RBC profit misses forecasts, challenging economic outlook prompts loan-loss buffer

RBC profit misses forecasts, challenging economic outlook prompts loan-loss buffer

Royal Bank of Canada’s third-quarter profit fell 17 per cent as the bank earmarked provisions against possible loan defaults, adopting a more cautious stance against a challenging economic outlook. RBC RY-T earned $3.58-billion, or $2.51 per share, in the three months that ended July 31. That compared with $4.3-billion, or $2.97 per share, in the … Read more

Investors refuse to accept higher rates are here to stay – and that’s a problem for financial markets

Investors refuse to accept higher rates are here to stay – and that’s a problem for financial markets

Traders work on the floor at the New York Stock Exchange in New York, on Aug. 10.Seth Wenig/The Associated Press With interest rates rising, and rapidly so, the driving force that dictated decision making in financial markets for the past fifteen years is dying out. In a flash, disoriented investors have been exposed to a … Read more

Premarket: Stocks extend bear market bounce as inflation angst eases

Premarket: Stocks extend bear market bounce as inflation angst eases

Tokyo pedestrians wearing protective masks are reflected on an electronic board displaying various company’s stock prices in this file photo.Kim Kyung Hoon/Reuters World shares extended their bounce on Monday, building on Friday’s strong Wall Street close as off-peak oil prices helped sentiment improve and temper fears of prolonged inflation. Strong morning gains in Europe and … Read more

Before the Bell: What every Canadian investor needs to know today

Before the Bell: What every Canadian investor needs to know today

Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today. Equities Wall Street futures fell in a choppy premarket period as nervousness over the path of interest rate hikes and the impact on the economy continues to dominate … Read more

Why this money manager is sticking with energy and tech stocks despite the market drop

Why this money manager is sticking with energy and tech stocks despite the market drop

Wes Ashton is a portfolio manager who oversees about $600-million in assets.The Globe and Mail Investors tend to have short-term memories when it comes to market swings, leading them to make mistakes that can hurt their portfolios over the long term, says money manager Wes Ashton. “What investors, unfortunately, have forgotten is that volatility is … Read more

Should Milo and Maeve take out a reverse mortgage on their house?

Should Milo and Maeve take out a reverse mortgage on their house?

Ash Nayler/The Globe and Mail In their 60s with their house their main asset, Milo and Maeve are finding it tough to get by on government benefits alone. Maeve is age 66, Milo 69. They both earn a little extra working part-time. “There is about $410,000 in equity in our home, but we are low … Read more

What every Canadian investor needs to know today

What every Canadian investor needs to know today

Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today. Equities Canada’s main stock index fell in early trading Tuesday on shaky global sentiment and weakness in tech shares. On Wall Street, key indexes also started lower after … Read more

Tuesday’s analyst upgrades and downgrades

Tuesday’s analyst upgrades and downgrades

Inside the Market’s roundup of some of today’s key analyst actions Scotia Capital analyst George Doumet thinks the Street is not giving “reasonable value” to the expanding Investment Management business of Colliers International Group Inc. (CIGI-Q, CIGI-T), which he believes is “big enough at this point.” In a research note released Tuesday, he said investors … Read more