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 […]
Category: Uncategorized
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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 […]
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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, […]
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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 […]
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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 […]
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Scotiabank reports Q4 profit down from year ago, provision for credit losses up
Tue Nov 28, 5:37AM CST TORONTO — Scotiabank reported its fourth-quarter profit fell compared with a year ago as the amount it set aside to cover bad loans more than […]
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Americans are set to spend a record $12 billion online shopping today
Updated 1:25 PM EST, Mon November 27, 2023 New YorkCNN — Enticed by deep discounts, Americans are expected to celebrate Cyber Monday by spending a record-setting $12 billion online shopping. Black Friday […]
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Black Friday shoppers spent a record $9.8 billion in U.S. online sales, up 7.5% from last year
Black Friday generated $9.8 billion in U.S. online sales, according to Adobe Analytics, up 7.5% from a year ago. The spending bump reflects consumers looking to advantage of big deal […]
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Calendar: Nov 27 – Dec 1
Monday November 27 China industrial profits Japan machine tool orders (10 a.m. ET) U.S. new home sales for October. The Street is expected an annualized rate decline of 4.8 per […]