Gerald McCaughey, who cut risk as head of Canadian Imperial Bank of Commerce after costly missteps in the 2000s, plans to retire in two years.
Canadian stocks rose for a second day as commodities producers advanced after manufacturing expanded at the fastest pace this year in China.
Canadian stocks gained after two days of declines as energy companies increased with the price of oil while raw-material and technology companies fell.
Toronto-Dominion Bank and Royal Bank of Canada, the country’s largest lenders, reached record highs after posting second-quarter profit that beat analysts’ estimates on gains from consumer banking and wealth management.
Canadian stocks rose for a fifth day, the longest advance since February, as copper hit an 11-week high and Ukraine elected a new president.
Toronto-Dominion Bank Chief Executive Officer Ed Clark is showing Canadian rivals that you can bet on the U.S. without risking your stock.
BlackBerry Ltd.’s search for a buyer is stirring up old memories of another former Canadian technology giant that fell from glory.
"We're in a stretch where investors just can't believe how good it is."
- Ian Nakamoto on Jul 07, 2014