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TD said it would be challenging to meet its medium-term adjusted earnings growth target range of 7%-10% in the new fiscal year. It reported adjusted earnings of C$1.83 per share, 7 Canadian cents shy of estimates. RBC reported adjusted earnings of C$2.78 per share, comfortably beating expectations of C$2.62, according to LSEG data. CIBC also beat profit expectations as it set aside smaller-than-expected loan provisions and is slashing costs through a 5% reduction in its workforce, or about 2,400 jobs. The lender, Canada's fifth biggest, reported adjusted earnings of C$1.57 per share, compared with expectations of C$1.53.

Persons: Mark Blinch, Gabriel Dechaine, Kelvin Tran, Victor Dodig, Dave McKay, Niket, Balu, Arasu Kannagi Basil, Shinjini Ganguli, Kirsten Donovan, Mark Porter Organizations: Royal Bank of Canada, REUTERS, Canadian Imperial Bank of Commerce, RBC, National Bank, CIBC, TD Bank, Bank Nova Scotia, Bank of Montreal, Scotiabank, Tuesday, Thomson Locations: Toronto, dealmaking, PCLs, Canada, United States, U.S, Bengaluru

☆ Britain see off Australia, Spain and Italy lose in Davis Cup
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +3 min

MANCHESTER, Sept 13 (Reuters) - Britain battled to victory over last year's Davis Cup runners-up Australia in their Finals group stage opener on Wednesday, while Spain and Italy both suffered chastening defeats at home in the premier men's team competition. "It's amazing to play my first Davis Cup tie in the UK in this sort of arena. In Valencia, the Czech Republic took an unassailable 2-0 lead over hosts Spain, who were missing Carlos Alcaraz after the world number two decided to pull out of the squad to recover following his U.S. Open semi-final defeat. Italy also endured a disappointing day in front of home fans in Bologna, as defending champions Canada secured a comfortable Group A victory in a re-match of last year's semi-final. Italy are without Jannik Sinner and Matteo Berrettini this week but still have three top-50 singles players in the squad.

Persons: year's, chastening, Jack Draper, Leon Smith's, Thanasi, Draper, Leon, Dan Evans, Alex de Minaur, Carlos Alcaraz, Tomas Machac, Bernabe Zapata Miralles, Jiri Lehecka, Alejandro Davidovich Fokina, Alexis Galarneau, Lorenzo Sonego, Gabriel Diallo, Lorenzo Musetti, Denis Shapovalov, Felix Auger, Milos Raonic, Matteo Berrettini, Mackenzie McDonald, Dino Prizmic, Gojo, Frances Tiafoe, Austin Krajicek, Rajeev Ram, Ivan Dodig, Pavic, Shrivathsa Sridhar, Toby Davis Organizations: MANCHESTER, Britain, Manchester, Davis, U.S, Serbia, Canada, Croatia, Thomson Locations: Australia, Spain, Italy, Britain, Valencia, Czech Republic, Malaga, Bologna, Canada, United States, U.S, Bengaluru

☆ He Nearly Gave Up on Tennis to Sell Insurance. Then a Friend Called.
▼ + stars: | 2023-07-07 | by ( Matthew Futterman | More About Matthew Futterman | ) www.nytimes.com time to read: +1 min

Even his text messages to her came at the same time each day, including his check-ins about their two golden doodles, Tucker and Moose. “There was no way I was going to mess that up.”The final matched Krajicek and Dodig against Sander Gillé and Joran Vliegen of Belgium. Krajicek and Dodig seized control at the start and never gave it up. She Facetimed him as soon as the ball landed so that when he looked at his phone, he would see she had called. He reminded her of all the times he had wistfully said he was going to get to the top.

Persons: Tucker, Moose, Krajicek, “, ” Kedzierski, Dodig, Sander Gillé, Kedzierski, wistfully Organizations: Wimbledon Locations: Paris, Belgium, Dallas, Europe

☆ UK could borrow a leaf from Canada’s mortgage book
▼ + stars: | 2023-07-07 | by ( Edward Chancellor | ) www.reuters.com time to read: +6 min

The amount of mortgage debt rose even more sharply. This would require lenders to fix total monthly payments – of both interest and principal – relative to the outstanding mortgage balance. When interest rates rise sharply, as is happening now, repayments might be less than the monthly interest bill. The amount of mortgage debt outstanding would then increase as unpaid interest is added to the principal – a situation known as “negative amortisation”. Since borrowers always hand over a proportion of their income, mortgage payments wouldn’t shrink when interest rates decline.

Persons: Irving Fisher, ”, “, Neal Hudson, Michael Gove, Patrick Macaskie, Victor Dodig, Edward Chancellor, Peter Thal Larsen, Oliver Taslic Organizations: Reuters, Bank of England, Office, National Statistics, Bank of, Fiscal Studies, Canadian Imperial Bank of Commerce, CIBC, Reuters Graphics, Thomson Locations: United Kingdom, ”, Britain, England, Bank of England, United States, Canada

☆ Swiatek reigns supreme at French Open by quelling Muchova
▼ + stars: | 2023-06-10 | by ( Shrivathsa Sridhar | ) www.reuters.com time to read: +5 min

"First of all congratulations to Karolina," said Swiatek, who became the first woman to successfully defend the Roland Garros women's singles title since Justine Henin in 2007. EMOTIONAL SCENESThat sparked emotional scenes on centre court as Swiatek shed tears of joy before joining her family in the crowd for a celebration. For Muchova, it was a first defeat against a player ranked in the top three in six meetings. Tournament director Amelie Mauresmo said of the Pole: "She's getting this special relationship with Roland Garros over the years. Reporting by Shrivathsa Sridhar and Karolos Grohmann in Paris; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: Roland Garros, Iga, Suzanne Lenglen, Karolina Muchova, Iga Swiatek, Swiatek, Monica Seles, Seles, Naomi Osaka, Karolina, Justine Henin, It's, Philippe Chatrier, Muchova, Swiatek shrugged, We've, Serena Williams, Arantxa Sanchez Vicario, Amelie Mauresmo, She's, Ivan Dodig, Austin Krajicek, Sander Gille, Joran, Shrivathsa Sridhar, Karolos, Ken Ferris Organizations: Czech, Karolina Muchova REUTERS, U.S, Thomson Locations: Paris, France, PARIS, Poland, Prague, Czech, Croatian, American

☆ HSBC's Canada unit loses National Bank, CIBC as bidders, Global and Mail reports
▼ + stars: | 2022-10-30 | by ( ) www.reuters.com time to read: +1 min

HSBC disclosed on Oct. 4 that it was considering selling HSBC Bank Canada, a unit that analysts estimate to be valued around C$8 billion ($5.88 billion) to C$10 billion ($7.35 billion). The Globe and Mail, in its report on Friday, quoted sources familiar with the process as saying that the field of contenders to acquire HSBC Bank Canada from the British lender was narrowing. HSBC Bank Canada includes four divisions covering HSBC's commercial banking, personal banking, investment banking and markets services business in the country. National Bank of Canada declined to comment on the Global and Mail report. HSBC, CIBC and BMO did not immediately respond to requests for comment.

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