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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 […] This post is only…
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 […] This post is only…
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…
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 […] This post is only…
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…
‘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…
Calendar: May 26 – May 30
Monday May 26U.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 27China industrial profitsEuro zone economic and consumer confidence(8:30 […] This post is only…
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…
U.S. Leading Economic Index Slumps More Than Expected In April
The Conference Board released a report on Monday showing its reading on leading U.S. economic indicators slumped by more than expected in the month of April.The report said the leading […] This post is only…