Royal Bank Profit Beats Expectations, But Provisions For Credit Losses Climb

in #money5 years ago

After all the recent IPO hype, short sellers are positioning themselves for the ‘monster drawdown’: Victor Ferreira


Since their IPOs, shorts on Lyft and Pinterest have netted investors more than US$250 million and US$18.9 million respectively

Royal Bank of Canada, TD Bank beat expectations, powered by loan growth: Reuters


Higher interest rates also a boost

TD Bank beats estimates with $3.17 billion profit: The Canadian Press


Provisions for credit losses in the quarter totalled $633 million, up from $556 million a year ago

Royal Bank profit beats expectations, but provisions for credit losses climb: The Canadian Press


RBC earned $3.23 billion in its latest quarter

New Competition Bureau commissioner targets telecom, pharma and infrastructure industry: Julius Melnitzer


The Bureau is in the final stages of hiring a chief digital enforcement officer, with the mandate to improve and modernize the regulator’s approach to digital enforcement

Protected industries: Why more than a third of the Canadian economy is walled from competition: Special to Financial Post


A new Fraser Institute study shows an estimated 35 per cent of Canada's economy is protected from foreign competition

Postmedia partners with tech news service The Logic: ‘Another bet on journalism’: Joseph Brean


The deal will see Postmedia invest in The Logic and offer a selection of its work through online products including the National Post and various city papers

Kenney government’s Bill 1 will roll back Alberta carbon tax on everyone but large emitters: Geoffrey Morgan


'We campaigned on scrapping the job-killing carbon tax and Albertans responded loud and clear,' Jason Kenney said of Bill 1

What Finance glossed over in its response to the IMF report on Canada’s economy: Kevin Carmichael


Maybe Bill Morneau has a right to be proud, but the IMF isn’t as taken with his work as Finance makes its sound

Robot inspectors aim to revolutionize the factory line: Larysa Harapyn


Larysa Harapyn talks to Jason Niu from Bluewrist at Collision Conference in Toronto

Fed signals patience on rate moves ‘for some time’: Bloomberg News


No strong case to move in either direction

Brookfield, Fortress said to bid for Anbang hotel portfolio: Bloomberg News


Anbang, under temporary control of Chinese government regulators, received offers of as much as US$5.8 billion for 15 hotels

CIBC says drop in big-city mortgage markets larger and longer than expected: Geoff Zochodne


Earnings per share growth expected to stay 'fairly flat' this year

CMHC says Canadians debt levels hit record highs even while mortgage growth slowed: The Canadian Press


Balances for credit cards and lines of credit grew at a faster pace, especially in Vancouver, Edmonton and Toronto

https://cts.businesswire.com/ct/CT

Secure-D Exposes Suspicious Android App with 500 Million Downloads - Financial Post:


Secure-D Exposes Suspicious Android App with 500 Million Downloads Financial Post Upstream's security platform blocks 130 million suspicious mobile transactions initiated by popular Android video downloaderVidMate hijacks mobile devices,...

Why saving too much for retirement is just as risky as saving too little: Jason Heath


Jason Heath: Only 20 per cent of 65-year old Canadians will live for 30 years — and that means their money will far outlive them

Apple earnings could be slashed 29% if China retaliates with product ban, warns Goldman Sachs: Bloomberg News


Worries over the wider impact of the trade war have intensified after the U.S. blacklisted Huawei

For venture capitalists at Collision, the big question is: ‘What’s left to disrupt?’: James McLeod


Finding pockets of the economy that haven’t already been disrupted by technology is the new hot trend

CIBC misses expectations as slow loan growth, higher provision eat into profit: Reuters


CIBC first of the big Canadian lenders to report

Down to Business podcast: The real culprit behind Vancouver’s runaway real estate: Emily Jackson


Episode 5 of the weekly podcast from the Financial Post


[news curation]@wakanda-forever


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