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Toronto Police say they have cracked down on a scheme where hundreds of bank accounts with fake names were opened by one person. In a press conference on Monday, Det. David Coffey of the financial crimes unit alleges the accused used “synthetic identities” to defraud banks. “The synthetic identities can …
Read More »Carbon rebate labelling in bank deposits fuelling confusion, minister says – National
Canadian banks that refuse to identify the carbon rebate by name when doing direct deposits are forcing the government to change the law to make them do it, says Environment Minister Steven Guilbeault. Guilbeault is taking the stand after Tuesday’s federal budget promised to amend the Financial Administration Act so …
Read More »2 years in, has the Bank of Canada’s historic rate hike campaign done the job? – National
It’s been two years since the Bank of Canada started the most aggressive interest rate hike campaign in its history in a bid to tame rampant inflation, and the Canadian economy looks vastly different. As the Bank of Canada delivered the first of what would be 10 interest rate hikes …
Read More »Limited exposure to U.S. commercial real estate giving Canadian bank investors hope. Why? – National
Limited exposure to U.S. commercial real estate (CRE) is giving shareholders hope that Canada’s big banks can weather the storm that has rocked rivals in the United States and Europe. However, investors will be on alert for signs of stress when Canada’s top six banks next week post first quarter …
Read More »City of Sudbury scammed out $1.5M by fraudsters, duped into wiring cash to Toronto bank account – Toronto
The City of Greater Sudbury has fallen victim to fraud, after an unknown party posing as a contractor scammed the municipality out of over $1.5 million last month. The city says it is now trying to recover the funds, which were deposited into a Scotiabank account set up at Scarborough …
Read More »The Bank of Canada’s rate decision will reflect inflation’s difficult ‘last mile’ – National
As the Bank of Canada prepares to make its first interest rate decision of the year on Wednesday, economists say headwinds in the “last mile” of the inflation fight will serve as a final hurdle before rate cuts can begin. Inflation has cooled significantly from highs of 8.1 per cent …
Read More »Ontario food bank users rose 38 per cent last year: report
Descrease article font size Increase article font size TORONTO — A report released today indicates the number of people who used Ontario food banks went up 38 per cent last year, which it says is the largest single-year increase recorded by the province’s food bank network. The new report by …
Read More »West Island food bank holds drive to fill empty shelves, prepare for holiday season – Montreal
Descrease article font size Increase article font size One home at a time, dozens of volunteers and staff from the West Island Mission went door to door in Pointe-Claire on Sunday morning. They were collecting food from people’s porches to bring back to the food bank’s pantry. Usually, the West …
Read More »Winnipeg man arrested during afternoon bank robbery attempt, police say – Winnipeg
Descrease article font size Increase article font size A Winnipeg man is facing a robbery charge after being arrested in an attempted bank robbery Monday afternoon, police say. Officers responded to a hold-up alarm from a Portage Avenue bank branch in downtown Winnipeg just after 4 p.m., where they found …
Read More »TD Bank launches new tool for people with disabilities. How does it work?
Encountering a pop-up video that plays automatically may be a mere irritant to most while browsing the web, but for Susan Santola, the consequences could be far more dire. It could potentially cause a seizure. Santola, a governance and compliance specialist at TD who lives with epilepsy, has spent decades …
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