Daily News

Market Call Source: BNN Bloomberg February 29, 2024

Jeff Parent's Top Picks: February 28, 2024

Jeff Parent, chief investment officer at Castlemoore FOCUS: Technical analysis  MARKET OUTLOOK: There are a lot of worrisome technical indicators flashing now. The markets are looking very overbought after about a 25-per-cent rally from October. Vo...

Source: BNN Bloomberg February 29, 2024

TSX recap: Index dip 0.35% on weakness in metals

Canada's main index moved lower Wednesday, led by weakness in base metals, while U.S. markets also continued to move down from last week's highs.  The S&P/TSX Composite Index closed down 75.13 points, or 0.35 per cent, at 21,243.77. In New York, the Dow...

Source: BNN Bloomberg February 29, 2024

Salesforce outlook disappoints as AI fails to spark growth

Salesforce Inc. provided an outlook for annual sales that fell short of estimates, suggesting new artificial intelligence features for its software have yet to spur growth. The shares declined about 4 per cent in extended trading. Revenue will increase abo...

Source: BNN Bloomberg February 29, 2024

Markets today: U.S. stocks decline in run-up to key inflation report

Wall Street traders bracing for key inflation data waded through mixed economic figures and remarks from Federal Reserve speakers for clues on the interest-rate outlook. Equities saw small losses after a report showed the U.S. economy expanded at a slower...

Economics Source: BNN Bloomberg February 29, 2024

'Healthy earnings': Portfolio manager reacts to RBC, National Bank Q1 results

First-quarter earnings season for Canada’s largest banks continued on Wednesday, with the Royal Bank of Canada and National Bank each beating analyst expectations, as an expert says the results bode well for the financial sector. Nate Thooft, chief investm...

Company News Source: BNN Bloomberg February 29, 2024

Spin Master Corp. reports US$30.1 million loss in fourth quarter as revenues rise

Spin Master Corp. reported a loss of US$30.1 million in the fourth quarter, compared with a loss of US$13.8 million a year earlier. The Toronto-based toy and entertainment company says revenues rose to US$502.6 million, up from $465.8 million during the sa...

Source: Financialpost February 29, 2024

Wendy’s denies any plans for 'surge pricing' after digital menu strategy sparks outrage

Comes under fire on social mediaNo, Wendy’s Co. says, there won’t be surge pricing on cheeseburgers and Frostys. We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Wendy’s den...

Source: Financialpost February 29, 2024

Posthaste: Consumer debt balloons to $2.4 trillion as newcomers to Canada rush to borrow

Immigration helping drive new records in consumer credit market, TransUnion says We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Consumer debt balloons to $2.4 tr...

Source: Financialpost February 29, 2024

Joe Oliver: Liberals need to ditch Steven Guilbeault’s radical activism

Greenlash has begun as Canadians come to understand the high cost and small benefit of environmentalist command-and-control economicsAsked how he went bankrupt, a character in Ernest Hemingway’s The Sun Also Rises answers, “Two ways. Gradually and then sudde...

Source: Financialpost February 29, 2024

What's going on at The One, Toronto's troubled $2-billion mega-tower?

Mizrahi's company ousted from condo tower project as saga continuesThe saga of the troubled condo project The One took another turn on Monday, when a court-appointed receiver announced it was removing developer Sam Mizrahi’s company from its role as construc...