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Expanding into the U.S. marketplace is “strategically important” for Canadian Imperial Bank of Commerce, but Canada’s fifth-largest bank will not be rushed, chief executive Victor Dodig told shareholders Tuesday. “We know that our business banking and our corporate banking customers are expanding – in to the U.S.,” he said in the company’s annual meeting in Vancouver. “We want to be ...

TORONTO – The earth’s top two gold consultancies have offered up mixed outlooks for prices in 2016. Metals Focus and Thomson Reuters GFMS each launched their 2016 gold reports on Thursday. Both firms are cautious on gold in the short term, because they see prices pulling during the second quarter after rising a whopping 16 per cent within the first ...

Debate about whether and the way to regulate rapidly proliferating fintech companies heated up on both sides from the border Thursday, as the chief executive of Toronto-Dominion Bank called for increased oversight in Canada and an arm of the U.S. Treasury signalled intends to pursue a regulatory framework in that country. Speaking at his bank’s annual meeting in Montreal, TD’s ...

WASHINGTON/CHICAGO – The chairman from the U.S. House Transportation and Infrastructure Committee announced his opposition to Canadian Pacific’s proposed railroad merger with Norfolk Southern Corp, dealing a fresh blow towards the prospect of a deal. “I don’t believe it is within the best interests of the U.S. freight transportation system, railroad employees, rail shippers and also the short line railroads,” ...

How do you create a happy couple of shareholders? Well if you are an East Coast utility the trick is pretty simple: Purchase a U.S. utility, make sure the multi-billion dollar acquisition is accretive, finance it in a creative manner, wait for a many regulatory approvals to be received and sit back and watch the stock rise. That course of action ...

Canadian planemaker Bombardier Inc , that is seeking government help to help finance its CSeries passenger jet program, said hello received a strong order for 20 Challenger 350 aircraft. The company said on Friday the order was worth about $534 million based on the list price, but didn’t disclose the name of the buyer, citing competitive reasons. More in the ...

CALGARY — One of the greatest events on the Calgary Stampede’s party circuit won’t go ahead this year. Investment dealer FirstEnergy Capital states that, the very first time in 2 decades, it won’t be hosting its annual FirstRowdy bash this July. In past years, the party has been headlined by big-name acts like the Barenaked Ladies. In a letter to ...

TORONTO – Sears Canada has decided to sell and lease back a distribution centre in Calgary to Canadian Tire’s real estate trust. CT Real Estate Investment Trust says it’ll spend about $84 million including transaction costs for the location. The Sears rentals are near to two Canadian Tire distribution centres, including one acquired through the rely upon 2014. Related Sears ...