Corporate diary

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The five - Royal Bank of Canada, Toronto-Dominion, Bank of Nova Scotia, Canadian Imperial Bank of Commerce and Bank of Montreal - have benefited from an unexpectedly strong rebound in the Canadian economy, especially the housing market. Andre-Philippe Hardy, analyst at RBC Capital Markets, Royal Bank's securities arm, last week lifted his estimate of the banks' 2010 and 2011 earnings by 4-5 per cent.

* Richemont , the world's second-biggest luxury goods group best known for its Cartier jewellery and Montblanc pens, should report a strong rebound for its 2009-10 financial year to March 31, writes Haig Simonian .

Attention will focus on the outlook from Johann Rupert, the group's traditionally cautious executive chairman, to see whether Richemont's reference shareholder has grown significantly more bullish of late.
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