Canadian banks had a ‘sloppy’ end to the year, and 2020 doesn’t look like it will be much better

Canada’s banks ended the year with their weakest earnings growth since 2016. There may be little improvement next year, as rising loan losses and eroding margins affect bottom lines. Bank analysts are tempering their forecasts for the next year after a difficult fiscal fourth quarter, when half of Canada’s six largest banks missed expectations. The […]

China, U.S. trade deal has plenty of momentum to be reached before election: Blackstone’s Schwarzman

Stephen Schwarzman, head of Blackstone Group Inc., the world’s largest alternative asset manager, has been stepping beyond his well-honed role as a corporate dealmaker into the midst of high-stakes trade negotiations between nations. During a stop in Toronto Wednesday to give a speech to the Canadian club and promote his recent book, What It Takes, […]