North American stocks rise on December start led by bases metals
Canada’s S P/TSX index gains 216.58 points to 20452.87 as December opens with strength across base metals, industrials and telecoms while US indices rise. Madden cites November rally and bond market strength. Bank earnings mixed with higher dividends offset by rising credit losses. Canadian dollar at 74.04 US cents.
MENTIONED IN THIS ARTICLE
Toronto
Canada
U.S
Brian Madden
First Avenue Investment Counsel
Madden
New York
Bank of Canada
U.S. Federal
National Bank
Bank of Montreal
BMO Financial Group
Canadian banks trim staff and boost loan loss provisions
Canadian banks report slower growth and higher loan loss provisions as they trim head counts and set aside more money for bad loans in the latest quarter. Executives say cost control and diversified earnings support resilience amid slower growth and potential tough times ahead.
MENTIONED IN THIS ARTICLE
Toronto
BMO
Piyush Agrawal
TD Bank
Scotiabank
ABC
CIBC
National Bank
Marie Chantal Gingras
RBC
Scott Thomson
Laurent Ferreira
Michigan approves 500 million plan to tunnel Line 5
Michigan regulators vote 2-0 to back a tunnel under the Straits of Mackinac to encase a six kilometer portion of Enbridge Line 5. The plan awaits Army Corps of Engineers approval with a final decision possible in 2026.
MENTIONED IN THIS ARTICLE
Michigan
Great Lakes
Public Service Commission
Straits of Mackinac
Alessandra Carreon
Dan
Scripps
U.S. Army Corps of Engineers
Enbridge Energy
Superior
Wisconsin
Sarnia
Ohio
Enbridge
Kalamazoo River
Rick Snyder
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THE
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S. Cumberland Street
Coleslaw
BY Todd Richmond
Associated Press
Business TV
CNBL
CNN
CPAC
Exotic Eats
Seattle
Wash
Ramy
CNN Newsroom
Jim Acosta
Brooklyn
N.Y
McMillion
Agent Mathews
Amy Murray
Cbc
ABA Dental Clinic
Thunder Bay
Memorial Ave
Harbour Expressway
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