Latest News
Canada’s economy grew at 2.1% annual pace in second quarter despite drop in household spending
The economy grew at an annualized rate of 2.1 per cent in the second quarter – beating the Bank of Canada’s forecast – but continued to shrink on a per-person […] This post is only…
CIBC’s third-quarter profit rises on lower loan loss provisions
Canadian Imperial Bank of Commerce CM-T -0.84%decrease reported a rise in third-quarter profit on Thursday, as the lender set aside smaller funds to cover potential loan losses.Provision for credit losses was $483-million […] This post is only…
National Bank reports $1.03B Q3 profit, up from $830M a year ago
National Bank of Canada reported a third-quarter profit of $1.03 billion, up from $830 million a year ago, helped by strength across its operations.The Montreal-based bank says its net income […] This post is only…
RBC tops quarterly profit estimates on smaller bad loan provisions
Royal Bank of Canada RY-T +0.34%increase on Wednesday beat analysts’ quarterly profit estimates as it set aside a smaller than expected sum to protect against bad loan losses and wrapped in HSBC’s domestic […] This post is only…
Scotiabank reports drop in third-quarter profit, boosts loan-loss provisions
Bank of Nova Scotia reported lower fiscal third-quarter profit as it set aside more money to cover future losses on loans, with customers in Canada and Latin America feeling the strain […] This post is only…
Bank of Montreal warns of loss provision pressures after quarterly profit miss
Bank of Montreal BMO-T -5.71%decrease on Tuesday warned it would need to continue to set aside money for loans that are unlikely to be repaid, after the Canadian lender reported lower-than-expected profit for […] This post is only…
Canada imposes a 100% tariff on imports of Chinese-made electric vehicles, matching the U.S.
Canada’s government on Monday announced it is imposing a 100% tariff on imports of Chinese-made electric vehicles that matches U.S. tariffs and follows similar plans announced by the European Commission.The announcement followed […] This post is only…
Calendar: Aug 26 – Aug 30
Monday August 26U.K. markets closedGermany business sentiment(8:30 a.m. ET) U.S. durable and core orders for July. The Street is projecting month-over-month increases of 4.2 per cent and 0.1 per cent, […] This post is only…
Union issues new strike threats as railways await word on arbitration
Canada’s unionized railway workers on Friday urged the federal labour tribunal to back their right to strike, adding more risk that Canadian Pacific Kansas City Ltd. and Canadian National Railway […] This post is only…