Scotiabank’s Q4 profits rise to $2.2B despite restructuring charge
Its wealth management business contributed $447M in net income
- By: The Canadian Press
- December 2, 2025 December 2, 2025
- 09:21
Its wealth management business contributed $447M in net income
Fairstone is buying its commercial operations for $1.9B
Tech to drive U.S. stocks, while Canada's superior finances benefit its debt
Falling rates and market volatility spark interest in seg funds
Receiver permitted to market assets, despite lack of enforcement allegations
Wage gains stoking inflation, justifying pause on rate cuts: NBF
Allied says it will continue to sell non-core assets to reduce debt
Measure benefits teens, students, Indigenous people and those with disabilities
The U.K. leader defended the decision to raise taxes, raise the minimum wage
Probe related to Mozambique loans was opened in 2020
Effect of U.S.-China trade truce not yet apparent while domestic demand remains shaky
Lower-income groups are bearing the brunt of inflation, tepid job market
Meanwhile, the U.S. stock market held relatively steady near its records
Paper calls for guardrails against negative side effects of digital innovation
Asset performance to weaken as growth slows and inflation, rates face pressure
Shell companies, crypto exchange processed US$470 million in drug money
In series of legal filings, regulator claims exclusive jurisdiction
Project designed to avoid creating needless burden with new regime
The Fed left its benchmark interest rate unchanged for 3rd straight meeting on Wednesday
U.S. subsidiary of CI Financial seeks to plug "gap" in Canadian ultra-high-net-worth market
Meanwhile, Canadian direct investment abroad rose 2.8% to $2.4 trillion
Powell has signalled he could stay on Fed board after term as chair ends May 15
Seasoned ETF exec will help asset manager build "an entire footprint" in the country
Plus, another BMO alum joins software firm, new faces at Manulife and Optimize Wealth, and more
Plus, a new gold bullion mutual fund and a slew of product lineup changes
Clarity for clients makes it easier to shop across carriers
At the same time, both fund types recorded positive net sales