CIBC Reports 26% Net Income Jump, Credit Loss Provision Decline in Q1 2025
CIBC (TSX: CM) posted its fiscal Q1 2025 earnings results, highlighted by a 26% year-over-year jump in reported net income to $2.17 billion from $1.73 billion in Q1 2024 and a 15% jump from $1.88 billion in Q4 2024. The bank’s revenue rose to $7.28 billion, representing a 17% increase compared to the same period […]
Royal Bank of Canada Reports 43% Net Income Growth, 29% PCL Jump In Q1 2025
Royal Bank of Canada (TSX: RY) has unveiled its Q1 2025 earnings, driven by both robust organic growth and the ongoing integration of HSBC Bank Canada. The bank reported net income of $5.13 billion for the quarter, up 43% from $3.58 billion in the same period last year and 22% higher than $4.22 billion in the […]
TD Bank Reports Flat Income In Q1 2025 Amid Rise In Credit Loss Provision
TD Bank Group (TSX: TD) has reported adjusted net income of $3.62 billion for the first quarter of fiscal 2025, narrowly down from $3.64 billion a year ago but significantly above the $3.21 billion recorded last quarter. Reported net income of $2.79 billion for Q1 2025 dipped slightly from the $2.82 billion posted in the […]
Trump Proposes $5 Million ‘Gold Card’ Visa Program to Help Pay for National Debt
Looks like Trump only wants wealthy immigrants
Fyre Festival 2 Announced Again—This Time for May 2025
McFarland claims he’s already sold 100 tickets
Oil Tariffs: Lose-Lose For Both Canada And US, Study Finds
A Goldman Sachs study projects a lose-lose situation for both Canadian oil producers and American consumers if the US pushes through with its proposed 10% tariff on oil imports from Canada. The analysis estimates that Canadian oil producers stand to lose nearly US$7 billion annually in profit margins. Their predicament stems from the reality that […]
Navarro Denies Pushing for Canada’s Removal from Five Eyes Alliance
White House trade adviser Peter Navarro forcefully denied reports that he proposed ejecting Canada from the “Five Eyes” intelligence alliance, calling the suggestion “crazy stuff” amid escalating trade tensions between the neighboring countries. “We would never, ever jeopardize our national security ever with allies like Canada. Ever,” Navarro told reporters in Washington on Tuesday, responding […]
Trump Unleashes 25% Tariff On EU: “They’re Formed To Screw The US”
In another episode on tariff threats, President Donald Trump has announced plans to impose sweeping 25% tariffs on goods from the European Union. This move comes on the heels on the pending levies on Canada that will begin on March 4 “pending ongoing negotiations.” The hardline trade policy stance has sparked immediate vows of retaliation […]
Moe Declares Pipeline Permits ‘Pre-Approved’ as Trump Renews Keystone Push
Saskatchewan Premier Scott Moe announced Wednesday that all pipeline permits for routes heading east, west, or south will be “considered pre-approved,” as Canadian officials seek to protect cross-border trade amid tariff threats. Moe made the announcement on X while visiting Washington with business leaders to fend off potential US tariffs threatened by President Donald Trump. […]
Nvidia Rides On AI Boom With 80% Jump In Net Income In Q4 2024
Nvidia (NASDAQ: NVDA) reported its Q4 and full-year 2024 financials, with quarterly revenue of $39.3 billion—a 78% leap from $22.1 billion a year ago and a 12% boost over $35.1 billion in the previous quarter. On a full-year basis, Nvidia posted $130.5 billion in total revenue, surging 114% from fiscal 2024. Gross margin for Q4 […]