BMO Financial Group, Bank of Nova Scotia, and National Bank of Canada all reported second-quarter earnings that exceeded analyst expectations, each raising their quarterly dividends. BMO led with a 34% profit increase to $2.63 billion, driven by capital markets despite weaker domestic retail, and plans to sell some finance businesses. Scotiabank posted adjusted earnings of $2.02 per share, with strong efficiency gains but a slight decline in global banking. National Bank also beat estimates with strong capital markets performance and raised its dividend by 6.5%. These results suggest improving profitability and confidence in the Canadian banking sector amid mixed segment performances.
The Canadian ETF industry has matured beyond simple index funds, with net inflows exceeding $100 billion this year, fueled by equity strategies and alternative assets like gold. Investors are diversifying into utilities and infrastructure to capitali...
BMO Financial Group has been honored with three major awards by Global Finance, including Best Bank in North America, Best Bank in the Western U.S., and Best Bank for Transaction Banking in North America. These awards recognize BMO's strong financial...
Canadian Do-It-Yourself (DIY) ETF investors joined BMO ETFs executives and Toronto Stock Exchange leaders to open the trading day in Montreal. The event celebrated DIY investors and included educational panels aimed at empowering Canadian ETF investo...
Life & Banc Split Corp. plans a 12-for-100 stock split for its Class A shares, effective June 25, 2026, pending Toronto Stock Exchange approval. This move follows the Fund's strong performance, with Class A shares delivering a 23.6% annual return ove...
Financial 15 Split Corp. completed an overnight offering of preferred shares, raising approximately $107.8 million. The funds will be invested in a portfolio of high-quality North American financial services companies, including major banks and insur...
