More layoffs to come as banks deal with challenging economic environment
A number of major Canadian and U.S. banks have announced job cuts in recent weeks, with some warning of more layoffs to come as financial institutions deal with a challenging economic environment.
“As broader macroeconomic headwinds remain intact for Canadian banks, we can expect to see those trends to continue,” he said. “ it’s hard to say exactly where we’ll see those reductions going forward,” D’Souza added, saying he wouldn’t be surprised to see a headcount reduction continue across the banks.
Elon Musk acted like a 'little baby' and was 'almost in tears' on Tesla's 'terrible' earnings call, analyst says
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street analysts on impact of rising yields on stocksSeveral Wall Street analysts, including Morgan Stanley's Mike Wilson and RBC Capital Markets' Lori Calvasina, published notes illustrating stock market risks...
Read more »
Stock market today: Wall Street drifts lower as pressure rises from the bond marketNEW YORK (AP) — Wall Street is drifting lower in early trading as pressure from the bond market continues to build. The S&P 500 was down 0.5% early Monday. The Dow lost 171 points, and the Nasdaq composite was off 0.6%.
Read more »
Microsoft Q1 earnings preview: Wall Street looks for signs of AI-powered growthMicrosoft will report its Q1 earnings after the bell on Thursday, as investors look for signs that its AI investments are paying off.
Read more »
Why doppelgängers are real, and why some people are trying to find theirsNathaniël Siri and Edward Toledo are two doppelgӓngers who found each other years ago. 'It's like some sort of weird connection that I can't really explain,' says Toledo.
Read more »
Taylor Swift Outdraws Scorsese, Holding Hollywood Royalty at BayThe film version of Taylor Swift’s stadium tour held on to the box-office lead for a second-straight weekend, outdrawing a new Martin Scorsese drama from Apple Inc.
Read more »
Battery recycling adds juice to Avalon’s Thunder Bay lithium plansLithium junior miner colours in the details of its proposed processing and technology park
Read more »