Latest News
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Loblaw reports Q4 profit and revenue up
Loblaw Cos. Ltd. reported its fourth-quarter profit and revenue rose compared with a year earlier. The parent company of Loblaws and Shoppers Drug Mart says it earned a profit available to common shareholders of $656…
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National Bank reports $1.25B Q1 profit, up from $997M a year earlier
National Bank of Canada reported a first-quarter profit of $1.25 billion, up from $997 million a year earlier, helped by its acquisition of Canadian Western Bank. The bank says the profit amounted to $3.08 per…
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BMO Financial Group reports $2.49B Q1 profit, up from $2.14B a year earlier
BMO Financial Group reported a first-quarter profit of $2.49 billion, up from $2.14 billion a year earlier. The bank says its profit amounted to $3.39 per diluted share for the quarter ended Jan. 31, up…
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Scotiabank reports $2.3B Q1 profit, up from $993M a year earlier
The Bank of Nova Scotia reported $2.30 billion in first-quarter net income, up from $993 million a year earlier. The bank says the profit amounted to $1.73 per diluted share for the quarter ended Jan.…
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IBM is the latest AI casualty. Shares are tanking 11% on Anthropic programming language threat
International Business Machines stock is getting slammed, becoming the latest victim of rapidly developing AI technology, after Anthropic’s Claude announced COBOL capabilities. Shares of IBM fell 11% in Monday afternoon trading after Anthropic outlined a new…
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OPINION: Big banks set to post higher profits as lenders continue to shrug off trade war concerns
Canada’s biggest banks are set to post higher profits as elevated trading activity boosted by volatile equity markets is expected to curb the impact of softening loan demand from consumers and businesses. Analysts broadly expect…
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Loblaw to spend $2.4-billion in 2026 building new stores, renovating others
Loblaw Cos. Ltd. L-T +2.14%increase says it plans to spend $2.4-billion to expand and renovate its store network and supply chain capabilities this year as it looks to open 70 new stores. The grocery and drugstore retailer says…
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Feb 23/26: The most oversold and overbought stocks on the TSX
The S&P/TSX Composite climbed 2.3 per cnet for the trading week ending with Friday’s close and stands 6.9 per cent higher for 2026 including dividends. The benchmark’s Relative Strength Index (RSI) of 63 leaves it in the…
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Globe & Mail: What to watch for in Canadian GDP
BANK WEEK: The Big Five Canadian banks are set to report this week with Scotiabank BNS-T -1.63%decrease first out of the gates Tuesday, BMO BMO-T -2.71%decrease and National Bank NA-T -0.04%decrease Wednesday, and RBC RY-T -1.47%decrease, CIBC CM-T -1.06%decrease and TD TD-T -1.61%decrease Bank reporting on Thursday. The earnings come as the…