Archives

Air Canada to Ban Carry-On Bags for Basic Economy Passengers in 2025

Air Canada (TSE: AC) will ban carry-on luggage for basic economy passengers on select routes starting next year, sparking criticism from Canada’s Transport Minister over rising travel costs. The new policy, effective January 3, applies to basic fare travelers flying within Canada, to the United States including Hawaii and Puerto Rico, and to Mexico, Central […]

Bitcoin Breaks $100,000 After Trump Names Crypto Advocate to Lead SEC

Bitcoin surpassed $100,000 for the first time on Wednesday, rallying on President-elect Donald Trump’s choice of crypto advocate Paul Atkins to head the Securities and Exchange Commission. The cryptocurrency hit the milestone shortly after Trump announced Atkins, a former SEC commissioner, as his nominee to replace current chairman Gary Gensler, who is expected to step […]

BMO Q4 2024 Earnings: Profits Soar 35% But Credit Losses Triple

Bank of Montreal’s (TSX: BMO) latest financial results for the fourth quarter and fiscal 2024 revealed a mixed performance, characterized by significant revenue growth and robust capital ratios but weighed down by escalating credit loss provisions and weak segmental earnings in key areas. The bank reported a Q4 net income of $2.304 billion, a substantial […]

CIBC Rakes in Record Revenue for 2024 Amid Margin Declines And Cost Control

The Canadian Imperial Bank of Commerce (TSX: CM) released its financial results for the fourth quarter and fiscal year ending October 31, 2024, reporting $6.617 billion in revenue for Q4 2024, a 13% increase compared to $5.847 billion in the same period last year and a slight improvement from $6.604 billion in the prior quarter. Reported […]

IAMGOLD Extends Westwood Complex Life Of Mine To 2032

IAMGOLD (TSX: IMG) has extended the life of its Westwood mine complex after the completion of an updated mineral resource and mineral reserve estimate. The complex, which previously had an estimated life of mine through to 2025, has now extended its planned operations through to 2032. The remaining life of the mine is expected to […]

TD Bank’s $3.2B Earnings in Q4 2024 Eclipsed By $4.2B Money Laundering Charge, $1.1B Credit Loss Provisions

TD Bank Group (TSX: TD) has reported mixed financial results for its fourth quarter and full fiscal year ending October 31, 2024. For the fourth quarter, TD reported net income of $3.6 billion, a substantial 26.8% increase compared to $2.9 billion in the same quarter last year. However, the adjusted net income declined by 8% […]

Plurilock Lands $2.5 Million Order From Department Of National Defense

Plurilock Security (TSXV: PLUR) continues to secure sales contracts with government agencies. The latest sale comes from the Canadian Department of National Defense, which was secured via a competitive bid process.

French PM Barnier to Resign After Historic No-Confidence Vote

French Prime Minister Michel Barnier is set to resign on Thursday following an unprecedented no-confidence vote that brought down his government after just three months in office, marking the first such parliamentary defeat in over 60 years. The motion passed with 331 votes, well above the required 288, as opposition parties united against Barnier’s controversial […]

Royal Bank of Canada Reports 11% Profit Growth for 2024 but Rising Costs

The Royal Bank of Canada (TSX: RY) reported its financial performance for fiscal year 2024, posting a net income of $16.2 billion, an increase of 11% year-over-year from $14.6 billion in 2023. This growth, however, comes with caveats as rising provisions for credit losses (PCLs) and a surge in operating expenses offset some of the […]

National Bank’s Q4 2024 Profit Jumps 27%, Yet Credit Losses Surge 41% 

National Bank of Canada (TSX: NA) reported its Q4 2024 financials, ending the quarter with a net income of $955 million, a 27% increase from $751 million in the fourth quarter of 2023. Diluted earnings per share (EPS) rose in tandem, reaching $2.66 compared to $2.09 in the same period last year. When adjusted for […]