: A Royal Bank of Canada (RBC) logo is seen on Bay Street in the heart of the financial district in Toronto, January 22, 2015. REUTERS/Mark Blinch/File Photo/File Photo
report on business
OMERS reports $4.9-billion gain as private assets offset public-market losses
OMERS CEO, Blake Hutcheson Handout
report on business
Canaccord special committee rejects $1.13-billion management buyout offer
FILE PHOTO: A Bay Street sign, the main street in the financial district is seen in Toronto, January 28, 2013. REUTERS/Mark Blinch/File Photo
report on business
Caisse CEO sees another tough year ahead as pension giant posts first loss since financial crisis
The logo of Quebec's Caisse de Depot pension fund is seen Thursday, February 25, 2021 in Montreal.THE CANADIAN PRESS/Ryan Remiorz
young money
Young Canadians less confident in financial future than a year ago, RBC poll finds
Close-up view of man and woman making account of family income. Writing down and calculating expenses. Attentive review of finance. Calculator on desk. Economy concept
opinion
Canada’s top digital broker is TD Direct Investing, with an assist from the TD Easy Trade app
Rob Carrick
report on business
CIBC names Mark Usher as new head of innovation banking
The new CIBC logo displayed the the lobby of its headquarters in Toronto on Monday, Oct. 25, 2021. CIBC says Laura Dottori-Attanasio, senior executive vice-president and group head for Canadian personal and business banking, is retiring. THE CANADIAN PRESS/Evan Buhler
report on business
Head of CIBC’s innovation banking arm departs
Mark McQueen,President and Executive Managing Director of CIBC Innovation Banking, is photographed in the CIBC Innovation Banking offices in downtown Toronto, on April 4 2019.
report on business
Pension funds suffer largest investment losses since 2008 financial crisis
The RBC Royal Bank of Canada logo is seen in Halifax on Tuesday, April 2, 2019. New York City comptroller Brad Lander and three of the city's pension funds are offering shareholder proposals calling on several banks including Royal Bank of Canada to disclose absolute greenhouse gas emissions targets for 2030. THE CANADIAN PRESS/Andrew Vaughan
number cruncher
Investment funds that are moving to defensive positions, and some that are not
For Number Cruncher column in Globe Investor/ROB only.
opinion
Don’t believe the hype – competition is alive and well in Canada, especially in banking
Leonard Waverman
report on business
New York City pension funds call for absolute greenhouse gas emission targets at RBC
The RBC Royal Bank of Canada logo is seen in Halifax on Tuesday, April 2, 2019. THE CANADIAN PRESS/Andrew Vaughan
small business
Some banks will charge businesses a monthly fee to pay their taxes
A woman walks past a Royal Bank of Canada sign in the financial district in Toronto on Tuesday, Sept. 20, 2022. BDC today announced the launch of Thrive Venture Fund and Lab for Women, a $500-million investment platform that will support the growth and economic impact of Canadian women-led businesses. THE CANADIAN PRESS/Alex Lupul
report on business
Review of RBC’s $13.5-billion takeover of HSBC Canada shows limits to system, critics say
An HSBC sign is pictured in Ottawa on Wednesday Sept. 7, 2022. In the year ahead Canada's competition watchdogs will assess RBC's proposed $13.5-billion takeover of HSBC Bank Canada, but critics say their leash is too short while efforts in the U.S. point to potential ways of doing it better.THE CANADIAN PRESS/Sean Kilpatrick
inside the market
There are many ways to pick a bank stock. Here’s what worked (and what didn’t)
FILE PHOTO: A Royal Bank of Canada (RBC) logo is seen on Bay Street in the heart of the financial district in Toronto, January 22, 2015. REUTERS/Mark Blinch/File Photo
canada
Ontario and British Columbia headed for a buyer’s market, RBC says
A real estate sign is pictured in Vancouver, B.C., Tuesday, June 12, 2018. A new report says Canada's housing market is still firmly in correction mode, despite having slowed in recent months. THE CANADIAN PRESS Jonathan Hayward
opinion
Global banks look down market for new business
Andrew Willis
opinion
Canada’s biggest bank aims to get bigger. The deal points to the need for a big rethink of competition rules
The Editorial Board
canada
CIBC rolls out dividend reinvestment discount after regulator hikes capital minimums
The new CIBC logo displayed on a flag in front of its headquarters in Toronto on Monday, Oct. 25, 2021. CIBC says it is implementing a discount for shareholders who sign up to a dividend reinvestment plan. THE CANADIAN PRESS/Evan Buhler
report on business
RBC buys HSBC, holiday air travel and immigration backlog: Must-read business and investing stories
Left: The HSBC Bank branch in Toronto on November 29th, 2022 and right a man walks by an RBC sign near Bay and King on March 20, 2019.
inside the market
CIBC got clobbered last week. The stock is worth a look
The new CIBC logo displayed the the lobby of its headquarters in Toronto on Monday, Oct. 25, 2021. CIBC reported its fourth-quarter profit fell to $1.19 billion compared with $1.44 billion in the same quarter last year as its provisions for credit losses climbed higher. THE CANADIAN PRESS/Evan Buhler
opinion
An RBC takeover of HSBC would hurt Canadian mortgage shoppers
Robert McLister
report on business
Jacynthe Côté to be appointed as chair of RBC’s board of directors next year
The RBC Royal Bank of Canada logo is seen in Halifax on Tuesday, April 2, 2019. THE CANADIAN PRESS/Andrew Vaughan
report on business
RBC faces challenge retaining HSBC Canada business clients before takeover deal closes
FILE PHOTO: The HSBC bank logo is seen in the Canary Wharf financial district in London, Britain, March 3, 2016. REUTERS/Reinhard Krause/File Photo
inside the market
RBC joins other banks in offering investors option to reinvest dividends in stock
FILE PHOTO: FILE PHOTO: A Royal Bank of Canada (RBC) logo is seen on Bay Street in the heart of the financial district in Toronto, January 22, 2015. REUTERS/Mark Blinch/File Photo/File Photo