Daily News

Source: BNN Bloomberg February 23, 2024

Nvidia stock still 'way undervalued' amid record rise: portfolio manager

Nvidia is on track to break the record for a single-session jump in market value, but a portfolio manager says the chipmaker is still underpriced and recommends the stock as one of his top picks in the tech sector. Francisco Bido, senior portfolio manager...

Company News Source: BNN Bloomberg February 23, 2024

Reddit files publicly for IPO after two years on sidelines

The San Francisco-based social media company, more than two years after first filing confidentially with the U.S. Securities and Exchange Commission, submitted those plans publicly on Thursday. Reddit won’t disclose proposed terms for the IPO, including it...

Source: BNN Bloomberg February 23, 2024

TSX recap: Index up 0.69% on tech rally

Canada's main stock index gained almost 150 points Thursday, while its Wall St. counterparts soared, led by technology stocks after another blowout report from chipmaker Nvidia.  The S&P/TSX Composite Index closed up 145.68 points, or 0.69 per cent, at 21,...

Source: BNN Bloomberg February 23, 2024

Markets today: Stocks rally as AI craze sweeps across the world

  The stock rally powered ahead as Nvidia Corp.’s bullish outlook rekindled the artificial-intelligence mania and data showed the world’s largest economy is still going strong. From the U.S. to Europe and Japan, equities hit all-time highs, with the mos...

Source: BNN Bloomberg February 23, 2024

Nutrien expects to deliver higher sales, earnings in 2024 spurring market optimism

Nutrien Inc.’s latest earnings were met with market optimism based on forward-looking statements from the company, despite lower-than-expected fourth-quarter results, according to one analyst. Steve Hansen, a managing director and equity analyst at Raymond...

Company News Source: BNN Bloomberg February 23, 2024

Copper market facing supply constraints as Teck reports record production: analyst

Following record copper production from Teck Resources Ltd., one analyst said he sees upside opportunities for industry players with the overall market facing tight supply.  Dalton Baretto, a managing director of equity research at Canaccord Genuity, said...

Source: Financialpost February 23, 2024

Top headlines: Toyota recalls 28,000 cars over transmission flaw that raises risk of crash

The latest business news as it happensToday’s headlines We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Top headlines: Toyota recalls 28,000 cars over transmission flaw tha...

Source: Financialpost February 23, 2024

It's tax time: Here's what you need to know for the 2023 filing season

Jamie Golombek: Here's what's new on this year's return, plus some other things to keep in mindReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on t...

Source: Financialpost February 23, 2024

Ontario housing supply overstated by almost 1 million, land development study reveals

Discrepancy debunks notion that construction industry is 'sitting on supply,' say developersOntario’s regional planning authorities are overstating the number of lots that are ready for construction by nearly a million housing units, according to a new study...

Source: Financialpost February 23, 2024

Dip in inflation could herald declining mortgage rates as busy spring season approaches

Robert McLister: There’s a fair chance mortgage rates could dive further this springFans of low mortgage rates got what they wanted this week as inflation fell back into the two per cent range (2.9 per cent), well below Bay Street’s estimates. We apol...