Economy

RBC’s Q3 earnings up 73%

Royal Bank of Canada reported net income of $2,240 million for the third quarter 2012, up $946 million (73%) from the prior year. “RBC had a record quarter, driven by exceptional growth in our Canadian retail franchise and strong investment banking results,” says Gordon Nixon, RBC president and CEO. Further comparing this quarter to 2011, […]

By Staff |August 30, 2012

1 min read

TD reports record quarter earnings

TD Bank delivered a record quarter in Q3 2012, reflecting strong retail and wholesale earnings.

By Staff |August 30, 2012

2 min read

U.S. corps look to China for funding

Large U.S .corporations are beating the path to Chinese banks in a bid to secure additional funding sources. In an arrangement that works both ways, U.S. multinational companies are seeking to increase their presence in the world’s second-largest economy, which in turn provides opportunities for Chinese banks to strengthen their clout with large multinationals and […]

By Staff |August 29, 2012

1 min read

Secondary currencies can reap returns

Consider secondary currencies when looking for yield, says Patrick Bradley, a product specialist with the global fixed-income team at Brandywine Global in Philadelphia. He's also a manager of the Renaissance Optimal Income Portfolio

By Martha Porado |August 29, 2012

2 min read