TD
The bank week that’s beating expectations
Feb. 26: TD reports a net profit, while CIBC still sees earnings fall – but both surprised. Plus, wage and inflation numbers are released today
Shareholders rejoice: Canada’s five biggest banks delivered $7.8 billion in profits
There are headwinds ahead, say experts, but fatty dividends for now
The runaway economy
In the rush to recovery, a new threat looms: inflation
The Commons: So much to answer for
From the deficit to asset review to Canada Pension, all arrows were aimed at Flaherty
The indictment
From Michael Ignatieff’s scrum after QP today.
RBC will show some guts…maybe
I am delighted to see that Gord Nixon is prepared for a little prudent treasure hunting amid the wreckage of the U.S. financial system. This is encouraging in the wake of JP Morgan’s shotgun takeover of Washington mutual last night. JPM takes on an estimated $31 billion in troubled loans, but also gets a hold of America’s biggest savings and loan, reaching almost half of the country’s population, for a mere $1.9 billion. TD was one of several banks that had expressed interest in WaMu, but this big fish goes to the same bank that swallowed Bear Stearns las March at government behest.