Daily News

Source: Financialpost April 19, 2023

Galen Weston steps back from day-to-day operations of Loblaw as grocer hires new CEO

European retail exec Per Bank will join the company by early 2024; Weston will remain chairman Get the latest from Jake Edmiston straight to your inbox Sign Up Danish grocery veteran Per Bank will replace Galen Weston at the helm of L...

Source: Financialpost April 19, 2023

More US consumers are falling behind on payments

NEW YORK — Consumers are starting to fall behind on their credit card and loan payments as the economy softens, according to executives at the biggest U.S. banks, although they said delinquency levels were still modest. We apo...

Source: Financialpost April 19, 2023

Bank of Canada 'may need to hike again': What the economists are saying about the latest inflation data

Consumer price index data puts inflation on track to slow to 3% this year The latest consumer price index data puts inflation on track to slow to three per cent this year, at the top end of the Bank of Canada‘s target range, say economists....

Source: BNN Bloomberg April 18, 2023

U.S. stocks bounce back; bond yields climb on Fed Bets

Stocks saw small moves as the possibility of further Federal Reserve policy tightening lifted Treasury yields and investors stayed on the sidelines amid bank earnings. The S&P 500 erased losses in afternoon New York trading. The tech-heavy Nasdaq 100 under...

Source: BNN Bloomberg April 18, 2023

Financial stocks to buy outside the banking sector: portfolio manager

When hunting for investment opportunities, one portfolio manager likes to focus on the financial sector, as few companies often own a large amount of the market share, he said. Speaking with BNN Bloomberg's Amber Kanwar on Monday, Dan Rohinton, portfolio m...

Source: BNN Bloomberg April 18, 2023

TSX recap: Index finishes 0.30% higher

Canada's main stock index posted a small gain to start the week while U.S. markets also rose in the latter half of the afternoon after sagging for most of the day.  The S&P/TSX Composite Index was up 62.06 points, or 0.30 per cent, at 20,641.97. In New...

Source: BNN Bloomberg April 18, 2023

Ryan Reynolds announces investment in Canadian fintech company Nuvei

Famed actor, producer and entrepreneur Ryan Reynolds is investing in the Canadian fintech industry, with a stake in Nuvei Corporation. The investment was announced in a news release Monday and is the latest in a series of entrepreneurial moves from the act...

Source: BNN Bloomberg April 18, 2023

Toronto exchange fights to keep stock listings in Canada over U.S.

The Toronto Stock Exchange is in a battle to keep Canadian companies listing their shares at home as a stream of firms opts for U.S. exchanges instead. Since 2020, nearly two dozen Canadian-headquartered companies have decided to skip the Toronto exchange...

Source: BNN Bloomberg April 18, 2023

Cathie Wood's Canadian ETF partner, Emerge, hit with trading ban

Investors in Emerge Canada Inc.’s Toronto-listed versions of Cathie Wood’s popular exchange traded funds are stuck in limbo. Regulators slapped the investment firm with trading bans on 11 of its funds — including six Ark Investment Management-partnered fun...

Source: Bankofcanada April 18, 2023

Opening Statement before the House of Commons Standing Committee on Finance

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our recent policy announcement and the Bank of Canada’s Monet...