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National Business
National Business
RBC reports Q2 profit down as loan-loss provisions rise, raises quarterly dividend
TORONTO — Royal Bank of Canada raised its dividend as it reported its second-quarter profit fell compared with a year ago and the amount of money it set aside for bad loans rose. The bank says it will now pay a quarterly dividend of $1.
May 25, 2023 5:02 AM
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CIBC reports $1.69B second-quarter profit, raises dividend
TORONTO — CIBC raised its quarterly dividend as it reported a second-quarter profit of $1.69 billion. The bank said Thursday it will now pay a quarterly dividend of 87 cents per share, up from 85 cents.
May 25, 2023 4:56 AM
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Hong Kong-flagged vessel briefly runs aground in Egypt's vital Suez Canal, later refloated
CAIRO (AP) — A Hong Kong-flagged ship briefly ran aground Thursday in Egypt's vital Suez Canal, though authorities said they were able to refloat it after it momentarily disrupted the waterway.
May 24, 2023 11:45 PM
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A's, Nevada leaders reach tentative ballpark agreement
CARSON CITY, Nev. (AP) — Republican Nevada Gov.
May 24, 2023 7:51 PM
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U.S. will not default, but Republicans won't be to blame if it does, McCarthy says
WASHINGTON — The United States won't go into default on its debt, House Speaker Kevin McCarthy predicted Wednesday — but the highest-ranking Republican on Capitol Hill also said it won't be his fault if it does.
May 24, 2023 3:28 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,927.69, down 218.32): Manulife Financial Corp. (TSX:MFC). Finance. Down 57 cents, or 2.23 per cent, to $25.02 on 12.
May 24, 2023 1:46 PM
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S&P/TSX composite down more than 200 points, U.S. stock markets also lower
TORONTO — Canada's main stock index was down more than 200 points Wednesday, with financials, metals and industrials leading the decline, while U.S. stock markets also retreated as debates over the country's debt ceiling remained unresolved.
May 24, 2023 1:31 PM
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BMO and Scotiabank report slowing growth, credit provisions put pressure on earnings
TORONTO — Weakening economic conditions weighed on Canadian banks as they began to report second quarter results Wednesday.
May 24, 2023 1:10 PM
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AI guru Yoshua Bengio says regulation too slow, warns of 'existential' threats
MONTREAL — Artificial intelligence pioneer Yoshua Bengio says regulation in Canada is on the right path, but progress is far too sluggish.
May 24, 2023 1:02 PM
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A June pause in rate hikes would be a close call for Fed officials, minutes of last meeting show
WASHINGTON (AP) — Federal Reserve officials were divided earlier this month on whether to pause their interest rate hikes at their upcoming meeting in June, according to the minutes of their May 2-3 meeting released Wednesday.
May 24, 2023 12:32 PM
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