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The National Bank of Canada logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019.

National Bank Of Canada Beats Profit Estimates For Second Quarter

National Bank of Canada closed out a mostly strong quarter for Canadian lenders on Friday, reporting second-quarter profit that beat estimates on lower-than-expected provisions for credit losses (PCL), with continued growth in lending and fee income helping offset higher expenses and still subdued margins.
U.S. dollar notes are seen in front of a stock graph in this November 7, 2016 picture illustration.

Dollar Sinks To One-month Low As Fed Rate Hike Bets Ease

The U.S. dollar sank to a one-month low versus major rivals on Friday as traders lowered Federal Reserve rate hike expectations amid signs the central bank might slow or even pause its tightening cycle in the second half of the year.
Technicians stand next to an oil rig  at an Oil and Natural Gas Corp (ONGC) plant, during a media tour of the plant in Dhamasna village in the western state of Gujarat, India, August 26, 2021.

Oil On Track For Weekly Rise On Global Supply Concerns

Oil prices edged higher on Friday and were on track for weekly gains, supported by the prospect of a tight market due to rising gasoline consumption in the United States in summer, and also the possibility of an EU ban on Russian oil.
Technicians stand next to an oil rig  at an Oil and Natural Gas Corp (ONGC) plant, during a media tour of the plant in Dhamasna village in the western state of Gujarat, India, August 26, 2021.

Oil Lingers Near 2-month High Amid Global Supply Concerns

Oil prices hovered around a two-month high on Friday, with Brent crude on track for its biggest weekly jump in 1-1/2 months, supported by the prospect of an EU ban on Russian oil and the coming summer driving season in the United States.

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