Latest News
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May 29: Why Has ATD.TO Underperformed TTCS and the TSX Over the Past 5 Days?
Executive Summary Key Reasons 1. Fuel Volumes Remain a Concern ATD’s earnings have recently been affected by lower fuel demand and weaker traffic volumes. U.S. same-store fuel volumes declined, reflecting reduced travel activity and cautious…
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May 29: Canadian Stocks Advance Amid Expectations Of U.S.-Iran Deal
Canadian stocks edged higher on Friday as investors welcomed the developments in U.S.-Iran negotiations to end the war. However, today’s economic data release, technically indicating the economy is in recession, held traders back from big moves which…
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Canada’s economy technical Recession!
Elbows UP? More like pants down! Compared to Other G7 countries: Canada ranks as one of the smaller G7 economies by total GDP but performs solidly in several areas, though it lags in per capita…
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Canadian economy shrank marginally in first quarter
Statistics Canada says economic growth stalled in the first quarter and real gross domestic product was slightly negative on an annualized basis. Real GDP has now declined for two consecutive quarters – meeting the definition…
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RBC, CIBC, TD Bank, BMO, National Bank and Scotiabank: A breakdown of the big banks’ second-quarter earnings
Executive Summary All six major Canadian banks (RBC, TD, Scotiabank, BMO, CIBC, National Bank) reported Q2 2026 earnings that beat analyst expectations with year-over-year profit growth. Key drivers: strong Canadian retail/commercial banking, capital markets performance,…
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CPKC track signal workers’ union issues strike notice
The union that represents track signal workers at Canadian Pacific Kansas City Ltd. CP-T -2.17%decrease has issued a 72-hour strike notice, the Calgary-based railway said on Wednesday night. Contract negotiations with the International Brotherhood of Electrical Workers will…
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CIBC tops profit estimates, strikes deal to sell Caribbean division
Canadian Imperial Bank of Commerce CM-T -1.91%decrease reported a 23-per-cent increase in fiscal second-quarter profit that beat analysts’ estimates, and announced a deal to sell its Caribbean division for US$1.6-billion. Profits were up across each of the bank’s…
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TD reports higher profit on Canadian banking and capital markets strength, raises dividend
Toronto-Dominion Bank TD-T -0.31%decrease posted earnings that topped analysts’ expectations on higher profit from its Canadian banking and capital markets units as the lender set aside fewer provisions for sour loans. The bank said it earned $2.38 a…
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RBC beats profit expectations, raises dividend and plans to buy back shares
Royal Bank of Canada RY-T +0.02%increase posted higher second-quarter profit that beat analysts’ estimates, boosted by a surge in capital markets earnings and lower provisions for sour loans. RBC’s profit climbed 25 per cent to $5.5-billion, or $3.85…