Suncor Energy Inc. (SU) on Tuesday reported fourth-quarter earnings of $2.02 billion.The Calgary, Alberta-based company said it had profit of $1.50 per share. Earnings, adjusted for non-recurring gains, were $1.33 […]
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Magna Reports US$95M Q4 Profit, Down From US$464M A Year Earlier; Sales Up
Magna International Inc. reported its fourth-quarter profit fell compared with a year earlier as its sales gained five per cent.The auto parts company, which keeps its books in U.S. dollars, […]
Feb 24: Key Fed inflation measure rose 0.6% in January, more than expected
The core personal consumption expenditures price index increased 0.6% for the month, and was up 4.7% from a year ago. Headline inflation increased 0.6% and 5.4% respectively. All the numbers […]
Calendar: Feb 27 – Mar 3
Monday February 27Euro zone consumer and economic confidence(8:30 a.m. ET) Canada’s current account balance of Q4.(8:30 a.m. ET) U.S. durable and core orders for January. The Street is projecting month-over-month […]
TD Bank says it received all required regulatory approvals for Cowen deal
TD Bank Group TD-T +0.49%increase says it has received all of the regulatory approvals required under its deal to buy U.S. investment bank Cowen Inc.The bank expects to close the acquisition on March […]
CIBC profit falls but tops forecasts on trading gains, lower loan-loss provisions
Canadian Imperial Bank of Commerce CM-T +2.74%increase reported lower first-quarter profit but beat analysts’ estimates as the lender set aside fewer loan loss reserves and benefited from a boost in trading activity.CIBC earned […]
Feb 24: Dow drops more than 300 points as a hot inflation report rattles Wall Street: Live updates
U.S. stocks fell sharply Friday after the Federal Reserve’s preferred inflation gauge showed a stronger-than-expected increase in prices last month.The Dow Jones Industrial Average fell by 364 points, or 1.1%. The S&P 500 and Nasdaq […]
What is the Personal Consumption Expenditures Price Index?
A measure of the prices that people living in the United States, or those buying on their behalf, pay for goods and services. The PCE price index is known for […]
CI Financial Reports Financial Results For The Fourth Quarter Of 2022
CI Financial Corp. (“CI”) (TSX:CIX.TO) today released financial results for the quarter ended December 31, 2022.“CI’s strong performance during an extended period of financial market volatility reflects the continued successful […]