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The case for Canada: A BlackRock senior strategist on energy, banks, bonds and why our market rules in 2022
The case for Canada: A BlackRock senior strategist on energy, banks, bonds and why our market rules in 2022This remarkably bad year for investing still has almost six months to […] This post is only…
Bank of America revenue tops expectations as lender benefits from higher interest rates
Bank of America revenue tops expectations as lender benefits from higher interest ratesBank of America earnings dropped 32% to $6.25 billion, or 73 cents a share, from a year earlier […] This post is only…
Goldman Sachs crushes analysts’ expectations on strong bond trading results, shares rise 3%
Goldman Sachs crushes analysts’ expectations on strong bond trading results, shares rise 3%Second-quarter profit fell 48% to $2.79 billion, or $7.73 a share, driven by industrywide declines in investment banking […] This post is only…
Before the Bell: July 18
Before the Bell: July 18EquitiesWall Street futures gained early Monday on easing concerns about aggressive rate hikes from the Federal Reserve as traders weigh more earnings from U.S. banks. Key […] This post is only…
BMO expects big bounce-back in TSX stocks.
BMO expects big bounce-back in TSX stocks. The S&P/TSX Composite Index is trading at recessionary valuation levels and that, combined with the extreme breadth of weakness and the dramatic underperformance […] This post is only…
Canadian home prices spiral down in June
Canadian home prices spiral down in JuneCanada’s housing market slowed for the third straight month in June, with home prices cratering – the largest monthly decline on record – as […] This post is only…
Economic Calendar (July 18 – July 22)
Economic Calendar (July 18 – July 22)Monday July 18(815 am ET) Canada housing starts for June. Consensus is a fall of 4.1% to an annualized rate of 275,600.(10 am ET) […] This post is only…
Citigroup’s quarterly profit tops expectations on trading boom
Citigroup’s quarterly profit tops expectations on trading boomCitigroup Inc C-N +10.17%increase posted a smaller-than-expected 27 per cent drop in quarterly profit on Friday as the third-largest U.S. bank’s trading desk cashed in on […] This post is only…
Retail sales rose more than expected in June as consumers remain resilient despite inflation
Retail sales rose more than expected in June as consumers remain resilient despite inflationRetail sales rose 1% in June, slightly better than the 0.9% estimate.The numbers are not adjusted for […] This post is only…