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Goldman surprises Canadian market with maple bond redemption

  Bloomberg Goldman Sachs Group Inc. handed a surprise gift to bondholders in Canada this week by redeeming debt sooner than investors had expected, and some money managers are betting that other banks will follow its lead. The New York-based bank said that it was redeeming all of its $380 million in subordinated notes maturing in April 2022 for a ...

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RBC powers up dividend as markets boost earnings

  Bloomberg Royal Bank of Canada (RBC), the country’s largest lender by assets, raised its dividend after posting first-quarter profit that beat analysts’ expectations, led by higher wealth-management earnings and a surge in trading revenue. Net income for the period ended Jan. 31 rose 24 percent to C$3.03 billion ($2.31 billion), or C$1.97 a share, from C$2.45 billion, or C$1.58, ...

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Take technology for a spin

  DETROIT / AP Car shopping isn’t just about kicking the tires anymore. It’s also about testing the technology. The rapidly evolving in-car infotainment and navigation systems can be bewildering for all but the most tech-savvy car buyers. The average vehicle on US roads is 11 years old; that means many people last went car shopping before iPhones were invented. ...

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