Royal Bank of Canada has reported record net income of $7.5 billion for the year ended October 31, 2012, up $1.1 billion or 17% from the prior year.
Market activity should slow dramatically as Americans will spend most of Thursday watching NFL football and eating turkey.
Total income for Q3 came to $3,219 million, a decrease of $507 million or 13.6% from the same period of 2011.
Standard Life Financial saw its premiums and deposits reach $1.6 billion in the third quarter of 2012.
European and U.S. corporate earnings are clearly in a down trend.
When investors overreact, they create volatility, says Colum McKinley, manager of the Renaissance Canadian Core Value Fund. But that might not be a bad thing.
Thirty-five of the S&P 500 companies have reported third quarter results so far.
This week will bring employment data, and hopefully, it'll be good news.
The majority (77%) of privately held companies predict business will improve over the next year, despite poor economic performance worldwide.
Though Canadian banks outperformed in Q3 2012, they’ll face major headwinds going forward, says a new report by Fitch Ratings.