Canada’s two largest banks are signalling that the cooling economy and spiking expenses threaten to weigh on their growth and trigger further job cuts.Royal Bank of Canada RY-T +1.96%increase is trimming jobs in […]
Author: Consultant
TD Bank Group Reports $2.96B Q3 Profit, Down From $3.21B Year Ago
TD Bank Group reported its third-quarter profit fell compared with a year ago as its provisions for credit losses rose.The bank says its net income totalled $2.96 billion or $1.57 […]
Fed’s Powell may open the door to another rate hike in Jackson Hole speech
All eyes will be on Federal Reserve Chair Jerome Powell when he delivers the keynote speech at the central bank’s summer symposium in Jackson Hole, Wyoming, on Friday.Just one year ago, when […]
RBC Reports $3.87B Q3 Profit, Up From $3.58B A Year Ago
Royal Bank of Canada says its third-quarter profit rose compared with a year ago, helped higher by strength in its personal and commercial banking and insurance operations.The bank says its […]
China’s deflation could spill over into a global concern, economists say
Beijing’s deteriorating economic fundamentals have become starkly apparent in recent months, with July’s data broadly missing expectations. China’s headline consumer price index fell 0.3% year-on-year in July to register deflation […]
TSX Ends On Firm Note; Technology, Materials Shares Rally
Published: 8/23/2023 5:49 PM ETThe Canadian market ended on a firm note on Wednesday, aided by strong gains in technology, materials, financials and real estate stocks.Several stocks from utilities, consumer discretionary and […]
Oil Prices Fall On Fuel Demand Concerns
Published: 8/23/2023 5:40 AM ETOil prices were moving lower on Wednesday as weak business activity reports from Asia and Europe stoked concerns over waning demand.The downside remained capped somewhat as bullish inventory data […]
Gold Edges Higher As Investors Await Powel’s Speech
Published: 8/23/2023 5:52 AM ETGold prices inched higher on Wednesday, the dollar traded mixed against rivals and bond yields retreated as traders looked ahead to the Jackson Hole symposium at the […]
Calendar: Aug 21 – Aug 25
Monday August 21, Germany producer prices (8:30 a.m. ET) Canada’s new housing price index for July. Estimate is an increase of 0.2 percent from June and down 0.6 percent year-over-year.Earnings […]