Christine Dobby

Toronto

Canadian finance reporter @BloombergCA, previously @TorontoStar @globebusiness, reformed lawyer, DM for Signal/WhatsApp/cell, she/her, views my own

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Articles

National Bank hikes dividend as capital markets soar to record

1 week ago | financialpost.com | Christine Dobby

Article contentNational Bank of Canada beat estimates on record results in its capital-markets division, which got a boost from another quarter of elevated trading activity, even as it set aside more money than expected for possibly sour loans. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team.
National Bank Beats Estimates as Capital Markets Hit Record

1 week ago | bloomberg.com | Christine Dobby

A National Bank of Canada building in the financial district of Toronto, Ontario, Canada, on Thursday, April 24, 2025. As President Donald Trump's trade war continues, Canadian equities are poised to outperform their US counterparts, portfolio managers argue.
BMO Beats Estimates on Loan Income Even as Provisions Climb

1 week ago | bloomberg.com | Christine Dobby

A Bank of Montreal building in Toronto, Ontario. (Bloomberg) -- Bank of Montreal topped estimates as net interest income came in higher than expected even as the company set aside more money to cover loans that are still in good standing, highlighting growing concern about the fate of the North American economy.
Scotiabank misses on higher loan provisions as tariffs bite

1 week ago | americanbanker.com | Christine Dobby

Bank of Nova Scotia missed estimates after setting aside more money than expected for bad credit as tariffs hit its Canadian and Mexican operations. The Toronto-based lender earned C$1.52 per share on an adjusted basis in its fiscal second quarter, according to a statement Tuesday, falling short of the C$1.56 average estimate of analysts in a Bloomberg survey.
Scotiabank Misses on Higher Credit Provisions as Tariffs Bite

1 week ago | financialpost.com | Christine Dobby

Article content(Bloomberg) — Bank of Nova Scotia missed estimates after setting aside more money than expected for bad credit as tariffs hit its Canadian and Mexican operations. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team.
Scotiabank Misses on Higher Loan Provisions as Tariffs Bite

1 week ago | bloomberg.com | Christine Dobby

A Scotiabank branch in Toronto. Photographer: Galit Rodan/Bloomberg(Bloomberg) -- Bank of Nova Scotia missed estimates after setting aside more money than expected for bad credit as tariffs hit its Canadian and Mexican operations. The Toronto-based lender earned C$1.52 per share on an adjusted basis in its fiscal second quarter, according to a statement Tuesday, falling short of the C$1.56 average estimate of analysts in a Bloomberg survey.
TD Bank Shows Canada’s Banks Are Getting Ready for Economic Trouble, Recession

2 weeks ago | bloomberg.com | Christine Dobby

Welcome to Bay Street Edition, our weekly newsletter devoted to what’s happening in Canadian finance, covering strategy, deals, people moves and economics. I’m Christine Dobby, Bloomberg’s Toronto-based banking reporter, and you’ll find me in your inbox every Friday. This week, we’re talking about TD’s earnings report and what it says about other banks’ results next week, sticky inflation and where CPPIB is investing all its money (hint: it’s not at home).
TD Plans to Cut About 2% of Workforce Amid Restructuring (2)

2 weeks ago | news.bloomberglaw.com | Christine Dobby

Lender beat estimates on lower-than-forecast credit provisionsTD will reveal new strategy at investor day on Sept. 29Toronto-Dominion Bank rose after reporting earnings that topped estimates and unveiling a restructuring plan to curb costs that included workforce reductions. The bank will cut about 2% of its workforce, or roughly 2,000 jobs, as part of the program it started in the second quarter.
TD Plans to Cut About 2% of Workforce Amid Restructuring (1)

2 weeks ago | news.bloombergtax.com | Christine Dobby

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TD Plans to Cut About 2% of Workforce Amid Restructuring

2 weeks ago | bloomberg.com | Christine Dobby

The Toronto-Dominion (TD) bank headquarters in the financial district of Toronto, Ontario, Canada, on Thursday, April 24, 2025. As President Donald Trump's trade war continues, Canadian equities are poised to outperform their US counterparts, portfolio managers argue. (Bloomberg) -- Toronto-Dominion Bank rose after reporting earnings that topped estimates and unveiling a restructuring plan to curb costs that included workforce reductions.