Banks Hit Record Highs on Strong Q3 Earnings
Royal Bank of Canada and National Bank reported record shares after third quarter results beat expectations. RBC posted a 4.49 billion profit helped by HSBC Canada acquisition, while revenue rose to 14.63 billion and loan loss provisions surprised to the downside. National Bank earned 1.08 billion with revenue of 3.00 billion, both citing diversified earnings and solid credit profiles.
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Royal Bank of Canada
National Bank
RBC
Hsbc Canada
Dave McKay
ABC
Royal
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John Aiken
BMO
Graeme Hepworth
Lseg Data & Analytics
Laurent Ferreira
Scotiabank
Meny Grauman
Markets retreat as Nvidia earnings loom on cautious trading
Canada’s benchmark index slipped while U S markets fell ahead of Nvidia results. Nasdaq dropped 1 1 percent as tech names led losses and the Dow fell 159 points. Investors await Nvidia after the bell and assess potential Fed moves and oil and gold shifts. The loonie traded near 74.23 U S cents as crude oil eased to 74.52 a barrel.
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Canada
U.S
Nvidia
Angelo Kourkafas
Edward Jones
Kourkafas
New York
U.S. Federal Reserve
Bank of Canada
Flair Airlines seeks partners to restart growth ambitions
Flair Airlines aims to bring in Canadian investors to restructure finances and fund expansion beyond its 20 jets. Vice-president Eric Tanner says the search for equity partners is to bolster a stronger balance sheet without an urgent restructuring, noting the carrier remains profitable and reforming post pandemic pressures.
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Flair Airlines
Eric Tanner
Tanner
Lynx Air
WestJet
Swoop
Flair
Stephen Jones
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