
Nivedita Balu
Business Reporter at Reuters
Business reporter with @Reuters covering Canadian banks | Previously US tech, consumer & retail |*views are my own*| Say hi at nivedita dot balu at tr dot com
Articles
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1 week ago |
insurancejournal.com | Nivedita Balu
Canadian property and casualty insurer Definity Financial’s $2.4 billion purchase of Travelers Cos.’ Canadian business could spur a wave of consolidation in Canada’s insurance sector, its CEO said. The deal announced Tuesday will establish Definity as the fourth-largest property and casualty insurer in Canada and helped shares hit a record high on Wednesday.
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1 week ago |
reuters.com | Nivedita Balu
TORONTO, May 28 (Reuters) - Canadian property and casualty insurer Definity Financial's (DFY.TO), opens new tab $2.4 billion purchase of Travelers Cos' (TRV.N), opens new tab Canadian business could spur a wave of consolidation in Canada's insurance sector, its CEO said. The deal announced Tuesday will establish Definity as the fourth-largest property and casualty insurer in Canada and helped shares hit a record high on Wednesday. Sign up here.
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1 week ago |
marketscreener.com | Nivedita Balu |Ateev Bhandari
Published on 05/28/2025 at 06:11, updated on 05/28/2025 at 10:42 (Reuters) -Bank of Montreal on Wednesday beat analysts' profit estimates and showed signs of recovery at its struggling business in the United States, sending shares up 3.5% in Toronto.
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1 week ago |
marketscreener.com | Nivedita Balu |Jaiveer Shekhawat
Published on 05/27/2025 at 06:10, updated on 05/27/2025 at 10:32 (Reuters) -Bank of Nova Scotia on Tuesday missed quarterly earnings estimates, burdened by a larger than expected sum of money put aside to shield against bad loans in a challenging environment riddled with trade uncertainties.
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2 weeks ago |
ca.marketscreener.com | Nivedita Balu |Arasu Kannagi Basil
Published on 2025-05-22 at 08:12 (Reuters) - Canada's second largest lender TD Bank on Thursday reported better-than-expected quarterly earnings driven by growth at its capital markets business, as a volatile environment boosted trading activity. The lender also announced a restructuring program to save up to C$650 million annually, including layoffs of about 2% or some 2,000 of its employees, business wind-downs and exits.
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