02:10 PM EST, 12/06/2024 (MT Newswires) -- Avery Shenfeld has used his 'The Week Ahead' note on this Friday to address those who have been questioning CIBC's long held forecast that the Bank of Canada will, and ought to, deliver a second consecutive 50 basis point rate cut in its December announcement next week. Shenfeld said: Virtually every Canadian forecaster...

01:54 PM EST, 12/06/2024 (MT Newswires) -- National Bank is keeping its Sector Perform rating and $84 target on BRP shares following fiscal third-quarter results that beat expectations. Challenging powersports end market conditions for at least the next several quarters are arguably already priced into the share price, and we do expect F2025 will be the trough earnings year for...

(Reuters) - Goldman Sachs ( GS ) is exploring options, including a potential sale, for its ETF Accelerator platform designed to help the bank's institutional clients launch their own exchange-traded funds, a source familiar with the matter told Reuters on Friday. This platform is separate from the ETF business of Goldman Sachs' ( GS ) asset management arm, the source...

02:00 PM EST, 12/06/2024 (MT Newswires) -- According to Avery Shenfeld, the jump in the unemployment rate had the market come around to CIBC's view that the Bank of Canada will deliver a 50 bp rate cut in the week ahead, which should come as no surprise at this point. Shenfeld noted this isn't an announcement with a new monetary...