Tech is within the driver’s seat, once more That is the week that delivered the best earnings breadth when it comes to the numbers of shares and earnings greenback worth. It’s what’s known as an earnings bonanza! Only a handful of large-cap tech shares powered the S&P 500’s positive factors in the course of the … Read more
In Canada, Metro (MRU/TSX) delivered superb outcomes, as has been the development for Canadian grocers. The next is in Canadian {dollars}. Second-quarter non-GAAP earnings per share of $0.96. Income of $4.55 billion (+6.6% year-over-year). Meals same-store gross sales up 5.8%. Pharmacy same-store gross sales up 7.3%. Apple continues its push into fintech Apple (AAPL/NASDAQ) is … Read more
The BoC elevated its stability sheet from $120 billion in March 2020, to greater than $575 billion at its peak in the course of the pandemic (March 2021). It’s actively been decreasing its stability sheet since April 2022 by letting its bonds mature, in addition to promoting bonds again to monetary establishments. As of February, … Read more
Video: How the Financial institution of Canada’s rate of interest impacts you What occurs when the Financial institution of Canada raises or lowers rates of interest? If the financial system is struggling to develop or experiencing a shock, because it did through the COVID-19 pandemic, the BoC can slash rates of interest to assist increase … Read more
Kyle Prevost, editor of Million Greenback Journey and founding father of the Canadian Monetary Summit, shares monetary headlines and provides context for Canadian traders. The Shaw & Rogers marriage permitted—lastly! The long-awaited federal approval of the $20-billion takeover of Shaw Communications (SJR/TSX) by Rogers Communications (RCI.B/TSX) was lastly confirmed late final week. There have been … Read more
Kyle Prevost, editor of Million Greenback Journey and founding father of the Canadian Monetary Summit, shares monetary headlines and presents context for Canadian buyers. Freeland fires once more at Canadian Banks There are a number of big-picture seems on the necessary points of the Canadian federal funds that was unveiled on Tuesday. For this week’s … Read more