Falling bank profits amid sliding interest rates in Canada
Canadian Big Five banks posted a 38 percent average net revenue gain for the year ending Oct 31 1981 with Scotia profits rising only 1.2 percent. Excluding Scotia four banks showed a 47 percent gain, but Q4 revenue growth slowed to 15 percent. Analysts warn continued rate declines could press net interest margins in coming quarters.
MENTIONED IN THIS ARTICLE
Canada
Bank of Nova
Scotia
Russell Harrison
Canadian Imperial Bank of Commerce
Kenneth Smee
Royal Bank of Canada
Bank of British Columbia
Commerce
Bank of Nova Scotia
John Cheyne
Richardson Securities of Canada
Winnipeg
Newfoundland entrepreneur plans groundwork for oil boom
Newfoundland's Harry Steele builds a transportation empire after buying Eastern Provincial Airways. He diversifies into shipping, trucking and oil with a $10 million private share offering. Analysts call his moves timely as oil spending could reshape Newfoundland's economy, while banking profits face rate-driven pressure this year.
MENTIONED IN THIS ARTICLE
Tracy Lemay
Financial Times
Gander
Nfld
Newfoundland
Harry Steele
Jack Gallagher
Power Corp
Seymour Schulich
Steele
Newfoundland Capital Corp. Ltd
Eastern Provincial Airways
Schulich
Beutel Goodman and Co. Ltd
John
Canadian budget clashes as business group pushes hearings
The Canadian Federation of Independent Business harshly criticizes the budget in Ottawa. federation president John Bulloch says the group will escalate its nationwide campaign, placing ads and seeking provincial finance ministers to press for hearings. MacEachen defends the plan with tax relief for small firms while Lapointe confirms no public hearings and a move to the committee of the whole.
MENTIONED IN THIS ARTICLE
Ottawa
Canadian Federation of Independent Business
Allan MacEachen
Federation
John Bulloch
MacEachen
Bulloch
Toronto
Charles Lapointe
Lapointe
Committee of
Also Mentioned on This Page
Atlantic Canada
Steeles
Newfoundland Petroleum Administration Act
Stold
Western
Iberia
Chartered Accountants
Adema
Bruce
Edmonton
Alty
Derek George
Anderson
Martin Kenneth
Andrews
D. Lorraine
Calgary
Bailey
Thoma Louise
Bateman
Kathryn Ann
Becker
David Kelsey
Belec
Marlie R.M
Bentz
Barry Dick
Birney
Ross Munro
Black
David Gerard
Boechler
Paul Michael
Bohonos
Michael Robert
Boyd
William James
Braun
Lucille Lynn
Brown
Kerry W
Shelley Ann Marie
Buchanan
Brent Roy
Thomas William
Carbett
Beverly Jean
Carle
Barbara E
Grand Prairie
Cerkiewicz
Robert Arthur
Chan Wong
Chan
Evan K
Chant
Marianne E
Chippin
Arthur B. Calgary
Chmillar
Cheryl Dianne
Clanachan
Patricia J
Cook
Donald Wayne
Christine
Patrick Dillon
Lethbridge
Corkum
Hector Grant
Calgary Comet
Helen
Cotton
Carol Elaine
Craig
Brian Crawford
Daniel Andrew
Douglas
Victor Phillip
Red Deer
Doyle
William Albert
Dumont
Wayne Lawrence
Earle
Susan Calgary
Towards
Richard Walter
Eggen
Dave Martin
Ehresman
Kenneth C
Elias
John Wade
Edmonton Ell
Darcy Robert
Epp
Michael Henry
Faber
Horke
Paul
Hughes
Shelley Ann Norman
Hunke
Erwin A
Hunston
Jonathan Scott
Jack
Kenneth Norman
Keck
Michael Calvin
Medicine Hat
Keen
Robert C
Keith
Kevin Ronald
Kinnear
Valerie Ann
Klimek
Dwight Joseph
Knowlton
Nancy L
Kobley
Brenda Dunwald
Koshman
Brian Thomas
Kraft
Robert Ernest
Kratchmer
Keith Matthew
Kyle
Gordon A
Edmonton la Grave
Lionel Howard
Lamos
Elliot H
Lamb
Edward M
Lee
James Jin W
Vancouver
Leung
Dominic Yam-Yu
Lew
Robert
Larry Dean
Liu
Raymond Chi-Sing
Livingstone
Robert George
Norman
Alan John
Ollis
Gerald B. Edmonton
Parker
Caren L
Paulson
Ruth Arlene
Peard
Lois Mary
Perdue
Aaron Alexander
Perin
Diane Carol Anne
Peterson
Stuart W
Phillips
Donald Chester
Poon
John C
Prasse
Reta Merle
Probert
William Neil
Proudfoot
Darryl John
Rathwell
Ian James Douglas
Redinger
Murray Elmer
Reed
Douglas Frederick
Rice
Robert Edward
Ritchie
Mary Campbell
Robertson
Leslie Joan
Nina V.M.M
Brad
Thurn
Laurie Jean
Thygesen
Jan Christian
Turner
Glenna H
Uht
Cindy Jeanne
Ponoka van de Pol
John H
Wang
Albert Yuping
Warren
Peter George
Watson
Peter
Weitzel
H. Theodore
Welsh
Jim Cranbrook
Widgit
Gerald Augustine
Wilkins
James Michae
Williamson
Janet Marion
Wilson
Robert W
Wong
Betty A
James
Joseph W.L
Raymond Chi-Hung
Worman
Brent Douglas
Wright
Forrest James Randolph
Yee
Linda Wai-Ling
Young
Mo-Har Deborah
Zinkhofer
Wilhelm Michael
Zupet
Margo Zee
Institute OF Chartered Accountants OF Alberta
Empire Building
Jasper Avenue
Alberta
The
Downtown Business Association
Acme
DBA
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