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Royal Bank Of Canada Profit Misses On Weak Equity Trading

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wakanda-forever
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26 days ago5 min read

Canadian inflation holds steady in July, giving Bank of Canada one less reason to cut rates: Reuters


Inflation rate held at 2.0 per cent because of lower costs for services, including telecoms, that were offset by higher prices for durable goods

Trump says the U.S. is ‘very far from a recession’ but floats stimulus ideas anyway: Bloomberg News


Trump said he's open to a range of possible actions, including a payroll tax cut or bypassing Congress to reduce taxes by indexing capital gains

Balking at cottage prices, millennials are driving RV sales: Nicholas Sokic


Historically, the Canadian RV market consisted of an older demographic, but around the 2009 recession a new trend emerged

Royal Bank of Canada profit misses on weak equity trading: Reuters


But, interest rate hikes last year benefitted its personal and commercial banking business, where net income rose 10 per cent to $1.66 billion

There’s nothing wrong with a company trying to keep workers happy — and union-free: Howard Levitt


Howard Levitt: It’s understandable that many employers have valid concerns about a union entering their workplace

Better-than-expected manufacturing data to hold up Canada’s Q2 GDP: Analyst: Colin McClelland


But the outlook for manufacturing remains highly susceptible to the ongoing moderation in global growth and elevated trade tensions

Big Six banks brace for ‘challenging’ outlook on prospects of lower interest rates, roiled capital markets: Geoff Zochodne


Weaker economies have also forced the banks to set aside more money for possible loan losses

A Bank of Canada rate cut is looking more likely and the first could come as early as September: Bloomberg News


A slowing economy and growing trade tensions suggest a cut will happen more quickly than currently accounted for, Macquarie economist says

Huawei founder warns company faces ‘live or die moment,’ tells employees to do battle — or else: Bloomberg News


Billionaire Ren Zhengfei called on workers to form 'commando squads' to explore new projects and said if they fail salary and job cuts would follow

‘We’re not a food hall’: Eataly’s Andrea Guerra on the company’s Canadian expansion, its split from Batali and what you should call it: Jake Edmiston


The chain of luxury grocery and restaurant complexes devoted to Italian cuisine is coming to Canada this fall. Here's a look at its plans

‘Just writing cheques’: Dairy payout could deepen competitiveness concerns, critics say: Naomi Powell


'Government’s compensation dollars would have been better spent if they were tied to clear sustainability and competitiveness goals'

MEG Energy clashes with Enbridge over sweeping changes to Mainline pipeline: Geoffrey Morgan


Some oilpatch executives aren’t convinced the system needs to change from the spot market

Catalyst adds to stake in HBC as battle over retailer’s fate heats up: Barbara Shecter


Adds 10.5 per cent to its holding with an aim to block or force Richard Baker to up his bid

Meg Energy clashes with Enbridge over sweeping changes to Mainline pipeline: Geoffrey Morgan


Some oilpatch executives aren’t convinced the system needs to change from the spot market

SNC-Lavalin rating cut to junk on heightened credit-risk profile: Bloomberg News


Reflects company’s significant losses on lump-sum turnkey projects

The streaming wars start Nov. 12, when Disney+ comes to Canada: James McLeod


As streaming wars ramp up, one of the likely outcomes is more people shifting away from traditional cable or satellite TV

Diane Francis: The global economy is roiling and no matter who wins the White House things will only get worse - Financial Post:


Diane Francis: The global economy is roiling and no matter who wins the White House things will only get worse Financial Post Three quarters of economists in U.S. business group predict U.S. recession by end of 2021 Global News With eyes on election, White Ho…

CEOs at world’s biggest companies declare shareholder interests no longer their top priority: Bloomberg News


A corporation serves all of its constituents, including employees, customers, investors and society at large, the Business Roundtable said in a statement

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U.S. records 21 new measles cases as of last week - Financial Post:


U.S. records 21 new measles cases as of last week Financial Post The United States recorded 21 new measles cases last week, raising the total number of cases for the year to 1203 across 30 states in the worst outbreak of the...

Catalyst Capital to buy 10% stake in Hudson’s Bay: Reuters


The private equity firm is looking to block Richard Baker's $1.74-billion proposal to take HBC private


[news curation]@wakanda-forever



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