The Daily Chase: Canadian jobs growth crushes estimates; BMO makes it six-for-six [Business News Network (BNN) (Canada)]
Rogers Communication, Inc. (RCI)
Last rogers communication, inc. earnings: 4/22 07:00 am
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Source: Business News Network
Almost 154,000 jobs were created in november. That's four-times what economists expected. And the unemployment rate sank to 6% -- putting it near pre-pandemic levels. Meanwhile, hours worked hit the highest level since before COVID-19 overwhelmed the economy last year. And in the U.S., it's a different story as non-farm payrolls rose by 210,000 positions, less than half the median estimate of 550,000. BMO HIKES DIVIDEND, PLANS BUYBACK The Big Six have gone six-for-six in dishing out dividend hikes and share buybacks as BMO today announced a 25% boost to its quarterly payment to shareholders and said it's planning to repurchase up to 22.5 million shares. It also reported profit that beat expectations, with year-over-year growth in all of its divisions (with some notable loan growth in Canada). Paul is going through all the details that matter and will tie a bow on Big Six earnings coverage throughout the day. Should point out the banks (ex-CIBC) finally got some love from investo
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