Industry

Alberta man charged with fraud and theft from investors

An Alberta man was criminally charged with fraud and theft related to an alleged investment fraud, the Alberta Securities Commission and Alberta RCMP said Monday. Shaun Wayne Howell, from Drayton Valley, Alta., was charged with three counts of fraud and three counts of theft over $5,000, the ASC said in a release. The regulator and […]

By Staff |August 28, 2018

1 min read

BMO’s profit rises in Q3 on strong U.S. results

BMO Financial Group topped expectations for its third-quarter results, boosted by strength in its U.S. operations. The bank said Tuesday it earned $1.54 billion for the quarter ended July 31, up from $1.39 billion in the same quarter a year ago. The profit amounted to $2.31 per share for the quarter, up from $2.05 per […]

By Staff |August 28, 2018

2 min read

Scotiabank raises dividend as Q3 profit drops to $1.94B

Scotiabank raised its dividend even as it reported its third-quarter profit slipped compared with a year ago, partially due to a hit from acquisition-related costs. The bank said Tuesday it will raise its quarterly dividend by three cents to 85 cents per share. The increase came as Scotiabank reported a third-quarter profit of $1.94 billion or […]

By Staff |August 28, 2018

2 min read

How financial services firms plan to differentiate their services

As fintech shakes up the financial services and insurance sectors, firms face the challenge of digitization or they risk losing clients. “Firms are facing digital threats from new disruptive forces, clients are demanding better user experiences and costs associated with legacy business models are not sustainable,” says David Reeve, CEO at InvestorCOM, in a release. […]

By Staff |August 27, 2018

3 min read