Daily News

Source: BNN Bloomberg June 27, 2024

BlackBerry reports US$42-million net loss in Q1 as revenue also drops

BlackBerry Ltd. says it incurred a US$42-million net loss in its most recent quarter as its revenue also fell significantly from a year ago. The Waterloo, Ont.-based technology company says the first-quarter results were a drop from a year earlier, when Bl...

Source: Financialpost June 27, 2024

Picking battery plants to solve Canada's productivity crisis 'dangerous road,' report says

Better approach would be to cut taxes and let markets find the right solutions, says Conference Board of Canada Get the latest from Naimul Karim straight to your inbox Sign Up Canada’s decision to provide billions of dollars’ worth of incentives to co...

Source: Financialpost June 27, 2024

TD Bank says deep rate cuts will provide 'big tailwind' to Canada's economy

Debt-laden Canadian consumers more sensitive to interest rates, economist saysThe Bank of Canada’s decision to begin cutting interest rates ahead of the United States Federal Reserve will ultimately lead to a “big tailwind” for the Canadian economy, Toronto-...

Source: Financialpost June 27, 2024

WestJet to start cancelling flights Thursday as mechanics' strike looms

CEO says union trying to create 'maximum damage' with timing ahead of July 1 weekendWestJet Airlines Ltd., Canada’s second-largest carrier, will begin cancelling flights on Thursday — just ahead of a long holiday weekend — as it prepares for a strike. We...

Source: Financialpost June 27, 2024

Junk Science Week — Ross McKitrick: EV mandates don't make economic sense

If electric vehicles sell only when gas ones are banned, your policy is generating more cost than benefit for producers and consumers We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our tea...

Source: BNN Bloomberg June 26, 2024

Canadian investors have too much of a 'home bias': Vanguard

Canadian investors are overweight in their domestic holdings at the expense of foreign equities, leaving them with increased exposure to certain risks, according to a new report.  Ashish Dewan, a portfolio consultant at Vanguard Canada, said in a report Tu...

Market Call Source: BNN Bloomberg June 26, 2024

John Hood's Top Picks: June 25, 2024

John Hood, portfolio manager, Croft Financial Group FOCUS: ETFs  MARKET OUTLOOK: Today marks the implementation of the increased capital gains inclusion rate from 50 to 75 per cent. Finance Minister Chrystia Freeland has decreed that this will affe...

Source: BNN Bloomberg June 26, 2024

Canada bonds fall as traders pare rate cut bets on hot CPI data

Canadian bonds sold off after a hotter-than-expected inflation reading for May prompted traders to dial back wagers on the Bank of Canada cutting interest rates in July. The short-end of the curve led the retreat, with yields on policy-sensitive two-year n...

Source: BNN Bloomberg June 26, 2024

Markets today: tech lifts U.S. stocks as FedEx up in late hours

A rally in the world’s largest technology companies lifted stocks, with Nvidia Corp. climbing 7 per cent after a US$430 billion selloff. Equities extended their June advance as the giant chipmaker led gains in the “Magnificent Seven” cohort of megacaps. Th...

Source: BNN Bloomberg June 26, 2024

Alimentation Couche-Tard earnings drop as consumers watch spending

Alimentation Couche-Tard Inc. says its net earnings fell by almost a third in its fourth quarter as inflation-squeezed consumers watch their spending.  The convenience store giant says net earnings attributable to shareholders totalled $453 million in the...