Canada banks

Canada’s bank deposit insurer is reviewing deposit insurance limits to safeguard the country’s financial system, the head of the Bank and Trust Companies Association said on Tuesday, after the trade group called for better coverage.…

Bank of Nova Scotia (Scotiabank) reported a lower first-quarter profit on Tuesday, as a lull in its investment banking division dented income from its capital markets unit and compelled the Canadian lender to set aside higher…

Canadian bank CEOs say they’re able to adapt to the higher credit requirements the banking regulator has set in response to rising economic vulnerabilities. Speaking Monday at a Toronto conference organized by Royal Bank of Canada,…

CIBC reported its fourth-quarter profit fell to $1.19 billion compared with $1.44 billion in the same quarter last year as its provisions for credit losses climbed higher due to a deterioration in its economic outlook. The bank also…

BMO Financial Group raised its dividend as it reported fourth-quarter net income of $4.48 billion, up from $2.16 billion in the same quarter last year, boosted by a one-time gain related to its purchase of Bank of the West. The bank…

Scotiabank kicked off bank earnings with results that showed earnings growth in its international banking division, though overall results were weighed down by about $500 million in one-time charges. The bank reported fourth-quarter…