Posthaste: How to play the market in troubled times, buyback boom and RBC’s stake in rewards business

From today till Saturday, dozens of central bankers, policymakers, academics and economists will descend on Jackson Hole, Wyo. to participate in the annual Jackson Hole Economic Policy Symposium, hosted by the Federal Reserve Bank of Kansas City.

TD Bank Group economist Sri Thanabalasingam says the market-spooking events over the past few weeks are hard to ignore for central bankers. In Canada, The Canadian Imperial Bank of Commerce beat analysts’ estimates for third-quarter profit, as gains in domestic retail and U.S. commercial banking offset a jump in loan loss provisions and weakness in its capital markets unit, according to Reuters. The bank also raised its dividend.

The Bank of Canada is set to release its next interest rate decision on Sept. 4. The bank has held interest rates steady since October 2018 and is not expected to move for the rest of the year.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘The American disease’: Canadian companies pouring cash into stock buybacks as backlash grows abroadCritics say buybacks suppress wages, drive inequality, decrease investment, hurt competitiveness and destroy economies
Source: nationalpost - 🏆 10. / 80 Read more »

RBC kicks off big bank earnings with dividend hike, rise in profitRBC kicks off big bank earnings with dividend hike, rise in profit GlobeBusiness
Source: globeandmail - 🏆 5. / 92 Read more »

RBC hikes dividend, posts profit gain as bank earnings kick offStrong results from personal and commercial banking as well as wealth management help offset a weak quarter in capital markets
Source: globeandmail - 🏆 5. / 92 Read more »