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Bank of Canada aims to develop stress test framework

The Globe and Mail - ‎5 hours ago‎
The Bank of Canada plans to develop a framework for stress tests that will incorporate different sectors of the financial system to enhance its contribution to macroprudential oversight in Canada, Deputy Governor Lawrence Schembri said on Friday.

Stress Prevention: Central Banks and Financial Stability

Bank of Canada - ‎7 hours ago‎
For example, the Bank of Canada has used its Financial System Review to inform households and lending institutions of our assessment of the vulnerability associated with elevated household debt in an effort to encourage all parties to exercise ...

Release of the 2015 Bank of Canada FMI Oversight Activities Annual Report

Bank of Canada - ‎May 5, 2016‎
The Bank's FMI oversight mandate is to promote the safety and efficiency of the Canadian financial system through sound risk management at the FMIs the Bank has designated.
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Fort McMurray fire has economists cutting growth forecasts for Canada - ‎3 hours ago‎
"The situation remains fluid, and uncertainty remains about how long production disruptions will persist," economists at Royal Bank of Canada said in an economic comment released Friday. "However, if we assume those shutdowns last for two weeks, they ...

Lawsuit against Bank of Canada welcomed

Brantford Expositor - ‎22 hours ago‎
The little-known Committee for Monetary and Economic Reform (Comer) lawsuit before Canada's Supreme Court might just hold a Canadian solution to the stagnant mud in which the international economy has recently become stuck. With talented Canadian ...
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RBC to turn over files on Panama Papers clients to Canada Revenue Agency - ‎May 5, 2016‎
Royal Bank of Canada has agreed to hand over 40 years of records on hundreds of its clients revealed in the Panama Papers to federal tax auditors, in the first public step the government has taken to crack down on anyone named in the huge data leak.

Bank of Canada designates Automated Clearing Settlement System under the Payment Clearing and Settlement Act

Bank of Canada - ‎May 2, 2016‎
The Governor of the Bank of Canada has designated, effective 2 May 2016, the Automated Clearing Settlement System (ACSS) for oversight under the Payment Clearing and Settlement Act (PCSA) as a clearing and settlement system that has the potential to ...

BRIEF-IFabric increases loan facility with Business Development Bank of Canada

Reuters - ‎1 hour ago‎
BRIEF-IFabric increases loan facility with Business Development Bank of Canada. May 6 IFabric Corp : * IFabric Corp Increases loan facility with the Business Development Bank of Canada Source text for Eikon: Further company coverage: (Bengaluru ...
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National Bank of Canada's second-quarter provision for bad energy loans soars

Reuters Canada - ‎May 5, 2016‎
(Reuters) - National Bank of Canada NA.TO estimated that it would set aside C$250 million ($195 million), before taxes, in the quarter ended April to cover bad loans to the oil and gas industry.
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RBC becomes the first bank in Canada to offer free Interac e-transfers for chequing accounts - ‎May 4, 2016‎
The Royal Bank of Canada (RBC) announced today that it will no longer charge a $1 fee for Interac e-transfers made from a personal chequing account, becoming the first bank in Canada to waive the fee.
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Bank of Canada announces list of women being considered for bank note - ‎Apr 29, 2016‎
The Bank of Canada has announced a list of 12 iconic Canadian women who could be featured on the first in a new series of bank notes expected in 2018.
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Independent Advisory Council announces candidates for the 2018 bank note featuring an iconic Canadian woman

Bank of Canada - ‎Apr 29, 2016‎
The Advisory Council will use the results of this survey, together with input from historical experts, to develop a short list of three to five finalists for submission to the Minister of Finance, who will make the final selection, in accordance with ...
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Former Disney Child Star Joey Cramer Arrested for Alleged Canada Bank Robbery

People Magazine - ‎May 4, 2016‎
In the mid 1980s, Joey Cramer was a preteen Disney star, with a lead role in 1986's Flight of the Navigator. He also appeared in TV movies and two episodes of Murder She Wrote before leaving acting.
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Bank of America dropped from leading Ontario's Canadian dollar bond sales

Financial Post - ‎May 5, 2016‎
Chris Keane/Bloomberg Bank of America will maintain a junior role in Ontario's domestic bond sales and can still lead the province's U.S.

iFabric Corp. Increases Loan Facility With the Business Development Bank of Canada

Stockhouse - ‎1 hour ago‎
MARKHAM, ONTARIO -- (Marketwired) -- 05/06/16 -- iFabric Corp. (TSX:IFA), hereinafter referred to as "iFabric" or the "Company", today announced that its subsidiary companies, Coconut Grove Pads Inc., Coconut Grove Textiles Inc. and 2074160 Ontario Inc.

Should You Put TransCanada Corporation or Royal Bank of Canada in Your RRSP?

The Motley Fool Canada - ‎May 4, 2016‎
Canadian investors with self-directed RRSP accounts are constantly searching for top picks to add to their retirement holdings. Let's take a look at TransCanada Corporation (TSX:TRP)(NYSE:TRP) and Royal Bank of Canada (TSX:RY)(NYSE:RY) to see if one ...
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Lower interest rates could be the new normal: Bank of Canada - ‎Apr 26, 2016‎
OTTAWA - Bank of Canada governor Stephen Poloz is recommending pension funds get ready for a new normal: neutral interest rates lower than they were before the financial crisis.

Automated Clearing And Settlement System Designated As Prominent

Mondaq News Alerts (registration) - ‎May 5, 2016‎
On May 2, 2016, the Bank of Canada designated the Automated Clearing and Settlement System (ACSS) operated by the Canadian Payments Association as a system that has the potential to pose payment system risk (a Prominent Payment System).

Canada's housing market 'inching towards instability,' US bank warns

The Globe and Mail - ‎May 2, 2016‎
The loonie temporarily shot through the 80-cent mark this morning, driven higher by a weaker U.S. dollar and raising questions about how much longer the Canadian currency can continue its sharp “winning streak.” Having closed yesterday at 79.81 cents ...

Even as our dollars go digital, there's face value in putting women on bills

The Globe and Mail (subscription) - ‎13 hours ago‎
James Powell is former chief of the Bank of Canada's international department and author of A History of the Canadian Dollar.