Shares of the Royal Bank of Canada—the country’s largest bank by market cap—plunged from around $109 at the start of the COVID-19 pandemic in March 2020, to a low around $72. After that, it reversed course and climbed to a recent peak near $150. That… Read More

The shares of Canada’s big five banks have moved down recently, mainly due to fears that a slowing economy and rising interest rates will cut demand for new loans. However, each of the five continue to lower their costs and expand outside of Canada. That… Read More

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Cannabis-Connected

Although fear of repercussions in the United States previously made Canada’s big banks reluctant to help the cannabis industry, this bank is now the third to offer its services. 

It will begin by giving cannabis firms advice on selling stock, and will… Read More

BANK OF MONTREAL, $92.71, Toronto symbol BMO,will raise its quarterly dividend by 4.2% starting with the February 2019 payment. Investors will then receive $1.00 a share, up from $0.96. The new annual rate of $4.00 yields a high 4.3%.

The bank also reported better-than-expected earnings this… Read More

BANK OF NOVA SCOTIA, $72.30, Toronto symbol BNS, has completed several acquisitions in the past few months. They include buying 68.19% of BBVA Chile for $2.2 billion U.S. BBVA is the South American country’s sixth-largest bank.

In May 2018, it paid $950 million in stock for… Read More

Royal Bank’s shares have gained 35% since the bank’s 2015 acquisition of California-based City National Bank. Thanks to that purchase, Royal is now the 7th-largest full-service wealth management firm in the U.S.
City National also gives the bank a strong platform to further expand its U.S…. Read More

BANK OF NOVA SCOTIA, $75.53, Toronto symbol BNS, will increase its quarterly dividend by 3.7%. Starting with the October 2018, investors will receive $0.85 a share instead of $0.82. The new annual rate of $3.40 yields a high 4.5%.

The bank also reported better-than-expected earnings for… Read More

ROYAL BANK OF CANADA, $103.64, Toronto symbol RY, reported better-than-expected earnings this week, due to strong results from its retail banking and wealth management businesses. The bank also raised its dividend.

In its fiscal 2018 third quarter, ended July 31, 2018, Royal’s overall earnings rose 11.2%,… Read More

AT&T INC., $31.69, New York symbol T, last raised its quarterly dividend with the February 2018 payment. Investors now receive $0.50 a share, up 2.0% from $0.49. The new annual rate of $2.00 yields a high 6.3%.

The company has now completed its acquisition of media… Read More

CANADIAN PACIFIC RAILWAY LTD., $256.00, Toronto symbol CP, has ordered 1,000 new railcars for shipping grain (called “hoppers”). It expects to receive 500 of those cars by the end of 2018.

This initial order is part of CP’s larger plan to purchase 5,900 hopper cars over… Read More