Tag: Business

RBC and the National Bank of Canada increase their doubtful debt arrangement, denting stock

More money was set aside by the Royal Bank of Canada(RY.TO) and the National Bank of Canada (NA.TO) on Wednesday to cope with problematic loans, which impacted fourth-quarter profitability. Shares of RBC and National Bank were discounted by clients worried about the impact of rapid increases in central bank rates by 1.4% and 4%, accordingly, […]

Volkswagen seeks first North American cell plant in Canada, source, and its complete fascinating facts

BERLIN (Reuters) – Volkswagen has started looking for a location for the automaker’s first battery cell factory in North America, a company source told Reuters on Thursday. Volkswagen and its battery subsidiary PowerCo SE. The plant, which would be VW’s first giga factory outside of Europe, was describe as “a logical choice” by the source […]