- Bloomberg
RBC Shares Rise Most in Four Years on ‘Best in Show’ Quarter
(Bloomberg) -- Royal Bank of Canada beat analysts’ estimates on strong performance from its capital-markets business and lower-than-expected provisions for potential loan losses. The shares surged 5.2%, the most since 2020. Most Read from BloombergDonald Trump Becomes First Former US President Guilty of CrimesSouth Africa Election Results With 29% Voting Districts InWall Street Billionaires Are Rushing to Back Trump, Verdict Be DamnedTrump Is Guilty on All Counts in Hush-Money Case. Now What?Wor
- Bloomberg
HSBC’s Deal With RBC Upends Canada’s Foreign Investment Data
(Bloomberg) -- Royal Bank of Canada’s landmark deal to acquire HSBC Holdings Plc’s Canadian division led to the country’s first decrease in foreign direct investment in 14 years.Most Read from BloombergDonald Trump Becomes First Former US President Guilty of CrimesSouth Africa Election Results With 29% Voting Districts InWorld’s Largest Nuclear Plant Sits Idle While Energy Needs SoarTrump Is Guilty on All Counts in Hush-Money Case. Now What?Insurers Sink as UnitedHealth Sees ‘Disturbance’ in Med
- Bloomberg
TD, RBC Data Point to Slowing Household Spending in Canada
(Bloomberg) -- Consumer spending in Canada has continued to show signs of weakness over the past two months, according to fresh data from the country’s two largest banks.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindBiden Accuses China of ‘Cheating’ on Trade, Imposes New TariffsFlood of China Used Cooking Oil Spurs Call to Hike US LeviesHow One of the World's Oldest Hedge Funds Went BankruptMacron Puts French Banks in Play With Plan to Transform EuropeToront
