|Bid||93.88 x 0|
|Ask||93.88 x 0|
|Day's Range||93.50 - 94.12|
|52 Week Range||93.13 - 108.52|
|Beta (3Y Monthly)||1.09|
|PE Ratio (TTM)||11.22|
|Earnings Date||Feb 21, 2019 - Feb 25, 2019|
|Forward Dividend & Yield||3.92 (4.15%)|
|1y Target Est||111.79|
Retail sales -- formerly a pillar of support for the economy -- posted the weakest performance since May 2003, rising 8.1 percent from a year earlier. People’s Bank of China Governor Yi Gang indicated as much late Thursday, saying that monetary policy will remain supportive. Economists expect such support to involve another 200 basis points of reduction to the required reserve ratio for major banks, a measure that’s been used several times this year, according to Bloomberg survey published Friday.
Canada's biggest banks are tightening their grip over the country's C$1.5 trillion ($1.1 trillion) mortgage market as new rules designed to cut out risky lending make it harder for borrowers to switch lenders, with some analysts betting on more gains for the country's biggest two banks. The rules, which stress-test borrowers' ability to make repayments at 200 basis points above their contracted rates, had been expected to hurt profitability at the banks' domestic businesses by resulting in them turning away more customers. The rules, known as B-20 and introduced in January, do not apply when borrowers are renewing mortgages with their current lender, creating an uneven playing field.
Canadian Imperial Bank of Commerce (TSX:CM) (NYSE:CM) and Royal Bank of Canada (TSX:RY) (NYSE:RY) are trading near their 2018 lows. Is one a good RRSP pick today?
Keefe Bruyette & Woods Inc.’s Brian Kleinhanzl shifted his sector recommendation on the biggest banks to market weight from overweight, and turned cautious on the coming year. There aren’t enough “positive catalysts” ahead, other than "simply having a discounted valuation," to lift the group after underperformance driven by disappointing loan growth and macroeconomic risks, Kleinhanzl wrote in a note. Shares may keep dropping, with cuts to consensus estimates and credit worries unlikely to abate.
Alberta economy expected to slow in 2019: RBC Economics forecasts the pace of growth to slow to 1.5 per cent in 2019 from 2.4 per cent in 2018. Canada's economy to face challenges: Canada's GDP growth expected to drop 0.2 percentage points to 1.7 per cent in 2019. Global expansion to continue, but downside risks are growing: Global economy forecasted to expand by 3.7 per cent, matching the previous two years.
In Mexico, traders are watching to see whether President Andres Manuel Lopez Obrador turns campaign rhetoric into political reality after his early adoption of referendums to decide investment projects spurred a selloff in the peso. Stocks and currencies in Latin America are headed toward their worst year since 2015, joining a selloff in emerging markets as concern over the outlook for global trade and an economic slowdown weighed on investor sentiment. While escalating trade tensions threaten to drive further volatility across risk assets, prospects for a weaker dollar and a pause in the Federal Reserve’s tightening cycle could bring relief to local markets.
Learn more about these sure-fire dividend stocks, including Royal Bank of Canada (TSX:RY)(NYSE:RY), which raised its dividend by 7.4% last year.
Enbridge Inc. (TSX:ENB)(NYSE:ENB) and Royal Bank of Canada (TSX:RY)(NYSE:RY) are both leaders in their respective markets. Is one a better TFSA bet?
Results are due on Dec. 11.Also weighing on investors is the prospect of higher oil prices after producer nations delivered a bigger-than-expected production cut. Key InsightsThe states of Madhya Pradesh, Chhattisgarh and Rajasthan contributed significantly to Modi’s landslide victory in 2014 and setbacks there may make foreign investors cautious of the risks to political stability in India.A better result for the Congress will be a morale booster for the main opposition party and its President Rahul Gandhi ahead of federal elections expected in April.Investor confidence in Indian assets only recently bounced back as crude oil prices slid and the Federal Reserve struck a more dovish tone.
Toronto-Dominion Bank (TSX:TD)(NYSE:TD) and Royal Bank of Canada (TSX:RY)(NYSE:RY) have put up fantastic earnings in 2018 but this has not been reflected in the share price.
It also relied, to an unprecedented extent, on Russia to broker an agreement between the Saudis and their archrivals, Iran, and acknowledged implicitly that there’s little the kingdom could do to hurt surging U.S. oil shale without causing itself pain. “Saudi economic self-interest trumps Trump,’’ said Mike Rothman, president of Cornerstone Analytics Ltd., a veteran of three decades of OPEC meetings.
The shift to net exports is the dramatic result of an unprecedented boom in American oil production, with thousands of wells pumping from the Permian region of Texas and New Mexico to the Bakken in North Dakota to the Marcellus in Pennsylvania. Given the volatility in weekly data, the U.S. will likely remain a small net importer most of the time. “We are becoming the dominant energy power in the world,” said Michael Lynch, president of Strategic Energy & Economic Research.
Here's why Canadian National Railway (TSX:CNR) (NYSE:CNI) and another two top Canadian stocks deserve to be on your radar today.
TORONTO , Dec. 6, 2018 /CNW/ - RBC Global Asset Management Inc. (RBC GAM Inc.) today announced November mutual fund net sales of $146 million . Long-term funds had net sales of $121 million and money market ...
(Bloomberg) -- Canadian dollar bears, gratified by the currency’s slide after a dovish Bank of Canada statement, face hurdles to further weakness in the form of rising domestic oil prices and a robust technical barrier, foreign-exchange strategists say.
RPM International (RPM), a specialty coating company, was strong in November. The stock gained 7.8% and was one of the top gainers among specialty companies in November. RPM International outperformed the broader market S&P 500 (SPY), which gained 1.8% during the same period.
Twitter: Interested in a career as an investment advisor? Learn about the role in this new video series from @RBCwealth Video series aims to debunk myths about the investment advisor role TORONTO , Dec. ...
The comments come just days after Russia and Saudi Arabia agreed to extend their cooperation to balance the oil market into 2019. In an interview with Bloomberg, Al-Falih said Moscow backs output curbs “in principle,” but that all the members of the so-called OPEC+ group, which includes Russia and Kazakhstan, needed to come together for a cut to go ahead. The OPEC advisory committee recommended a cut of 1.3 million barrels a day last week, but since then the group got an unexpected hand from Canada’s 325,000 barrels a day reduction.
There is “quite a wide range of outcomes” that are possible, Lignos said in an interview with Bloomberg Television on Tuesday. The pound rallied Tuesday morning after an adviser to the European Union’s top court suggested that Britain should be allowed to reverse its notice to leave the bloc, though the currency gave up most of the gains in the afternoon.
Bitcoin is down for the count but big banks like Royal Bank of Canada (TSX:RY)(NYSE:RY) have seen early success with blockchain technology investment.
Terry Haines, political analyst at Evercore ISI:Trump-Xi trade dinner is a “very likely...strong short-term market positive because it answers the hopes of investors,” who wanted the U.S. to stop an escalation. Henrietta Treyz, analyst at Veda Partners LLC:Veda is concerned that come March 1, without “sufficient forward progress, reverting to the same 10% to 25% escalation rate threatened these past few months, may no longer be considered a sufficient penalty for China’s lack of concessions.” Treyz reminds investors that “China has committed to opening up its markets and making these types of changes for decades, only to renege on those promises under Presidents Obama, Bush and Clinton.
On Monday, the Roscosmos agency sent the first crew into space on a Soyuz rocket since a booster failure on a similar model forced Russian Alexey Ovchinin and American Nick Hague to abandon their mission minutes after liftoff in October. NASA Associate Administrator William Gerstenmaier was on hand for the launch at Kazakhstan’s Baikonur Cosmodrome to ferry Russian cosmonaut Oleg Kononenko, U.S. astronaut Anne McClain and Canadian David Saint-Jacques to the International Space Station.
The rupee was the only emerging-market Asian currency that weakened Monday as Brent prices rallied 6.2 percent to $62.4 per barrel. Further gains might outweigh the rub-off effect of the trade war truce on oil-buying countries including India, Indonesia and the Philippines. “The Indian rupee stands to benefit less from this as India is not as reliant on exports, and the bounce in oil prices could also weigh on the currency,” said Khoon Goh, head of research at Australia & New Zealand Banking Group Ltd. in Singapore.
(Bloomberg) -- Qatar said it will leave OPEC next month, a rare example of the toxic politics of the Middle East rupturing a group that had held together for decades through war and sanctions.