When the final earnings report are in for the last quarter of 2009, TSX operating profits should be up 43%, which will be the first increase since the third quarter of 2008 notes a new report from Canadian Imperial Bank of Commerce (CIBC) World Markets Inc. The report finds that earnings in seven of ten

On Tuesday, the Bank of Nova Scotia posted 4th quarter profits that were nearly tripled from the same period a year ago, when accounting provisions brought down earnings. Scotiabank posted net income of $902 million for the 3 months that ended on October 31st. This is up from the $315 million that was reported in

Canadian bank earnings report are due out this week and are expected to hit the bottom this quarter among significant loan losses. This is largely due to the declining value of commercial real estate. Unlike residential real estate, where it has had a jump of 18.3% in July compared to the same period last year,

The Toronto stock market brought in negative numbers this morning despite the sold corporate earnings report and upbeat views.The S&P/ TSX composite index dropped 109.12 points, or 1.04%. It is now sitting at 10,431.59 points, which is still high, compared to the last set of drops we have had. The Canadian dollar is sitting at

The Toronto stock market made a strong impact this morning with investors encouraged by a strong earnings report from chip giant Intel Corp. and rising oil prices.This has been a solid two days for the Toronto Main Stock Index gaining about 240 points, or 2.5%. This was led by the financial stocks amid the strong