Canadian Banks Shrink Workforces As They Invest Heavily In Technology

Canadian banks shrink workforces as they invest heavily in technology

Canada's top banks are shedding workers for the second straight year, moving toward leaner operations to satisfy investors demanding returns on tens of billions of dollars that lenders have poured ...

Canadian banks shrink workforce as they invest heavily in technology

Five of Canada's six biggest banks cut their workforces 4.4% from a year earlier to a combined total of 291,409 full-time equivalent employees as of Jan. 31.

Canadian banks shrink workforce to cover big tech investments

Canada's banks are shedding workers for the second straight year, moving toward leaner operations to counter their technology investments.

Mortgage Changes May Accelerate Canadian Property Bubble, Not Helpful: Big Six Banks

The change will shrink supersized mortgage budgets, reducing the number of over-leveraged borrowers. Two of Canada’s largest banks say it’s a move in the right direction, but not enough. Both don’t ...

TD branch network unlikely to shrink despite growing technology push, CEO says

Toronto-Dominion Bank is unlikely to close a large number of branches in Canada even as it accelerates investments in technology, as demand for in-person services has stayed strong during the ...

USD/CAD - Canadian Dollar Flirting with 80 cent level

The Canadian dollar is bouncing around the U.S. 80-cent level, but the rally is struggling to maintain momentum. One of the issues may be due to rapidly rising COVID-19 cases in Ontario and many other ...

Buy bank stocks after Citi, Goldman Sachs, BoA and JPMorgan earnings wowed, says this research group

Coinbase’s hotly-anticipated initial public offering hogged the spotlight on Wednesday, eclipsing blowout results from banks, which kicked off ...

Bank regulator proposes higher mortgage stress test level, making it harder to qualify for home loan

Canada's top banking regulator is proposing to raise the mortgage stress test level to 5.25 per cent or two percentage points above the market rate, whichever is higher, making it harder to qualify ...

Canadian Dollar: The Good News is in the Price says Citi

The Canadian Dollar is 2021's top performing currency, but a number of foreign exchange analysts we follow are now of the view the currency's outperformance is at risk of fading as new lockdowns pose ...

Bank regulator raises Canada's mortgage stress test level, making it harder to qualify for home loan

Canada's top banking regulator is raising the mortgage stress test level to 5.25 per cent or two percentage points above the market rate, whichever is higher, making it harder to qualify for a home ...

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