From a U.S. money-laundering probe and the cancelled acquisition of First Horizon Corp in May, Canada's TD Bank has faced turbulence that is making questions...
TORONTO - From a U.S. money-laundering probe and the cancelled acquisition of First Horizon Corp in May, Canada's TD Bank has faced turbulence that is making questions about who will succeed CEO Bharat Masrani top of mind for many investors.
Rhodes was replaced by Ray Chun, who joined TD in 1992 and has held top roles across its wealth management and insurance units. Following the traditional pattern at Canadian banks to promote from within among long-serving executives, Masrani rose to CEO after building the bank's U.S. franchise over seven years as U.S. head.
Scotiabank named board member Scott Thomson, former CEO of Caterpillar dealer Finning, as its chief last year. The appointment rattled investors. -- Bank of America Corp.’s Savita Subramanian is the latest equity strategist to ratchet up her target for the S&P 500 Index to among the highest on Wall Street after this year’s rally left forecasters blindsided.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canada must ‘leverage the hell out of’ Biden’s LNG freeze: CAPP CEOCanadian LNG producers have no working infrastructure to export overseas.
Read more »
Canada's unemployment rate drops for first time since 2022: reportCanada's unemployment rate fell 0.1 percentage points to 5.7 per cent in January, according to Friday's Statistics Canada labour force survey, the first decline in over a year.
Read more »
Canada's Federal Government Posts $23.6 Billion Deficit for First Nine Months of Fiscal YearThe federal government has reported a budgetary deficit of $23.6 billion for the first nine months of its 2023-24 fiscal year. Government revenue increased to $318.1 billion, while program expenses rose to $301.0 billion. Additionally, Canada's first Indigenous-owned investment dealer is set to launch with the partnership of Scotiabank, Nch'kay Development Limited Partnership, Des Nedhe Financial LP, and Chippewas of Rama First Nation.
Read more »
Lanterra to Install First Permanent Sculpture in Canada at Notting HillLanterra will create its first permanent sculpture in Canada as part of a new public art project to be installed at Lanterra’s community development The sculpture is slated for installation in early 2026 stated a release. Notting Hill is located at 4000 Eglinton Ave W. in Toronto’s west end. Tonkin Liu is led by partners Anna Liu and Mike Tonkin. Lanterra has also partnered with OCAD University and the Etobicoke School of the Arts to fund a mentorship program led by Liu and Tonkin. Students will work with Liu as the Notting Hill art project proceeds through the research and design phase, the fabrication phase and the installation phase. Tonkin Liu was awarded the commission after a selection process undertaken by an advisory committee of local artists along with Lanterra chairman Mark Mandelbaum and Richan Art principal Emma Richan. a sculpture in Burnley, which was selected as one of 21 landmarks that define Britain in the 21st century. Notting Hill is a master-planned community that will feature four towers, two podiums, green spaces and parks
Read more »
First significant snowfall in a few weeks on the way to OttawaThe first notable snowfall in a few weeks is in the forecast, Environment Canada says.
Read more »
First significant snowfall in a few weeks to hit Ottawa during afternoon commuteThe first notable snowfall in a few weeks is in the forecast, Environment Canada says.
Read more »