Daily News

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...

Source: Financialpost February 29, 2024

Soft data bolstering Bank of Canada interest rate cuts in April, some analysts say

Economic data showing slowing economy may soon prove there’s enough disinflationary pressure to spur policymakers into actionAnalysts who expect the Bank of Canada’s first interest rate cut in April are rare — but they believe economic data may soon prove th...

Source: BNN Bloomberg February 28, 2024

Markets today: TTreasuries mixed amid another flurry of bond sales

  Wall Street saw another busy session of bond sales as issuers looked to borrow before key economic data later this week. Treasuries were mixed after a US$42 billion auction of seven-year notes and a heavy slate of new corporate debt. Seven more issuer...

Market Call Source: BNN Bloomberg February 28, 2024

Hank Cunningham's Top Picks: February 27, 2024

Hank Cunningham, fixed income strategist, Odlum Brown Limited FOCUS: Fixed income, bonds  MARKET OUTLOOK: The resilience of the U.S. economy has prompted the Federal Open Market Committee (FOMC) to maintain its monetary stance for now. While it has...

Commodities Source: BNN Bloomberg February 28, 2024

'Once-in-a-generation buy': Newmont CEO touts stock as miner attempts to raise US$2B

The head of Newmont Corp., the world’s largest gold producer, says that his company’s current stock price is the lowest it will be for a generation as the miner attempts to consolidate its collection of top-tier assets. The U.S.-based gold giant recently a...