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Banking / Investment in Canada

  • Canada to offer more opportunities to Chinese investors

    CHINA, 2016/09/04 Canadian Prime Minister Justin Trudeau said in Beijing on Tuesday that Canada welcomes Chinese investment and he would try his best to offer additional opportunities to Chinese enterprises. He made these remarks while talking with additional than 70 Chinese entrepreneurs at the China Entrepreneur Club Leaders Forum organized by the China Entrepreneur Club. This is his initial stop of his China visit from Aug 30 to Sept 6. He says that as the world's second major economy, China plays a central role in driving world economic increase. The strengthening relationship with China is beneficial for both sides. Canada, as a country that is willing to support the development of enterprises, is very willing to cooperate with Chinese enterprises and support their development.

  • Canada applies to join China-backed AIIB, latest U.S. ally to apply

    CHINA, 2016/09/04 Canada will apply to join the China-backed Asian Infrastructure Investment Bank, or AIIB, Canadian and bank officials said on Wednesday, making it the new ally of the United States to join the new international development bank. The multilateral institution, seen as a rival to the Western-dominated World Bank and Asian Development Bank, was initially opposed by the United States but attracted a lot of U.S. allies inclunding Britain, Germany, Australia and South Korea as founding members. Japan and the United States are the majority prominent nations not represented in the bank.

  • Bank of Canada’s economic forecast in spotlight as rates appear on hold

    CANADA, 2016/04/15 Few forecasters, if any, are expecting the Bank of Canada to alter its current lending level this week. Instead, what central bank watchers will be looking for is how Stephen Poloz and his policy team view the federal government’s budget plans for 2016 and beyond — and will they jibe with the bank’s own updated forecasts to be published on Wednesday in its quarterly Monetary Policy Statement. That’s the same day Poloz will announce the bank’s decision on its trendsetting interest rate.

  • Canada gives Mali 29 billion CFA francs for 4 projects

    CANADA, 2014/08/30 Canada and Mali have signed four Memorandums of Considerate totaling about 29 billion FCFA to finance four projects to promote socio-economic development in rural areas of the West African country. Official sources said the MOUs were signed on Wednesday by the Malian Minister of Foreign Affairs, African Integration and International Cooperation, Mr. Abdoulaye Diop and the Chargé d'Affaires of the Embassy of Canada in Mali, Mr Marc-Andre Fredette. The initial project entitled Support to Rural Inclusive Financing in Mali (AFIRMA) is part of a sectoral and inclusive approach to the development of microfinance.

  • HSBC remains the leader of The Banker’s Central American

    ARGENTINA, 2013/03/13 While Panama's banks held their lead as the biggest banks in Central America, Nicaragua steamed ahead in terms of return on capital and return on assets. HSBC remains the leader of The Banker’s Central American rankings with a Tier 1 capital up by 8.38% to $1.23bn in 2011, the last available financial year.

  • Scotiabank Q4 Profit Up 31%

    CANADA, 2012/12/08 Bank of Nova Scotia or Scotiabank (BNS: Quote,BNS.TO: Quote) on Friday reported a 31 % increase in profit for the fourth quarter from last year. The results reflect increase in earning assets and stronger fixed- benefits trading revenues, partially offset by a higher provision for credit losses.
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