Before facing the winter temperature, double-check the business hours since they may have changed. If you need to know the Christmas post office hours, here are all the details: Given that hours of operation might vary from branch to branch, using the Branch Finder tool is recommended. Due to a …
Read More »Banks brace for slowdown as profits come under pressure
Two major Canadian banks are once again building reserves to guard against loan defaults as uncertainty mounts about the prospects of an economic downturn, with Royal Bank of Canada CEO Dave McKay warning that “the end of an economic cycle” is getting nearer. RBC’s RY-T third-quarter profit fell 17 per …
Read More »RBC CEO says employees should be in the office more often
RBC chief executive Dave McKay speaks at the Royal Bank of Canada annual meeting in Toronto on April 6, 2017.Frank Gunn/The Canadian Press The chief executive of Canada’s largest bank is urging employees to return to the office more frequently, and is saying the bank must become more deliberate about …
Read More »How buying Royal Bank stock taught this investor the value of patience
In My First Stock, we talk to Canadians about the first stock they owned and how the experience shaped how they invest today. Shawn Matthews, semi-retired security analyst and do-it-yourself investor from Waterloo, Ont. First stock: Royal Bank of Canada My father opened a joint investment account with me in …
Read More »RBC hikes dividend, posts profit gain as COVID-19 risks recede
Royal Bank of Canada RY-T reported higher second-quarter profit and raised its quarterly dividend as the bank sees risks related to the COVID-19 pandemic receding, which allowed it to claw back hundreds of millions of dollars in loan loss provisions. RBC is the fourth major bank to report earnings for …
Read More »RBC to hike pay 3 per cent for lower-paid employees as fight for talent intensifies
Royal Bank of Canada RY-T is raising base pay by 3 per cent for its lower-paid employees as part of a $200-million spending package that aims to fend off fierce competition for talent by improving salaries and benefits. The unusual increase takes effect on July 1, and applies to all …
Read More »RBC and CIBC join banking group helping to finance Elon Musk’s bid for Twitter
Royal Bank of Canada and Canadian Imperial Bank of Commerce are lining up behind Elon Musk’s US$44-billion takeover of Twitter Inc., with the two Canadian banks putting US$1.15-billion into the lowest-risk loan to the Tesla Inc. chief executive officer. Mr. Musk announced a deal to buy social-media platform Twitter on …
Read More »Bank warns over impersonation fraud as cases soar by 300%
A bank has warned people to be on the alert for scammers as cases of impersonation fraud surge. TSB said the average victim of impersonation fraud loses £4,000, with household names like Royal Mail, Amazon and BT being used to lure unsuspecting people into sending money to scammers. Paul Davis, …
Read More »Do Royal Mail deliver on Good Friday and Bank Holiday Monday?
14 April 2022, 12:21 Here’s how the Royal Mail delivery times are affected by the Easter weekend. Picture: Getty Here’s how the Easter weekend affects postal services from the Royal Mail and Post Office, including collections and delivering. With a four-day weekend for Easter 2022 to enjoy there also comes …
Read More »Royal Bank CEO calls for ‘orderly’ climate transition amid criticism
Wet’suwet’en Chiefs Namoks, left, Madeek, centre, and Gisdywa traveled to confront and protest Royal Bank of Canada’s funding of Coastal GasLink pipeline and other fossil fuel investments in Toronto on April 7.Nathan Denette/The Canadian Press An ambitious climate plan to cut emissions and sell cleaner energy to the world “could …
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