Canada’s BMO and Scotiabank shares fall as they miss their profits.
Bank of Montreal (BMO.TO) and Bank of Nova Scotia (BNS.TO) on Wednesday missed quarterly profit estimates after facing higher expenses and setting aside more rainy-day funds. Both banks missed their quarterly profit estimates on Wednesday, with the price of their…
Canadian banks pricing in a recession around the end of the year: Portfolio manager
The top Canadian banks, according to one portfolio manager, are pricing in a recession to start around the end of the year, which is hurting sentiment for bank stocks. Bank stock performance has lagged behind that of the Toronto Stock…
Carlo Dade: Why Canada needs to engage China more, not less
Canada needs to communicate more with China’s leadership. An argument for deeper engagement with China may seem out of place in the current climate of hostility and attendant vehement rhetoric that characterises Canada-China relations. Not at all. It is Canada’s…
Canadian banks faced a difficult quarter ahead of earnings releases: RBC
RBC Capital Markets analysts anticipate a challenging quarter for several of the country’s leading lenders as Canadian banks prepare to broadcast their quarterly outcomes the following week, stating that the “macroeconomic outlook has become more uncertain.” RBC Capital Markets analysts…
Canada’s housing market is taking the brunt of rate hikes
One analyst claims that the Bank of Canada’s warning about the mounting risk that higher borrowing costs pose to Canadian households will prevent the central bank from hiking rates further. The Bank of Canada expressed concern about Canadians’ ability to…
Demand grows in Canada for short-term fixed-rate mortgages
According to a Ratehub.ca poll, the Bank of Canada’s recent aggressive interest rate increases are increasing demand for short-term fixed-rate mortgages. According to the study, Canadians who are considering getting a mortgage are interested in short-term fixed rates as a…
Bank of Canada and inflation: What the latest data could mean for interest rates
The Bank of Canada may not rule out more rate increases in light of April’s higher-than-expected inflation numbers, experts suggested on Tuesday. According to Statistics Canada’s report released on Tuesday, inflation increased to 4.4% in April over the prior year….