Daily News

Market Call Source: BNN Bloomberg July 28, 2023

Stan Wong's Top Picks: July 27, 2023

Stan Wong, portfolio manager, Scotia Wealth Management FOCUS: North American large caps and ETFs  MARKET OUTLOOK: Despite facing challenges such as a banking crisis, rising interest rates and lingering recession worries, equity markets have demonst...

Company News Source: BNN Bloomberg July 28, 2023

CPKC chief exec cites 'challenging' three months following railway merger

Canadian Pacific Kansas City Ltd. framed its first quarter following a major merger as a tough one, as demand for container shipments and some bulk goods fell across the rail sector. “No doubt it's a challenging quarter as we dealt with a softer demand env...

Source: BNN Bloomberg July 28, 2023

Nasdaq 100 up 2% as GDP fuels ‘soft landing’ calls

U.S. stocks rose as data signaled the world’s largest economy remains strong despite the Federal Reserve’s aggressive tightening campaign, bolstering the case for a so-called soft landing. Major equity benchmarks gained as a report showed gross domestic pr...

Source: BNN Bloomberg July 28, 2023

​Tech stocks that stand to benefit from AI: Portfolio manager

Artificial intelligence has caught the imagination of investors and the attention of numerous companies that could use it to grow tremendously, one investment professional says.    Speaking with BNN Bloomberg’s Amber Kanwar on Thursday, Francisco Bido, senio...

Source: BNN Bloomberg July 28, 2023

TSX recap: Index down 0.86% on broad declines

Canada's main stock index was down almost 200 points Thursday amid broad-based weakness led by telecom and utilities stocks, while U.S. markets also moved lower. Markets held in throughout the morning before sliding downward throughout the afternoon. Th...

Source: Financialpost July 28, 2023

'I feel abandoned' — businesses warn of bankruptcy as deadline to pay back COVID loans looms

Nearly 250,000 small businesses who received CEBA loans are in danger of shutting down, says CFIB Get the latest from Naimul Karim straight to your inbox Sign Up Business in the last year has been worse than it was during the pandemic...

Source: Financialpost July 28, 2023

CRA wins one, loses one as government pursues pandemic benefits it deems questionable

Jamie Golombek: Two new cases provide glimpse into types of claims being reviewed and, consequently, denied Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchas...

Source: Financialpost July 28, 2023

Geology student wins contest, then inks mining deal that might pay millions

Winning the NextGen Prospect Challenge was a big deal for Ryan Burke, but within two years he had done much better Winning the NextGen Prospect Challenge was a big deal in itself for Ryan Burke, a young geologist just out of university in 2020....

Source: Financialpost July 28, 2023

TC Energy splitting into two companies by spinning off liquids pipelines business

Transaction expected to be completed in second half of 2024 CALGARY — TC Energy Corp. says it will split into two separate companies by spinning off its liquids pipelines business. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe...

Source: BNN Bloomberg July 27, 2023

U.S. stocks drop on bets Federal Reserve isn’t done yet with hikes

U.S. stocks fell after the Federal Reserve raised interest rates and signaled it isn’t ready to claim victory over inflation yet, bolstering speculation on another hike this year. The S&P 500 dropped from the highest level since April 2022, the tech-heavy...