As Mark Chandler sees it, the Bank of Canada has “more to fear now than fear itself.” So markets will be watching closely for the tone of this morning's rate-decision statement from Governor Stephen Poloz and his central bank colleagues.
The Bank of Montreal's U.S. exposure was a drag on earnings in the second quarter. The lender kicked off earnings season Wednesday with an in-line adjusted profit and a divident boost.
Almost three quarters of Canadian homeowners would have difficulty paying their mortgage every month if their payments increased by as little as 10 per cent, a new survey from Manulife Bank suggests.
Canada's main stock index eked out a moderate gain Tuesday as financial stocks got a boost ahead of Canadian bank earnings this week.
The overall volume in the last trading session was 6.91 Million shares. Convergys Corp (NYSE:CVG) has declined 10.85% since May 23, 2016 and is downtrending.