Latest News
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Canada’s first quarter GDP expands by 2.2% annualized rate, beating estimates
Canada’s economy in the first quarter grew faster than expected, data showed on Friday, primarily driven by exports as companies in the United States rushed to stockpile before tariffs by […] This post is only…
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RBC misses profit expectations in second quarter, braces for potential loan defaults
Royal Bank of Canada RY-T -3.47%decrease reported higher second-quarter profit that missed analysts’ estimates as the lender sets aside more money for potential loan defaults with trade concerns dragging on consumers and businesses. […] This post is only…
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CIBC profit tops estimates on better-than-expected provisions for bad loans
Canadian Imperial Bank of Commerce CM-T -0.30%decrease reported higher second-quarter profit that beat analysts’ estimates as the lender set aside lower-than-expected provisions for loans that could default and stronger activity in capital markets. […] This post is only…
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OPEC+ discusses 2027 baselines, may agree to July output hike this week, sources say
OPEC+ is discussing a mechanism for setting baselines for its 2027 production at a meeting on Wednesday, delegates said, while separate talks due on Saturday could agree a further accelerated oil […] This post is only…
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National Bank reports higher than expected quarterly profit, ramps up loan loss provisions
National Bank of Canada NA-T +3.45%increase reported second-quarter profit that beat analysts’ estimates on a boost from capital markets even as the lender ramps up provisions for bad loans. National’s net income decreased […] This post is only…
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Bank of Montreal beats estimates with higher quarterly profit, boosts dividend
Bank of Montreal BMO-T +2.06%increase reported higher second-quarter profit that beat analysts’ estimates even as the lender set aside more money for loans that could default as tariff tensions weigh on Canadian consumers […] This post is only…
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‘Buckle up, this ride’s far from over’: Trump’s EU tariffs delay is no guarantee trade tensions won’t escalate, market watchers say
U.S. President Donald Trump called last week for a 50% tariff on EU goods to begin on June 1, but has since delayed the roll out of the duties to […] This post is only…
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Calendar: May 26 – May 30
Monday May 26 U.S. markets closed (Memorial Day) (8:30 a.m. ET) Canadian construction investment for March. (8:30 a.m. ET) Canadian manufacturing sales for March. – Tuesday May 27 China industrial […] This post is only…
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Scotiabank profit misses expectations as trade uncertainty boosts loan loss provisions
Bank of Nova Scotia BNS-T +0.07%increase reported lower second-quarter profit that missed analysts’ estimates as the lender set aside more provisions for loan defaults as the U.S. trade war puts pressure on consumers […] This post is only…