On Friday, Signature Bank customers spooked by the sudden collapse of Silicon Valley Bank withdrew more than $10 billion in deposits, a board member told CNBC. That run on deposits […]
Author: Consultant
McCain Foods plans $600-million investment to double its operations in Alberta
The world’s leading French fry maker is making the largest investment in its history, with McCain Foods announcing plans on Monday for a $600-million expansion of its potato processing facility […]
Canadian bank stocks take hit after SVB collapse. There’s a good case to buy now
Large bank stocks declined further as the impact from the failure of California-based Silicon Valley Bank on Friday continued to ripple through financial markets, raising the question of whether Canada’s Big Six […]
SVB impact: Credit markets suddenly price in Bank of Canada rate cuts this year, bond yields plunge
Bond markets have made a dramatic reassessment of future rate moves by central banks in the wake of the Silicon Valley Bank failure and bailout- including that of the Bank […]
Enghouse Releases First Quarter Results
Enghouse Systems Limited (TSX: ENGH) today announced its first quarter unaudited financial results for the period ended January 31, 2023. All the financial information is in Canadian dollars unless otherwise indicated.Financial and […]
OSFI takes control of Silicon Valley Bank’s Canadian unit
Canada’s banking regulator took control of Silicon Valley Bank’s domestic operations on Sunday, as governments, along with tech sector CEOs, spent the weekend scrambling to limit the impact of a […]
Gold Futures Settle Higher As Dollar Turns Weak
Published: 3/9/2023 2:08 PM ETGold futures settled higher on Thursday, regaining ground after posting losses in the previous two sessions, as the dollar turned weak.The dollar, which surged higher following hawkish […]
Iran and Saudi Arabia signal the start of a new era, with China front and center
When Saudi Arabia and Iran buried the hatchet in Beijing on Friday, it was a game-changing moment both for a Middle East shaped by their decades-old rivalry, and for China’s growing influence in […]
CNBC’s Jim Cramer eviscerated for touting Silicon Valley Bank weeks before disastrous collapse
CNBC’s “Mad Money” host Jim Cramer is being shredded across social media after footage resurfaced of him urging viewers in February to invest in Silicon Valley Bank (SVB), which collapsed on Friday. SVB […]