Suncor shakeup should have been led by the board, not an activist hedge fundIn boxing terms, U.S. activist Elliott Investment Management LP scored a knockout on Monday in its bout […]
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The case for Canada: A BlackRock senior strategist on energy, banks, bonds and why our market rules in 2022
The case for Canada: A BlackRock senior strategist on energy, banks, bonds and why our market rules in 2022This remarkably bad year for investing still has almost six months to […]
Bank of America revenue tops expectations as lender benefits from higher interest rates
Bank of America revenue tops expectations as lender benefits from higher interest ratesBank of America earnings dropped 32% to $6.25 billion, or 73 cents a share, from a year earlier […]
Goldman Sachs crushes analysts’ expectations on strong bond trading results, shares rise 3%
Goldman Sachs crushes analysts’ expectations on strong bond trading results, shares rise 3%Second-quarter profit fell 48% to $2.79 billion, or $7.73 a share, driven by industrywide declines in investment banking […]
Before the Bell: July 18
Before the Bell: July 18EquitiesWall Street futures gained early Monday on easing concerns about aggressive rate hikes from the Federal Reserve as traders weigh more earnings from U.S. banks. Key […]
BMO expects big bounce-back in TSX stocks.
BMO expects big bounce-back in TSX stocks. The S&P/TSX Composite Index is trading at recessionary valuation levels and that, combined with the extreme breadth of weakness and the dramatic underperformance […]
Canadian home prices spiral down in June
Canadian home prices spiral down in JuneCanada’s housing market slowed for the third straight month in June, with home prices cratering – the largest monthly decline on record – as […]
Economic Calendar (July 18 – July 22)
Economic Calendar (July 18 – July 22)Monday July 18(815 am ET) Canada housing starts for June. Consensus is a fall of 4.1% to an annualized rate of 275,600.(10 am ET) […]
Citigroup’s quarterly profit tops expectations on trading boom
Citigroup’s quarterly profit tops expectations on trading boomCitigroup Inc C-N +10.17%increase posted a smaller-than-expected 27 per cent drop in quarterly profit on Friday as the third-largest U.S. bank’s trading desk cashed in on […]