Mon, December 2, 2024
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Canadian banks to show mixed Q4 earnings as mortgage renewals, rate cuts loom
[ Mon, Dec 02nd 2024 ]: Bill Williamson
How to get a PAN card digitally on your email? A step-by-step guide
[ Mon, Dec 02nd 2024 ]: Bill Williamson
SBI to Open 500 New Branches in FY25 | Latest News
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Prosus' potential India IPOs: Meesho, BlueStone, PayU and Urban Company
[ Mon, Dec 02nd 2024 ]: Bill Williamson
'Cost of health, life insurance...': Nirmala Sitharaman shares crucial update on GST in Parliament
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Stupid Good BBQ opens in Springfield this week (why it's called that)
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Major update on 'new' currency for South Africa, China and India
[ Mon, Dec 02nd 2024 ]: Bill Williamson
PM explores airport management partnership with Egyptian-French consortium
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Aberdeen and Watertown Monuments' company headquarters in Minnesota expands
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Centre Scraps Windfall Profit Tax On Crude Oil, Petrol, Diesel Exports
[ Mon, Dec 02nd 2024 ]: Bill Williamson
India's GDP misses expectations, but experts see limited market fallout
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Best Unsecured Personal Loans of 2024: Reviews, Fees, & Comparisons
[ Mon, Dec 02nd 2024 ]: Bill Williamson
The best business credit cards of December 2024
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Kenya Pays Over KSh 965.9m in Stipends, Arrears to More than 3,000 Medical Interns
[ Mon, Dec 02nd 2024 ]: Bill Williamson
BRICS, De-Dollarization, and the US Trade War: What's at Stake?
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Kuwait's Investment Landscape and Financial Resilience Explored at Exclusive Event
[ Mon, Dec 02nd 2024 ]: Bill Williamson
SG Enable, Zero Project host first Apac symposium on inclusive hiring and workplaces
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Digital Agriculture Mission: Centre asks states to make farmer IDs faster
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Traders' Diary: Lemon Tree, DMart, Cochin Shipyar .. over a dozen scrips on analysts' watchlists today
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Delhi HC to hear plea by BJP MLAs seeking CAG reports in Assembly
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Gold loans from banks surge, other personal loans see moderate rise
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Budget could wipe out 125,000 jobs in family businesses
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Australia's central bank says risks from non-bank lenders limited
[ Mon, Dec 02nd 2024 ]: Bill Williamson
NSE Indices launches Nifty India Railways PSU Index
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Financial and community hurdles slow geothermal energy development in Southeast Asia
[ Mon, Dec 02nd 2024 ]: Bill Williamson
China's 10-Year yield sinks to record low on bets that PBOC will ease
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Naspers' half-year profit nearly doubles on strong e-commerce and Tencent performance
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Why RBL Bank shares hit 52-week low, Bajaj Fin slip 1% in today's trade?
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Sales of homes above Rs 4 cr surge 38%, driven by Delhi-NCR and Mumbai
[ Mon, Dec 02nd 2024 ]: Bill Williamson
ASB cuts fixed mortgage rates, and term deposit r .. ember push for precious housing sale transactions
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Post-COVID life and China's tough economy pushes .. embrace 'wearability' and a more casual consumer
[ Mon, Dec 02nd 2024 ]: Bill Williamson
RBL Bank shares sink as partnership on co-branded credit cards with Bajaj Finance ends
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Finance capital increases its domination of healthcare
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Singapore cenbank fines JPMorgan $1.8 mln over misconduct by relationship managers
Sun, December 1, 2024
[ Sun, Dec 01st 2024 ]: Bill Williamson
Cenbank extends usance term for capital machinery imports
[ Sun, Dec 01st 2024 ]: Bill Williamson
Joe Biden begins long-awaited Africa trip to secure win against China
[ Sun, Dec 01st 2024 ]: Bill Williamson
KKR Real Estate Finance: Look For Further Yield Compression On The Preferreds
[ Sun, Dec 01st 2024 ]: Bill Williamson
Budget 2025: S'poreans can share their views from Dec 2 to Jan 12
[ Sun, Dec 01st 2024 ]: Bill Williamson
Hasina's allies have properties worth Tk 6,000cr in UK
[ Sun, Dec 01st 2024 ]: Bill Williamson
Bank lands in hot water over apparently hypocritical business practices: 'It's indefensible'
[ Sun, Dec 01st 2024 ]: Bill Williamson
XRP Tops $100B Market Cap, Reaches 2018 Levels, as Ripple's RLUSD Close to Approval
[ Sun, Dec 01st 2024 ]: Bill Williamson
Budget 2025: Singaporeans can share their views from Dec 2 to Jan 12
[ Sun, Dec 01st 2024 ]: Bill Williamson
Profit From The Past: Lessons from history for investing in cyclical stocks
[ Sun, Dec 01st 2024 ]: Bill Williamson
Trump names two of his in-laws, one Jewish and one Arab, to key diplomatic roles
[ Sun, Dec 01st 2024 ]: Bill Williamson
Over a year on, how is Capital Brief going?
[ Sun, Dec 01st 2024 ]: Bill Williamson
Tencent-backed WeDoctor revives Hong Kong IPO plan, sources say
[ Sun, Dec 01st 2024 ]: Bill Williamson
Major Adani investor GQG shares fall 13% after analyst downgrade
[ Sun, Dec 01st 2024 ]: Bill Williamson
Australia news LIVE: House values tumble as econo .. uggles; Michael Rowland leaves ABC News Breakfast

Canadian banks to show mixed Q4 earnings as mortgage renewals, rate cuts loom

Four out of Canada's six largest banks are expected to show a rise in earnings for the fourth quarter as Bay Street turns its focus to the lenders' forecasts for the new year amid interest rate cuts,
The article from Reuters discusses the mixed fourth-quarter earnings reported by major Canadian banks, highlighting the challenges and expectations surrounding mortgage renewals and potential interest rate cuts in 2024. Royal Bank of Canada (RBC) and Toronto-Dominion Bank (TD) reported earnings that beat expectations, with RBC benefiting from a strong performance in its capital markets division, while TD faced a significant charge related to a lawsuit. Conversely, Bank of Nova Scotia and Bank of Montreal (BMO) fell short of profit forecasts, with Scotiacotta dealing with higher loan loss provisions and BMO experiencing a drop in net interest margins. The looming mortgage renewals at higher rates are expected to strain borrowers, potentially leading to increased defaults, but there's optimism that anticipated rate cuts could alleviate some pressure. Analysts suggest that banks might need to increase provisions for credit losses due to economic uncertainties, yet the sector remains robust with banks well-capitalized to handle potential downturns.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/canadian-banks-show-mixed-q4-earnings-mortgage-renewals-rate-cuts-loom-2024-12-02/ ]