National Bank has agreed to purchase$Canadian Western Bank (CWB.CA)$for $5 billion, a move that sees the bank paying a 118% premium over CWB's June 11 close price of C$24.89. This acquisition follows the$Royal Bank of Canada (RY.CA)$'s significant purchase of HSBC Canada, valued at $13.5 billion, signaling a consolidation trend in the Canadian banking industry. Since the announcement, Canadian Western Ba...
Good morning mooers! Here are things you need to know about today's market: ● S&P/TSX 60 Index Standard Futures are trading at 1,325.60, down 0.03% ● RBC leads big banks to cut prime rate to 6.95% following Bank of Canada ● Interest rate cut unlikely to provide immediate relief for housing market ● Lululemon jumps after raising its full-year profit outlook Market Snapshot Today, the Ca...
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Big Five Big Five
The "Big Five" refers to Canada's five largest banks—Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montreal, and Canadian Imperial Bank of Commerce—which dominate and significantly influence the country's financial sector. The "Big Five" refers to Canada's five largest banks—Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montreal, and Canadian Imperial Bank of Commerce—which dominate and significantly influence the country's financial sector.
Laurentian Bank of Canada Stock Forum
Since the announcement, Canadian Western Ba...
what? why
● S&P/TSX 60 Index Standard Futures are trading at 1,325.60, down 0.03%
● RBC leads big banks to cut prime rate to 6.95% following Bank of Canada
● Interest rate cut unlikely to provide immediate relief for housing market
● Lululemon jumps after raising its full-year profit outlook
Market Snapshot
Today, the Ca...
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