Browsing: Bank

Residential book declines amid softer housing activity while commercial lending expands as the bank pushes ahead with its transformation strategy

“From our work with brokers and our own research, we know there is demand for a well governed, transparent SMSF property lending option, particularly among pre-retirees…

By Melissa Shin (Bloomberg) — Bank of Canada officials agreed on holding the overnight rate at 2.25% earlier this month, but are unsure whether their next…

Headline inflation rose 2.4% in September, up from a 1.9% increase in August and above economists’ expectations, Statistics Canada reported this morning. On a monthly basis,…

By Erik Hertzberg and Nojoud Al Mallees (Bloomberg) — The Bank of Canada’s survey of businesses shows firms are still worried the ongoing trade war will…

The decline has been most pronounced in major cities, which accounted for 81% of all branch closures in the past year. The number of urban branches…

Other smaller lenders have followed suit, releasing fixed products with starting rates below 5%. Illawarra Credit Union introduced two- and three-year fixed options at 4.99 %…

Net profits after tax were $133 million for the year, down from $285 million in financial year 2024, while cash earnings after tax rose 12% to…

By Melissa Shin (Bloomberg) — Canada’s banking regulator said he’s willing to be “a little bit less conservative” to increase competition in the sector.   “We…

The stronger-than-expected rebound immediately sparked questions about whether the central bank will follow through with another cut at its Oct. 29 decision. Economists say the data…