U.S. crude oil inventories rose for the 10th week in a row, surging to their most since May 2021, but record U.S. exports of crude oil kept the build smaller […]
Author: Consultant
Canadian home prices to drop 12% in 2023, but still remain unaffordable for many: poll
The drop in home prices in Canada this year will be steeper than forecast three months ago but mild compared with a historic run-up during the COVID-19 pandemic, leaving many […]
RBC beats analysts’ forecasts despite drop in first-quarter profit
Royal Bank of Canada RY-T -3.55%decrease posted a drop in first-quarter profit as it set aside more loan-loss reserves amid deteriorating economic conditions, but it outperformed analyst expectations as higher interest rates boosted […]
TD Bank’s $13.4-billion U.S. acquisition dealt heavy blow after First Horizon warns of regulatory issues
TD-T -0.21%decrease prospects of closing a major acquisition in the United States took a hit Wednesday after its merger partner, FHN-N -10.62%decrease, disclosed that the deal is struggling to receive regulatory blessings in a […]
National Bank of Canada declares CAD 0.97 dividend
National Bank of Canada (TSX:NA:CA) declares CAD 0.97/share quarterly dividend, in line with previous. Forward yield 2.84% Payable May 1; for shareholders of record March 27; ex-div March 24. See NA:CA Dividend […]
RBC fiscal Q1 earnings drive higher on P&C banking, wealth management
Royal Bank of Canada’s (NYSE:RY) fiscal Q1 earnings beat the average analyst estimate, increasing from the prior and year-ago quarters, driven by strong results in its Personal & Commercial Banking […]
Toronto-Dominion Bank FQ1 expected to benefit from segment earnings
The Toronto-Dominion Bank (NYSE:TD) FQ1 results are expected to benefit from segment earnings, which were strong across most Canadian banks.TD Bank is scheduled to announce FQ1 earnings results on Thursday, […]
Bank of Nova Scotia Non-GAAP EPS of C$1.85 misses by C$0.17, revenue of C$7.98B misses by C$280M
Bank of Nova Scotia press release (NYSE:BNS): Q1 Non-GAAP EPS of C$1.85 misses by C$0.17. Revenue of C$7.98B (-0.9% Y/Y) misses by C$280M. Return on equity of 13.4%, compared to 15.9% The provision for […]
Bank of Montreal fiscal Q1 earnings beat, with lift from personal, commercial units
Bank of Montreal (NYSE:BMO) on Tuesday turned in better-than-expected adjusted EPS for the quarter ended Jan. 31, 2023, as revenue climbed both on Q/Q and Y/Y, helped by its Canadian […]