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 …
Read More »RBC hikes dividend 11%, plans share buyback as earnings fall short of expectations
Royal Bank of Canada’s quarterly profit of $3.9-billion was up 20 per cent year over year but down from the third quarterMark Blinch/Reuters Two major Canadian banks have reported higher fourth-quarter profits and large dividend hikes but still failed to meet Bay Street’s expectations, as narrowing profit margins and lower …
Read More »Canada’s annual inflation rate hits 4.4 per cent in September, highest since 2003
A woman fills her vehicle with fuel, in Toronto, on Oct. 19. Evan Buhler/The Canadian Press Canadian inflation surged in September at the fastest pace since 2003 due to higher gas and housing costs, adding fuel to a boisterous debate over how long prices will rise rapidly. The consumer price …
Read More »Tide appoints Sir Donald Brydon as non-executive chairman
Tide, the UK’s leading business banking platform has today1 announced the appointment of Sir Donald Brydon as its new independent Non-Executive Chair. Sir Donald Brydon is Tide’s first independent chair. He brings significant Board experience, including the Chairmanships of leading listed companies such as the Sage Group, the …
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