U.S. employment increased less than expected in August, but a drop in the jobless rate to 4.2 per cent suggested an orderly labour market slowdown continued and probably did not […]
Author: Consultant
Canada’s unemployment rate rises to 6.6% in August amid challenging summer job market
Canada’s unemployment rate continued to trend higher in August – reaching 6.6 per cent – as the job market slowdown hits workers and job seekers unevenly.Statistics Canada’s labour force survey […]
Bank of Canada cuts key interest rate to 4.25%, says economic growth needs to pick up
The Bank of Canada lowered its benchmark interest rate for a third consecutive time on Wednesday and reiterated that economic growth needs to pick up so that inflation doesn’t fall too much, […]
Sept 3: Major indexes drop on September worries, upcoming data
U.S. and Canadian stocks slumped on Tuesday, at the start of one of the market’s historically worst months, ahead of data likely to influence how much the Federal Reserve will […]
Canada’s economy grew at 2.1% annual pace in second quarter despite drop in household spending
The economy grew at an annualized rate of 2.1 per cent in the second quarter – beating the Bank of Canada’s forecast – but continued to shrink on a per-person […]
CIBC’s third-quarter profit rises on lower loan loss provisions
Canadian Imperial Bank of Commerce CM-T -0.84%decrease reported a rise in third-quarter profit on Thursday, as the lender set aside smaller funds to cover potential loan losses.Provision for credit losses was $483-million […]
National Bank reports $1.03B Q3 profit, up from $830M a year ago
National Bank of Canada reported a third-quarter profit of $1.03 billion, up from $830 million a year ago, helped by strength across its operations.The Montreal-based bank says its net income […]
RBC tops quarterly profit estimates on smaller bad loan provisions
Royal Bank of Canada RY-T +0.34%increase on Wednesday beat analysts’ quarterly profit estimates as it set aside a smaller than expected sum to protect against bad loan losses and wrapped in HSBC’s domestic […]
Scotiabank reports drop in third-quarter profit, boosts loan-loss provisions
Bank of Nova Scotia reported lower fiscal third-quarter profit as it set aside more money to cover future losses on loans, with customers in Canada and Latin America feeling the strain […]