Daily News

Source: BNN Bloomberg February 15, 2024

Lyft shares rocket 62 per cent over a typo in the company's earnings release

Lyft shares jumped 62 per cent after the closing bell Tuesday thanks in part to a typo in the ride-hailing company’s earnings release that appears to have sent investors’ auto-trading algorithms — or “bots” — into a buying frenzy. Lyft’s fourth-quarter rep...

Source: BNN Bloomberg February 15, 2024

TSX recap: Index climbs 1.48%, recoups most of Tuesday’s losses

Canada's main stock index gained more than 300 points or almost 1.5 per cent Wednesday on broad-based strength, while U.S. markets also rose to take back some of their losses from the previous day.  The indexes slid Tuesday after the latest report on U.S....

Source: Financialpost February 15, 2024

Liberals rebrand carbon-tax rebates, amount to rise as much as 17% in April

Per-tonne price of carbon will also increase at same timeOTTAWA — The Liberals unveiled a rebrand of the federal carbon tax rebate Wednesday as they announced the new amounts households are expected to get after the price itself goes up in April. We a...

Source: Financialpost February 15, 2024

Posthaste: Canadians putting off saving for retirement, but still plan to stop working at 60

Many prefer to save in TFSAs over RRSPs as they focus on making ends meet, CIBC survey says We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canadians putting off...

Source: Financialpost February 15, 2024

Terence Corcoran: Who most deserves the award for economic ignoramus — Trudeau or Eby?

PM tries to divert attention from the fact that CRTC regulations were a major factor in BCE's cutsIn response to BCE’s investment cutbacks and layoffs designed to help the corporation remain profitable and continue to pay dividends to shareholders and pensio...

Source: Financialpost February 15, 2024

Top headlines: Liberal, NDP pharmacare deal hung up on number of drugs to cover, reports say

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: Liberal, NDP pharmacare deal hung up on number of dru...

Source: Financialpost February 15, 2024

Bank of Canada to halt quantitative tightening program within months, RBC says

Could come as early as April, sooner than policymakers had previously indicatedThe Bank of Canada is likely to wrap up its quantitative tightening program as early as April, sooner than policymakers had previously indicated, according to RBC Capital Markets...

Company News Source: BNN Bloomberg February 14, 2024

Rothschild’s Canada head Alex Graham departs amid deal slump

The head of Rothschild & Co.’s Canadian office has left the storied investment bank as it grapples with a prolonged slump in dealmaking that’s hurt the entire industry. Alex Graham and two colleagues in Canada have left the Paris-based firm in recent month...

Canada Source: BNN Bloomberg February 14, 2024

Canada pension with $164 billion opens NYC office in credit push

Alberta Investment Management Corp., one of Canada’s largest pension plans, is opening a New York office as it pushes further into private credit investing. The $164 billion pension is looking to grow its $6 billion of private credit assets by a couple of...

Source: BNN Bloomberg February 14, 2024

Analysts react to Shopify earnings

Shares of Shopify Inc. were under pressure in Tuesday trading after the e-commerce giant reported quarterly results and cost projections that spooked investors, but analysts say the company is still headed in the right direction. Ottawa-based Shopify saw i...