Daily News

Source: Financialpost July 07, 2024

Canadian uranium miner’s shares dive after Niger pulls permit

The African country has forged closer ties with Russia since a coup last year, paving the way for Moscow to seek access its mining interestsGoviEx Uranium Inc., a Canadian company that mines in Niger, plunged after reporting that the West African nation’s mi...

Source: Financialpost July 07, 2024

Philip Cross: Canada's 'energy blindness' must end

A flawed energy strategy means our country now has to import electricityIn its monthly update on energy trends, Statistics Canada reported this week that this year, for the first time ever, Canada has become a net importer of electricity. The switchover in o...

Source: BNN Bloomberg July 06, 2024

U.K. domestic stocks rise most this year on Labour election win

Shares exposed to the British domestic economy saw their best gains of the year, as the Labour Party’s landslide election victory spurred hopes that political stability could support a potential rebound in economic growth. The broader European market also gai...

Source: BNN Bloomberg July 06, 2024

Markets today: U.S. stocks up as path to September Fed cut gets wider

The stock market ended the week at all-time highs, with traders looking past signals of a slowdown in the world’s largest economy to focus on prospects for Federal Reserve rate cuts. In a post-holiday session marked by thin volume, the S&P 500 notched its...

Source: BNN Bloomberg July 06, 2024

Nvidia gets rare downgrade as analyst warns about future upside

Nvidia Corp.’s breakneck rally since the start of last year has finally run out of room to push higher, according to New Street Research analyst Pierre Ferragu. Ferragu downgraded the AI-focused chipmaker to neutral from buy, writing that the stock is “get...

Source: BNN Bloomberg July 06, 2024

Bitcoin falls to lowest since February as fears of sales persist

Bitcoin fell for a fourth consecutive trading session, reaching the lowest since February, on concerns about potential selling by governments, creditors of a failed exchange and beleaguered crypto miners.  The original digital asset fell as much as eight p...

Market Call Source: BNN Bloomberg July 06, 2024

Mike Vinokur's Top Picks: July 5, 2024

Mike Vinokur, portfolio manager at MV Wealth Partners with iA Private Wealth FOCUS: North American large caps  MARKET OUTLOOK: We are cautiously optimistic that U.S. equity markets can keep performing, however, we expect that there will be a rotati...

Source: Financialpost July 06, 2024

Canada's unemployment rate rises to 6.4% as job market stalls

Youth jobless rate hasn't been this high since 2014Canada’s unemployment rate rose to 6.4 per cent in June from 6.2 per cent a month earlier, continuing an upward trend that began in April of 2023, Statistics Canada said on Friday. We apologize, but this...

Source: Financialpost July 06, 2024

Jobless numbers provide ammunition for further Bank of Canada rate cuts, say economists

Canada's unemployment rate rises and job numbers fallThe latest jobs data shows Canada’s unemployment rate continuing to rise, giving the Bank of Canada further ammunition to keep cutting interest rates, economists said. We apologize, but this video has...

Source: BNN Bloomberg July 05, 2024

Markets today: European stocks advance with elections in focus

European stocks rose as key elections held centre stage and investors grew more optimistic about U.S. Federal Reserve interest-rate cuts following U.S. economic data that supported the case for easing. France’s CAC40 benchmark index advanced for a second d...