Canada’s biggest banks report their first-quarter earnings this week, covering the three months that ended Jan. 31, as experts cite concerns with commercial real estate loans and warn of significant […]
Author: Consultant
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Baytex: Q4 Earnings Snapshot
Baytex Energy Corp. (BTE) on Wednesday reported a fourth-quarter loss of $459.7 million, after reporting a profit in the same period a year earlier. The Calgary, Alberta-based company said it […]
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MDA reports fourth-quarter profit and revenue up from year ago
MDA Ltd. MDA-T +2.06%increase reported a fourth-quarter profit of $13.5-million, up from $8.8-million a year earlier, as its revenue rose 10 per cent. The robotics and space technology firm says the profit amounted […]
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U.S. consumer spending fuels strong fourth-quarter GDP growth
The U.S. economy grew at a solid clip in the fourth quarter amid robust consumer spending, the government confirmed on Wednesday, which bodes well for the outlook this year despite […]
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National Bank reports higher first-quarter earnings, beats estimates
National Bank of CanadaNA-T +3.41%increase reported higher first-quarter profit that beat analysts’ estimates as a revenue boost in Canadian banking and capital markets offset higher reserves for loans that could default. National […]
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Royal Bank of Canada’s first-quarter profit beats estimates
Royal Bank of CanadaRY-T +0.53%increase reported first quarter profit that beat analysts’ estimates even as the lender set aside more loan loss reserves driven by rising risk in real estate. Canadian banks […]
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Bank of Montreal profit misses forecasts on higher loan-loss reserves, weaker capital markets
Bank of Montreal’s BMO-T -1.02%decrease first quarter profit missed analysts’ estimates on a slump in capital markets profit and an uptick in reserves for loans that could default. Adjusted to exclude certain items, […]
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Scotiabank’s first-quarter profit hits $2.2-billion even as loan-loss provisions rise
Bank of Nova Scotia BNS-T -0.61%decrease booked higher reserves for loans that could default even as a rise in first quarter profit beat analyst estimates. Scotiabank earned $2.2-billion, or $1.68 per share, in […]
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Nutrien sees potash demand recovering on lower prices
Fertilizer giant Nutrien Ltd. says it sees promising signs of increased demand for potash in the year ahead. The Saskatoon-based company says it expects full-year potash shipments of between 68 […]