Money The Big Five banks’ CEO cycle is complete. Here’s how they performed

22:23  21 april  2017
22:23  21 april  2017 Source:   Canadian Business

Kendrick Lamar Heading for Third No. 1 Album on Billboard 200 With 'DAMN.'

  Kendrick Lamar Heading for Third No. 1 Album on Billboard 200 With 'DAMN.' Kendrick Lamar is on course to earn his third No. 1 album on the Billboard 200 chart next week with "DAMN." -- and with the second biggest debut of 2016.Kendrick Lamar is on course to earn his third No. 1 album on the Billboard 200 chart next week with DAMN. The new set - which was released on April 14 through Top Dawg/Aftermath/Interscope Records - could earn around 475,000 equivalent album units in the week ending April 20, according to industry forecasters.

We have encountered an error whilst processing your request. If the problem persists, please contact your account manager.

If you are the webmaster for this site, please contact your hosting provider' s support team for assistance.

(CP)© Used with permission of / © Rogers Media Inc. 2017. (CP)

And then there were none. Earlier this month, Bank of Montreal (BMO) top boss Bill Downe announced he would be stepping down at the end of October. His departure will mark the end of a CEO cycle for Canada’s Big Five banks.

Quotes in the article

Regal Beloit Corp


Tiger Woods has a 4th back surgery

  Tiger Woods has a 4th back surgery Two days after Tiger Woods said his back was progressing, he announces on his website he has had a fourth back surgery to alleviate pain. The surgery was performed at the Texas Back Institute.

The MoneyWeek website is currently down for maintenance. We expect it to be available again shortly. Sorry for the inconvenience.

If this problem persists please contact customer support.

Bank of Montreal


S&P/TSX Composite


S&P/TSX Venture Composite



Downe (March 2007–October 2017) was preceded out of the corner office by TD Bank’s Ed Clark (December 2002–October 2014), Canadian Imperial Bank of Commerce (CIBC) boss Gerry McCaughey (August 2005–September 2014), Royal Bank of Canada (RBC) CEO Gord Nixon (August 2001–July 2014), and Bank of Nova Scotia (Scotiabank) supremo Rick Waugh (December 2003–November 2013).

The chart below shows indexed month-end stock prices for each bank during their CEO’s tenure, as well as the performance of a benchmark, the S&P/TSX Composite Index Financials Sector Index GICS Level 1 (STFINL):

Flooding prompts evacuations in Quebec

  Flooding prompts evacuations in Quebec The town of Rigaud, Que., has declared a state of emergency and ordered the evacuation of some 150 homes in an area at risk of being flooded by both the Rigaud and Ottawa rivers. Officials say some 60 residences are already flooded and the 150 homes under the evacuation order are accessible by a single road, which it's feared could be submerged Thursday night.Rigaud Mayor Hans Gruenwald says if that route is flooded, the town near the Ontario border won't be able to provide services for residents in the event of an emergency.


SQLSTATE[08004] [1040] Too many connections. Here ' s how much Trump's plan for a bigger Navy will cost.

Indexed_Stock_Price-Big_Five_Banks-CEO_Tenure© Used with permission of / © Rogers Media Inc. 2017. Indexed_Stock_Price-Big_Five_Banks-CEO_Tenure

As the chart shows, all five men steered their companies through their biggest common test, the financial crisis, with little long-term damage to shareholders. (Downe’s performance benefits considerably from the bull market of the last two years).

Still, the banks diverged significantly in both strategy and performance over these CEO’s tenures. TD under Clark and BMO under Downe focused on expanding aggressively across the border, spending billions on acquisitions to take advantage of the U.S. recovery. Waugh’s Scotiabank looked further afield, building out its operations in South America and Asia. Nixon strengthened RBC’s hand in retail banking and wealth management, while McCaughey was forced to spend his first few years repairing CIBC’s reputation after the Enron scandal. The five banks’ differing strategies and circumstances produced divergent results.

Ontario’s measures to cool housing could be ‘positive’ for Canada’s banks

  Ontario’s measures to cool housing could be ‘positive’ for Canada’s banks If the measures defuse the risk of a U.S.-style housing crash that's good news for Canadian banks, analysts sayMeasures introduced Thursday by the Ontario government to cool the hot housing market – including a 15 per cent foreign buyers’ tax – are not expected to hurt the mortgage books of the country’s big banks.

This Account has been suspended.

Mules are one of the biggest footwear trends for Spring 2017. Here ' s how to get the look at any price point. How about a photo with five of them ! Here ' s how to win free Wendy's chicken nuggets for a year. A chicken nugget-obsessed teen is trying to make Twitter history.

The chart below shows the total return of the five companies stocks during the tenure of their CEOs, along with the corresponding figure for the STFINL during that time:

Total_Return-Big_Five_Banks-CEO_Tenure© Used with permission of / © Rogers Media Inc. 2017. Total_Return-Big_Five_Banks-CEO_Tenure

When it came to delivering shareholder value, Nixon and Clark were far out in front of the competition. And continuing a trend that began around the turn of the millennium, RBC, TD and Scotiabank emerged as the clear top three based on assets under management.

The challenges facing the five men’s successors, all chosen from within, include basement-dwelling interest rates, an ever-growing housing bubble, and the threat of disruption by financial technology upstarts. They’re currently facing scrutiny for their consumer lending business practices. And the competitive set has changed, with regional players in places like Alberta and Quebec expanding across provincial borders and some larger credit unions harbouring national ambitions.

Matching the success of their predecessors will be no easy task.

Predators beat Blackhawks 4-1 to complete sweep

  Predators beat Blackhawks 4-1 to complete sweep Predators beat Blackhawks 4-1 to complete sweepColton Sissons also scored and Viktor Arvidsson added an empty-net goal as Nashville completed the franchise's first playoff sweep. Led by Rinne and a terrific defensive performance by their lines and defensive pairings, the Predators limited the high-scoring Blackhawks to just three goals in 13 periods.

blog '' is not exists. MAP Big Sur Recreation epub pdf txt.

This website is temporarily unavailable, please try again later. IRWIN NIGHT RACE: Five big Sprint winners.


  • TD Bank CEO Bharat Masrani on the future of banking
  • HSBC Canada CEO Sandra Stuart on Canada’s global export opportunity
  • CIBC CEO Victor Dodig on banking’s tech revolution
  • Peter Aceto on why CEOs need to pull shifts in the call centre
  • How Louis Vachon and National Bank are beating the Big Five
  • How Canadian startups are changing the way we bank
  • Succession planning is even more important with billions at stake
  • How to take over gracefully after a legendary CEO departs
  • Hired-gun CEOs often stumble when founders just won’t let go

Canada takes home silver at World Mixed Doubles Curling Championship .
Canada takes home silver at World Mixed Doubles Curling Championship .Canada’s Joanne Courtney and Reid Carruthers gave up an early lead to fall to Switzerland’s Martin Rios and Jenny Perret 6-5 on Saturday afternoon to settle for silver at the world mixe .The Canadians held a 5-2 lead through seven ends but a miss from Courtney on her final shot of the game opened the door for the Swiss to claim their leading sixth gold medal in the 10-year history of the event as Perret drew for four.


—   Share news in the SOC. Networks

Topical videos:

This is interesting!