Tag Archives: Bank

Canadian bank earnings begin: What you need to know before markets open


U.S. stock index futures are higher today as the dollar retreated from the largest grow in two years and as worries about Greece receded. In early European trading, the dollar was down around another of one percent against a basket of currencies, after jumping 1.3 percent on Tuesday, its biggest rise since July 2013.Greece and its European creditors also have ...

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Bank of Canada’s dovish economic outlook fuels loonie’s fall


So much for that rally within the Canadian dollar. The dollar fell again Wednesday following dovish comments in the Bank of Canada that voiced concern about the damage a powerful loonie could do in order to the Canadian economy. The currency was down 0.23 cents, or 0.28 per cent, to US$80.26. The loonie has slid roughly four percent in the ...

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Bank earnings day! What you need to know before markets open


U.S. stock index futures are lower today, overwhelmed by concerns about Greece\’s capability to strike an offer with its creditors, but a raft of upbeat Canadian bank earnings may boost the TSX. Canadian Imperial Bank of Commerce reported a better-than-expected quarterly profit on Thursday, boosted with a buoyant Canadian capital market.Royal Bank of Canada, the nation\’s top lender, posted a ...

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Bank of Nova Scotia upgraded to outperform


Investors have frequently owned Bank of Quebec for its international operations – valuing growth abroad over relatively slower business in North America. The bank has operations in more than 55 countries around the world, primarily in Latin America and also the Asia-Pacific region, but also in Europe and the Middle East. Late last year, chief executive Brian Porter announced a ...

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Deutsche Bank appoints John Cryan as new CEO in surprise revamp


FRANKFURT – Deutsche Bank AG named John Cryan as ceo in a surprise revamp after Anshu Jain and Juergen Fitschen struggled to win investor backing for a strategy overhaul. Cryan, the former chief financial officer at UBS Group AG, will run the firm alongside Fitschen after Jain leaves on June 30, the organization said inside a statement on Sunday. The ...

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Bank of America: The biggest risk to global stocks is exactly the opposite of what most people think


No one knows for sure when the Fed can make its first rate hike in nearly ten years, but Bank of America says most people are ignoring an interesting risk: that the Fed doesn’t hike and actually embarks on another round of QE. Here’s an excerpt from the note sent by the firm and lead analyst Savita Subramanian. Bond swings ...

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Chances of Bank of Canada interest rate cut sit at 35%, says RBC’s Eric Lascelles


Chances the Bank of Canada will cut interest rates in the next couple of months are about one in three as a weaker currency does not boost exports and companies continue to grapple with lower oil prices, according to Eric Lascelles. Loonie overvalued by 10%, dragging on Canadian growth: CIBC CIBC World Markets says the loonie continues to be overvalued ...

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Why the Bank of Canada’s ’emergency surgery’ rate cut didn’t work


For months now, Bank of Canada Governor Stephen Poloz as well as an accompanying chorus of economists happen to be predicting that the second quarter would be turnaround time. \’R\’ word returns to haunt Canada as economy does not shake off oil price plunge Data out this week showed the damage of oil’s collapse is deeper than many thought, raising ...

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The most bearish call on Bay Street: Bank of Canada will slash to 0.25% by year end


One of the biggest bears on Canada’s economy restated his view Friday the Bank of Canada will slash its benchmark rate of interest two more times by the end of the year. “While there is limited scope to reduce interest rates further, the hit from lower oil prices on the?economy takes a heavier toll than widely acknowledged,”said David Madani, Canada ...

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Canada is already in a recession, says Bank of America, and the loonie is set to get hammered


Bank of America Merrill Lynch is just about the first bank to for a Canadian recession this year. \’R\’ word returns to haunt Canada as economy does not shake off oil price plunge Data out this week showed the damage of oil’s collapse is deeper than many thought, raising fears that we\’re slipping into recession and speculation the Bank of ...

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