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McDonalds Strong; Circuit City Out

CC,GS,HD,HPQ,MCD,MORN,RBC,WMT, Feed Add to Google: CC,GS,HD,HPQ,MCD,MORN,RBC,WMT, Feed Add to Yahoo: CC,GS,HD,HPQ,MCD,MORN,RBC,WMT, Feed

Twelve students awarded RBC Royal Bank Scholarships for New Canadians

TORONTO, Nov. 17 /CNW/ - Twelve students from across Canada were honoured during a special dinner at the Ontario Heritage Centre in downtown Toronto on November 15. These students were selected from over one thousand applicants to be the recipients of the second annual RBC Royal Bank Scholarship for New Canadians.

Rogers Wireless Joins RBC and Visa in Mobile Phone Payment Pilot

phase of the mobile phone payment pilot, which will ultimately allow Canadians the flexibility to make purchases securely at the point of sale with a wave of their mobile phone. The customer phase of the mobile phone payment pilot is expected to launch in mid-2009, following a brief employee pilot.

UPDATE 3-MOVES-GateHouse Bank, RBC Capital, JPMorgan

The following financial services industry appointments were announced on Monday. To inform us of other job changes, please e-mail moves@thomsonreuters.com.

Pay by Waving Your Mobile Phone

RBC, Visa and Rogers Wireless have come together for the next phase of the mobile phone payment pilot which will ultimately allow Canadians the flexibility to make purchases securely by waving their mobile phones. The customer phase of the mobile phone payment pilot is expected to launch in mid-2009, following a brief employee pilot.

Mobile Visa payment scheme coming in 09 via Rogers Canada

Rogers Wireless, RBC and Visa are to launch a customer phase of their mobile phone payment pilot scheme in the middle of 2009. Which will mean mobile customers will be able pay for small ticket products by waving their mobile phone over Visa payWave enabled checkout readers.

Two Canadian banks cut mortgage rates

The Royal Bank of Canada (RBC) and the Bank of Montreal (BoM) both chopped borrowing costs for people seeking to buy a home.

Royal Bank of Canada agrees to $10.7M settlement

The Justice Department said Tuesday that RBC Mortgage Co., a subsidiary of the Royal Bank of Canada, has agreed to pay the U.S. more than $10.7 million to settle allegations that the company falsified loan documentation.

Central Bank gold lending distorting the market

Gold slot. Correlation between gold, oil and the dollar: Leon Esterhuizen – analyst. RBC Capital Markets

BlackBerry Partners Fund steps up investments

The $150m (£91m) fund was established in May to bankroll software developers creating new applications for smartphones, including RIM's BlackBerry devices. The fund, which considers investments throughout the world, is co-managed by JLA Ventures and RBC Venture Partners.

BlackBerry Fund makes first major investments

The $150 million fund was established in May to bankroll software developers creating new applications for smartphones, including Research In Motion's BlackBerry devices. The fund, which considers investments throughout the world, is co-managed by JLA Ventures and RBC Venture Partners.

Silicon Valley Bank Provides $3.5 Million to RELM Wireless

RELM Wireless Corporation announced the closing of a $3.5 million revolving line of credit with Silicon Valley Bank. The revolving line of credit has a two-year term and is secured by substantially all of the company's assets, principally trade receivables and inventory. The revolving line of credit with Silicon Valley Bank replaced the company's revolving line of credit with RBC Centura Bank, which RELM terminated prior to the closing.

WRAPUP 1-Australia c.bank cuts growth view amid global gloom

By Wayne Cole SYDNEY, Nov 10 (Reuters) - Australia's central bank on Monday cut its forecasts for economic growth for the next two years, saying it would review interest rates in the months ahead with the aim of avoiding an even sharper slowdown in domestic demand. The forecasts, contained in the Reserve Bank of Australia's (RBA) quarterly monetary-policy statement, were even lower than the government's downwardly revised estimates issued last week and only added to expectations for more policy easing. 'There's no doubt that the fragile state of world financial markets, unfolding global recession, and an increasing concern over the Chinese juggernaut are dominating the policy debate with the RBA likely to take out further rate insurance,' said Su-Lin Ong, a senior economist at RBC Capital Markets.

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