Category : Banking Finance


Wall Street Analysts Skeptical After Two-Month Rally

Wall Street analysts are cutting ratings on S&P 500 companies faster than raising them, signaling caution despite record highs. The rally, driven by AI and peace hopes, shows narrow participation and subdued euphoria.

OSC Reappoints Three Directors to Board

The Ontario Securities Commission announces the reappointment of Kelley McKinnon, Steven Wolff, and Patricia Olasker to its Board of Directors, effective May 14, 2026.

Automatic Tax Filing Falls Short: Expert

Kim Moody critiques Canada's automatic tax filing plan, calling it a start but insufficient without comprehensive tax reform. The plan targets non-filers but has flaws.

Peel Police Seek Suspects in Prolific Fuel Fraud

Peel Regional Police are searching for multiple suspects linked to a prolific fuel fraud scheme targeting commercial trucks at Brampton gas stations, resulting in significant financial losses.

RBC Q2 Profit Up 25%, Raises Dividend

Royal Bank of Canada reports a 25% increase in Q2 profit compared to last year, prompting a dividend hike. The bank's strong performance reflects robust earnings growth.

Scotiabank Tops Earnings, Raises Dividend

Scotiabank reported Q2 earnings above expectations, driven by capital markets and wealth management. Net income rose 28% to $2.65B, and the dividend was increased to $1.14 per share.

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