Royal Bank of Canada's trading division led the way to a profit beat in the first quarter.
Royal Bank of Canada's trading division led the way to a profit beat in the first quarter. Full credit to the bond desk here – capital markets revenue was up nine per cent from a year ago, with net income of $1.223 billion on higher fixed income trading. That said, it’s still a mixed bag, which is sort of becoming a theme with this quarter of bank earnings.
Enbridge is planning an additional $3.3 billion in spending to grow the business, with a particular focus on infrastructure tying it to the U.S. gulf coast. Notable data: Calgary Real Estate Board home sales, S&P Global Manufacturing PMI, ISM Manufacturing PMI, U.S. Construction Spending Notable earnings: Royal Bank of Canada, National Bank of Canada, George Weston, Canfor Corp., NFI Group, Dollar Tree, Wendy’s Co., Kohl’s Corp., Abercrombie & Fitch, Lowes, A&W Revenue Royalties Income Fund, Salesforce, Tricon Residential, Tourmaline Oil, Descartes Systems Group, AutoCanada
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