Tal Schwartz’s Post

Canada’s banking sector is facing further consolidation as National Bank of Canada has reached an all-share deal to acquire Canadian Western Bank that values the lender at about $5 billion, reported the Financial Post.   "The deal will see Quebec-focused National Bank expand its geographic reach as it takes over Canadian Western’s operations, which are concentrated in Alberta and British Columbia." https://lnkd.in/gt7p7Ud2 #canada #bank #consolidation

How is National Bank of Canada reinventing the banking landscape in Canada? They've announced a $5bn deal to acquire the Canadian Western Bank. This will be a game-changer for Laurent Ferreira, CEO of National Bank, offering a bigger footprint across Western Canada. #bankingacquisition #NationalBankofCanada #CanadianWesternBank

Funds set aside for possible loan losses continued to climb among Canada’s banking giants as TD and Canadian Imperial Bank of Commerce (CIBC) closed out Q1 earnings seasons by revealing higher credit loss provisions. #investment #investmentrealestate #banks #cre #earningsreport

Breaking News: The Bank of Canada holds its key interest rate steady, paving the way for stability and financial certainty. 🏦 💼 At Blue Capital Equipment Finance, we're here to navigate the financial landscape for your business. Secure your equipment financing with confidence as we continue to provide flexible solutions tailored to your needs. Let's drive your success forward together! 🌐💰 #BlueCapitalFinance #BankOfCanada #financialstability

🔍 Stay in the know! The Bank of Canada’s latest rate cut could impact your business strategy. 📉 Learn how to navigate these changes and leverage new opportunities for growth. #BankofCanada #InterestRates #BusinessFinance #CanadianEconomy #BusinessStrategy #SMB #CorporateFinance #EconomicTrends

In contrast with the top five banks in the United States, which hold just over a third of the market, Canada’s Big Five famously dominate around 90% of the market for financial services. They’re also some of the most profitable on the planet, with their Canadian personal and commercial banking services regularly notching profit margins north of 30%. Amid a once-in-a-generation cost-of-living crisis, there is heightened scrutiny of the ways Canadians’ lives are made more expensive, big and small. And many people continue to struggle financially, Canadian banks are quietly pulling in billions a year on a yawning gap between the rates paid to savers and charged to borrowers, writes Keldon Bester executive director of Canadian Anti-Monopoly Project. #banking #cdnpoli https://lnkd.in/d5xBppXp

Following the long-awaited rate cut last month, the Bank of Canada has just announced another reduction today. The cut of 25 basis points drops the policy rate to 4.5%! 📉 What does this mean for your business? It could be time to take advantage of declining rates and pursue new projects or refinance existing debt. Got plans for your business in light of this news? Let's turn them into action! Speak with our team of funding experts today to get started 👉 https://bit.ly/4bSs4NT #Swoop

Breaking News: The Bank of Canada holds its key interest rate steady, paving the way for stability and financial certainty. 🏦💼 At Blue Capital Equipment Finance, we're here to navigate the financial landscape for your business. Secure your equipment financing with confidence as we continue to provide flexible solutions tailored to your needs. Let's drive your success forward together! 🌐💰 #BlueCapitalFinance #BankOfCanada #financialstability

Unlock faster banking with Royal Bank of Canada Express! Bronte Bay helps businesses get easy access to loans, lines of credit, and cash flow with express approvals. Let us streamline your financial needs today. Read more: https://lnkd.in/d7JeJ9kt #BronteBay #RBCLoans #BusinessGrowth