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Author: SmartStocks.ca Staff
RBC Leans on HSBC Acquisition and Wealth Division for Q2 Profit Boost
Here are the Key Numbers From the Earnings Report: Royal Bank of Canada (TSX:RY)(NYSE:RY) reported a stronger second quarter as its landmark $13.5 billion acquisition of HSBC Canada added scale and profitability, while its wealth management arm posted solid growth. Adjusted profit rose to $4.53 billion, or $3.12 per share, from $4.2 billion, or $2.92… Read more
Canadian Tire Acquires Hudson’s Bay IP in $30M Deal as Iconic Retailer Nears Closure
A Canadian Legacy Changes Hands Hudson’s Bay Co., one of the world’s oldest retailers, is approaching its final chapter. After entering creditor protection in March, the 355-year-old company has begun liquidating its assets, including its well-known branding. On Thursday, Canadian Tire announced a $30 million agreement to acquire Hudson’s Bay’s intellectual property, including trademarks, logos,… Read more
Suncor Delivers Record Operational Q1 Despite Dip in Adjusted Earnings
Operational Milestones Hit New Highs Suncor Energy Inc. (TSX:SU)(NYSE:SU) started 2025 with a quarter marked by exceptional operational strength across its integrated business. The company delivered record first-quarter oil production of 853,000 barrels per day, while refining throughput reached 483,000 barrels per day—both all-time Q1 highs. Refined product sales also set a quarterly record at… Read more
Enbridge Posts Strong Q1 Results, Reaffirms 2025 Outlook Amid Strategic Expansion
Enbridge Inc. (TSX: ENB)(NYSE:ENB) delivered a strong start to 2025, reporting record first-quarter financial results driven by robust throughput across its pipeline network and continued momentum from recent acquisitions. GAAP earnings surged to $2.3 billion or $1.04 per share, up from $1.4 billion or $0.67 in Q1 2024. Adjusted EBITDA grew 18% to $5.8 billion,… Read more
Fortis Delivers Solid Q1 as Regulated Growth Drives Earnings
Canadian utility giant Fortis Inc. (TSX:FTS)(NYSE:FTS) reported its first-quarter earnings on May 7. It was a robust start to 2025, with the company’s net earnings rising to $499 million, or $1.00 per share, up from $459 million, or $0.93 per share, a year ago. The gain was fueled by organic rate base growth across its… Read more
RioCan REIT Reports Solid Q1 2025 Results Amid Economic Volatility and HBC Headwinds
RioCan Real Estate Investment Trust (TSX:REI.UN) reported its latest earnings numbers on Monday, delivering strong operational and leasing performance in the first quarter of 2025, supported by robust demand for necessity-based retail and steady progress in its residential strategy, despite macroeconomic headwinds and the impact of Hudson’s Bay Company’s (HBC) CCAA filing. Here are the… Read more
Canadian Pacific Kansas City Boosts Dividend by 20% Amid Long-Term Growth Strategy
Dividend Hike Reflects Strength and Stability Canadian Pacific Kansas City Limited (TSX:CP)(NYSE:CP) gave dividend-focused investors something to cheer about recently with a 20% increase to its quarterly payout. Effective April 29, the dividend rises from $0.19 to $0.228 per share, translating to $0.912 annually and a forward yield of approximately 0.9%. The move reflects strong… Read more
TC Energy Delivers Steady Q1 with Project Milestones and Pipeline Expansion
On May 1, TC Energy (TSX:TRP)(NYSE: TRP) reported its Q1 2025 numbers, for the period ending March 31. Its comparable earnings per share totaled $0.95, which were down slightly from $1.02 in the prior-year period, amid a stable operating environment. Net income remained essentially flat at $1.0 billion, supported by record-setting pipeline throughput across its… Read more
5 Top TSX Stocks Up Over 20% After the First 4 Months of 2025
As Donald Trump entered the White House, markets braced for policy shocks, geopolitical volatility, and stimulus-fueled inflation. Canadian stocks responded with a mix of defensive strength and commodity-driven rallies. Overall, it has been a lackluster year thus far for the S&P/TSX Composite Index, with its returns at less than 1%. However, some TSX stocks have… Read more
Loblaw Companies Grows Profit by 10% in Q1 2025
Loblaw recently reported earnings, and let’s go over how they look, what they mean for the stock, and if it’s a good buy. Earnings Remain Solid and Outlook Is Promising Q1 ended on March 22, and the company’s sales totaled $14.1 billion, which was an increase of 4.1% year over year. What was of key… Read more