Here''s why Toronto-Dominion Bank (TSX:TD)(NYSE:TD) and Royal Bank of Canada (TSX:RY)(NYSE:RY) are two top bank stocks to buy now. The post 2 TSX Bank Stocks Worth a Long-Term Bet Right Now appeared first on The Motley Fool Canada .
Hi. Aaron Weinman here. BlackRock''s bullish stance on all things environmental, social, and governance has drawn criticism from a number of politicians, both conservative and progressive. Those on the left of the aisle argue the asset manager could do more to support a transition to a low-carbon economy, while conservatives reckon BlackRock''s position on the climate crisis ostracizes heavy-carbon emitting industries. BlackRock''s head of international and corporate strategy, Mark Wiedman, told a conference panel that helping finance the transition is an integral way to grow the firm''s private-equity unit, and by extension, its alternative-assets business. Before we get into that, however, it''s also time for our Banker of the Week! If this was forwarded to you, sign up here . Download Insider''s app here . 1. BlackRock is after new ways to finance the energy transition. Mark Wiedman, a top executive at the firm, said such an effort could bring together the firm''s private equity, infrastructure, and credit capabilities.
By Divya Rajagopal TORONTO (Reuters) – Royal Bank of Canada (RBC) has cut close to 1% of its capital market staff in the United States as part of its annual performance review, a person familiar with the matter said on Thursday.
By Divya Rajagopal TORONTO (Reuters) – Royal Bank of Canada (RBC) has cut close to 1% of its capital market staff in…
RBC Capital Markets division cut one per cent of its U.S. team, with a focus on junior staff
RY stock has dropped 20% since January, underperforming broader markets. Is Canada''s biggest bank still a buy? The post Should You Buy Royal Bank Stock at Current Levels? appeared first on The Motley Fool Canada .
Shares of psychedelics company Mind Medicine Inc. slid 35.6% in premarket trade Wednesday, after the company priced a dilutive secondary offering of 7.1 million shares. The offering priced at $4.25 a share, below the stock''s closing price Tuesday of $6.12. The company also offered an equal number of warrants, which can be used to purchase one common share. Proceeds are expected to total about $30 million. RBC Capital Markets and Cantor were lead underwriters on the deal, with Oppenheimer & Co. acting as co-manager. Shares have fallen 70% in the year to date, while the S&P 500 has fallen 23%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
The Globe and Mail published an article on Sept. 23 that discussed the terrifying — and highly profitable — journey of a bank stock . The bank in question was Royal Bank of Canada (NYSE: RY ), Canada’s largest company and arguably one of North America’s best bank stocks to buy. Although the article is behind a paywall — I’m a subscriber — I can give readers the gist of Globe contributor John Heinzl’s article. Heinzl assumes that an investor bought 10,000 Canadian dollars of Royal Bank stock on Sept. 21, 2002, and held it for the next 20 years, adding no additional contributions over the two decades. While it got hit on two occasions: Late 2008 into 2009 (financial crises) and March 2020 (Covid-19), it ultimately delivered an annualized total return of 12.45% over 20 years. Your 10,000 Canadian Dollars would be worth 104,618 Canadian dollars. The SPDR S&P 500 ETF Trust (NYSEARCA: SPY ) had an annualized total return of 9.7% over the same period, 280 basis points less. Canadian investors love their bank stocks because of the dividends.
Royal Bank of Canada has acquired wealth management firm Brewin Dolphin Holdings PLC for… The post Royal Bank of Canada (TSX:RY) acquires Brewin Dolphin Holdings appeared first on The Market Herald .
Deal creates premier wealth manager in the UK, Channel Islands and Ireland LONDON, Sept. 27, 2022 /PRNewswire/ -- Royal Bank of Canada ("RBC") today announced that it had completed the acquisition…
Hi. I''m Aaron Weinman . Roughly a dozen investment bankers said their farewells to Goldman Sachs on Friday. Senior associates and vice presidents in Goldman''s tech, media, and telecommunications team were handed pink slips in a further sign of strain on a Wall Street apparatus that is hamstrung by depressed dealflow, and suffering from a slowing economy and stubbornly high inflation. The cuts come after Goldman''s investment bank logged a 41% dip in year-over-year revenues in July. Denis Coleman, the bank''s chief financial officer, also reintroduced Goldman''s dreaded annual performance review , a process that helps the bank weed out underperforming individuals who are likely to be let go. Click here for the full story from Insider''s Reed Alexander and myself. If this was forwarded to you, sign up here . Download Insider''s app here . 1. Goldman Sachs has started wielding the axe at its investment bank. The cuts in the TMT division come on top of layoffs in the bank''s equity-capital-markets and leveraged-finance teams in Europe and ECM unit in Asia . "Every year globally we conduct a strategic assessment of our resources and calibrate headcount to the current operating environment," a spokesperson for the bank told Insider on Friday.
LONDON, UK / ACCESSWIRE / September 23, 2022 / Anglo Pacific Group PLC (the "Group" or "Anglo Pacific") (LSE:APF)(TSX:APY) notes the press release issued by OZ Minerals earlier today ( https://bit.ly/3R72uKo ) announcing that it has made a Final Investment Decision on the West Musgrave copper-nickel project in Australia. Anglo Pacific has a 2.0% net smelter royalty interest over the West Musgrave project. The highlights of the announcement were: First production targeted for H2 2025 Processing capacity increased from 12.0 Mtpa to 13.5 Mtpa through mine planning and plant optimisation Average annual production ~35,000 tpa nickel, ~41,000 tpa copper in the first five years. Average annual production ~28,000 tpa nickel and ~35,000 tpa copper over a 24-year operating life 1 Bottom quartile C1 cost of ~ US$0.50/lb (Ni payable net of by-product credit) and ~US$(1.10)/lb (Cu payable net of by-product credit) One of the largest fully off-grid, hybrid renewable powered mines in the world with an initial ~80% renewable power contribution 2 Marc Bishop Lafleche, CEO of Anglo Pacific Group commented: "West Musgrave is everything we look for in a royalty acquisition, a high quality project and operator in a recognised mining jurisdiction with strong sustainability credentials.
Stonepeak said Friday it agreed to pay $2.4 billion for the Safety unit of Intrado Corp., a technology enabled services company backed by Apollo Global Management Inc. . The Safety unit specializes in 911 public emergency telecommunications services. Intrado will retain Workflows, which is part of its Life & Safety segment. Stonepeak senior managing director James Wyper said Intrado''s Safety business "represents an attractive opportunity to invest behind critical telecommunications infrastructure that underpins access to 911, a public good in the U.S.," according to a statement. RBC Capital Markets acted as lead financial adviser to Intrado on the transaction, which is expected to close in the first quarter of 2023. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal adviser to Intrado, while Simpson Thacher & Bartlett advised Stonepeak. Shares of Apollo Global Management are down 24.3% in 2022, compared to a 19.3% drop by the S&P 500 . Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.
TORONTO , Sept. 15, 2022 /CNW/ - Baylin Technologies Inc. (TSX: BYL ) (the " Company ") is pleased to announce that it has agreed with its principal lenders, Royal Bank of Canada and HSBC Bank Canada, to amend the Credit Agreement dated March 29, 2019 , as amended (the " Credit Agreement "), to extend the maturity date of the revolving and term credit facilities from September 30, 2022 , to September 29, 2023 . The amendments also include a quarterly minimum EBITDA covenant for the 12-month period ending on the relevant quarter and a revised minimum Liquidity covenant (each as defined in the Credit Agreement). The Company is also pleased to announce that its Vietnamese subsidiary, Galtronics Vietnam Dai Dong Company Limited (" GTD "), has agreed with its lender, HSBC Bank ( Vietnam ) Ltd., to various amendments to its credit facility agreement, including an extension of … Full story available on Benzinga.com
RBC Capital Markets and UBS had retail brokers working the phones on Wednesday afternoon, to line up support at Atlas Arteria.
Royal Bank of Canada (NYSE:NYSE:RY) Barclays 2022 Global Financial Services Conference September 13, 2022 2:00 PM ET Company Participants Nadine Ahn - Chief Financial Officer Conference…
TSX: TVE /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES . ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW/ CALGARY, AB , Sept. 12, 2022 /CNW/ - Tamarack Valley Energy Ltd. (" Tamarack " or the " Company ") has entered into an agreement with a syndicate of underwriters led by RBC Capital Markets and National Bank Financial Inc. (the " Underwriters "), pursuant to which the Underwriters have agreed to purchase, for resale to the public, on a bought-deal basis, approximately 33 million common shares (" Common Shares ") of Tamarack at a price of $3.75 per Common Share for gross proceeds of approximately $125.0 million (the " Offering "). The net proceeds from the Offering will be used to partially fund the acquisition of Deltastream Energy Corporation (" Deltastream "), as separately announced today (the " Acquisition "). The Underwriters will have an option to purchase up to an additional 15% of the Common Shares issued under the Offering at a price of $3.75 per Common Share to cover over-allotments exercisable in whole or in part at any time until 30 days after the closing.
5.25% Sustainability-Linked Notes, Series CAG due November 15, 2032 5.65% Notes, Series CAH due September 13, 2052 5.00% Notes, Series CAI due September 13, 2029 VANCOUVER, British Columbia, Sept. 08, 2022 (GLOBE NEWSWIRE) -- TELUS announced today it has priced $2.0 billion of senior unsecured notes in three series, the first with a 10-year maturity, the second with a 30-year maturity and the third with a 7-year maturity. The notes are offered through a syndicate of agents led by CIBC Capital Markets, RBC Capital Markets and Scotiabank. Closing of the offering is expected to occur on or about September 13, 2022. The 5.25% Sustainability-Linked notes, Series CAG (the "Series CAG Notes"), were priced at $99.673 per $100 principal amount for an effective yield of 5.293% per annum until maturity , subject to a possible interest rate step-up, and will mature on November 15, 2032. The 5.65% notes, Series CAH, were priced at $99.613 per $100 principal amount for an effective yield of 5.677% per annum until maturity , and will mature on September 13, 2052.
Royal Bank of Canada (NYSE:NYSE:RY) Scotiabank 23rd Annual Financial Summit September 7, 2022 09:35 AM ET Company Participants Dave McKay - President & Chief Executive Officer…
Rio Tinto plc (LON:RIO) has entered into a binding agreement to acquire all of the remaining shares of Turquoise Hill Resources Ltd (NYSE: TRQ) that Rio Tinto does not currently own. The Independent Directors of Turquoise Hill have unanimously recommended that Turquoise Hill minority shareholders vote in favour of the Transaction and, together with senior officers of Turquoise Hill, have entered into voting support agreements with respect to all of the Turquoise Hill shares they own or control. The Transaction delivers significant value to Turquoise Hill minority shareholders with the certainty of an all-cash offer of C$43 per share, which is Rio Tinto''s best and final offer. This represents a premium of 67% to Turquoise Hill''s closing price of C$25.68 per share on 11 March 2022, the day prior to Rio Tinto''s initial public proposal to acquire Turquoise Hill. Rio Tinto has agreed to provide Turquoise Hill with secured short-term liquidity during the Transaction period of up to US$1.1 billion (subject to certain pre-conditions), which would need to be repaid from an equity raising from shareholders in the first half of 2023 if the Transaction is not approved by shareholders.
TD and Royal Bank profit off the growth of Canada''s natural resource sector. Read more to see why I consider TD and RY as a way to play Canada''s strong growth.
Joins Royal Bank of Canada in aiming to reduce remote work for staff
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES / GROSS PROCEEDS OF PREVIOUSLY ANNOUNCED CONVERTIBLE DEBENTURE FINANCING INCREASED TO $155 MILLION TORONTO , Aug. 31, 2022 /CNW/ - NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH ) ("NorthWest" or the "REIT") announced today the issuance of an additional $20.25 million aggregate principal amount of 6.25% convertible unsecured subordinated debentures of the REIT. The issuance was pursuant to the exercise in full of an over-allotment option (the "Over-Allotment Option") granted by the REIT to a syndicate of underwriters co-led by RBC Capital Markets and Scotiabank in connection with the REIT''s recent offering of 6.25% convertible unsecured subordinated debentures, on a bought deal basis (the "Offering"), which closed on August 25, 2022 . The exercise of the Over-Allotment Option increases the total gross proceeds of the Offering to $155.25 million . For more information on the Offering, please refer to the REIT''s news release issued on August 25, 2022 .
Oil and gas supermajors are on course to repurchase their shares at near-record levels this year thanks to soaring oil and gas prices helping them to deliver bumper profits and boost returns for investors. According to data from Bernstein Research, the seven supermajors–including ExxonMobil (NYSE: XOM), Chevron (NYSE: CVX), BP (NYSE: BP) and Shell (NYSE: SHEL)--are poised to return $38bn to shareholders through buyback programmes this year, with investment bank RBC Capital Markets putting the total figure even higher, at $41bn. …
The latest Canadian banking sector earnings season continues to surprise investors. While some of the largest Canadian banks, like Royal Bank of Canada and Bank of Nova Scotia, continue to disappoint investors by missing analysts’ estimates, some smaller banks are continuing to beat expectations. In this article, I’ll talk about the latest quarterly results of […] The post Bank Earnings: 1 of the Best Canadian Bank Stocks for Beginners to Buy Now – The Motley Fool Canada appeared first on Canada News Media .
RY earnings call for the period ending June 30, 2022.
TORONTO — Canada’s main stock index rose on Wednesday as resource shares climbed and despite rising bond yields as well as disappointing earnings from Royal Bank of Canada, the country’s biggest bank. The Toronto Stock Exchange’s S&P/TSX composite index ended up 36.03 points, or 0.2%, at 20,021.38. Wall Street also rose as investors awaited the […]
Net income at the Toronto-based bank dipped by double digits during the fiscal third quarter. But the company''s U.S. operations, including City National Bank in Los Angeles, fared better.
Futures Flat After Hawkish Fed Comments, Dollar Ascent Resumes The downbeat market mood continued for a fourth day, with US stock futures turning red and erasing earlier gains after a three-day drop saw the S&P 500 lose $1.4 trillion in market capitalization amid renewed concerns about a hawkish Fed and a potential J-Pow bomb during Friday''s J-Hole symposium (that said, with expectations so bearish, there is almost no way Powell can sound hawkish). S&P 500 futures dropped 0.1% at 7:00am ET after falling as much as 0.5%. Nasdaq 100 futures were also modestly red as the yield on the 10-year Treasury hit 3.05%. The US dollar reversed yesterday''s sharp drop and extended its recent surge as the EURUSD resumed its plunge trading ever farther from parity, and at 0.992 last. Oil meanwhile has continued its ascent, pushing Brent above $100, and leading to the first Diesel price increase at the Pump since mid-June. “Globally we haven’t seen a deceleration like this that has been so synchronized in many decades,” Frances Stacy, director of strategy at Optimal Capital Advisors LLC, said on Bloomberg Television. “I don’t want to be directional” in picking trades, she added.
Companies Reporting Before The Bell • CNFinance Hldgs (NYSE: CNF ) is estimated to report quarterly earnings at $0.03 per share on revenue of $69.74 million. • iMedia Brands (NASDAQ: IMBI ) is estimated to report quarterly loss at $0.22 per share on revenue of $154.45 million. • Royal Bank of Canada (NYSE: RY ) is estimated to report quarterly earnings at $2.68 per share on revenue of $9.43 billion. • TDCX (NYSE: TDCX ) is likely to report quarterly earnings at $0.17 per share on revenue of $114.16 million. • ATRenew (NYSE: RERE ) is expected to report quarterly loss at $0.44 per share on revenue of $348.85 million. • Hoegh LNG Partners (NYSE: HMLP ) is expected to report quarterly earnings at $0.37 per share on revenue of $35.19 million. • StealthGas (NASDAQ: GASS ) is estimated to report quarterly earnings at $0.18 per share on revenue of $36.20 million. • Petco Health and Wellness (NASDAQ: WOOF ) is likely to report quarterly earnings at $0.23 per share on revenue of $1.49 billion.
Royal Bank of Canada (NYSE: RY ) is set to give its latest quarterly earnings report on Wednesday, 2022-08-24. Here''s what investors need to know before the announcement. Analysts estimate that Royal Bank of Canada will report an earnings per share (EPS) of $2.68. Royal Bank of Canada bulls will hope to hear the company to announce they''ve not only beaten that estimate, but also to provide positive guidance, or forecasted … Full story available on Benzinga.com
BRAMPTON, ON , Aug. 22, 2022 /CNW/ - (TSX: L ) – Today, Loblaw Companies Limited ("Loblaw" or the "Company") announced that it has agreed to issue, on a private placement basis to qualified accredited investors in each of the Provinces of Canada , $800 million aggregate principal amount of senior unsecured notes of the Company in two series (the "Offering"). The Offering includes (i) $400 million aggregate principal amount of series 2032 notes that will bear interest at a rate of 5.008% per annum and will mature on September 13, 2032 , and (ii) $400 million aggregate principal amount of series 2052 notes that will bear interest at a rate of 5.336% per annum and will mature on September 13, 2052 (collectively, the "Notes"). The Notes are being offered on an agency basis by a syndicate of agents led by TD Securities, CIBC Capital Markets, RBC Capital Markets, BMO Capital Markets and Scotia Capital. Subject to customary closing conditions, the Offering is expected to close on September 13, 2022 .
Key Events This Week: All Eyes On J-Pow''s J-Hole Speech Now that Q2 earnings season is officially over, and liquidity is especially dismal with more than half of Wall Street pros on vacation, the annual plenary of the global central bank cognoscenti kicks off in Jackson Hole this week. As DB''s Tim Wessel puts it, the main macro event of the deep dog days of summer – where this year’s theme is “Reassessing Constraints on the Economy and Policy” – will be kicked off by Jerome Powell’s remarks on Friday morning. Commenting on the week''s main event, Bloomberg''s Garfield Reynolds writes that equity investors may be more on edge than normal going into this year’s Jackson Hole gathering as there is plenty of anticipation Powell "will push back hard against the considerable loosening in financial conditions, a decent part of which has involved the strong rebound rallies in equities." As Reynolds further notes, the dollar just had its biggest weekly gain since the pandemic and the risks look skewed toward the upside as "stocks globally have been moving inversely in line with the dollar, so if the greenback busts out to fresh record highs it’s likely equities would make fresh lows" and " s hares are a lot further away from this cycle’s troughs than the dollar is from recent peaks." That said, while the strength of the USD last week suggests that a J-Hole "Hawk-ano" is a popular market view, there are whispers that Powell will be more cognisant of the impact of USD strength on other economies and may therefore chose not to project an overly hawkish view.
/NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES / TORONTO , Aug. 22, 2022 /CNW/ - Chemtrade Logistics Income Fund (TSX: CHE ) (" Chemtrade " or the " Fund ") announced today that it has completed its previously-announced public offering of trust units (" Trust Units ") at a price of $8.65 per Trust Unit. The underwriters elected to exercise the over-allotment option in full, resulting in a total of 10,005,000 Trust Units being issued today for gross proceeds of approximately $86.5 million (the " Offering "). The Trust Units were sold to a syndicate of underwriters led by BMO Capital Markets and RBC Capital Markets, and which included CIBC Capital Markets, National Bank Financial Inc., Scotiabank, TD Securities Inc. and Desjardins Securities Inc. (collectively, the " Underwriters "), on a bought deal basis. Chemtrade intends to use the net proceeds from the Offering to partially finance Chemtrade''s previously announced ultrapure sulphuric acid growth projects to expand capacity at its existing Ohio plant and to build a new plant in Arizona .
Since the start of the COVID-19 pandemic in March 2020, many companies around the globe had their employees working remotely or from home. Two years later, many companies are asking for employees to return to the office, at least part-time. Employers believe that being in an office setting drives creativity, boosts productivity and helps embrace diversity. Two that are pushing for a return to the office are JPMorgan Chase & Co (NYSE: JPM ) and Royal Bank of Canada (NYSE: RY ). JPMorgan Chase CEO Jamie Dimon recently blasted working from home and Zoom Video Communications Inc (NASDAQ: ZM ) by calling it “management by Hollywood Squares.” Dimon referred to this old TV show during a call with the bank clients last week to reiterate his long-held preference for in-office working. Dimon also argued on the … Full story available on Benzinga.com
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES ./ TORONTO , Aug. 17, 2022 /CNW/ - (TSX: SBC ) (TSX: SBC ) Brompton Split Banc Corp. (the "Company") is pleased to announce it is undertaking an overnight treasury offering of class A and preferred shares (the "Class A Shares" and "Preferred Shares", respectively). The sales period for this overnight offering will end at 9:00 a.m. (ET) on Thursday , August 18, 2022. The offering is expected to close on or about August 25, 2022 and is subject to certain closing conditions including approval by the Toronto Stock Exchange ("TSX"). The Class A Shares will be offered at a price of $12.20 per Class A Share for a distribution rate of 9.8% on the issue price, and the Preferred Shares will be offered at a price of $10.00 per Preferred Share for a yield to maturity of 7.9%. (1) The closing price on the TSX for each of the Class A and Preferred Shares on August 16, 2022 was $12.65 and $9.99 , respectively. The Class A Share and Preferred Share offering prices were determined so as to be non-dilutive to the most recently calculated net asset value per unit of the Company ("Unit") (calculated as at August 11, 2022 ), as adjusted for dividends and certain expenses to be accrued prior to or upon settlement of the offering.
TSX: NWH.UN /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES / TORONTO , Aug. 17, 2022 /CNW/ - NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH ) ("NorthWest" or the "REIT") is pleased to announce that, due to strong demand, it has increased the size of its previously announced public offering, on a "bought deal" basis, of convertible unsecured subordinated debentures (the "Debentures") to $135 million . The Debentures are being offered to the public at a price of $1,000 per Debenture, with an interest rate of 6.25% per annum, payable semi-annually on the last date of August and February commencing on February 28, 2023 (the "Offering"). The Debentures will mature on August 31, 2027 . The Offering is being made through a syndicate of underwriters co-led by RBC Capital Markets and Scotiabank. The REIT has also granted the underwriters the option to purchase up to $20.25 million principal amount of additional Debentures at a price of $1,000 per Debenture to cover over-allotments, exercisable in whole or in part anytime up to 30 days following closing of the Offering.
CALGARY, AB , Aug. 17, 2022 /CNW/ - AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA ) today announced that it has closed its previously announced offering of $250 million of 7.35% Fixed-to-Fixed Rate Subordinated Notes, Series 2 due August 17, 2082 (the " Offering "). The Company intends to use the net proceeds of the offering to redeem or repurchase its outstanding cumulative redeemable five-year rate reset preferred shares, series C (TSX: ALA ). The subordinated notes are being offered through a syndicate of underwriters, co-led by BMO Capital Markets, RBC Capital Markets and Scotiabank, under AltaGas'' short form base shelf prospectus dated February 22, 2021 , as supplemented by a prospectus supplement dated August 4, 2022 . This news release does not constitute an offer to sell or the solicitation of an offer to buy the subordinated notes in any jurisdiction. The subordinated notes have not been approved or disapproved by any regulatory authority. The subordinated notes have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities law, and may not be offered or sold within Full story available on Benzinga.
TSX: NWH.UN /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES / TORONTO , Aug. 16, 2022 /CNW/ - NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH ) ("NorthWest" or the "REIT") announced today a public offering, on a "bought deal" basis, of $125 million principal amount of convertible unsecured subordinated debentures (the "Debentures"), at a price of $1,000 per Debenture, with an interest rate of 6.25% per annum, payable semi-annually on the last date of August and February commencing on February 28, 2023 (the "Offering"). The Debentures will mature on August 31, 2027 . The offering is being made through a syndicate of underwriters co-led by RBC Capital Markets and Scotiabank. The REIT has also granted the underwriters the option to purchase up to $18.75 million principal amount of additional Debentures at a price of $1,000 per Debenture to cover over-allotments, exercisable in whole or in part anytime up to 30 days following closing of the Offering.
Investors can trust top TSX stocks like Royal Bank of Canada (TSX:RY)(NYSE:RY) and Fortis Inc. (TSX:FTS)(NYSE:FTS) for the next 30 years. The post 3 TSX Stocks to Hold for the Next 3 Decades appeared first on The Motley Fool Canada .
Royal Bank of Canada will seek to have its employees come to the office more frequently, an early sign that the country’s big banks may follow their US rivals in cutting back on remote work.
Royal Bank of Canada (RY) topped analyst estimates in Q2 amid strong lending growth and a further release of COVID-19 loan loss provisions. Read more here.
These corporate claims were filed with the BC Supreme Court registry in Vancouver. Information is derived from notices of civil claim. Civil claims have not been tested or proven in court. Defendants Janice Hiu Yan Ting and Jeffery Ting and Un Tro Business Development and Ephrathei De Bethleem Developments Ltd. Plaintiff Bank of Montreal Claim $605,578 for debt arising from loans advanced to defendants based on “false pretences and misrepresentations.” Defendants Daniel Siu Keung Pang and Daniel Pang Personal Real Estate Corp. and Multiplicamini Holdings Ltd. Plaintiff Bank of Montreal Claim $547,828 for debt arising from loans advanced to defendants based on “false pretences and misrepresentations.” Defendants John Doe and Jane Doe also known as the person identified as account holder “RML” at Canadian Imperial Bank of Commerce Plaintiff Happy Planet Foods Inc. Claim $570,701 for the return of funds fraudulently obtained from plaintiff’s account by an impostor who posed as one of the plaintiff’s suppliers.
Equities research analysts at Desjardins dropped their FY2022 earnings per share (EPS) estimates for shares of Royal Ban … Read Full Story at source (may require registration) The post Equities Analysts Set Expectations for Royal Bank of Canada’s FY2022 Earnings (TSE:RY) appeared first on ForexTV .
Related Stocks: BMO , BNS , CM , RY , TD ,
Investor Conference Call on August 11, 2022 at 8:00 a.m. ET TORONTO , Aug. 10, 2022 /CNW/ - Baylin Technologies Inc. (TSX: BYL ) (the "Company" or "Baylin"), a diversified global wireless technology company focused on research, design, development, manufacture and sales of passive and active radio frequency products, satellite communications products, and supporting services, today announced its financial results for the three and six months ended June 30, 2022. All amounts are stated in Canadian dollars unless otherwise indicated. SECOND QUARTER SUMMARY Revenue of $30.1 million in the second quarter of 2022, an increase of $8.5 million or 39.4% compared to the second quarter of 2021. The increase was primarily due to stronger sales across all the business lines despite continuing supply chain disruptions, chipset shortages and the COVID-19 pandemic, which also negatively impacted revenue in the prior year period. Gross profit of $9.0 million in the second quarter of 2022, an increase of $12.5 million compared to a gross loss of $3.5 million in the second quarter of 2021.
Related Stocks: SJR , GSK N , BAM , GSK , RY ,
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES ./ TORONTO , Aug. 8, 2022 /CNW/ - Sun Life Financial Inc. (TSX: SLF ) (NYSE: SLF ) (the "Company") announced today that it intends to issue in Canada $650 million principal amount of Series 2022-1 Subordinated Unsecured 4.78% Fixed/Floating Debentures due 2034 (the "Debentures"). The offering is expected to close on August 10, 2022 . The net proceeds will be used for general corporate purposes of the Company, which may include investments in subsidiaries, repayment of indebtedness and other strategic investments. Details of the offering will be set out in a pricing supplement that the Company intends to issue pursuant to its short form base shelf prospectus and its prospectus supplement, each dated March 19, 2021 , all of which are or will be available on the SEDAR website for Sun Life Financial Inc. at www.sedar.com . The Debentures will be sold on a best efforts agency basis by a syndicate led by RBC Capital Markets, BMO Capital Markets and TD Securities, as co-leads.
TipRanks is all about bringing together expert advice from around the world on the best stocks to buy - and we''ve picked five British stocks tipped by some of the top analysts with an interest in the UK. The TipRanks Expert Centre provides a comprehensive list of analysts and the stocks they rate. We''ve chosen five top analysts who have opinions on British stocks to buy. Benjamin Toms – Close Brothers Group Toms is a director at RBC Capital Markets and is focused on banking and financial stocks. He has a success rate of 66% with an average return of 12.4% per transaction.
CALGARY, AB , Aug. 4, 2022 /CNW/ - AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA ) today announced that it has priced an offering of $250 million of 7.35% Fixed-to-Fixed Rate Subordinated Notes, Series 2 due August 17, 2082 (the " Offering "). The Offering is expected to close on or about August 17, 2022 . The Company intends to use the net proceeds of the offering to redeem or repurchase its outstanding cumulative redeemable five-year rate reset preferred shares, series C (TSX: ALA ). The subordinated notes are being offered through a syndicate of underwriters, co-led by BMO Capital Markets, RBC Capital Markets and Scotiabank, under AltaGas'' short form base shelf prospectus dated February 22, 2021 , as supplemented by a prospectus supplement dated August 4, 2022 . This news release does not constitute an offer to sell or the solicitation of an offer to buy the subordinated notes in any jurisdiction. The subordinated notes have not been approved or disapproved by any regulatory authority.