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bank of montreal News

Cyber thieves claim they have hit two large Canadian banks

Montreal - Bank of Montreal and Canadian Imperial Bank of Commerce said on Monday that cyber attackers may have stolen the data of nearly 90,000 customers in what appeared to be the first significant assault on financial institutions in the country.

OECD reduces growth prediction for Canadian economy

Ottawa - The Organization for Economic Co-operation and Development has lowered its forecast for growth in Canada and also globally as new investment remains sluggish, unemployment high, and consumers reluctant to spend.

26% of Canadians expect bonus, most plan to save or pay off debt

Toronto - Will you be expecting an annual year-end bonus from your company in the coming weeks? A new poll suggests that only a small number of Canadian workers are anticipating a monetary bonus at the end of the year.

Report: Canadians to spend $1,610 this holiday season, up 15%

Toronto - The holiday shopping season is here and that means endless shopping for friends, family, colleagues and people you don't like. This year's BMO Holiday Spending Outlook found that Canadians will spend 15 percent more this Christmas.

Impulse shopping costing Canadians thousands of dollars per year

Toronto - We have all been there. We walk by a store, notice something that catches our fancy and we purchase it in the name of making ourselves feel better. Also known as impulse shopping, a report reveals that this practice is costing us dearly.

One-third of Canadians unprepared for financial downturn: poll

Toronto - If you suffer from a job loss or there is a financial downturn, are you able to survive for three months on your savings? Although many are prepared compared to a year ago, a significant number of Canadians would not be ready to weather a slump.
 

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