In this photo illustration, three screens display the splash page for the Meta page on the facebook website on October 29, 2021 in London, England.Big Tech earnings in focus:
It’s a busy day for earnings, with more than a dozen high profile companies revealing quarterly results, but numbers from tech megacaps will dominate the day. Meta posted results after the bell on Wednesday;. The social media giant revealed that it had 3.27 billion users across all of its apps as of June 30, a seven per cent increase from a year ago.
. According to a government notice, the Minister of Finance has issued letters patent incorporating the lender as a federal regulated financial institution. It’s a key hurdle cleared but the bank still has to get the OK from OSFI before offering banking services. Currently, the lender has a toehold in the Canadian marketplace by offering auto finance, but has been looking to expand. According to filings, the bank has 275 employees in Canada and posted revenues of 73 million euros last year.
on Wednesday, as investors rotate into value, commodity and low-volatility stocks. The index closed at 23,110 yesterday, its 14th record high of the year, but unlike U.S. markets that have mostly been riding the AI boom and technology shares to new highs, the TSX’s strength has been more broad based.