By Nivedita Balu TORONTO (Reuters) -TD Bank, Bank of Montreal and National Bank of Canada said on Friday they were withdrawing from the Net-Zero Banking Alliance, joining the big-six U.S. banks in quitting the banking sector climate coalition.

Four of Canada's biggest lenders said on Friday they were withdrawing from a global banking sector climate coalition, joining six major U.S. banks.

Mark Carney, the first non-Brit to run the Bank of England since it was founded in 1694 and the former head of Canada’s central bank, says he is entering the race to be Canada’s next prime minister fo

Chief economists at five of Canada’s largest banks say Trump’s belligerence opens a window to address long-standing Canadian problems, such as interprovincial trade barriers and regulatory environment

The Bank of Canada’s policy rate currently sits at 3.25 per cent, after two consecutive half point cuts in October and December of last year. The rate now sits at the upper band of the central bank’s neutral range, with economists predicting it will have more room to fall to below two per cent, if Trump follows through on his tariff threats.

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Canada's main stock index posted its biggest decline in over three weeks on Friday as rising prospects that the Federal Reserve would pause its interest-rate cutting cycle encouraged investors to take some profits after strong gains for the market in 2024.

The Canadian dollar, known as the loonie after the bird that graces it, got its wings clipped in 2024. Growing domestic political turmoil — Justin Trudeau announced on Monday that he would step down as prime minister and leader of the Liberal party — and the threat of new tariffs from the incoming Trump administration will keep it caged in 2025.

Ever since losing to Joe Biden in 2020, Trump has run a relentless campaign suggesting he plans a more organized version of his first term. His priorities remain the same: cutting taxes to boost the economy,

As Trump is set to take office, he'll be inheriting a troublesome housing market where affordability continues to erode for millions of Americans.

Bank of Canada Needs Clearer Guidance When Deploying QE

2024 was a stellar year for banking giants in the United States. According to a report in the Financial Times, the seven largest banks in the country by deposits accounted for 56% of the industry’s profits during the first nine months of the year, up from 48% during the same period in 2023.