According to the September RBC Canadian Consumer Outlook Index, Canadian confidence has dropped significantly, reflecting the concerns over the pace of the global economic recovery. Since December 2009, the Index has hovered around the same mark, however in the recent outlook, it has dropped 14 points from 108, making it 94 points. The decline was

Across Canada we are seeing an increase economic confidence with the majority of Canadians, 67% to be exact believing that the overall outlook for the economy is good. In the last quarter, it was 54% believing this confidence level. The data is in accordance to the June RBC Canadian Consumer Outlook Index. 55& of Canadians

Consumer confidence has increased in Canada vastly compared to last year, however CIBC World Markets Inc.’s new Consumer Capability Index finds that weak consumer fundamentals and an interest rate hike will have Canadians starting to apply a halt on spending. In late 2008, we saw consumer confidence reach a 15 year low, as measured by

Bank of Montreal has had a $657 million profit in its latest financial quarter as revenue increase by 24% from a period a year ago, with much of its Canadian operations being the cause of this lift. BMO’s overall revenue in the three months, which ended January 31st, has increase by $583 million from the

A report from CIBC World Markets has noted that Canada’s domestic upturn should counter some of the drag that a rising loonie poses on corporate earnings. Peter Buchana, senior economist in the latest TSX Earnings Watch has noted than the profit levels seen north of the border are benefitting from critical offsetting factors. Canadian consumers

Canadian Western Bank (CWB) notes that lower commodity prices have left them feeling cautious about its short-term view for the economy in Western Canada, even when profits rose 9% in the last quarter. President and CEO, Larry Pollock said that the oil and gas industry growth has been stalling, which has impacted a major part

A jump in traded revenues boosted profits by 24% at the Royal Bank of Canada (RBC). RBC posted a net income of $1.56 billion, $1.05 per share, for the three months ending in July. This is up from $1.26 billion or 92 cents per share in the third quarter of 2008. RBC noted that its