Foot Locker (FL) shares are trading higher on Friday after receiving an upgrade from Citi analysts. The firm has raised its rating on the company from Sell...
) shares are trading higher on Friday after receiving an upgrade from Citi analysts. The firm has raised its rating on the company from Sell to Neutral, stating that the retailer's shift in focus from digital channels to wholesale channels could benefit the stock.
Competition for customer deposits among Canadian banks is expected to intensify with the likely onset of lower interest rates as clients divert funds parked in high-yielding fixed income products to riskier investments in search of better returns, analysts and executives say. For banks, sticky customer deposits are a cheaper source of funding that keeps costs under check and boosts lending margins.
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