Latest News
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Oil prices on track to decline for second week ahead of expected OPEC+ production increase
Oil prices were steady on Friday and headed for a second consecutive weekly loss, as investors weigh a potentially larger OPEC+ output hike for July, and uncertainty spreads around U.S. tariff policy after the latest courtroom…
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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 President Donald Trump. But an…
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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. RBC earned $4.39-billion, or $3.02…
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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. CIBC earned $2-billion, or $2.04…
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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 output hike for July. The group,…
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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 by 1 per cent to…
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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 and businesses. BMO earned $1.96-billion,…
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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
https://www.cnbc.com/2025/05/26/trump-delays-eu-tariffs-but-more-volatility-could-be-on-the-way.html
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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 profits Euro zone economic and…