Author: Consultant

RBC profit misses forecasts, challenging economic outlook prompts loan-loss provisionsRoyal Bank of Canada’s third-quarter profit fell 17 per cent as the bank earmarked provisions against possible loan defaults, adopting a […]

Scotiabank earnings miss expectations on higher interest ratesBank of Nova Scotia BNS-T -5.25%decrease fell short of expectations for its third-quarter earnings as mounting economic uncertainty put pressure on key parts of its business, […]

Dow slumps 600 points Monday to wrap worst day since June as summer rally fadeshttps://www.cnbc.com/2022/08/21/stock-market-futures-open-to-close-news.html

Bank earnings are coming. Here’s what to expectAs investors try to gauge the extent of the economic slowdown, a big clue is set to arrive next week when Canada’s biggest […]

Canadian auto parts stocks a cheap play on improving global supply chainYou generally want to steer clear of the auto sector when recessionary forces are approaching. This may be the […]

Economic Calendar: Aug 22 – Aug 26Monday August 22(8:30 a.m. ET) Canada’s new housing price index for July. Analyst estimate is flat from June and up 7.4 per cent year-over-year.(8:30 […]

Wayfair to cut 870 jobs, shares down 17%Online furniture retailer Wayfair Inc said on Friday it would cut about 870 jobs, or 5% of its global workforce, as it looks […]

At midday: TSX falls amid global risk-off sentimentCanada’s main stock index fell on Friday as worries about an aggressive policy stance by major central banks hurt risk appetite even as […]

Enbridge to assume operation of Gray Oak oil pipeline in TexasEnbridge Inc. says it has completed a deal that will see the Calgary-based pipeline giant become operator of the Gray […]