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Royal Bank of Canada (RBC) announces plans of launching a consumer bank in the U.S

In an announcement on Friday, the Royal Bank of Canada (RBC) announced plans of launching a consumer bank in the U.S that will primarily target the wealthier clients. As per the CFO, the move scheduled for next year will help the Canadian central bank to expand its deposits. The CFO further commented that the RBC now wishes to replicate t...

Canopy Growth Corp climbs 20% on Friday following upbeat quarterly performance results

Canopy Growth Corp announced on Friday that it was successful in containing its loss in the recent quarter. Thanks to the company’s commitment towards costs reduction, the Canadian cannabis company recorded smaller than expected loss in Q3 that saw its stock trading up by 20% later in the day. The company posted a massive 14% reduction in...

Burger King Parent’s Stock Rises After Sales Beat

Shares of Restaurant Brands International, a parent company of fast-food chain Burger King, Popeyes, and Tim Hortons, rose nearly 3% on Monday after the company said its fourth-quarter sales rose almost 7% to $1.48 billion, slightly better than the $1.46 billion expected from the market analysts. “We have three iconic restaurant bra...

Restaurant Brands International beats analysts’ estimates for earnings and revenue in the recent quarter

Restaurant Brands International (RBI) announced its quarterly performance results on Monday that revealed better than expected revenue and earnings for the company in the recent quarter. Much of the optimism, as per the Canadian multinational fast-food holding company, was attributed to the return of Popeyes’ famous chicken sandwich. The...

Canada Goose expects a C$51.6 million hit to its revenue in fiscal 2020 ascribed to the Coronavirus outbreak

Canada Goose Holdings announced on Friday that its stores in China are struggling with sharply declining traffic owing to the recent outbreak of Coronavirus. The health emergency, the company added, has also affected the sales at domestic stores due to broader travel restrictions. According to Canada Goose, the virus crisis is expected to...

Chinese smartphone manufacturers to collaborate and build a platform to challenge Google’s Play Store

China’s smartphone giants including Huawei Technologies, Vivo, Xiaomi, and Oppo have recently announced that they plan on collaborating to build a solid platform that will enable foreign developers to upload their applications to the new store. The move, as per the analysts, is directed at competing against Google’s Play Store that curren...

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