TORONTO, June 6 (Reuters) – Canadian miner Kinross Gold
said on Wednesday that workers at its Tasiast gold mine
in Mauritania in West Africa have initiated an unlawful work
stoppage, halting mining and processing activity at the
operation.

Kinross spokesman Steve Mitchell said mining and processing
workers failed to report to work on Monday. About 600 workers
are involved, although not all are on the same shift, he said.
Most are unionized.

TORONTO, June 1 (Reuters) – RBC Capital Markets expects to
snatch some U.S. business away from retreating European
investment banks, but the Royal Bank of Canada
subsidiary doesn’t plan to make big acquisitions or enter new
markets, executives said on Friday.

The investment bank, a wholly-owned unit of Canada’s largest
bank, has aggressively grown the business since the 2008
financial crisis, and was one of the top ten global investment
banks in the world in the first quarter, as measured by fees.

TORONTO, May 31 (Reuters) – Canadian Imperial Bank of
Commerce and National Bank of Canada capped off
Canadian second-quarter bank results on a strong note on
Thursday, exceeding estimates and sending their shares higher in
early Toronto trading.

Shares of CIBC, Canada’s No. 5 bank, jumped 2.2 percent to a
two-week high after the company reported a 6 percent increase in
net profit due partly to higher loan volumes.

TORONTO (Reuters) – Bank of Nova Scotia’s (BNS.TO: Quote, Profile, Research, Stock Buzz) quarterly operating profit rose 16 percent, topping estimates, on strong growth in international banking profits and domestic loans, Canada’s No. 3 bank said on Tuesday.

Shares of Scotiabank, the fourth Canadian bank to report in what has been a mixed earnings season so far, rose 2.4 percent on the results, which analysts said were strong across all the bank’s business lines.

TORONTO, May 29 (Reuters) – Bank of Nova Scotia’s
operating profit rose 16 percent in the second quarter, topping
estimates on strong growth in international banking profits and
domestic loans, Canada’s No. 3 bank said on Tuesday.

Shares of Scotiabank, the fourth Canadian bank to report in
what has been a mixed earnings season so far, were up 1.9
percent on the results, which analysts said were strong across
all the bank’s business lines.

TORONTO (Reuters) – Bank of Montreal’s (BMO.TO: Quote, Profile, Research, Stock Buzz) quarterly profit rose a stronger-than-expected 27 percent, helped by the 2011 acquisition of U.S. lender Marshall & Ilsley and rising wealth management earnings, Canada’s No. 4 bank said on Wednesday.

BMO, the first Canadian bank to report results for the fiscal second quarter ended April 30, earned C$1.03 billion ($1.01 billion), or C$1.51 a share. That compared with a year-before profit of C$813 million, or C$1.32.

TORONTO, May 23 (Reuters) – Bank of Montreal’s
quarterly profit rose a stronger-than-expected 27 percent,
helped by the 2011 acquisition of U.S. lender Marshall & Ilsley
and rising wealth management earnings, Canada’s No. 4 bank said
on Wednesday.

BMO, the first Canadian bank to report results for the
fiscal second quarter ended April 30, earned C$1.03 billion
($1.01 billion), or C$1.51 a share. That compared with a
year-before profit of C$813 million, or C$1.32.

TORONTO, May 20 (Reuters) – After the dust cleared from the
2008 financial crisis, Canadian banks took stock of their
balance sheets and quickly realized they had a chance to expand
their foreign operations on the cheap by buying distressed
banking assets.

The fruits of recent purchases combined with surprisingly
strong mortgage and business loan growth should underpin
stronger second-quarter profits for the big banks, offsetting
the impact of slumping markets-related profits.

TORONTO, May 15 (Reuters) – Canadian Imperial Bank of
Commerce is hoping its deal with Rogers Communications
to allow customers to pay for purchases with
smartphones will help it steal clients from banking rivals who
must now rush to match the offering.

Canada’s No. 5 bank announced the deal on Tuesday for the
so-called “mobile wallets”, which will allow the bank’s credit
card customers to make retail payments by tapping their
smartphones on a sensor. See

TORONTO, May 15 (Reuters) – Canadians may soon be able to
pay for purchases with a quick tap of their smartphones after a
major bank and the country’s largest wireless carrier struck a
deal to embed credit card information on handsets equipped with
a chip to transmit data.

Rogers Communications Inc and Canadian Imperial
Bank of Commerce later this year will launch the
so-called mobile wallet o n some BlackBerry models from Research
In Motion Ltd. D evices fro m other handset makers are
expected to follow.