The Canadian market turned in a fine performance on Monday, with stocks from various sectors moving higher on sustained buying interest.China’s stimulus to ease market unrest and drive economic growth, […]
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Fed Chair Powell calls inflation ‘too high’ and warns that ‘we are prepared to raise rates further’
While acknowledging that progress has been made, the central bank leader said inflation is still above where policymakers feel comfortable. The speech resembled remarks Powell made last year at Jackson […]
Calendar: Aug 28 – Sept 1
Monday August 28UK markets closed(10:30 a.m. ET) U.S. Dallas Fed Manufacturing Activity for August.Earnings include: BYD Co. Ltd. ADR; Heico Corp.–Tuesday August 29Japan jobless rateGermany consumer confidence(9 a.m. ET) U.S. […]
Canada’s two largest banks are bracing for lower growth, wrestling with surging costs
Canada’s two largest banks are signalling that the cooling economy and spiking expenses threaten to weigh on their growth and trigger further job cuts.Royal Bank of Canada RY-T +1.96%increase is trimming jobs in […]
TD Bank Group Reports $2.96B Q3 Profit, Down From $3.21B Year Ago
TD Bank Group reported its third-quarter profit fell compared with a year ago as its provisions for credit losses rose.The bank says its net income totalled $2.96 billion or $1.57 […]
Fed’s Powell may open the door to another rate hike in Jackson Hole speech
All eyes will be on Federal Reserve Chair Jerome Powell when he delivers the keynote speech at the central bank’s summer symposium in Jackson Hole, Wyoming, on Friday.Just one year ago, when […]
RBC Reports $3.87B Q3 Profit, Up From $3.58B A Year Ago
Royal Bank of Canada says its third-quarter profit rose compared with a year ago, helped higher by strength in its personal and commercial banking and insurance operations.The bank says its […]
China’s deflation could spill over into a global concern, economists say
Beijing’s deteriorating economic fundamentals have become starkly apparent in recent months, with July’s data broadly missing expectations. China’s headline consumer price index fell 0.3% year-on-year in July to register deflation […]
TSX Ends On Firm Note; Technology, Materials Shares Rally
Published: 8/23/2023 5:49 PM ETThe Canadian market ended on a firm note on Wednesday, aided by strong gains in technology, materials, financials and real estate stocks.Several stocks from utilities, consumer discretionary and […]