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Fed Chair Jerome Powell Calls Rate Cut Speculation ‘Premature’
While forecasts suggest the U.S. central bank could start cutting interest rates as soon as March, Federal Reserve Chair Jerome Powell called such speculation “premature” during remarks at Spelman College […] This post is only…
Calendar: Dec 4 – Dec 8
Monday December 4Germany trade surplus(10 a.m. ET) U.S. factory orders for October. The Street is projecting a decline of 2.7 per cent from September.Earnings include: Nio Inc.—Tuesday December 5Japan, China […] This post is only…
Big Six banks boosted year-end bonus payments across the board
Half of Canada’s six biggest banks reported higher profits for their 2023 fiscal year and half saw profits sink, but year-end bonus payments were consistent: They were boosted across the board.While the […] This post is only…
Dec 1 , 2023: ‘Struggling to grow’: Canada’s economy shrinks in third quarter amid higher interest rates
In a sharp contrast to the robust growth in the United States, the Canadian economy tumbled over the summer as export shipments waned and consumer spending flattened, signs of a continuing malaise […] This post is only…
CIBC reports Q4 profit up from year ago, raises quarterly dividend
CIBC reported its fourth-quarter profit rose compared with a year ago and raised its dividend.The bank says it will now pay a quarterly dividend of 90 cents per share, up […] This post is only…
RBC reports $4.13B Q4 profit, up from $3.88B a year ago, and raises dividend
Royal Bank of Canada reported a fourth-quarter profit of $4.13 billion, up from $3.88 billion a year earlier, and raised its dividend.The bank says it will now pay a quarterly […] This post is only…
TD Bank reports Q4 profit down from year ago, raises quarterly dividend
TD Bank Group reported its fourth-quarter profit fell compared with a year ago, but raised its dividend.The bank says it will now pay a quarterly dividend of $1.02 per share, […] This post is only…
Scotiabank reports Q4 profit down from year ago, provision for credit losses up
Tue Nov 28, 5:37AM CSTTORONTO — Scotiabank reported its fourth-quarter profit fell compared with a year ago as the amount it set aside to cover bad loans more than doubled.The […] This post is only…
Americans are set to spend a record $12 billion online shopping today
Updated 1:25 PM EST, Mon November 27, 2023New YorkCNN — Enticed by deep discounts, Americans are expected to celebrate Cyber Monday by spending a record-setting $12 billion online shopping.Black Friday sales were strong –- […] This post is only…