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RBC reports Q2 profit down as loan-loss provisions rise, raises quarterly dividend

RBC reports Q2 profit down as loan-loss provisions rise, raises quarterly dividend

TORONTO — Royal Bank of Canada raised its dividend as it reported its second-quarter profit fell compared with a year ago and the amount of money it set aside for bad loans rose. The bank says it will now pay a quarterly dividend of $1.
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CIBC reports $1.69B second-quarter profit, raises dividend

CIBC reports $1.69B second-quarter profit, raises dividend

TORONTO — CIBC raised its quarterly dividend as it reported a second-quarter profit of $1.69 billion. The bank said Thursday it will now pay a quarterly dividend of 87 cents per share, up from 85 cents.
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Hong Kong-flagged vessel briefly runs aground in Egypt's vital Suez Canal, later refloated

Hong Kong-flagged vessel briefly runs aground in Egypt's vital Suez Canal, later refloated

CAIRO (AP) — A Hong Kong-flagged ship briefly ran aground Thursday in Egypt's vital Suez Canal, though authorities said they were able to refloat it after it momentarily disrupted the waterway.
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A's, Nevada leaders reach tentative ballpark agreement

A's, Nevada leaders reach tentative ballpark agreement

CARSON CITY, Nev. (AP) — Republican Nevada Gov.
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U.S. will not default, but Republicans won't be to blame if it does, McCarthy says

U.S. will not default, but Republicans won't be to blame if it does, McCarthy says

WASHINGTON — The United States won't go into default on its debt, House Speaker Kevin McCarthy predicted Wednesday — but the highest-ranking Republican on Capitol Hill also said it won't be his fault if it does.
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Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,927.69, down 218.32): Manulife Financial Corp. (TSX:MFC). Finance. Down 57 cents, or 2.23 per cent, to $25.02 on 12.
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S&P/TSX composite down more than 200 points, U.S. stock markets also lower

S&P/TSX composite down more than 200 points, U.S. stock markets also lower

TORONTO — Canada's main stock index was down more than 200 points Wednesday, with financials, metals and industrials leading the decline, while U.S. stock markets also retreated as debates over the country's debt ceiling remained unresolved.
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BMO and Scotiabank report slowing growth, credit provisions put pressure on earnings

BMO and Scotiabank report slowing growth, credit provisions put pressure on earnings

TORONTO — Weakening economic conditions weighed on Canadian banks as they began to report second quarter results Wednesday.
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AI guru Yoshua Bengio says regulation too slow, warns of 'existential' threats

AI guru Yoshua Bengio says regulation too slow, warns of 'existential' threats

MONTREAL — Artificial intelligence pioneer Yoshua Bengio says regulation in Canada is on the right path, but progress is far too sluggish.
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A June pause in rate hikes would be a close call for Fed officials, minutes of last meeting show

A June pause in rate hikes would be a close call for Fed officials, minutes of last meeting show

WASHINGTON (AP) — Federal Reserve officials were divided earlier this month on whether to pause their interest rate hikes at their upcoming meeting in June, according to the minutes of their May 2-3 meeting released Wednesday.
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