Adjusted earnings per share came in at $1.94 , but it’s a somewhat muddy quarter, all things considered. Net income was down 77 per cent, mostly due to that previously-disclosed US$770 million provision tied to a settlement with Cerberus over an investment product that dates back to the financial crisis. To get back to the bread and butter, revenue at the Canadian personal and business banking unit rose 3.
Today marks the one-year anniversary of the Russian invasion of Ukraine, which has roiled energy and agricultural markets. Shares of Beyond Meat are rallying in the premarket – up about 12 per cent – after the company reported a smaller-than-expected loss in its latest quarter.Notable data: Ottawa’s Fiscal Monitor, U.S. Personal Income & Consumption, U.S. New Home Sales, University of Michigan Consumer Sentiment IndexG20 Finance Ministers and Central Bank Governors Meeting in Bengaluru, India
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