|Bid||106.72 x 0|
|Ask||106.78 x 0|
|Day's Range||106.45 - 107.24|
|52 Week Range||97.30 - 109.68|
|Beta (5Y Monthly)||1.03|
|PE Ratio (TTM)||12.20|
|Earnings Date||Feb. 20, 2020|
|Forward Dividend & Yield||4.20 (3.93%)|
|Ex-Dividend Date||Jan. 23, 2020|
|1y Target Est||111.47|
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The outlook for the Canadian banks, Royal Bank of Canada (TSX:RY)(NYSE:RY) and TD Bank (TSX:TD)(NYSE:TD) included, remains bleak, but which of the top two is the better bet?
TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (17,572.28, down 25.11 points.)Bombardier Inc. (TSX:BBD.B). Industrials. Up seven cents, or 5.74 per cent, to $1.29 on 25.2 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Down 15 cents, or 5.45 per cent, to $2.60 on 8.45 million shares.Encana Corp. (TSX:ECA). Energy. Unchanged at $5.19 on 8.3 million shares.Royal Bank of Canada. (TSX:RY). Financials. Down 27 cents, or 0.25 per cent, to $106.79 on 7.45 million shares.Manulife Financial Corp. (TSX:MFC). Financials. Down 74 cents, or 2.67 per cent, to $26.97 on 6.2 million shares.Crescent Point Energy Corp. (TSX:CPG). Energy. Down 32 cents, or 5.87 per cent, to $5.13 on 5.3 million shares.Companies in the news:Air Canada (TSX:AC). Down $2.31 or 4.5 per cent to $48.84. Shares of four North American airlines that fly to China, including Air Canada, fell on Tuesday as fear grew about a virus that authorities say has killed six people and sickened 300 more. Investors seemed to worry that the virus could spread beyond Asia, like the SARS outbreak that started in 2002. Chinese authorities also confirmed that the virus can spread from one person to another, not just from animals to humans. In afternoon trading, United Airlines’ parent fell three per cent, Delta lost more than two per cent, and American Airlines was off less than one per cent.Bombardier Inc. — Quebec Premier Francois Legault says he's watching the financial situation at Bombardier Inc. "very closely" but wouldn't indicate if the government will once again come to the company's rescue. Legault told reporters that he could not "say more" about the possibility of additional financial assistance for the aircraft and train manufacturer. Questions about Bombardier's future were raised last week after the company warned about its financial results, cast doubt about its continued participation in the A220 commercial aircraft and announced it was reviewing options to reduce its heavy debt.Spin Master Corp. (TSX:TOY). Down $1.84 or 4.9 per cent to $35.46. Shares of Spin Master Corp. fell Tuesday after it said sales were going to be worse than expected because of problems with its distribution system, a softer U.S. market, and fallout from trade disputes. The Toronto-based toy giant says results for its fourth quarter and 2019 as a whole would likely show a one per cent drop in gross product sales, compared with its guidance in November of growth in the low single digits. The company's mistake was to try to consolidate its four distribution centres into a single warehouse in the third quarter, just as its busiest season was ramping up, Harary said.This report by The Canadian Press was first published Jan. 21, 2020. The Canadian Press
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TORONTO, Jan. 20, 2020 /CNW/ - Today, RBC opened applications for the RBC Future Launch Scholarship – a reimagined, skills-focused scholarship program designed for Canadian youth to gain new skills or build on existing ones. RBC will award 450 scholarships of $1,500 to youth (aged 15 to 29) who are part-time or non-students through three application windows in 2020. Unlike traditional scholarships, applicants will not be required to submit grades or transcripts.
TORONTO, Jan. 15, 2020 /CNW/ - Canadian investors are increasingly looking to build responsible investment portfolios, but they are not sure how to start and are relying on their financial advisors for guidance, according to a recent survey of Canadian retail investors by RBC Global Asset Management Inc. (RBC GAM Inc.).
(Bloomberg) -- Pinterest Inc. shares rose as much as 13% on Tuesday after a report showed it beat out Snap Inc.’s Snapchat to become the third-biggest social media platform in the U.S.Pinterest had an estimated 82.4 million U.S. users in 2019, a 7.4% gain from the previous year, while Snapchat had 80.2 million users, data tracker eMarketer estimated. Pinterest’s U.S. users are projected to rise 4.4% to 86 million in 2020, the firm said. Facebook and Instagram, both owned by Facebook Inc., hold the top two positions.“While Snapchat has a young core audience that it caters to, Pinterest has a more universal appeal, and it’s made significant gains in a wide range of age groups,” analyst Nazmul Islam said in the report.Pinterest makes the bulk of its revenue from U.S. users and is in the early stages of efforts to boost international ad sales. The stock still hasn’t recovered from losses after a third-quarter revenue miss led to a 17% plunge in November.While some analysts say the company’s third-quarter earnings results hint at saturation in its U.S. market, bulls say the stock remains attractive as it continues to develop its advertisement offerings.Wall Street’s expectations for Pinterest’s fourth-quarter financial results “are reasonable” and user survey results revealed positive trends, RBC Capital Markets analyst Mark Mahaney said in a research note late Monday. The results are due in mid-February.To contact the reporter on this story: Andres Guerra Luz in New York at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Jeran WittensteinFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
TORONTO, Jan. 14, 2020 /CNW/ - While Canadian Olympians prepare to take the world's biggest sporting stage at the Olympic Games in Tokyo, RBC Training Ground will once again be searching the country for the next generation of Olympic talent. Entering its fifth year, RBC Training Ground is a nation-wide talent identification and athlete-funding program dedicated to finding and supporting the next generation of Canadian Olympians. Since its inception in 2016, the program has tested 8,000 athletes at more than 100 free local events across Canada.
(Bloomberg) -- Gold dropped for a second day as the U.S. and Iran stepped back from a deeper military conflict, blunting the appeal of haven assets.The metal, which briefly surpassed $1,600 an ounce on Wednesday, is heading back toward levels it was trading at before the U.S. killed top Iranian general Qassem Soleimani last week. President Donald Trump’s latest remarks suggested tensions were easing and stocks rose across the globe.“Job done,” Rhona O’Connell, head of market analysis for EMEA and Asia at INTL FCStone, said in a note. “The price is now back to where we started.”Gold futures for February delivery fell as much as 1.2% to $1,541 an ounce, about $13 from the last closing price before the U.S. strike. The metal settled 0.4% lower to $1,554.30 at 1:32 p.m. on the Comex in New York, notching the largest two-day decline since early November.Bullion-backed exchange-traded funds also saw a sell-off on Wednesday, with holdings dropping the most since November, according to preliminary data from ETFs tracked by Bloomberg.“Pullback today in gold was expected sooner or later,” George Gero, a managing director at RBC Wealth Management, said Thursday in a note. “Gold had climbed stairs up and took the elevator up and down based on Iran conflict headlines and we are back to basics now which can support gold.”As tensions ease, investors will be weighing the outlook for the U.S. economy and whether any change is likely in monetary policy from the Federal Reserve, which cut rates three times in 2019 before pausing. On Friday, traders will get the latest monthly nonfarm jobs report. Filings for U.S. unemployment benefits fell to a five-week low, according to the latest data released Thursday. And on Wednesday, ADP Research Institute data showed companies added the most jobs in eight months in December.Meanwhile China confirmed that Vice Premier Liu He will travel to Washington to sign the first phase of the trade deal with the U.S. next week, at least temporarily calming fears of an escalating trade war between the world’s two largest economies.Prices may retreat to $1,500 an ounce or possibly even below that over the next couple of months if real yields recover and concerns over global growth ease further, said Macquarie Group Ltd. strategist Marcus Garvey.In other precious metals, silver futures declined on the Comex while platinum rose on the New York Mercantile Exchange. Palladium futures touched a fresh record of $2,114 an ounce earlier Thursday before erasing gains as China reported a second straight annual slump in car sales. The metal is still up about 8% this year.“An ongoing deficit should justify further gains in palladium prices this year,” Metals Focus said in a note Wednesday. “That said, calling the market’s top is tricky given the speed of the rally and the fact that the palladium market is comparatively small and hence relatively inelastic.”\--With assistance from Ranjeetha Pakiam.To contact the reporters on this story: Elena Mazneva in London at email@example.com;Justina Vasquez in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Lynn Thomasson at email@example.com, Steven Frank, Pratish NarayananFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.