National Bank of Canada on Wednesday reported quarterly earnings below analysts' expectations hurt by weakness in its capital markets business and higher bad loan provisions. The smallest of Canada's big six banks is the latest to set aside more funds in case consumers have trouble paying back their loans and mortgages amid central bank interest rate hikes and the rising cost of living. The Montreal-based bank recorded C$111 million in provisions for credit losses versus C$57 million a year earlier.
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commentingTORONTO — When Indigo Books & Music Inc. opens the doors to its forthcoming location in downtown Toronto's Well building this September, shoppers will immediately realize the space is more than a bookstore.
NEW YORK — The Biden administration will propose a new rule Tuesday that would make 3.6 million more U.S. workers eligible for overtime pay, reviving an Obama-era policy effort that was ultimately scuttled in court. The new rule, shared with The Associated Press ahead of the announcement, would require employers to pay overtime to so-called white collar workers who make less than $55,000 a year.
Figure 1 Location of the Lithium Brunswick's Mirage Project claims with Sirios' royalty MONTRÉAL, Aug. 29, 2023 -- The directors of Sirios Resources Inc. congratulate Brunswick Exploration Inc. for their recent discovery of lithium on their Mirage property located in Eeyou Istchee Baie-James.
Laurentian Bank will release its third quarter results for the quarter ended July 31, 2023, on Thursday, August 31, 2023. The results are expected to be released at approximately 6:30 a.m. , followed by a live audio webcast and teleconference call with analysts, investors and media representatives at 9:00 a.m. .Google unveiled a swath of fresh artificial-intelligence technology and partnerships on Tuesday that were geared toward bringing more of the growing technology to large businesses.
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National Bank of Canada’s profit falls on bigger loan-loss provisionsThe bank’s adjusted profit for the three months ended July 31 was $790-million, or $2.21 per share, compared with $826-million, or $2.35 per share, a year earlier
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National Bank of Canada's profit falls on bigger loan loss provisions(Reuters) - National Bank of Canada posted a drop in its third-quarter adjusted profit on Wednesday, as the lender set aside more capital to cover for ...
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Calls grow for a national wildfire service, while Canada battles worst wildfire seasonBut Ottawa is saying no to a federal agency and Premier Eby is eying setting up local wildfire volunteer groups
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John Herdman departing Canada's men's national team for Toronto FCCanada Soccer has confirmed that John Herdman is leaving Canada's men's national team effective immediately to join Toronto FC.
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While Canada battles worst wildfire season, calls grow for a national wildfire serviceBut Ottawa is saying no to a federal agency and Premier Eby is eying setting up local wildfire volunteer groups
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Herdman departs Canada's men's national team for Toronto FCJohn Herdman is leaving Canada's men's national team effective immediately to take over as head coach of Toronto FC. The 48-year-old will support Canada Soccer with the transition of his current role and assume coaching responsibilities in Toronto on October 1.
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