Daily News

Source: BNN Bloomberg January 11, 2024

Markets today: Bitcoin near US$46,000 after ETF approval decision

  Treasuries fell and big-tech fueled gains in stocks, with investors awaiting Thursday’s inflation data for clues on the outlook for Federal Reserve policy. U.S. 10-year yields topped 4 per cent after briefly falling below that mark. The S&P 500 extend...

Source: BNN Bloomberg January 11, 2024

Aritzia saw its Q3 net income drop, sales rise as chain offered higher markdowns

Aritzia Inc. reported its net income dropped by roughly 39 per cent to $43.1 million in its most recent quarter but its net revenue edged up by almost five per cent. The Vancouver-based apparel retailer says its third-quarter results compared with a net in...

Source: BNN Bloomberg January 11, 2024

TSX recap: Index mostly flat as energy, metals dip

Canada's main stock index eked out a gain Wednesday, weighed down by weakness in energy and metals, while U.S. markets rose. The S&P/TSX Composite Index closed up 18.44 points, or 0.09 per cent, at 20,989.42. In New York, the Dow Jones Industrial Averag...

Source: BNN Bloomberg January 11, 2024

'Catalyst for the industry': Stakeholders on U.S. Bitcoin decision

Cryptocurrency stakeholders say a pending decision in the U.S. regarding Bitcoin investments would open the doors to more traditional investors. Wednesday marks the deadline for the U.S. Securities and Exchange Commission (SEC) to decide whether to approve...

Source: BNN Bloomberg January 11, 2024

SEC authorizes Bitcoin-spot ETFs in crypto's big breakthrough

U.S. regulators for the first time approved exchange-traded funds that invest directly in Bitcoin, a move heralded as a landmark event for the roughly US$1.7 trillion digital-asset sector that will broaden access to the largest cryptocurrency on Wall Street a...

Source: Financialpost January 11, 2024

America is headed for a debt crisis like Canada's in the '90s, warn veteran politicians

David Dodge and John Manley, who helped steer this country back to safety, say U.S. must act fast, even if it’s politically risky Get the latest from Barbara Shecter straight to your inbox Sign Up Two former heavyweights in Canadian politics say the U...

Source: Financialpost January 11, 2024

Mortgage payments set to jump $400 a month, but Canadians can cope, say banks

Big bank CEOs confident rate hikes won’t crush customers or lead to wave of defaultsWith about 14 per cent of Canadians with mortgages set to renew their loans this year, the chief executives of the country’s big banks say they’re confident the resulting int...

Source: Financialpost January 11, 2024

Terence Corcoran: It's time for the abdication of King Trudeau II

Without change at the top, the outlook for Canada is grimThrough more than eight years since Justin Trudeau named his first Liberal cabinet on Nov. 4, 2015, Canada’s economic and social trajectory has been steadily downward, a trend that was entirely predict...

Source: BNN Bloomberg January 10, 2024

Markets today: U.S. stocks struggle after tech-led bounce; oil climbs

Stocks struggled to gain traction day after a tech-led rally as Treasury 10-year yields remained above 4 per cent. Oil climbed. Commodity and financial shares led declines in the S&P 500. The megacap space was mixed, with Nvidia Corp. up and Tesla Inc. dow...

Source: BNN Bloomberg January 10, 2024

Analyst lays out a downside case for Nvidia shares

As Nvidia Corp.’s share price rises, a software analyst is laying out a possible scenario where the stock loses as much as 20 per cent of its value.  Gil Luria, senior software analyst at D.A. Davidson, told BNN Bloomberg that chipmaker Nvidia is a good co...