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CM News30 articles
TD Bank Trails TSX Despite $44B Rally Since April
TD Bank shares advanced in Toronto but trailed the broader TSX, which was lifted by metals stocks. The bank has added roughly C$44 billion in market value since its last quarter-end.
Scotiabank's Dividend Yield Premium Holds Ahead of Ex-Dividend Date
Scotiabank stock closed at C$122.39, yielding 3.73%—109 bps above the peer median—as it prepares to go ex-dividend on July 7 with a C$1.14 quarterly payout.
RBC Shares Dip as OSFI Reduces Capital Buffer for Big Banks
Royal Bank of Canada shares slipped 0.36% as OSFI reduced the Domestic Stability Buffer to 3.0%, freeing capital for lending but not immediately boosting earnings.
TD Bank Hits 52-Week High After OSFI Cuts Capital Buffer
TD Bank shares hit a 52-week high after Canada's OSFI lowered the Domestic Stability Buffer to 3.0%, freeing up capital for lending. The stock rose 0.44% to C$169.38, but U.S. anti-money-laundering issues remain a key risk.
RBC Shares Surge to 52-Week High Amid Mixed Toronto Market
RBC shares hit a 52-week high of C$277.09, closing up 1.24% at C$276.01, after Q2 net income of C$5.5 billion beat estimates, as the TSX slipped 0.2%.
TSX Advances as Tech and Gold Rally Mask Economic Weakness
Canada's S&P/TSX Composite gained 0.7% on Friday, closing May up 2.4% and near record highs, driven by tech and gold stocks despite weak GDP data.
CIBC Stock Dips Despite Strong Earnings and Caribbean Asset Sale
CIBC shares fell 5.5% despite beating Q2 profit estimates and announcing the sale of its Caribbean unit for about $1.6 billion.
Butterfield Acquires CIBC Caribbean for $1.8B, Reshaping Regional Banking
Butterfield acquires CIBC's majority stake in CIBC Caribbean for $1.8B, adding 41 branches across 10 countries and boosting assets to $29B. CIBC sharpens North American focus.
RBC Shares Rise Ahead of Q2 Earnings Amid Analyst Divergence
RBC shares rose 1.46% to C$261.09 ahead of its May 28 fiscal Q2 earnings report, with analysts split on the bank's outlook.
Mortgage Rates Inch Lower, Affordability Squeeze Persists for Spring Buyers
U.S. mortgage rates edged down slightly, with the 30-year fixed average at 6.43%. However, purchase applications declined and the median monthly payment rose, highlighting ongoing affordability challenges.
TSX Set for Lower Open as Oil Spike Sparks Inflation, Recession Fears
Canada's main stock index is poised for a lower open Monday, with futures down 0.92%, after a surge in oil prices to multi-year highs intensified inflation and recession concerns, pressuring financial and mining sectors.
RBC Shares Gain Ahead of Earnings as Investors Eye Bank of Canada Policy
Royal Bank of Canada stock advanced 0.7% Friday, with investors focused on upcoming quarterly results and uncertain central bank rate outlook.
RBC Shares Near C$233 as Investors Eye Q1 Earnings After Mixed Jobs Data
Royal Bank of Canada stock closed at C$232.72, trailing peers as markets rallied. January jobs showed a loss of 24,800 positions but unemployment fell to 6.5%.
WELL Health Rises After Acquiring Canadian Clinics at Attractive Multiple
WELL Health Technologies shares rose 3.1% after buying two Canadian clinics at a price lower than its own public valuation.
Canadian Natural Resources Trails TSX as Buyback Efficiency Improves
Canadian Natural Resources (CNQ) gained 0.8% to C$56.67, underperforming the TSX, as its discounted share price boosts buyback efficiency.
Air Canada Stock Nears 52-Week High Amid CEO Speculation and Low Volume
Air Canada shares traded near a 52-week high on low volume, as a report names a potential CEO successor. The stock sits above the average analyst target.
American Airlines Shares Near 52-Week Peak as July 4 Holiday Approaches
American Airlines (AAL) ended Thursday at $17.92, just off its 52-week high of $18.79, as heavy volume of 577.12 million shares traded ahead of the Independence Day holiday.
Mexican Peso Rises on Soft US Jobs Data; USMCA Auto Talks Loom
Mexican peso strengthened to 17.47 per dollar after weak US payrolls data, but USMCA auto rule negotiations pose future risk.
American Airlines Hits New High on Robust Holiday Travel Forecast
American Airlines stock hit a 52-week high on Wednesday, buoyed by a strong holiday travel forecast and analyst upgrades citing solid demand and lower fuel costs.
Hims & Hers Shares Surge on Canaccord Upgrade Amid GLP-1 Shift
Hims & Hers shares climbed 9.5% to $37.97 after Canaccord Genuity raised its target to $40, reflecting a 25% bump. The company's GLP-1 strategy and Medicare's new Bridge program are reshaping the weight-loss drug market.
American Airlines Rises as Jet Fuel Costs Plunge Below Forecast
American Airlines shares climbed premarket as jet fuel prices fell to $2.86/gallon, significantly undercutting the airline's Q2 forecast of $4.00/gallon.
Nova Scotia Gas Prices Climb Ahead of Canada Day; Diesel Holds Steady
Nova Scotia gasoline prices increased 3.6 cents per litre this week, while diesel stayed flat. The regulator removed a negative adjustment, lifting gasoline, but diesel remained unchanged.
Intel Stock Surges Past Analyst Targets Following Cantor Upgrade
Intel shares climbed 2.65% to $131.72, beating the Nasdaq, after Cantor raised its target to $150. The stock remains below its 52-week high amid cautious analyst ratings.
American Airlines stock surpasses analyst target as jet fuel costs slide
American Airlines stock climbed to $17.92, exceeding its average analyst target, as falling jet fuel prices provide a tailwind. The airline's fuel sensitivity means every $1/gallon change impacts annual costs by $4.5 billion.
American Airlines Rises on Fuel Cost Relief and Strong Holiday Travel Demand
AAL shares rise 1.8% as Brent crude plunges 22% in June, easing fuel costs ahead of a record July 4 travel period, though debt and capacity concerns linger.
Pfizer Rebounds After Cancer Setback, Dividend Sustainability in Spotlight
Pfizer shares bounced 2.6% Friday after six straight declines, as investors weighed a dividend payout against a failed lung cancer study, an FDA win for Ibrance, and a pending CFO change.
American Airlines Soars on Jet Fuel Price Drop Ahead of Q2 Data
American Airlines shares jumped 11.8% last week as jet fuel prices dropped to $2.80/gallon, far below the company's Q2 planning assumption of $4.00, raising optimism for a stronger earnings report.
Can-Fite BioPharma Surges on Japanese Patent Grant for Obesity Drug
Can-Fite BioPharma shares surged 17% premarket after Japan allowed a patent for Namodenoson in obesity, but the company's $6.61M market cap remains near the NYSE American delisting threshold.
American Airlines Surges Past Analyst Targets as Fuel Costs Ease
American Airlines (AAL) surged past analyst targets as falling fuel prices could boost EPS by up to 50%, but the market has already priced in much of the benefit.
American Airlines Stock Soars 8% as Fuel Costs Drop Below Key Assumptions
American Airlines stock jumped 8% after jet fuel prices dropped to $2.83/gallon, far below its $4 guidance assumption, implying $1.25 billion in quarterly pretax savings.