CashNews.co Labour productivity dropped in 11 of the 16 main business sectors tracked by Statistics Canada. (Credit: Postmedia News) Canada’s labour productivity fell by 0.4 per cent in the third quarter, Statistics Canada said on Wednesday, marking the third consecutive quarter of declines. “Productivity has been a story of serial disappointment in Canada, and the […]
CashNews.co Article content Boosted by revenue growth in all business segments, National Bank of Canada on Wednesday reported a higher fourth-quarter profit than last year, narrowly beating analyst expectations in the process. Article content On an adjusted basis, the bank earned $928 million, up from $850 million a year ago, resulting in earnings per share […]
CashNews.co What’s going on here? The Toronto Stock Exchange’s S&P/TSX composite index reached new heights as gains in the tech and finance sectors bolstered its performance. What does this mean? The Toronto Exchange marked a fresh high, with its S&P/TSX index hitting 25,664.45, just below its record. Tech and financial sectors led the charge, with […]
CashNews.co Conservative Leader Pierre Poilievre said Wednesday it’s time for Finance Minister Chrystia Freeland to present a fall economic statement to reveal the state of the country’s finances. The economic statement, known in political circles as the FES, is a mini-budget of sorts typically tabled in November — it’s only been presented in December three […]
CashNews.co Automotive NewsBMW Canada exec Nicolas Leduc tapped to succeed retiring longtime Porsche captive finance CEO Ross DupperBMW Group Financial Services Canada President and CEO Nicolas Leduc will become president and CEO of the Porsche captive finance company Jan….4 hours ago Read More #cashnews #Canada #finance
Now that you’re fully informed, check out this essential video on Sending the Bank of Canada (and PM) Kids’ Finance Books for Christmas. With over 8124 views, this video offers valuable insights into Finance. CashNews, your go-to portal for financial news and insights. #Sending #Bank #Canada #Kids #Finance #Books #Christmas
CashNews.co The Canadian dollar strengthened against the greenback on Wednesday, and the yield on benchmark government debt climbed. The loonie was trading 0% higher at C$1.4064 to the greenback, or 71.1 U.S. cents, after trading in a range of 1.4053 to 1.4083. Canadian government 10-year bond yields rose 4.3 basis points to 3.161%. The yield […]
CashNews.co (Reuters) -National Bank of Canada reported a rise in fourth-quarter profit on Wednesday, helped by strong performance in its wealth management unit. In October, the Bank of Canada cut interest rates for the fourth time in a row, marking a shift towards a low inflation era, and boosting banks’ loan growth as lower rates […]
CashNews.co (Reuters) -Royal Bank of Canada reported a rise in fourth-quarter profit on Wednesday as the country’s biggest lender benefited from strong performance in its wealth management business. Earnings from RBC’s wealth management business increased by C$697 million to C$969 million ($688.99 million) in the reported quarter compared to last year, driven by higher fee […]
CashNews.co CPACNational Finance – December 3, 2024 (2 of 2)In Committee from the Senate of CanadaNational Finance – December 3, 2024 (2 of 2). CPAC broadcasts all televised committee meetings from….6 hours ago Read More #cashnews #Canada #finance