EEconomic Calendar: Aug 29 – Sept 2(1030 am ET) Dallas Fed Manufacturing Activity—Tuesday, August 30Euro area economic and consumer confidence. Germany consumer price index for August.(830 am ET) Canada current […]
Author: Consultant
Fed’s Powell pledges to combat inflation ‘forcefully,’ but warns of economic pain ahead
Fed’s Powell pledges to combat inflation ‘forcefully,’ but warns of economic pain aheadFederal Reserve Chairman Jerome Powell on Friday delivered a stark message on the state of the U.S. economy […]
Dow drops 400 points after Powell reiterates Fed will continue to raise rates to fight inflation
Dow drops 400 points after Powell reiterates Fed will continue to raise rates to fight inflationStocks fell sharply Friday after Federal Reserve Chair Jerome Powell said he will continue to […]
CIBC Reports $1.67B Q3 Profit, Down From $1.73B A Year Ago
CIBC Reports $1.67B Q3 Profit, Down From $1.73B A Year AgoThe Canadian Press – Canadian Press – Thu Aug 25, 5:18AM CDTTORONTO — CIBC says it earned $1.67 billion in its third quarter, […]
Higher interest rates boost lending margins at TD and CIBC
Higher interest rates boost lending margins at TD and CIBCTwo of Canada’s largest banks are reaping rewards from higher interest rates as profit margins on loans increased in their fiscal […]
TD Bank tops quarterly profit forecasts despite rising costs, higher loan-loss provisions
TD Bank tops quarterly profit forecastsToronto Dominion Bank TD-T +0.74%increase reported lower third-quarter earnings as costs rose faster than revenue and the bank set aside more loan loss provisions, but is starting to […]
Gold range-bound as investors wait for Fed chair’s speech
Gold range-bound as investors wait for Fed chair’s speechGold traded in a narrow range on Wednesday as investors awaited more insight into the outlook for interest rates from U.S. Federal […]
National Bank reports third-quarter profit down from year ago
National Bank reports third-quarter profit down from year agoNational Bank of Canada NA-T -0.74%decrease reported its third-quarter profit fell compared with a year ago as it was hit by higher provisions for credit […]
Brent oil climbs above $100 a barrel amid talk about OPEC output cuts
Brent oil climbs above $100 a barrel amid talk about OPEC output cutsBenchmark Brent oil climbed above $100 a barrel on Wednesday after Saudi Arabia suggested this week that OPEC […]