National Bank Of Canada (NTIOF:US)

National Bank Of Canada News

• Canada Dollar Rises to 4-Week High on Rate-Increase Speculation

  The Canadian dollar touched its highest point in four weeks against its U.S. peer as signs of growth in the North American economy boosted bets the Bank of Canada will raise interest rates earlier than expected.

• Kinross Drops Plan to Develop Ecuadorean Gold Mine

  Kinross Gold Corp., Canada’s third- largest producer by revenue, decided to stop developing the Fruta del Norte mining project in Ecuador after it couldn’t agree with the government on economic and legal terms.

• Manulife’s John Hancock to Buy Broker-Dealer From Symetra

  Manulife Financial Corp., Canada’s largest insurer, said its John Hancock unit reached a deal to acquire a broker-dealer and investment adviser firm from Symetra Financial Corp. to expand in the U.S.

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  Blankfein Leads Pay List Amid 7.7% Increase for Bank CEOs

  Bankers at Goldman Sachs Group Inc. had a tumultuous 2012. The firm cut 900 jobs, promoted the fewest executives to the exalted post of partner in more than a decade and slashed the portion of revenue set aside for compensation to 38 percent from 42 percent a year earlier.

• RBC Joins CIBC Posting Profit Gains on Canadian Lending

  Royal Bank of Canada, the country’s largest lender, and Canadian Imperial Bank of Commerce posted higher second-quarter profits amid gains in domestic consumer lending and a decline in provisions for bad loans.

• Canada Dollar Falls to 1-Year Low on Wagers Fed to Slow Buying

  The Canadian dollar fell to a one- year low against its U.S. peer after confidence among America’s consumers climbed in May to a five-year high, boosting speculation the Federal Reserve could taper its monetary stimulus.

• Fiera Targets U.S. for $150 Billion Asset Goal: Corporate Canada

  Fiera Capital Corp., the Canadian money manager trading close to a five-year high, plans to more than double its assets to C$150 billion ($145 billion) by adding smaller U.S. firms.

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  Scotiabank Profit Increases 9.6% as ING Direct Adds

  Bank of Nova Scotia, Canada’s third- biggest lender by assets, said second-quarter profit rose 9.6 percent on contributions from its takeover of ING Groep NV’s business in the country. Results missed analysts’ estimates.

• National Bank Posts Record Adjusted Profit

  National Bank of Canada, the country’s sixth-largest lender, raised its dividend by 4.8 percent as it posted record second-quarter adjusted profit on consumer-lending growth.

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  First TD Buyback in 6 Years Seen Helping Stock: Corporate Canada

  Toronto-Dominion Bank’s first share buyback in more than six years adds to a 10-year high in Canadian capital repurchases as companies try to soften the blow of underperforming stock prices.

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