Latest News
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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…
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Carney picks Swedish early-warning aircraft tech over U.S. bidders
Prime Minister Mark Carney said Canada has entered into negotiations to buy Swedish-made Saab early-warning aircraft technology, picking a non-U.S. supplier as he makes good on a promise to reduce spending on American military gear.…
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Bullish potential on Alimentation Couche-Tard
Alimentation Couche-Tard (ATD-T, Monday’s close $79.05) was in a major uptrend for more than four years, trading above a rising trendline (solid line) and its rising 40-week moving average (40wMA). We recommended the stock on…
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National Bank reports Q2 profit up from year ago, raises dividend
National Bank of Canada reported a second-quarter profit of $1.23 billion, up from $896 million a year ago, and raised its dividend. The Montreal-based bank says it will now pay a quarterly dividend of $1.32…
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Scotiabank tops second-quarter profit estimates, raises dividend
Bank of Nova Scotia BNS-T reported higher second-quarter profit that beat analysts’ estimates on a boost from its Canadian banking unit as the lender seeks to bolster its profitability. Scotiabank earned $2.6-billion, or $2.00 per share, in the…
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Bank of Montreal posts higher quarterly profit, hikes dividend
Bank of Montreal BMO-T Financial reported a jump in second-quarter profit on Wednesday, lifted by robust performance in its capital markets business. Profit was $2.63-billion or $3.53 per share in the three months ended April 30, compared…
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Micron hits $1 trillion market cap for the first time as stock surges 18%
Micron topped a $1 trillion market value for the first time on Tuesday as shares popped 18% on strong artificial intelligence demand for its memory chips. https://www.cnbc.com/2026/05/26/micron-stock-trillion-market-cap.html