The wildfires in Fort McMurray slammed Canada's private sector in the second quarter, pummelling insurers' profits and deepening losses in the oil patch.
National PostToronto-Dominion Bank and Canadian Imperial Bank of Commerce both reported earnings ahead of expectations on Thursday.
TORONTO - Royal Bank CEO David McKay says the lender is "closely monitoring" the real estate markets in Vancouver and Toronto, where home prices have been climbing at a breakneck pace.
Canada's main stock index fell on Wednesday as lower metal and oil prices weighed on resource stocks, offsetting gains for financials after Royal Bank of Canada reported better-than-expected earnings.
Canadian miner Kinross Gold Corp. said it has suspended operations at its Maricunga gold mine in Chile, and will lay off 300 employees after a judicial decision upheld a regulator's move to shut down the water system linked to the mine.