Toronto Stocks Drop Following Hot Jobs Numbers
In midday trading, the Toronto Stock Exchange's S&P/TSX Composite Index was 1.2% lower at 24775.30, tracking a similar 1.2% drop for the week. Energy and consumer non-durables were the only sectors in ...
A cut in January, then a pause: What jobs data mean for Bank of Canada and interest rates
“Given the still-elevated unemployment rate and the cooler wage readings, the latest labour market data still leaves the Bank of Canada in a position to cut rates,” Mendes said. He expects the Bank of ...
Canadian Stocks Tumble As Upbeat Jobs Data Raises Interest Rate Concerns
Canadian stocks are down sharply on Friday with stronger-than-expected U.S. jobs data raising concerns that the Federal Reserve will ...
Bundled pricing: How the best mortgage rates increasingly come with strings attached
Scotiabank’s best rates are typically reserved for customers in its Scotia Mortgage+ bundle program. Due to the pricing advantage, three in four new mortgage customers sign up for other financial ...
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services. Exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
Big upside in December U.S. payrolls cements a Fed hold this month – RBC Economics
“The Fed already pivoted to a more gradual easing cycle in their last meeting In December. We think the odds of an additional ...
RBC cautious on Homebuilders, prefers select building products
RBC Capital Markets maintained a cautious outlook on homebuilders for 2025 given the affordability challenges amid high interest rates but noted selective opportunities in building products.
Canadian labor markets firmed, but still soft, in December – RBC Economics
“The Bank of Canada (BoC) already flagged in December that with interest rates no longer clearly at 'restrictive' levels, and ...
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RBC to develop AI platform tailored for financial services
RBC has partnered with Cohere, a company specializing in security and privacy-focused enterprise AI, to co-develop North for ...
Ferguson price target lowered to $211 from $219 at RBC Capital
RBC Capital lowered the firm’s price target on Ferguson (FERG) to $211 from $219 and keeps an Outperform rating on the shares as part of a ...
RBC Capital starts Liontrust at ‘underperform’, Polar Capital at ‘outperform’
RBC Capital Markets initiated coverage of Liontrust Asset Management on Friday with an ‘underperform’ rating and 390p price ...
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More investors join lawsuit over Credit Suisse AT1 wipeout; Canadian banks signal potential withdrawal from climate alliance
The lawsuit, led by Quinn Emanuel Urquhart & Sullivan, alleges that Swiss authorities “folded to virtually all of UBS’s demands” during Credit Suisse’s emergency takeover, bypassing other potential ...