Royal Bank of Canada, TD Bank profit beats view, powered by loan growth

(Reuters) – Royal Bank of Canada and Toronto-Dominion Bank beat analysts’ estimates for quarterly profits on Thursday, as strong loan growth bolstered their retail banking businesses and interest income. Higher interest rates in Canada and the United States also gave a boost to net interest margins at Canada’s two biggest banks, as they earned more from loans than they paid […]

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Breakingviews – Breakdown: Europe’s least irrelevant election

LONDON (Reuters Breakingviews) – The European Parliament is limbering up for its least irrelevant election. Voters in the European Union – which still includes the United Kingdom – started heading to the polls on Thursday in the latest iteration of continent-wide democracy. French President Emmanuel Macron says it’s the most important election since 1979, when the representatives who shuttle between […]

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American drivers could spend millions more at the pump this summer

How high will gas prices go this summer? GasBuddy Head of Petroleum Analysis Patrick DeHaan on the outlook for gas prices. While gas prices may be trending slightly lower ahead of the busy holiday travel weekend, experts predict this summer will be even more painful at the pump than last. Continue Reading Below “I expect Americans to spend nearly $107.93 billion […]

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Nenshi pitches Calgary as an opportunity hub to Toronto tech conference

Calgary Mayor Naheed Nenshi and 100 people from the city’s tech sector are in Toronto this week, making their pitch at the Collision Conference. Nenshi is using Calgary’s talented workforce, readily available and affordable office space, and low cost of living as selling points at the conference, during which he hopes the city can attract new and upcoming tech startups. […]

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UPDATE 1-Foreign purchases of U.S. 10-year notes increased in May

(Adds background) NEW YORK, May 22 (Reuters) – Foreigners increased their purchases of U.S. 10-year Treasury notes in early May in a lacklustre auction that had stoked speculation China was cutting back on buying in retaliation for the threat of sharply higher U.S. tariffs on Chinese goods. China, which is the largest foreign holder of U.S. government debt, had $1.121 […]

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Okanagan concrete company lands contract for LNG megaproject in Kitimat

An Okanagan company will soon be hiring more employees after landing a major contract with LNG Canada. On Wednesday, SK Form and Finish announced that it will help pour approximately 210,000 feet of concrete at a massive liquified natural gas (LNG) construction site in Kitimat. The work will be done in partnership with another company, Bird-Atco Joint Venture. According to […]

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Why is the market forecasting a Fed rate cut this year?

Increased market volatility ahead over China trade uncertainties? E-Valuator Funds CIO Kevin Miller on Home Depot’s first-quarter results and the impact of U.S.-China trade tensions and the Federal Reserve on the markets. The Federal Reserve may have laid out its reasoning for leaving interest rates unchanged during its meeting earlier this month, but traders are increasingly betting on policymakers at […]

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