Mark Carney, the first non-Brit to run the Bank of England since it was founded in 1694 and the former head of Canada’s central bank, said Thursday he is entering the race to be Canada’s next prime minister following the resignation of Justin Trudeau.

Toronto-Dominion Bank faces challenges including U.S. AML settlements, restructuring efforts, and suspended medium-term financial targets, impacting investor confidence. Despite these issues ...

TD Bank global anti-money laundering officer stepping down Toronto-Dominion Bank is aiming to sell about $9 billion of residential mortgage loans in order to modify its balance sheet to comply ...

Chrystia Freeland has called for economic retaliation if President-elect Trump follows through with his threat to impose tariffs.

MDA Space shares fell over 11% to C$24.00 after a Bloomberg report said Apple, through T-Mobile, is working with Starlink on satellite service, stoking fears that it could affect MDA Space's undisclosed client, widely believed to be a competitor and Apple's current partner.

OTTAWA--The Bank of Canada is formally ending its program to shrink central-bank reserves, and anticipates resuming asset purchases on March 5 as part of normal balance-sheet management.

Under quantitative tightening, the central bank allows assets to roll off its balance sheet without reinvesting the proceeds. The central bank started to shrink its reserves after they ballooned during pandemic, as the Bank of Canada executed large-scale asset purchases to stabilize financial conditions and lower long-term rates.

The Bank of Canada is likely to cut interest rates by a quarter percentage point on Wednesday as officials lay out their analysis of how US tariffs might derail a soft landing for the Canadian economy.

As Canada’s currency weakens, fund managers are leaning into sectors that pay expenses in the local currency while collecting revenue in US dollars. That has made buying stocks in gold miners a jackpot trade as the so-called loonie is expected to fall further.

The race to replace Canadian Prime Minister Justin Trudeau is now set, with former central banker Mark Carney and former Deputy Prime Minister Chrystia Freeland the two biggest names to have declared their candidacy.

Carney has secured the backing of Foreign Affairs Minister Melanie Joly, Environment Minister Steven Guilbeault, Energy Minister Jonathan Wilkinson and Labor Minister Steven MacKinnon. He will receive a public endorsement from Industry Minister Francois-Philippe Champagne on Sunday, said a person close to Champagne.

Liberal leadership hopeful Mark Carney secured three more endorsements from cabinet on Saturday, with Defence Minister Bill Blair and Transport Minister Anita Anand backing Carney in statements on X and Housing Minister Nate Erskine-Smith hosting an event for the candidate in Toronto.