Archive for 'Banking'
Flaherty, Carney to promote banks in China
Canadian Finance Minister Jim Flaherty and Bank of Canada Governor Mark Carney will travel to China next week to promote the country’s financial industry and help win business for its banks.
Mr. Flaherty will also be joined by the head of the country’s regulator of financial services, Julie Dickson, and financial industry executives, the Finance [...]
Canadian banks pass S&P stress tests
Canadian lenders have enough capital to withstand losses without needing to raise more cash, Standard & Poor’s said.
“Like all banks elsewhere in the world, Canadian financial institutions are likely to experience additional losses as the recession continues,” the New York-based rating company said Thursday in a statement. “On the positive side, stress tests reveal that [...]
High-yield bonds remain attractive
The price of high-yield bonds has soared in the past three months as the economic situation has reverted into just a really awful recession. And now that a reprise of the Great Depression is averted, high-yield bonds still look like good value in spite of rising default rates and sizeable gains since March.
Companies issuing speculative-grade [...]
‘Boring is cool’ for Canadian banks
In any other industry at any other time, trying to build an ad campaign around stability would send shudders through marketing mavens. But there has never been a better time to be a stodgy Canadian banker.
“I guess boring is cool and Canada is cool,” said Jim Little, chief brand officer with Royal Bank of Canada, [...]
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