With stocks hitting yet another high, the question is whether bond yields could be getting ready to lift off.» Read More
COPENHAGEN, Sept 4- Denmark's Simcorp, a provider of software and services to the financial sector, expects to get back on track in the United States within a year, after replacing poorly performing managers, its chief executive told Reuters on Thursday.
*Bank of Canada had forecast growth of 2.5 pct; market +2.7 pct. OTTAWA, Aug 29- Strong consumer spending and a jump in exports helped the Canadian economy bounce back from a weather-restrained first quarter, with annualized growth of 3.1 percent in the second quarter after a downwardly revised 0.9 percent in the first.
TORONTO, Aug 26- Bank of Nova Scotia and Bank of Montreal posted higher third-quarter profits on Tuesday, benefiting from gains at their traditional Canadian lending arms as well as the impact of buoyant capital markets.
TORONTO, Aug 22- Royal Bank of Canada on Friday reported a bigger-than-expected increase in quarterly earnings, driven by strong results from its wealth management and capital markets divisions. Shares in the bank hit a lifetime high of C $82.15 early on Friday before easing 1.2 percent to C $80.67 on a negative day on the Toronto Stock Exchange.
The annual inflation rate fell to 2.1 percent in July from 2.4 percent in June, a touch above the Bank of Canada's 2 percent target but lower than the 2.2 percent forecast of economists in a Reuters survey.
Canada's largest bank reported net income of C $2.38 billion, or C $1.59 a share, for the third quarter ended July 31, compared with C $2.29 billion, or C $1.51 a share, a year earlier.
TORONTO, Aug 8- Standard& Poor's said on Friday it had revised its outlook on Canadian banks to "negative," due to concerns the government is becoming less willing to bail out banks in the event of a financial crisis.
OTTAWA, Aug 8- Canada's economy created a net 200 jobs in July, far fewer than analysts had expected, while labor force participation fell to a fresh 13- year low, the country's statistical agency reported on Friday.
OTTAWA, June 20- Costlier energy unexpectedly pushed Canada's annual inflation rate to a 27- month high of 2.3 percent in May from 2.0 percent in April, while a rise in the core rate also put pressure on the Bank of Canada to tone down its low-inflation concerns.
*Ratio 163.2 pct in Q1 and 163.9 pct in Q4. *Ratio hit a record 164.1 pct in Q3; rose through recession. In relative terms, the decline in the first quarter was tiny for a measure that jumped from 108.5 percent in early 2000 to 129.2 percent in 2006, and then rose inexorably in the following years as Canada avoided the real estate crash that afflicted the United States.
TORONTO, May 22- Royal Bank of Canada and Toronto-Dominion Bank topped second-quarter estimates on the back of low loan-loss provisions and stronger retail lending and wealth management income, spurring shares of Canada's top two banks to all-time highs on Thursday.
WINNIPEG, Manitoba, April 29- Western Canadian farmers still stuck with last year's harvest are turning to the government for credit help in record numbers, and insiders fear problems could cascade through the agricultural economy as the new planting season gets under way.
LONDON, April 16- When U.S. firm ConocoPhillips spun off its refining assets in 2011 to focus on more profitable oil production, it seemed only a matter of time before one of the oil majors followed suit. Europe's oil refining guru, Marcel van Poecke, believes the move will be repeated one day. They say:' We can buy BP for upstream and Valero for downstream.
*Economy grows 0.5 pct in Jan; fell 0.5 pct in Dec. OTTAWA, March 31- The Canadian economy bounced back more strongly than expected in January from a weather-induced decline in December but failed to regain all the output that was lost in the final month of 2013, Statistics Canada said on Monday.
OTTAWA, March 19- Joe Oliver, Canada's former energy minister and champion of the controversial Keystone XL pipeline, was appointed the country's new finance minister on Wednesday, signaling a stay-the-course approach to fiscal and economic policy.
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NEW YORK/ TORONTO, Oct 26- Moody's Investors Service warned on Friday it could cut its ratings on five top Canadian banks on concerns about a softening economy and volatile capital markets, a blow to a banking system named the soundest in the world four years in a row.