Higher interest rates boost lending margins at TD and CIBCTwo of Canada’s largest banks are reaping rewards from higher interest rates as profit margins on loans increased in their fiscal […]
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TD Bank tops quarterly profit forecasts despite rising costs, higher loan-loss provisions
TD Bank tops quarterly profit forecastsToronto Dominion Bank TD-T +0.74%increase reported lower third-quarter earnings as costs rose faster than revenue and the bank set aside more loan loss provisions, but is starting to […]
Gold range-bound as investors wait for Fed chair’s speech
Gold range-bound as investors wait for Fed chair’s speechGold traded in a narrow range on Wednesday as investors awaited more insight into the outlook for interest rates from U.S. Federal […]
National Bank reports third-quarter profit down from year ago
National Bank reports third-quarter profit down from year agoNational Bank of Canada NA-T -0.74%decrease reported its third-quarter profit fell compared with a year ago as it was hit by higher provisions for credit […]
Brent oil climbs above $100 a barrel amid talk about OPEC output cuts
Brent oil climbs above $100 a barrel amid talk about OPEC output cutsBenchmark Brent oil climbed above $100 a barrel on Wednesday after Saudi Arabia suggested this week that OPEC […]
RBC profit misses forecasts, challenging economic outlook prompts loan-loss provisions
RBC profit misses forecasts, challenging economic outlook prompts loan-loss provisionsRoyal Bank of Canada’s third-quarter profit fell 17 per cent as the bank earmarked provisions against possible loan defaults, adopting a […]
Scotiabank earnings miss expectations on higher interest rates
Scotiabank earnings miss expectations on higher interest ratesBank of Nova Scotia BNS-T -5.25%decrease fell short of expectations for its third-quarter earnings as mounting economic uncertainty put pressure on key parts of its business, […]
Dow slumps 600 points Monday to wrap worst day since June as summer rally fades
Dow slumps 600 points Monday to wrap worst day since June as summer rally fadeshttps://www.cnbc.com/2022/08/21/stock-market-futures-open-to-close-news.html
Bank earnings are coming. Here’s what to expect
Bank earnings are coming. Here’s what to expectAs investors try to gauge the extent of the economic slowdown, a big clue is set to arrive next week when Canada’s biggest […]