
National Bank of Canada's second-quarter profit rises on strong financial markets business
May 28 (Reuters) - National Bank of Canada (NA.TO), opens new tab reported a rise in second-quarter profit on Wednesday, helped by a robust performance in its financial markets units.
The Canadian lender posted an adjusted profit of C$1.17 billion ($846.78 million), or C$2.85 per share, in the three months ended April 30, compared with a profit of C$906 million, or C$2.54 per share, last year.
($1 = 1.3817 Canadian dollars)
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Sky News
an hour ago
- Sky News
A scrambled G7 agenda as world leaders scramble to de-escalate the Israel-Iran conflict
The return on Donald Trump to the G7 was always going to be unpredictable. That it is happening against the backdrop of an escalating conflict in the Middle East makes it even more so. Expectations had already been low, with the Canadian hosts cautioning against the normal joint communique at the end of the summit, mindful that this group of leaders would struggle to find consensus. Canadian Prime Minister Mark Carney carefully laid down an agenda that was uncontroversial in a bid to avoid any blow-ups between President Trump and allies, who of late have been divided like never before - be it over tariffs and trade, Russia and Ukraine, or, more recently Israel's conduct in Gaza. But discussions around critical minerals and global supply chains will undoubtedly drop down the agenda as leaders convene at a precarious moment. Keir Starmer, on his way over to Canada for a bi-lateral meeting in Ottawa with PM Carney before travelling onto the G7 summit in Kananaskis, underscored the gravity of the situation as he again spoke of de-escalation, while also confirmed that the UK was deploying more British fighter jets to the region amid threats from Tehran that it will attack UK bases if London helps defend Israel against airstrikes. Really this is a G7 agenda scrambled as world leaders scramble to de-escalate the worst fighting between Tel Aviv and Tehran in decades. President Trump has for months been urging Israel not to strike Iran as he worked towards a diplomatic deal to halt uranium enrichment. Further talks had been due on Sunday - but are now not expected to go ahead. All eyes will be on Trump in the coming days, to see if the US - Israel's closest ally - will call on Israel to rein in its assault. The US has so far not participated in any joint attacks with Tel Aviv, but is moving warships and other military assets to the Middle East. Sir Keir, who has managed to strike the first trade deal with Trump, will want to leverage his "good relationship" with the US leader at the G7 to press for de-escalation in the Middle East, while he also hopes to use the summit to further discuss the further the interests of Ukraine with Trump and raise again the prospects of Russian sanctions. "We've got President Zelenskyy coming so that provides a good opportunity for us to discuss again as a group," the PM told me on the flight over to Canada. "My long-standing view is, we need to get Russia to the table for an unconditional ceasefire. That's not been really straightforward. But we do need to be clear about what we need to get to the table and that if that doesn't happen, sanctions will undoubtedly be part of the discussion at the G7." But that the leaders are not planning for a joint communique - a document outlining what the leaders have agreed - tells you a lot. When they last gathered with Trump in Canada for the G7 back in 2018, the US president rather spectacularly fell out with Justin Trudeau when the former Canadian president threatened to retaliate against US tariffs and refused to sign the G7 agreement. Since then, Trump has spoken of his desire to turn Canada into the 51st state of the US, a suggestion that helped catapult the Liberal Party beyond their Conservative rivals and back into power in the recent Canadian elections, as Mark Carney stood on a ticket of confronting Trump's aggression. With so much disagreement between the US and allies, it is hard to see where progress might be made over the next couple of days. But what these leaders will agree on is the need to take down the temperature in the Middle East and for all the unpredictability around these relationships, what is certain is a sense of urgency around Iran and Israel that could find these increasingly disparate allies on common ground.


Reuters
2 hours ago
- Reuters
Japan's Ishiba heads to G7 to press Trump to drop auto tariffs
TOKYO, June 15 (Reuters) - Japanese Prime Minister Shigeru Ishiba heads to Canada on Sunday for trade talks with U.S. President Donald Trump, hoping to persuade him to drop trade tariffs that have imperilled Japan's auto companies and threaten to undermine his fragile government. The two are expected to meet on the sidelines of a summit of the Group of Seven nations in Kananaskis, Alberta, for their second in-person encounter. It follows a sixth round of high-level trade talks in Washington on Friday. Japan's top tariff negotiator, Ryosei Akazawa, said he explored the possibility of an deal in detailed meetings with U.S. Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick. The trick for Ishiba, who spoke with Trump by phone on Friday, will be to get the president to drop the 25% tariff he imposed on Japanese cars, as well as a paused 24% across-the-board levy that Trump calls a reciprocal tariff, without making concessions that could hurt the prime minister's public support at home. Returning to Tokyo with no deal would be better politically than conceding too much, analysts say. "If it goes badly, it could even be seen as a positive for Ishiba, standing up to Trump and standing up for his country when he's under assault," said Michael Cucek, a political science professor at Temple University in Tokyo. Ishiba and his ruling Liberal Democratic Party face an upper house election next month that comes after a lower house loss in November that left him reliant on the support of other parties to stay in power. Another poor electoral result could bring down his government and would force Trump to reset trade talks with a new Japanese administration. "The most important thing is that Ishiba does not cave in for a bad (auto) deal," said Joseph Kraft, a financial political analyst at Rorschach Advisory in Tokyo. "I expect there will be some kind of deal, although it could be haphazard. Trump needs some good news and I don't think he has much interest in G7 activities." Failing to reach an agreement in Canada might not have an immediate economic impact on Japan, but tariffs that stay in place will eventually drag down growth, said Asuka Tatebayashi, senior analyst at Mizuho Bank. "If you look at the data for car exports to the U.S. for April, it was quite striking. The volume in dollars was down by nearly 5%, but the number of cars has increased a lot," she said. "It means either they are only selling cheap cars or the manufacturers are absorbing the cost. I think the latter is the case and this is not very sustainable." Tariffs could shave 0.9% off Japan's gross domestic product, Mizuho Research & Technologies estimated in a report in April.


Daily Mail
3 hours ago
- Daily Mail
Urgent recall over summer essential amid fears it 'poses hazard to children' and could result in 'death'
Endless Pools issued an urgent recall on thousands of pool covers that could potentially lead to injury or death. The company recalled thousands of Manual Retractable Security Pool Covers on Thursday due to drowning and entrapment hazards. The products feature hand-crank mechanisms that allow someone to cover and uncover their pool and are available in 8- and 16-foot-wide packages. Each affected cover can leave a gap of over 4.5 inches between the cover roller and the pool surface when incorrectly installed. Improper installations can result in the covers not doing their jobs and becoming hazardous. About 11,500 covers were sold before the recall, with almost 500 being sent to Canada. The affected products were purchased on the company's website and various other retailers from January 1994 through December 2024 for between $1,000 and $2,200. As of now, no deaths or injuries have been reported because of the pool covers. Endless Pools is in the process of informing affected customers via email. It has advised all purchasers to contact the company for a free inspection and repair. The company will inspect the covers and send out service representatives to fix any entrapment or drowning risks. 'We are working on sourcing the appropriate parts for the modification and will be providing them to you within 10-12 weeks,' said the company. 'Endless Pools will coordinate professional installation support services at no cost to you.' Pool owners and operators are asked not to allow kids to use the pool or pool cover when unsupervised until the repairs are made. The company also suggests that no one, especially children, sit, stand, or jump on a pool cover. Individuals eager to look at their covers now can read over a document or watch a remedial barricade bar installation video created by Endless Pools this week. Endless Pools has advised affected owners to contact the company and ask for a free inspection and repair Pool owners and operators are asked not to allow kids to use the pool or pool cover when unsupervised until the repairs are made This recall is one of several that have been made for everyday essentials and household products. The US Consumer Product Safety Commission (CPSC) has recalled all Baseus 65W 30000mAh Portable Chargers after 72 people reported the products experienced 'bulging', swelling that occurs before an item bursts into flames. Anker also pulled its PowerCore 10000 power bank from Amazon, Newegg, and eBay after receiving 19 reports of fires and explosions. Other recalls include fitness gear sold at Costco and 50,000 faulty smoke and carbon monoxide detectors.