TORONTO, Sept 3 (Reuters) – Manulife Financial Corp
said on Wednesday it has agreed to acquire the Canadian
operations of Standard Life Plc for about C$4 billion
($3.7 billion) in cash, in a deal that significantly expands the
insurer’s presence in Quebec.
The Toronto-based insurer said the transaction builds on an
already successful wealth and asset management partnership with
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.
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
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.
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
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
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.
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.
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.
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).
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.
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.