Canadian stocks rose, with the benchmark index near a three-year high, as banks rallied on better-than-forecast earnings and U.S. Federal Reserve Chair Janet Yellen said stimulus cuts could slow if growth weakens.
Kevin Li, head of Canadian investment banking at Canadian Imperial Bank of Commerce, was promoted to lead its European business, according to Vlaad & Co., a Toronto-based financial-services recruiting firm.
Nova Scotia is avoiding the Canadian equivalent of Libor while pricing the province’s latest variable-rate debt offering amid a widening probe into alleged market manipulation of benchmark interest rates.
Traders are betting the Canadian dollar fell too far, too fast in its worst start to a year in more than four decades, as rising commodities prices and a forecast budget surplus damp speculation for interest-rate cuts.
Robert Winslow left his agriculture analyst role at National Bank of Canada to join Bank of Montreal’s asset management unit as vice president and director of research, according to Vlaad & Co., a Toronto-based financial services recruiting firm.