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 […]
Author: Consultant
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 […]
Bank of Montreal warns of loss provision pressures after quarterly profit miss
Bank of Montreal BMO-T -5.71%decrease on Tuesday warned it would need to continue to set aside money for loans that are unlikely to be repaid, after the Canadian lender reported lower-than-expected profit for […]
Canada imposes a 100% tariff on imports of Chinese-made electric vehicles, matching the U.S.
Canada’s government on Monday announced it is imposing a 100% tariff on imports of Chinese-made electric vehicles that matches U.S. tariffs and follows similar plans announced by the European Commission.The announcement followed […]
Calendar: Aug 26 – Aug 30
Monday August 26U.K. markets closedGermany business sentiment(8:30 a.m. ET) U.S. durable and core orders for July. The Street is projecting month-over-month increases of 4.2 per cent and 0.1 per cent, […]
Union issues new strike threats as railways await word on arbitration
Canada’s unionized railway workers on Friday urged the federal labour tribunal to back their right to strike, adding more risk that Canadian Pacific Kansas City Ltd. and Canadian National Railway […]
Canada moves to end rail shutdown quickly; CN workers to return to work Friday
Workers at Canadian National Railway will begin returning to work on Friday, the Teamsters union said, hours after the Canadian government moved to end an unprecedented rail stoppage.The union said the work […]
Railways say lockouts ending after federal government orders binding arbitration
The federal government has moved to end the railway stoppage, sending the labour dispute to the Canada Industrial Relations Board for final arbitration, but it’s still not clear how soon service […]
Air Canada pilots overwhelmingly vote to approve strike mandate
Air Canada AC-T -0.90%decrease pilots say they have voted overwhelmingly to approve a strike mandate, putting them in a position to walk off the job as early as Sept. 17.The Air Line Pilots […]