For example, following its purchase of the RBS Sempra commodities business in mid-2010, JPMorgan Chase& Co sought Fed permission to trade a range of niche physical oil products such as asphalt, Canadian condensate and marine diesel. After it became clear that the Fed would not grant the request, JPMorgan withdrew it. "The decision of the Federal Reserve not to...
Nov 18- Canadian regulators are investigating traders' practice of circumventing domestic markets by sending stock orders to venues in United States in exchange for rebates, the Wall Street Journal reported. "But, in Canada, brokers are prohibited from paying them, and regulators there, including the Ontario Securities Commission, are exploring whether rule...
TORONTO, Oct 28- Canada's main stock index rose more than 1 percent on Tuesday, with higher crude and other commodity prices helping boost energy and mining companies as investors returned to buying after a sharp sell-off in recent weeks. Suncor Energy Inc was the biggest positive driver, adding 2.2 percent to C $39, while Canadian Natural Resources Ltd gained...
Oct 28- TD Ameritrade Holding Corp, said quarterly profit climbed 5.5 percent on a jump in net new assets, and forecast further asset growth of 7 to 11 percent in 2015, sending shares up 3 percent in morning trading. It forecast further growth in assets of 7 to 11 percent in fiscal 2015. More than half of the company's asset growth, which creates higher fee revenue,...
Oct 28- TD Ameritrade Holding Corp, the biggest U.S. discount broker as measured by client trades, said its quarterly profit rose 5.5 percent as it reported a jump in net new assets. TD Ameritrade's net income rose to $211 million, or 38 cents per share, for the fourth quarter ended Sept. 30, from $200 million, or 36 cents per share a year earlier. However, TD Ameritrade...
TORONTO, Sept 19- Canada's main stock index took its sharpest one-day hit in seven months on Friday as a broad array of stocks from banks to telecommunications and resource companies pushed it to a 1.7 percent decline for the week.
TORONTO, Sept 16- The Canadian government should tighten lending rules further to discourage consumers from taking on too much debt in an environment of low interest rates, the outgoing chief executive of Toronto-Dominion Bank said on Tuesday.
TORONTO, Sept 5- Canada's main stock index finished Friday's session little changed, as modest, but broad, declines led by financial stocks, offset resource gains and investors kept to the sidelines. Toronto-Dominion Bank was off 0.52 percent at C $57.48, while Royal Bank of Canada slipped 0.4 percent to C $80.76.
TORONTO, Aug 28- Toronto-Dominion Bank and Canadian Imperial Bank of Commerce reported higher third-quarter earnings on Thursday, extending a trend of buoyant capital markets boosting investment banking and trading profits at the country's big lenders.
TORONTO, Aug 28- Toronto-Dominion Bank reported a stronger-than-expected quarterly profit on Thursday, boosted by gains at its core Canadian retail business and the impact of buoyant capital markets on its investment banking and trading arm.
TORONTO, Aug 28- Toronto-Dominion Bank reported a higher quarterly profit on Thursday, boosted by strong gains at its core Canadian retail business and the impact of buoyant capital markets on its investment banking and trading arm.
TORONTO, Aug 22- Royal Bank of Canada on Friday reported a bigger-than-expected increase in quarterly earnings, driven by strong results from its wealth management and capital markets divisions. Shares in the bank hit a lifetime high of C $82.15 early on Friday before easing 1.2 percent to C $80.67 on a negative day on the Toronto Stock Exchange.
TORONTO, Aug 8- Standard& Poor's said on Friday it had revised its outlook on Canadian banks to "negative," due to concerns the government is becoming less willing to bail out banks in the event of a financial crisis.
TORONTO, July 31- Canadian Imperial Bank of Commerce has named wealth management head Victor Dodig as its next president and chief executive, replacing Gerry McCaughey who will retire in September.
NEW YORK, July 29- A U.S. federal appeals court has upheld a $67 million jury verdict against TD Bank, part of Canada's Toronto-Dominion Bank, for helping convicted former lawyer Scott Rothstein run a Florida Ponzi scheme that cost investors more than $1 billion.
NEW YORK, July 29- A federal appeals court has upheld a $67 million jury verdict against TD Bank, part of Canada's Toronto-Dominion Bank, for helping convicted former lawyer Scott Rothstein run a Florida Ponzi scheme that cost investors more than $1 billion.
TORONTO, June 16- Sales of existing homes in Canada jumped in May from April driven by a sharp increase in listings and a deferred start to the spring buying season after a long winter, the Canadian Real Estate Association said on Monday. Actual sales for May, not seasonally adjusted, were up 4.8 percent from May 2013.
OTTAWA, June 13- Jeremy Rudin, an assistant deputy minister at Canada's Department of Finance, has been named head of the country's banking watchdog, Finance Minister Joe Oliver said on Friday. He played an important role in Canada's response to the global financial crisis.
*B2Gold drops after plan to acquire Australia's Papillon. TORONTO, June 3- Canada's benchmark stock index rose for a third straight session on Tuesday, driven by gains in the share prices of energy producers and financial companies, as positive economic data from China boosted sentiment.
Some of Thursday's midday movers: