Doom and gloom forecast an investment scene
Vic Parsons reports that in the 1980s profits have fallen across industries in the second half of 1981 boosting concerns over investment. Economists warn that shrinking profits threaten projects meant to ease the downturn.
MENTIONED IN THIS ARTICLE
Dicine Hat
Bankers expect profits to rise later in year
In 1981 nine chartered banks posted a 37.6 percent profit rise to 1.716 billion with ROA falling to 50 cents in Q4 as rates dropped. Analysts foresee a weak first quarter of 1982 but anticipate a 5 to 15 percent earnings rebound in the second half, driven by slower expenses and rate spreads.
MENTIONED IN THIS ARTICLE
Toronto
Canadian Bankers’ Association
Bankers’ Association
Association
Steven Kressler
Merrill Lynch Royal Securities Ltd
J.B. Cheyne
Winnipeg
Richardson Securities of Canada
Imperial Bank of Commerce
Canada
Royal Bank of Canada
Toronto-Dominion
Bank profits rise while Canada faces investment slowdown
A Conference Board of Canada survey shows executives pessimistic about now being a good time to invest as profits slide. Statistics Canada reports a 14 percent drop in third quarter 1981 profits. industry expects further declines into late 1982. Bank of Montreal and Royal Bank economists note slower growth and the need for internal financing to fuel 1980s growth.
MENTIONED IN THIS ARTICLE
Conference Board of Canada
Statistics Canada
Thibault
William Mackness
E.P. Neufeld
Royal Bank of Canada
Vancouver Stocks Mixed in Early Trade from Readable Listings
Canadian exchange pages show prices, highs and lows for many tickers with numerous abbreviations. Traders monitor Chye Resource Abella Aero Amark Andex Arizona Artsian Atlante Avino Azure Banbry Banner Bar Brandy Brent Cabre Calif sio Cdn long and other names as markets open today.
MENTIONED IN THIS ARTICLE
Aaron
Abella
Action
Aero
Bae Agassiz
Amark
Amea
Flint
Pyd
Amore
Anchor
Andarx
Andex
Anglo Bo
Appain
Aredia
Arizona
Artsian
Atlante
Avino
Ayerok
Azure
Banbry
Banner
Brent
Canalta
Canbec
Caneco
Caulfld Champ Charlin Chariot Cheven
Ala
Market snapshot shows mixed trends across sectors
Pemberton Securities notes the TSE composite at 1940.5 noon EST, down 13.6. Metals and Oil and Gas tilt lower while Golds rise. Pipelines and Real Estate fall sharply. Dow Jones and US dollar values are listed with precious metals at $417 and $8.70 respectively.
MENTIONED IN THIS ARTICLE
Pemberton Securities Ltd
Medicine Hat
U.S
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