Daily News

Source: BNN Bloomberg March 10, 2024

The Week Ahead: U.S. CPI data due; Quebec budget

Monday, March 11 Earnings: Westshore Terminals, Lithium Americas, Ballard Power, SilverCrest Metals, Oracle Corp Tuesday, March 12 Quebec budget 8:30 a.m. U.S. Consumer Price Index (February) Earnings: Wesdome Gold, Labrador Iron Ore, Tra...

Source: Financialpost March 10, 2024

Trans Mountain pipeline extension insurance against Canadian oil price blowout, says analyst

Watch Rory Johnston of Commodity Context on OPEC, oil demand and Canadian oil pricesRory Johnston, founder of Commodity Context, talks with Financial Post’s Larysa Harapyn about OPEC, oil demand and the impact of the Trans Mountain pipeline extension on Cana...

Source: BNN Bloomberg March 09, 2024

CPP to invest up to US$2.2 billion in Telecom Italia’s network

Canada Pension Plan Investment Board has agreed to acquire a minority stake in Telecom Italia SpA’s landline network. The investment firm is taking a 17.5 per cent stake for as much as €2 billion (US$2.2 billion), CPP Investments said in a statement Friday...

Source: BNN Bloomberg March 09, 2024

Markets today: U.S. stocks suffer 'heat check' as rally hits a wall

Wall Street traders sent stocks sliding on speculation that a rally to multiple records this year is now overdone. Just when investors were wrapping their heads around a mixed jobs report, weakness in the S&P 500’s most-influential group weighed heavily on...

Economics Source: BNN Bloomberg March 09, 2024

TSX could 'disappear' without more domestic investment from Canadian pensions: Letko

A veteran wealth management executive says that unless Canada’s largest pension plans start investing more domestically, institutions like the Toronto Stock Exchange could one day fall by the wayside. Peter Letko, co-founder and partner at investment manag...

Source: BNN Bloomberg March 09, 2024

The Week Ahead: CPI data due; Quebec budget

Monday, March 11 Earnings: Westshore Terminals, Lithium Americas, Ballard Power, SilverCrest Metals, Oracle Corp Tuesday, March 12 Quebec budget 8:30 a.m. U.S. Consumer Price Index (February) Earnings: Wesdome Gold, Labrador Iron Ore, Tra...

Market Call Source: BNN Bloomberg March 09, 2024

Brian Madden's Top Picks: March 8, 2024

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities  MARKET OUTLOOK: Markets are locked in a tug-of-war between earnings and interest rates. Profits for U.S. companies have been very robust. Conver...

Source: BNN Bloomberg March 09, 2024

TSX recap: Index dips 0.26% after jobs data

Canada's main stock index crept lower on Friday while U.S. markets were also down, led by a 1.2-per cent loss on the Nasdaq after both countries saw fresh data on the labour market. The S&P/TSX Composite Index closed down 57.30 points, or 0.26 per cent, at...

Source: Financialpost March 09, 2024

Public sector hiring is driving Canada's labour market

Employment gains in the public sector more than offset losses among businesses last monthEmployment gains in the public sector more than offset losses among Canadian businesses last month, highlighting a labour market that has been propped up by government h...

Economy Source: Financialpost March 09, 2024

Canada's job gains double expectations, but unemployment rate ticks higher

Unlikely to move the bar on Bank of Canada rate cut, say economistsCanada’s economy gained 41,000 jobs in February, but the unemployment rate ticked up to 5.8 per cent, Statistics Canada reported Friday.  We apologize, but this video has failed to loa...