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Chronicle Journal in Thunder Bay, Ontario

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Chronicle Journal

Location

Thunder Bay, Ontario, Canada

Date

Aug 29, 2024

Page

9

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.

Royal Bank of Canada National Bank RBC Hsbc Canada Dave McKay ABC Royal Jeffries 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.

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.

Flair Airlines Eric Tanner Tanner Lynx Air WestJet Swoop Flair Stephen Jones

Also Mentioned on This Page

Deat Toronto Stock Exchange Quebec McKay the Canadian Press E. Frederica St Thunder Bay Westfortfoods.com Marijuana Palace Honda Goremotors.com Waal Els Ontario
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