Banking

Young investors show that long term goals are a part of their financial planning repertoire in an RBC poll. (Black Press Media file photo)

Young Canadian investors bloom in Canada during pandemic: RBC poll

Young investors seek tools to invest, save and budget smartly while also saving for the future

 

Salmon Arm RBC staff donate a cheque for $237.50 raised through the branch’s Tip your Teller fundraiser to BC SPCA Shuswap branch manager Victoria Olynik. (Contributed)

Salmon Arm RBC staff share funds raised through Tip your Teller campaign

Second Harvest, Shuswap SPCA benefit from fundraiser

  • Feb 21, 2022

 

The Bank of Canada in Ottawa on Wednesday, July 14, 2021. A new report from the Bank of Canada on climate transition risks show Canada’s financial institutions are potentially exposed to significant economic shocks from high-emitting sectors. THE CANADIAN PRESS/Sean Kilpatrick

BoC scenarios show financial sector exposed to potential climate transition shocks

The pilot study isn’t meant as a forecast but considers several climate policy scenarios

 

Governor of the Bank of Canada Tiff Macklem participates in a media availability at the Bank of Canada in Ottawa, on Wednesday, Dec. 15, 2021. THE CANADIAN PRESS/Justin Tang

Federal documents hint at sweeping economic impact from central bank ‘digital loonie’

Central bank met with federal officials over 2020 to gauge the implications of own cryptocurrency

Governor of the Bank of Canada Tiff Macklem participates in a media availability at the Bank of Canada in Ottawa, on Wednesday, Dec. 15, 2021. THE CANADIAN PRESS/Justin Tang
Greenpeace activists stage a demonstration outside a bank in Toronto, as they protest major Canadian bank’s investment in fossil fuels, on Tuesday, December 7, 2021. THE CANADIAN PRESS/Chris Young

Banks offer big climate commitments in 2021, but key details are yet to come

Pressure is mounting as Canadians live through the very real effects of climate change

Greenpeace activists stage a demonstration outside a bank in Toronto, as they protest major Canadian bank’s investment in fossil fuels, on Tuesday, December 7, 2021. THE CANADIAN PRESS/Chris Young
The Canadian flag blows in the wind in the heart of the financial district in Toronto on June 27, 2018. THE CANADIAN PRESS/Tijana Martin

Banking’s shift to cloud gathers steam as pandemic and fintechs spur faster adoption

Move had begun before pandemic but going virtual expedited it

The Canadian flag blows in the wind in the heart of the financial district in Toronto on June 27, 2018. THE CANADIAN PRESS/Tijana Martin
Office towers are photographed in Toronto’s financial district on Wednesday, June 27, 2018. THE CANADIAN PRESS/ Tijana Martin

Banking regulator planning for more frequent volatility ahead in financial sector

The regulator is working to better understand the risks and to increase disclosures

Office towers are photographed in Toronto’s financial district on Wednesday, June 27, 2018. THE CANADIAN PRESS/ Tijana Martin
One of three branches of VantageOne Credit Union in Vernon was closed permanently Friday, Aug. 20, part of the organization’s corporate restructuring. (Roger Knox - Morning Star)

Okanagan credit union closes one branch

Vernon Okanagan Landing branch of VantageOne shut permanently; North Vernon Branch to follow suit in October

One of three branches of VantageOne Credit Union in Vernon was closed permanently Friday, Aug. 20, part of the organization’s corporate restructuring. (Roger Knox - Morning Star)
The Bank of Canada in Ottawa on Wednesday, July 14, 2021. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada names new deputy governor, ‘temporarily’ expanding governing council

Sharon Kozicki will take on the role on Aug. 2 after serving eight years as an adviser

The Bank of Canada in Ottawa on Wednesday, July 14, 2021. THE CANADIAN PRESS/Sean Kilpatrick
A pedestrian walks past The Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada keeps key interest rate target on hold

Today’s announcement points to a recovery some time in the second half of 2022

A pedestrian walks past The Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick
Thirty-four unionized workers represented by MoveUp started rotating job action at VantageOne Credit Union's two Vernon locations Monday, Dec. 14, 2020. Workers are calling for basic job protection and fair security. (Jennifer Smith - Vernon Morning Star)

VantageOne staff urged to take tentative deal

It’s been more than one month since union workers went on strike

Thirty-four unionized workers represented by MoveUp started rotating job action at VantageOne Credit Union's two Vernon locations Monday, Dec. 14, 2020. Workers are calling for basic job protection and fair security. (Jennifer Smith - Vernon Morning Star)
Thirty-four unionized workers represented by MoveUp started rotating job action at VantageOne Credit Union's two Vernon locations Monday, Dec. 14, 2020. Workers are calling for basic job protection and fair security. (Jennifer Smith - Vernon Morning Star)

VantageOne workers back on the job following strike

Mediation continues as union and employer work on reaching an agreement

Thirty-four unionized workers represented by MoveUp started rotating job action at VantageOne Credit Union's two Vernon locations Monday, Dec. 14, 2020. Workers are calling for basic job protection and fair security. (Jennifer Smith - Vernon Morning Star)
Thirty-four unionized workers represented by MoveUp started rotating job action at VantageOne Credit Union’s two Vernon locations Monday, Dec. 14, 2020. Workers are calling for basic job protection and fair security. (Jennifer Smith - Vernon Morning Star)

VantageOne open while Vernon workers on strike

Two branches previously closed due to job action have reopened

Thirty-four unionized workers represented by MoveUp started rotating job action at VantageOne Credit Union’s two Vernon locations Monday, Dec. 14, 2020. Workers are calling for basic job protection and fair security. (Jennifer Smith - Vernon Morning Star)
Bank of Canada Deputy Governor Tiff Macklem appears at a Commons finance committee on Parliament Hill in Ottawa on Tuesday, April 23, 2013. THE CANADIAN PRESS/Sean Kilpatrick

Morneau names Tiff Macklem new Bank of Canada governor

The central bank has slashed its target overnight interest rate to 0.25 per cent

Bank of Canada Deputy Governor Tiff Macklem appears at a Commons finance committee on Parliament Hill in Ottawa on Tuesday, April 23, 2013. THE CANADIAN PRESS/Sean Kilpatrick
The suspect damaged the area around the ATM and fled the scene.

Failed break-in attempt at Kelowna Scotiabank

No money was stolen from the bank and an alarm was triggered

The suspect damaged the area around the ATM and fled the scene.
Desjardins President and CEO Guy Cormier reads a statement during a news conference in Montreal on June 20, 2019. THE CANADIAN PRESS/Paul Chiasson

Desjardins Group says 2019 theft of 4.2 million members’ data cost $108 million

The costs are mainly related to the package of measures offered to members

Desjardins President and CEO Guy Cormier reads a statement during a news conference in Montreal on June 20, 2019. THE CANADIAN PRESS/Paul Chiasson