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Canada's RBC beats profit estimates on higher interest income: Royal Bank of Canada on Wednesday beat analysts' estimates for quarterly profit as higher interest ...
reuters.com/business/royal-bank-canadas-q1-profit-falls-bigger-rainy-day-funds-2024-02-28/
Canada's RBC beats profit estimates on higher interest income
Quick Glance: RBC Beats Profit Estimates with Higher Interest Income
  • Royal Bank of Canada surpasses analysts' estimates for quarterly profit through higher interest rates, resulting in increased income from interest-bearing assets.

  • Despite this, Canada's top lender increased provisions to cover potentially souring loans in an uncertain economy, signaling economic uncertainties.

  • Higher rates generate more income for banks through interest on mortgages and other loans.

  • RBC saw a rise in total provisions for credit losses to C$813 million, or 53%, from a year ago.
Profile picture of Financial Post
Posthaste: Are we at bottom yet? Five things to watch in Canada's housing market: Housing market downturn is expected to run into 2024, but the spring could be a ...
financialpost.com/news/housing-market-canada-five-things-2024
Posthaste: Are we at bottom yet? Five things to watch in Canada's housing ...
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Toronto home buyers venture back to the market: Buyers who had been sitting on the sidelines are expected to come back into the market as the Bank of Canada is ...
theglobeandmail.com/real-estate/toronto/article-toronto-home-buyers-venture-back-to-the-market/
Toronto home buyers venture back to the market
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This Wall Street bank is letting staff work from anywhere through year-end: Citigroup Inc. is once again allowing most of its employees to work from anywhere for ...
financialpost.com/fp-work/this-wall-street-bank-letting-staff-work-anywhere-next-2-weeks
This Wall Street bank is letting staff work from anywhere through year-end
Profile picture of Bloomberg
RBC’s Canadian Investment Banking Co-Head Cook to Depart for BMO: Carrie Cook, co-head of Canadian investment banking at Royal Bank of Canada ...
bloomberg.com/news/articles/2024-01-11/rbc-s-canadian-investment-banking-co-head-cook-to-depart-for-bmo
RBC’s Canadian Investment Banking Co-Head Cook to Depart for BMO
Profile picture of Financial Post
HSBC deal won't change mortgage landscape, says RBC, but industry watchers not so sure
financialpost.com/fp-finance/banking/rbc-says-hsbc-deal-will-not-change-mortgage-landscape-experts-unsure
HSBC deal won't change mortgage landscape, says RBC, but industry watchers ...
Profile picture of Bloomberg
RBC (RY CN) Fined C$7.48 Million for Violating Canadian Money-Laundering Rules: Royal Bank of Canada was fined C$7.48 million ($5.5 million) for a series of ...
bloomberg.com/news/articles/2023-12-05/rbc-hit-with-fine-for-breaking-canadian-money-laundering-rules
RBC (RY CN) Fined C$7.48 Million for Violating Canadian Money-Laundering ...
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HSBC expects RBC deal to close in early 2024 after Ottawa’s approval - National | Globalnews.ca
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HSBC expects RBC deal to close in early 2024 after Ottawa’s approval - ...
Profile picture of National Post
Interest rate cuts will be the story of 2024 — what that means for mortgages and more
financialpost.com/investing/interest-rate-cuts-story-2024-mortgages
Interest rate cuts will be the story of 2024 — what that means for ...
Quick Glance: The 2024 Outlook: Interest Rate Decline
  • Expert: Bank of Canada rate cuts will bring joy to many.

  • The impact of interest rate decline will be the central theme of 2024.

  • Starting at 4.25 percent, the Bank of Canada overnight rate will end 2023 at five percent.

  • It's crucial to note that overnight rates are just one part of the interest rate equation.
Profile picture of Financial Post
Scotiabank to add hundreds of financial advisers to catch up with rivals: Bank of Nova Scotia plans to add hundreds of financial advisers to boost sales of ...
financialpost.com/fp-finance/banking/scotiabank-add-hundreds-financial-advisers
Scotiabank to add hundreds of financial advisers to catch up with rivals
Profile picture of Financial Post
Inflation-weary consumers send mixed signals as Black Friday sales kick off: Retailers say they expect a busy holiday shopping season, despite mixed signals on ...
financialpost.com/news/retail-marketing/canadian-consumers-mixed-signals-black-friday-sales-kick-off
Inflation-weary consumers send mixed signals as Black Friday sales kick ...
Profile picture of Reuters
Canada's RBC, CIBC beat profit estimates; TD misses on higher loan provisions: Two of Canada's big six banks beat expectations for quarterly earnings on Thursday ...
reuters.com/business/finance/royal-bank-canada-profit-jumps-investment-banking-boost-2023-11-30/
Canada's RBC, CIBC beat profit estimates; TD misses on higher loan ...
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TSX posts biggest monthly gain in 3 years on Fed rate signal: Canada's main stock index rose on Thursday and posted its biggest monthly advance in three years as ...
reuters.com/markets/tsx-futures-rise-higher-crude-prices-bank-earnings-us-inflation-data-focus-2023-11-30/
TSX posts biggest monthly gain in 3 years on Fed rate signal
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TD Bank to cut about 3,000 jobs; profit misses estimate: TD Bank Group (TD.TO) is axing 3% of its workforce, or more than 3,000 jobs, the country's ...
reuters.com/business/finance/canadas-td-banks-fourth-quarter-profit-falls-higher-provisions-2023-11-30/
TD Bank to cut about 3,000 jobs; profit misses estimate
Profile picture of Financial Post
RBC says rally makes stocks vulnerable with U.S. recession still likely: Equity markets have gone up so fast that they’re very vulnerable to a pullback if the US ...
financialpost.com/investing/rbc-rally-stocks-vulnerable-us-recession-likely
RBC says rally makes stocks vulnerable with U.S. recession still likely
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Here are Monday's biggest analyst calls: Nvidia, Netflix, Tesla, Amazon, Sunnova, Boeing, Snap, Salesforce & more
cnbc.com/2023/12/18/top-stocks-to-watch-on-monday.html
Here are Monday's biggest analyst calls: Nvidia, Netflix, Tesla, Amazon ...
Profile picture of National Post
Inflation rate holds at 3.1%, defying market and delaying Bank of Canada rate cut
financialpost.com/news/economy/inflation-rate-holds-steady-delaying-interest-rate-cut
Inflation rate holds at 3.1%, defying market and delaying Bank of Canada ...
Profile picture of The Globe and Mail
Justin Trudeau’s Jamaican vacation plus other letters, Jan. 10: ‘The Prime Minister is no ordinary Canadian … why begrudge him some quality time with his ...
theglobeandmail.com/opinion/letters/article-justin-trudeau-cost-of-jamaica-vacation/
Justin Trudeau’s Jamaican vacation plus other letters, Jan ...
Profile picture of Global News
Blocking HSBC deal would send ‘very bad signal’ to foreign investors: RBC CEO - National | Globalnews.ca
globalnews.ca/news/10136174/rbc-cibc-q4-earnings-dividend/
Blocking HSBC deal would send ‘very bad signal’ to foreign investors: RBC ...
Profile picture of ZDNET
Is prompt engineer displacing data scientist as the 'sexiest job of the 21st century'?
zdnet.com/article/is-prompt-engineer-displacing-data-scientist-as-the-sexiest-job-of-the-21st-century/
Is prompt engineer displacing data scientist as the 'sexiest job of the ...
Profile picture of National Post
Cannabis advocates say banks still refuse their business, fuelling the illicit market and hurting the industry
nationalpost.com/cannabis/cannabis-advocates-say-banks-still-refuse-their-business-fuelling-the-illicit-market-and-hurting-the-industry
Cannabis advocates say banks still refuse their business, fuelling the ...
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These are the 5 headlines you should read this morning: Two Canadians died in Antigua, Senate Speaker Gagné ruled Senators were intimidated and RBC was fined $7 ...
ctvnews.ca/5-things/these-are-the-5-headlines-you-should-read-this-morning-1.6675187
These are the 5 headlines you should read this morning
Profile picture of Global News
More Canadian companies are offering fertility benefits, but is it enough? : A new survey shows more than half of Canadian employers still do not offer fertility ...
globalnews.ca/news/10108599/fertility-employee-benefits-canada/
More Canadian companies are offering fertility benefits, but is it ...
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The S&P 500 could see double-digit gains again in 2024, RBC says: Strategist Lori Calvasina set a 2024 year-end target of 5,000 for the S&P 500 ...
cnbc.com/2023/11/22/the-sp-500-could-see-double-digit-gains-again-in-2024-rbc-says.html
The S&P 500 could see double-digit gains again in 2024, RBC says
Profile picture of The Globe and Mail
Google ads for Canadian brands found on Russian and Iranian adult web sites : Air Canada and MI-6 are just a few companies whose Google ads have cropped up on ...
theglobeandmail.com/politics/article-google-ads-showing-up-on-right-wing-and-russian-and-iranian-adult-web/
Google ads for Canadian brands found on Russian and Iranian adult web ...
Profile picture of National Post
JPMorgan hiring in private-asset push targeting Canada's wealthy: JPMorgan Chase & Co. is building up its Canadian asset management team, with new hires planned ...
financialpost.com/fp-finance/banking/jpmorgan-hiring-private-asset-push-canada-wealthy
JPMorgan hiring in private-asset push targeting Canada's wealthy
Profile picture of Financial Post
More softening ahead for Canada's jobs market, but wage hikes, hybrid work to have staying power
financialpost.com/fp-work/canada-jobs-market-2024-more-cooling-work-from-home-stay
More softening ahead for Canada's jobs market, but wage hikes ...
Profile picture of Edmonton Journal
Inflation rate holds at 3.1%, defying market and delaying Bank of Canada rate cut
financialpost.com/news/economy/inflation-rate-holds-steady-delaying-interest-rate-cut
Inflation rate holds at 3.1%, defying market and delaying Bank of Canada ...
Profile picture of Bloomberg
RBC CEO Dave McKay Says Bank Eyeing US Wealth, Commercial M&As: Royal Bank of Canada is interested in adding to its US business through wealth-management and ...
bloomberg.com/news/articles/2024-01-09/rbc-eyes-us-wealth-commercial-m-a-amid-limited-opportunities
RBC CEO Dave McKay Says Bank Eyeing US Wealth, Commercial M&As
Profile picture of Edmonton Journal
Inflation rate holds at 3.1%, defying market and delaying Bank of Canada rate cut
financialpost.com/news/economy/inflation-rate-holds-steady-delaying-interest-rate-cut
Inflation rate holds at 3.1%, defying market and delaying Bank of Canada ...
Profile picture of Insider (news website)
Stock market outlook 2024: RBC boosts S&P 500 price target to 5,150: "The main thing that has changed in our math is the starting point of our analysis given the ...
markets.businessinsider.com/news/stocks/stock-market-outlook-sp500-price-target-5150-economy-presidential-election-2024-1
Stock market outlook 2024: RBC boosts S&P 500 price target to 5,150
Profile picture of Vancouver Sun
Posthaste: Canadians brace for mortgage renewal cliff that could hike payments by 70%
financialpost.com/news/canadians-brace-for-mortgage-renewal-cliff
Posthaste: Canadians brace for mortgage renewal cliff that could hike ...
Profile picture of Accounting Today
Aprio expands in Texas: The Top 100 Firm is merging in San Antonio- and Austin-based Ridout Barrett & Co.
accountingtoday.com/news/aprio-expands-in-texas-with-ridout-barrett-merger
Aprio expands in Texas
Profile picture of Bloomberg
RBC Beats Estimates on an Increase in Capital-Markets Income: Royal Bank of Canada beat analysts’ earnings estimates after reporting strong capital-markets ...
bloomberg.com/news/articles/2023-11-30/rbc-beats-estimates-on-an-increase-in-capital-markets-income
RBC Beats Estimates on an Increase in Capital-Markets Income
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RBC: Royal Bank of Canada’s City National Bet on Rich US Clients Costs $10B: Royal Bank of Canada wanted to return to the US personal and commercial banking ...
bloomberg.com/news/articles/2023-11-22/rbc-royal-bank-of-canada-s-city-national-bet-on-rich-us-clients-costs-10b
RBC: Royal Bank of Canada’s City National Bet on Rich US Clients Costs ...
Profile picture of Financial Post
Ski-Doo maker BRP hit by slowdown as consumers tighten their belts: Inflationary environment has led to a 'softening' of demand in the powersport vehicle market ...
financialpost.com/transportation/autos/ski-doo-maker-brp-hit-by-slowdown
Ski-Doo maker BRP hit by slowdown as consumers tighten their belts
Profile picture of Toronto Sun
Interest rates impacting nearly half of Ontario homeowners' plans in some way: A new survey says rising interest rates have affected home purchase plans for ...
torontosun.com/news/provincial/interest-rates-impacting-nearly-half-of-ontario-homeowners-plans-in-some-way
Interest rates impacting nearly half of Ontario homeowners' plans in some ...
Profile picture of Financial Post
RBC beats expectations on boost from capital markets income: RBC's corporate and investment banking revenue rose to the highest in almost two years in the fourth ...
financialpost.com/fp-finance/banking/rbc-beats-expectations-on-capital-markets-income
RBC beats expectations on boost from capital markets income
Profile picture of Global News
More Canadian companies are offering fertility benefits, but is it enough? : A new survey shows more than half of Canadian employers still do not offer fertility ...
globalnews.ca/news/10108599/fertility-employee-benefits-canada/
More Canadian companies are offering fertility benefits, but is it ...
Profile picture of Montreal Gazette
Montreal Canadiens line up Air Canada as road jersey sponsor: Airline signs a multi-year agreement with the Habs to display the carrier’s logo.
montrealgazette.com/sports/hockey/nhl/montreal-canadiens/montreal-canadiens-line-up-air-canada-as-road-jersey-sponsor
Montreal Canadiens line up Air Canada as road jersey sponsor