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Bank of Montreal Reduces Investment-Banking Jobs in Downturn |
 30 Jun 2008 13:52 |
| Bank of Montreal, Canada's fourth- biggest bank, is trimming investment-banking jobs because of the recent decline in the credit markets, spokesman Ralph Marranca said.
``We're growing businesses where we see potential for growth, we're cutting back in businesses where the market conditions are soft,'' Marranca said today in an interview.
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| Canada's Flaherty Says Bank Mergers Still Not a `Priority' |
30 Jun 2008 13:25 |
| Canada's finance minister said he still doesn't want to remove a ban on mergers between the country's banks after a government-appointed panel recommended such a move three days ago.
``This isn't a priority for our government,'' Jim Flaherty said in an interview today on CTV News, the same phrase he's used when asked about the issue during the past year.
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Toronto-Dominion May Buy in U.S. If `Compelling', Clark Says |
20 Jun 2008 11:39 |
| Toronto-Dominion Bank would consider further U.S. acquisitions or infusing other lenders with capital if the opportunity was right, Chief Executive Officer Edmund Clark said.
``It would have to be pretty compelling strategically to move now,'' Clark told reporters late yesterday after an investor conference in Mount Laurel, New Jersey. ``We're going to be patient; we're... |
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Canada Dollar Slump May Slow With Inflation Focus (Update1) |
12 Jun 2008 13:28 |
| The slumping Canadian dollar may get a reprieve as the Bank of Canada shifts focus from economic growth to fighting inflation.
The currency rose against its U.S. counterpart yesterday for the first time in eight days, snapping the longest slide since 2005, and rallied versus the euro and yen after central bank Governor Mark... |
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| Forzani Drops Most Since 2004 After Unexpected Loss (Update2) |
12 Jun 2008 13:22 |
| Forzani Group Ltd. fell the most in more than four years in Toronto trading after Canada's biggest sporting-goods retailer reported an unexpected first-quarter loss and a decline in sales at storesopen at least a year.
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| Most Canada Stocks Rise, Led by Talisman; Fording Coal Falls |
27 May 2008 10:45 |
| Most Canadian stocks rose, as Talisman Energy Inc. gained on higher crude-oil prices and a report that it is in talks to sell assets.
Bank of Nova Scotia and Bank of Montreal advanced ahead of their quarterly results announcements tomorrow. Fording Canadian Coal Trust Ltd. retreated from a record, pacing a decline in raw- materials... |
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Canada Pushes Colombia Trade Agreement, as U.S. Deal Languishes |
06 May 2008 12:25 |
| Canada's Trade Minister David Emerson said he may soon complete a free trade agreement with Colombia, rejecting a plan by U.S. congressional Democrats to wait until the Latin American nation improvesits human rights record.
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