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Tag Archives: outlook

General Motors Co raises 2016 profit outlook, boosts share buybacks, dividend

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DETROIT — General Motors Co said on Wednesday it will return more cash to shareholders by raising its stock buyback program by 80 per cent to US$9 billion and increasing its dividend, sending shares up 4.6 per cent in premarket trading. GM also raised its 2016 earnings per share forecast …

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Exxon Mobil Corp’s defiant outlook predicts Canadian and Venezuelan oilsands output will ‘quadruple’ over next 24 years

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In sharp contrast to the grim medium-term prognosis for the Canadian oilsands, Exxon Mobil Corp. is predicting sunnier times for bitumen in the decades ahead. The global oil glut is going to get worse — and it will be all Canada’s fault Some of the world’s most expensive crude lies …

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Royal Bank of Canada outlook changed to negative by Fitch, citing potential earnings volatility

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Fitch Ratings affirmed the default ratings of Canada’s largest banks Monday, but changed its outlook on Royal Bank of Canada’s to negative from stable.  The ratings agency said the change was made because Royal Bank’s “future earnings volatility may be higher than Canadian bank peer averages as well as in …

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