Canadian investment banking revenue declines

Source: Bloomberg

Canadian largest lenders such as Bank of Montreal and Royal Bank of Canada are expected to report a drop in revenue from their investment banking units in 4th quarter amid capital markets' slow down due to European debt affliction. According to Sumit Malhotra, analyst at Macquarie Capital Markets, income from asset management and capital markets may fall by 6% reaching $5.5 bn.

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Tue, 29 Nov 2011 10:33:02 GMT

Crude oil futures decrease

Crude oil futures decreased after a yesterday's rapid growth that pushed prices above USD100-a-barrel. On the New York Mercantile Exchange crude futures for January delivery cost USD97.74 a barrel at the early European trade, losing 0.48%. Analysts say the fall in oil demand was caused by high investors' attention to the today's summit of the EU finance ministers.

Tue, 29 Nov 2011 10:48:28 GMT

UK home prices increased in November

UK home prices climbed in November showing the highest increase since September 2010. The index shows the property prices increased by 0.4% in November from previous month and rose by 1.6% since November last year.  Experts say the reason is lack of supply in the real estate sector coupled with low interest rates. However, despite slight increase in house prices the overall outlook on British

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