Latest News
-
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…
-
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,…
-
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…
-
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…
-
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…
-
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…
-
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.…
-
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…
-
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…