TORONTO, Dec 10 (Reuters) – Canadian banks say the worst of
the financial hits they have taken on their Caribbean operations
should be behind them as an improving U.S. economy and lower oil
prices help support the region’s recovery.
Even if Caribbean economies continue to struggle with weak
tourism spending, Canadian bank executives say the work they
have done this year to control costs and provide for bad loans
should give them a buffer.
TORONTO, Dec 5 (Reuters) – Shares of Bank of Nova Scotia
and National Bank of Canada weakened after the
lenders reported quarterly results on Friday, closing out an
earnings season in which Canadian banks largely disappointed
Scotiabank, Canada’s No. 3 lender, reported a
weaker-than-expected profit, with earnings down in both its
Canadian and international banking divisions.
TORONTO (Reuters) – Shares of Toronto-Dominion Bank (TD.TO: Quote, Profile, Research, Stock Buzz) and Canadian Imperial Bank of Commerce (CM.TO: Quote, Profile, Research, Stock Buzz) slid on Thursday after posting soft results in what is shaping up to be a disappointing fourth-quarter earnings season for Canadian lenders.
TD Bank reported a weaker-than-expected profit, even as its revenue and earnings rose, and said it expects a more challenging operating environment in 2015.
TORONTO, Dec 4 (Reuters) – Toronto-Dominion Bank reported a
weaker-than-expected fourth-quarter profit on Thursday, even as
its revenue and earnings rose, and said it expects a more
challenging operating environment in 2015.
Canada’s second-largest lender said its net income rose to
C$1.75 billion ($1.54 billion), or 91 Canadian cents per share,
in the fourth quarter ended Oct. 31, from C$1.62 billion, or 84
Canadian cents a share, a year earlier.
TORONTO (Reuters) – Royal Bank of Canada (RY.TO: Quote, Profile, Research, Stock Buzz) reported a stronger fourth-quarter profit on Wednesday as gains at its core personal and commercial banking and wealth management businesses offset weakness at its capital markets arm.
Canada’s largest bank reported net income of C$2.3 billion ($2.02 billion), or C$1.57 a share on a fully diluted basis, for the fourth-quarter ended Oct. 31, compared with C$2.1 billion, or C$1.39 a share, a year earlier.
TORONTO (Reuters) – Bank of Montreal (BMO.TO: Quote, Profile, Research, Stock Buzz) kicked off the fourth-quarter reporting season for Canadian lenders on Tuesday with a weaker-than-expected profit, hurt by results at its capital markets arm, sending its stock lower in early trade.
Net income at Canada’s fourth-largest bank was C$1.07 billion ($941.57 million), or C$1.56 a share, for the fourth quarter ended Oct. 31, compared with C$1.07 billion, or C$1.60 a share, a year earlier.
Nov 13 (Reuters) – Manulife Financial Corp on
Thursday reported slightly lower-than-expected third-quarter
earnings as weaker Canadian and U.S. insurance and wealth
management sales offset strong growth in Asia.
Manulife, Canada’s largest insurer, earns the bulk of its
profit in North America but also has a fast-growing Asian unit.
TORONTO, Nov 6 (Reuters) – Singapore and Thailand are the
two Asian countries that Sun Life Financial Inc would
be most interested in expanding into, though its priority in the
region is growing within existing markets, its chief executive
said on Thursday.
Sun Life, Canada’s No. 3 life insurer, already operates in
mainland China and Hong Kong, India, Vietnam, Malaysia,
Indonesia, and the Philippines
TORONTO (Reuters) – The man who killed a Canadian soldier and attacked the country’s parliament building last week made a video of himself before hand, evidence he was driven by ideological and political motives, police said on Sunday.
The Royal Canadian Mounted Police said in a statement they were conducting a detailed analysis of the video made by Michael Zehaf-Bibeau and could not release it at this time.
OTTAWA/TORONTO, Oct 10 (Reuters) – Canada added a
significantly more-than-expected 74,100 jobs in September and
the jobless rate fell to a near six-year low of 6.8 percent,
according to data that was met with some skepticism but also
helped boost the currency.
Analysts had forecast a gain of 20,000 positions and said
the jobless rate would remain at 7.0 percent. Unemployment last
hit the 6.8 percent mark in December 2008.