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  • Potash rejects a takeover bid by BHP Billiton at $130US a share- stock price soars on news
  • RY's Q3 results disappoint, down 28% year over year to $0.87EPS based in part on lower trading revenues
  • CIBC reported good Q3 results, EPS of $1.66 beat expectations thanks to incresaed trading revenues and good results from the retail side of the business and lower loan losses
  • BMO reported weak Q3 results, EPS of $1.14 was below expectations due in part to weak trading revenues
  • Apple reported Q3 results with EPS of $3.51US- their highest revenue quarter ever. Sales are up 61% year over year
  • US existing home sales plunge to 3.83 million for month of July- lower than previous lows set in late 2008/early 2009 during depth of financial crisis
  • New credit card regulations come into effect Sept 1st- giving card owners a minimum 21 day grace period to make payments and statements must clearly document carrying costs and advise any future potential rate hikes
  • McDonald's released good Q2 earnings and continues to increase market shares by outspending competitors on advertising and promotion.
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