Deputy Prime Minister Chrystia Freeland said Thursday financial institutions have moved quickly to freeze the accounts of people linked to the demonstrations in Ottawa, leaving an unknown number of protesters in financial limbo.Deputy Prime Minister and Finance Minister Chrystia Freeland speaks about the implementation of the Emergencies Act on Thursday, Feb. 17, 2022 in Ottawa. (Adrian Wyld/Canadian Press)Deputy…
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Banks are moving to freeze accounts linked to convoy protests. Here’s what you need to know
by Sue JonesUsing powers granted under the Emergencies Act, the federal government has directed banks and other financial institutions to stop doing business with people associated with the anti-vaccine mandate convoy occupying the nation’s capital.A police officer looks for a place to leave a notice as they tour the protest area, Wednesday, Feb. 16, 2022 in Ottawa.…
One of the challenges the financial sector faces when pouring more money toward lowering the world’s emissions is the risk-averse nature that is ingrained in the DNA of many banks.The world’s finance sector took centre stage at COP26, the recent UN climate summit in Glasgow. Pressure to do more has been building on the industry in…
- Politics
Food banks, already in crisis mode due to pandemic, are bracing for more visits as cost of living rises
by Sue JonesFood banks in Canada have seen a major surge in visits throughout the COVID-19 pandemic, according to a new report, with the high cost of living and ongoing economic disruption threatening to create countless new clients in the months ahead. Volunteers with the Daily Bread Food Bank prepare food for distribution at its Toronto warehouse. A…
Anyone who uses a smartphone knows the importance of carrying a backup battery pack. But try searching for one on Amazon, say, and you’re likely to feel overwhelmed by the vast number of options. Besides the various charging specs, ports, and even cables you have to consider, there are a ton of competing brands. How…
Peacock has cast newcomer Jabari Banks in the lead role in its dramatic reboot of “The Fresh Prince of Bel-Air”. Banks will…
Elizabeth Banks is attached to executive produce, direct and appear in a major supporting role in the series adaptation of Victoria Aveyard’s…
- Politics
Customers call out banks for increasing fees during pandemic while profits are up
by Sue JonesBank customers from TD, BMO, CIBC and Scotiabank are fuming over increases to fees and service charges, which they say are particularly galling during a pandemic, when many Canadians are struggling to make ends meet. A banking critic says Ottawa needs to step in.
Updated Don’t leave home without one. Rob Schultz / IDG Today’s Best Tech Deals Picked by PCWorld’s Editors Top Deals On Great Products Picked by Techconnect’s Editors Table of Contents Show More Anyone who uses a smartphone knows the importance of carrying a backup battery pack. But try searching for one on Amazon, say, and…
Toronto-Dominion Bank and Canadian Imperial Bank of Commerce closed out quarterly results reporting on Thursday, joining major rivals in beating expectations, thanks to much lower provisions for loan losses and trading strength even as their retail businesses posted muted growth or declines.Canada’s major banks surpassed pre-pandemic profit levels in the first quarter as an increase…