Browse "Industry"

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Royal Bank of Canada (RBC)

Royal Bank of Canada (RBC) was founded in 1864. Today, it is the country’s largest chartered bank and financial institution. It has five divisions: Personal and Commercial Banking, consisting of banking operations in 36 countries around the world; RBC Wealth Management, consisting of investment products and services for retail investors; RBC Capital Markets for international investment banking services; RBC Insurance for individual and group clients; and Investor and Treasury Services, providing custody services and fund administration for international clients. Royal Bank is a public company that trades on the Toronto Stock Exchange, New York Stock Exchange and SIX Swiss Exchange under the symbol RY. In 2018, RBC registered $42.6 billion in revenue and $12.4 billion in profit and held $1.3 trillion in assets. Royal Bank employs more than 84,000 people, who serve 16 million customers. 

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Continental Bank of Canada

The Continental Bank of Canada, with head offices in Toronto, began operations as a subsidiary of a finance company, IAC Limited (founded in 1925 as Industrial Acceptance Corp Ltd). In 1981 it absorbed IAC and was chartered as a bank.

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Canadian Imperial Bank of Commerce (CIBC)

The Canadian Imperial Bank of Commerce, commonly known as CIBC, is the fifth largest chartered bank in Canada. It was created through the 1961 merger of two Ontario-based banks, the Canadian Bank of Commerce and the Imperial Bank of Canada — the largest merger of two chartered banks in Canada’s history. Today, CIBC operates its business in Canada and abroad through three divisions: retail and business banking, wealth management, and capital markets. CIBC is a public company that trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbol CM. In 2018, CIBC registered $17.8 billion in revenue and $5.3 billion in profit and held $597.1 billion in assets. The bank employs approximately 44,000 people, who serve 10 million customers.

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Toronto-Dominion Bank (TD)

The Toronto-Dominion Bank, commonly known as TD, is the second-largest chartered bank in Canada. The Toronto-Dominion Bank is the result of the past mergers of three financial companies: The Bank of Toronto, The Dominion Bank, and Canada Trust. The mergers began in 1955 when The Dominion Bank merged with The Bank of Toronto. This group then acquired Canada Trust in 2000, creating a new entity called TD Canada Trust. Toronto-Dominion Bank is a public company that trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbol TD. In 2018, TD registered $38.8 billion in revenue and $11.3 billion in profit and held $1.3 trillion in assets. The bank employs more than 85,000 people, who serve more than 25 million customers.

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Banking in Canada

Banking is a financial process carried out by an institution that accepts deposits, lends money and transfers funds. Canada's major banks play a vital role in the economy and today also engage in the insurance, trust and securities markets. Their business, the technology surrounding it and the regulations that govern it, have evolved continuously over the centuries.

Macleans

Eaton's Goes Bankrupt

It seemed like a simple, last-minute, prenuptial task. Jim Pole and Nicole Pelletier from Thunder Bay, Ont., were to be wed on Aug. 21 in the lush Montreal suburb of Vaudreuil. The day before the big event, they just wanted to pick up the groom's new $1,000 suit. After calling the T. EATON CO.

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Chartered Banks in Canada

Chartered banks, sometimes known as commercial banks, are public corporations that are licensed by the federal government to operate a banking business within Canada. By issuing these licenses (or charters), the Canadian government regulates and controls the country’s economy by influencing the amount, availability and distribution of money, and the terms or cost of accessing and distributing that money (interest rates). Chartered banks are regulated by the federal Bank Act and supervised by the Office of the Superintendent of Financial Institutions. Chartered banks in Canada accept deposits from the public and extend loans (such as mortgages) for personal, commercial, and other purposes. Banks also own and operate trust companies, securities dealers and insurance companies and offer such services as investment banking, international banking and more.

Macleans

BC Telecom/Telus Merger

George Petty is a plain-speaking guy, not prone to superlatives. So when he told Telus Corp. shareholders last April that he wanted to turn the Alberta telecommunications company into one of the world’s "premier communications" firms, he was not bluffing.

Macleans

BCE Sells Nortel

If it's true that you've got to be smart to be lucky, then Jean Monty is one heck of a smart businessman. A year ago, the chief executive officer of BCE Inc. flirted with the idea of swapping the conglomerate's 39-per-cent stake in Nortel Networks Corp.

Macleans

BCE Bids for CTV

Watch what I do, not what I say. That, in effect, is how BCE Inc. chief executive Jean Monty explained the latest and boldest step in his campaign to reinvent the Montreal-based telecommunications giant as the dominant provider of Canadian content on the Internet.

Macleans

BCE, Thomson Create Media Colossus

Over the past year, Jean Monty has been buying up properties and piling them on top of one another much like a winner at a blackjack table stacks his chips in multicoloured towers. In February, the chairman and chief executive of BCE Inc. dished out $6.8 billion for control of Teleglobe Inc.

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de Havilland Beaver

De Havilland Beaver, DHC-2, successor to the NOORDUYN NORSEMAN as the all-purpose bush plane of the Canadian North. Its specifications were based on results of a questionnaire circulated by "Punch" DICKINS , and it