Tag Archives: cent

Real estate firm Royal LePage is forecasting the aggregate price of a home in Canada will increase seven per cent in the final quarter of 2023 compared with the same period last year, downgrading its previous outlook of 8.5 per cent. The decrease reflects a sluggish third quarter in which …

Open this photo in gallery: The Royal York Hotel is making strides to becoming a net zero, carbon neutral building. ‘There’s no question that the Royal York is deeply embedded in the heart of the community,’ says general manager Edwin Frizzell. ‘Net zero is part of our effort to position …

Open this photo in gallery: A sign for Royal Bank is seen in Toronto in this file photo.CARLOS OSORIO/Reuters Royal Bank of Canada RY-T reported a drop second-quarter profit and missed analysts’ estimates as a worsening economic outlook drives lenders to set aside more money for loans that could turn …

Open this photo in gallery: The exterior of the Royal Canadian Mint in Winnipeg on July 15, 2005.MARIANNE HELM/The Canadian Press U.S. regulators are suing a California company, its chief executive officer and two of its former employees, alleging they participated in a fraudulent scheme to convince customers to cash …

A FedEx worker makes a delivery on Sept. 16, in Miami Beach, Fla.Joe Raedle/Getty Images After FedEx Corp. FDX-N reported weak preliminary financial results and warned of a recession, the stock market shuddered, highlighting the importance many investors attribute to the global delivery giant. FedEx’s share price fell 21.4 per …

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 …

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 …

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 …

Royal LePage is cutting its expectations for the growth in home prices this year after it says prices in the second quarter fell compared with the first three months of the year. The real estate brokerage says it now expects the aggregate price of a home in Canada in the …

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 …