Daily News

Source: BNN Bloomberg April 27, 2023

The space economy is 'a huge area of opportunity': Venture capitalist

Space as a category of investment is still in the early development stages but weakness in technology and venture capital is weighing on the emerging industry, according to a partner at a space-themed venture capital firm.  Chad Anderson, a managing partne...

Source: BNN Bloomberg April 27, 2023

Meta surges as sales, forecast beat estimates on ad recovery

Meta Platforms Inc. shares surged after the social media company reported first-quarter revenue that exceeded analysts’ estimates and signaled the beginnings of a recovery in digital advertising. First-quarter sales rose to US$28.6 billion — a return to gr...

Market Call Source: BNN Bloomberg April 27, 2023

Dennis da Silva's Top Picks: April 26, 2023

Dennis da Silva, senior portfolio manager, Middlefield Capital Corporation FOCUS: Resource stocks  MARKET OUTLOOK:  In the world of commodities, there are a few key points to keep in mind, supply discipline or lack of investment, the recovery of Ch...

Source: BNN Bloomberg April 27, 2023

Canadian Pacific Kansas City first-quarter earnings up more than 35%

Canadian Pacific Kansas City says its net income for the first quarter of 2023 was $800 million, up more than 35 per cent from $590 million a year earlier. The Calgary-based railway company says diluted earnings per share were 86 cents, up more than 36 per...

Source: Financialpost April 27, 2023

Opinion: Small business says: It’s time for back-to-work legislation

The longer the PSAC strike lasts, the greater the risk of financial harm to small-business owners By Jasmin Guénette and Christina Santini THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city...

Source: Financialpost April 27, 2023

Bets on Bank of Canada rate cut recede as core inflation proves sticky

Higher rates for longer could squeeze Canadians carrying record amounts of mortgage debt TORONTO — Canadian inflation excluding food and energy costs is expected to remain above three per cent until the fourth quarter of this year, the median f...

Source: Financialpost April 27, 2023

Rogers partnering with SpaceX to offer satellite-to-phone coverage

Rogers says it will be first wireless company in Canada to bring satellite connectivity coast to coast Rogers Communications Inc. has announced a partnership with Elon Musk‘s Space Exploration Technologies Corp. to bring satellite-to-phone cove...

Source: BNN Bloomberg April 26, 2023

U.S. stocks, bond yields sink as bank worries persist

U.S. stocks dropped the most in two months and Treasury yields retreated after First Republic Bank’s disappointing earnings and potential assets sale rekindled worries that the banking crisis has not run its course. The S&P 500 lost 1.6 per cent in afterno...

Market Call Source: BNN Bloomberg April 26, 2023

Brett Girard's Top Picks: April 25, 2023

Brett Girard, chief financial officer and portfolio manager, Liberty International Investment Management FOCUS: Global stocks  MARKET OUTLOOK: Conflicting macroeconomic news has kept the major markets largely range-bound since Halloween. By Friday...

Source: BNN Bloomberg April 26, 2023

One-year GICs see boom in popularity thanks in part to interest rate hikes

Brandon Brot has found himself much sought after at dinner parties and other gatherings over the past year. Brot, the principal at GIC Wealth Management, which currently has over $500 million under management, says enquiries related to Guaranteed Investmen...