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Aug 28, 2014

TD Bank, CIBC report stronger profit, boosted by capital markets

TORONTO, Aug 28 (Reuters) – Toronto-Dominion Bank
and Canadian Imperial Bank of Commerce reported higher
third-quarter earnings on Thursday, extending a trend of buoyant
capital markets boosting investment banking and trading profits
at the country’s big lenders.

Both banks posted earnings per share above estimates, though
CIBC shares fell 2.5 percent, even as TD’s stock outperformed
its Canadian peers.

Aug 28, 2014

TD Bank reports stronger profit on retail, capital market gains

TORONTO, Aug 28 (Reuters) – Toronto-Dominion Bank reported a
stronger-than-expected quarterly profit on Thursday, boosted by
gains at its core Canadian retail business and the impact of
buoyant capital markets on its investment banking and trading
arm.

Canada’s second-largest lender said its net income rose to
C$2.1 billion ($1.93 billion) or C$1.11 per share, in the third
quarter ended July 31, from C$1.52 billion, or 79 Canadian cents
a share, a year earlier.

Aug 27, 2014

Nat’l Bank of Canada profit jumps, helped by financial markets

TORONTO, Aug 27 (Reuters) – National Bank of Canada,
the country’s sixth-largest lender, reported a
stronger-than-expected profit on Wednesday, helped by a sharp
jump in earnings at its wealth management and financial markets
arms.

The Montreal-based bank said its net income rose to C$441
million ($404.59 million), or C$1.24 per share, in the third
quarter ended July 31 from C$402 million, or C$1.16 a share, a
year earlier.

Aug 26, 2014

Scotiabank, BMO profits climb on domestic lending, capital markets

TORONTO (Reuters) – Bank of Nova Scotia (BNS.TO: Quote, Profile, Research, Stock Buzz) and Bank of Montreal (BMO.TO: Quote, Profile, Research, Stock Buzz) posted higher third-quarter profits on Tuesday, benefiting from gains at their traditional Canadian lending arms as well as the impact of buoyant capital markets.

Results from Bank of Montreal came in ahead of investors’ expectations, helping to send its stock higher. By contrast, Scotiabank shares slipped more than 2 percent after it reported a drop in profits at its international operation.

Jun 5, 2014

Canada manhunt under way after three police officers shot dead

TORONTO (Reuters) – Three police officers were shot dead in the Canadian city of Moncton and two more were wounded as they conducted a manhunt for a man carrying a rifle and wearing camouflage clothes, Canadian police said on Wednesday

Police said they were searching for Justin Bourque, 24, and urged residents to stay inside and locked their doors.

Jan 30, 2014

Canadian police charge Justin Bieber with assaulting limo driver

TORONTO (Reuters) – Canadian police charged Justin Bieber on Wednesday with assaulting a limousine driver in Toronto in December, the latest in a string of legal troubles for the young pop star.

The incident happened in the early hours of December 30, when the limousine picked up six people including Bieber, 19, outside a Toronto nightclub, police said in a statement.

Jan 30, 2014

Justin Bieber in Toronto police station; report of assault charge

TORONTO, Jan 29 (Reuters) – Canadian pop star Justin Bieber
appeared at a Toronto police station on Wednesday after reports
that he would be charged with assault over a December incident
in the city involving a limousine driver.

Bieber arrived in a black SUV and was met by a crowd of
journalists as well as screaming fans braving temperatures of
minus 10 Celsius (14 degrees Fahrenheit).

Nov 3, 2013

Another Canadian freight train derails in Alberta, no injuries

TORONTO (Reuters) – A Canadian National Railway Co train carrying lumber and sulfur dioxide derailed in the Western Canadian province of Alberta on Sunday, but there were no injuries or spills of dangerous goods, a spokesman for the railway said.

Rail safety has become a central issue in Canada since a runaway Montreal, Maine and Atlantic train carrying crude oil exploded in the center of the Quebec town of Lac-Megantic in July, killing 47 people.

Nov 3, 2013

Toronto mayor urges police to release video, apologizes for ‘mistakes’

TORONTO (Reuters) – Toronto Mayor Rob Ford on Sunday urged his police chief to release a video that media reports say show him smoking what appears to be crack cocaine and issued an apology for unspecified “mistakes” in his past.

But Ford, who has previously said he does not use crack, and who did not discuss the content of the video, also said he would not step down and planned to run in the next election.

Oct 8, 2013

Canada blocks network sale to Egypt’s Sawiris, citing security

TORONTO, Oct 7 (Reuters) – The Canadian government said on
Monday it blocked a bid from a company controlled by Egyptian
telecom tycoon Naguib Sawiris to buy a fiber optic network,
citing national security concerns.

The surprise move by the country’s Conservative government
was made with little explanation and comes as many question its
appetite for foreign investment in sectors ranging from
telecommunications to oil sands.

    • About Jeffrey

      "I am based in Toronto and lead a five-person team covering Canadian financial markets, the economy and central bank policy. I joined Reuters in 1996, starting in Toronto and later moving to London and Hong Kong. In that time I've covered stock, bond and currency markets, banking, fund management, the technology, media and telecom sectors, as well as general, political and entertainment news."
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