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Laurentian Bank raises quarterly dividend, reports second-quarter profit down from year ago
Laurentian Bank of Canada LB-T -0.10%decrease raised its quarterly dividend as it reported a second-quarter profit of $49.3-million, down from $59.5-million a year ago.The Montreal-based bank says it will now pay a quarterly […] This post is only…
National Bank profit slides as economic gloom weighs on second-quarter earnings
National Bank of Canada posted a drop in profit on higher costs and rising reserves for potentially sour loans as the threat of a recession drags on results across the […] This post is only…
2023 Atlantic hurricane season guide: Here’s what to know about this year’s storms
An average hurricane season produces 14 named storms and seven hurricanes. Out of the hurricanes, three usually strengthen into major storms with winds of at least 115 mph. The season’s […] This post is only…
May 31 – The close: Stocks fall as labour, GDP data spur rate hike jitters before debt ceiling vote
North American stocks fell on Wednesday as a deal to raise the federal debt ceiling headed toward a crucial vote in Congress, while unexpectedly strong reports on the U.S. labour […] This post is only…
Debt ceiling bill passes in the House, advances to the Senate days ahead of default deadline
The House passed the debt ceiling bill Wednesday night, days before the U.S. is projected to run out of money to pay its bills. The Fiscal Responsibility Act is the […] This post is only…
Debt ceiling bill clears key hurdle in the House, teeing up final vote
The compromise bill to raise the debt ceiling passed its first major test in the 13-member House Rules Committee. A key Republican swing vote, Rep. Tom Massie, supported the bill, […] This post is only…
May 30 The close: TSX hits two-month low as energy leads broad-based selloff
Canada’s main stock index slid on Tuesday to its lowest closing level in two months, with the energy sector among the biggest decliners in a broad-based slide as oil prices […] This post is only…
May 30: TSX Sheds 1.1% As Stocks Fall On Growth Concerns
The Canadian market ended notably lower on Tuesday due to widespread selling amid concerns about economic slowdown.Investors also weighed the prospects of the debt ceiling deal getting the nod from […] This post is only…
What have OPEC+ producers said ahead of June’s oil policy meeting?
Mixed signals by major OPEC producers and their main allies have sparked volatility in oil prices ahead of an OPEC+ oil policy meeting set to take place this weekend.Brent crude […] This post is only…