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Tag Archives: loan

CIBC beats profit estimates, TD posts lower profit on loan loss provisions – National

Canadian Imperial Bank of Commerce exceeded estimates for first-quarter profit on Thursday, driven by gains in its domestic personal and business banking unit that offset a blow from higher provisions it set aside for potential bad debts. Although higher interest rates have slowed demand for bank loans, they have helped …

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Some Saskatchewan small businesses at risk of closing as loan repayment deadline nears

Descrease article font size Increase article font size Hank Ukrainetz is the owner of Hank’s Tavern, a hotel and tavern in the City of Bradwell, Sask. Her business was one of the 29,088 small businesses that benefited from federal emergency loans during the covid 19 pandemic. The Canada Emergency Business Account …

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As mortgage payments go up, should you renew or refinance your home loan? – National

Many Canadian homeowners are facing sticker shock with their monthly payments as their mortgage comes up for renewal, leaving them with a crucial choice: whether to renew or refinance their home loan. “They’re used to paying $2,000 every single month for the last five years and all of a sudden, …

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Manitoba student loan allowance to increase – Winnipeg

Descrease article font size Increase article font size Current and future post-secondary students in Manitoba receiving financial help from the government can expect to see their weekly allowance grow this fall, the province announced. The Manitoba government said as of Aug. 1 the maximum benefit allotted to students will increase …

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Canada’s banks brace for possible wave of loan defaults. Why that matters – National

Earnings week for Canada’s biggest banks saw the country’s major lenders move in lockstep ahead of a projected economic downturn, with each putting more money away for a possible rise in credit losses. Experts say the more expensive cost of borrowing in Canada and the possibility of job losses could …

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No land? No loan. Why it can be hard to borrow money from a bank if you live on reserve

LouAnn Solway’s love of ranching runs deep. She grew up on Siksika First Nation, about 100 kilometres east of Calgary, and learned how to care for cattle from her father and grandfather. “I was always supposed to be around cattle, feeding them, watering them and fixin’ fences and, you know, making …

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Finance Canada defends $10 billion loan guarantee for Trans Mountain

Finance Canada is defending its $10 billion loan guarantee for Trans Mountain to help the company finish its pipeline expansion after opposition parties and environmental groups called it a fossil fuel subsidy. This financial support comes after the government said in February that no more public money would be poured …

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