Daily News

Economy Source: Financialpost April 05, 2024

Canada to dodge recession, but economy remains fragile

Watch: Dawn Desjardins of Deloitte Canada talks about the economy and the Bank of CanadaDawn Desjardins, chief economist at Deloitte Canada, talks to the Financial Post’s Larysa Harapyn about why economists think Canada will avoid a recession, the risks the...

Source: BNN Bloomberg April 04, 2024

The Daily Chase: Indigo goes private, Lightspeed layoffs

Here are five things you need to know this morning: Indigo set to go private:  Retailer Indigo will soon be taken private after the board has agreed to a sweetened takeover offer from its largest shareholder. A holding company controlled by Onex chairman G...

Source: BNN Bloomberg April 04, 2024

'Red flag': U.S. short seller targets WSP Global

A prominent U.S. short seller has targeted Montreal-based engineering firm WSP Global and believes its stock is overpriced upwards of 50 per cent. Spruce Point Capital Management issued a “strong sell” position against WSP as it raised concerns about the “...

Source: BNN Bloomberg April 04, 2024

Markets today: bonds get some relief from Powell's deja-vu tone

The bond market rebounded from session lows, with Jerome Powell only reiterating the Federal Reserve’s wait-and-see approach before policymakers decide to embark on interest-rate cuts. While the Fed chief didn’t break any major new ground, Wall Street got...

Company News Source: BNN Bloomberg April 04, 2024

BlackBerry reports US$56 million loss in Q4, revenue hits US$173M

BlackBerry Ltd. says it lost US$56 million in its latest quarter, compared with a loss of US$495 million a year ago. The Waterloo, Ont.-based technology company, which reports its earnings in U.S. dollars, says the fourth-quarter loss amounts to 10 cents U...

Source: Financialpost April 04, 2024

Rising oil prices may affect timing of Bank of Canada rate cuts, economists say

Policymakers could find high energy prices concerning Get the latest from Naimul Karim straight to your inbox Sign Up Oil prices reached their highest levels in five months this week, and economists say that could make the Bank of Canada a “little con...

Source: Financialpost April 04, 2024

Posthaste: Many taxpayers owed money by the CRA aren't collecting it all

Many don't understand how to maximize tax refunds, fail to ensure deductions on paycheques are accurate We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Many taxpa...

Source: BNN Bloomberg April 03, 2024

Markets today: U.S. stocks fall on fears rate cuts will be delayed

Stocks fell as bond yields rose after solid economic readings and a rally in commodities spurred speculation that major central banks will keep interest rates higher for longer. In a revival of the “good news is bad news” trade, better-than-estimated data...

Source: BNN Bloomberg April 03, 2024

The Daily Chase: Oil tops US$85, Tesla sales plunge

Here are five things you need to know this morning: Oil price tops US$85: The price of the North American oil benchmark has topped US$85 a barrel for the first time since October as OPEC production cuts couple with an uptick in demand. The most heavily tra...

Commodities Source: BNN Bloomberg April 03, 2024

Enbridge kicks off bond sale after ratings cut by Moody’s

Enbridge Inc. sold US$3.5 billion of debt on Tuesday following a downgrade last week by Moody’s Ratings. The longest portion of the four-part bond offering, a 30-year security, will yield 145 basis points over Treasuries, according to a person with knowled...