Daily News

Source: BNN Bloomberg February 25, 2023

​ETFs: Three hot picks from Aniket Ullal

Investors who want to continue to put their money in the markets despite recession risks could find some solace in the exchange-traded-funds (ETF) space, one financial expert advised.    Speaking with BNN Bloomberg's Amber Kanwar on Friday, Aniket Ullal, hea...

Source: BNN Bloomberg February 25, 2023

The Week Ahead: GDP release; Canadian bank earnings continue

Saturday, February 25 Notable earnings: Berkshire Hathaway 0800: Berkshire Hathaway Inc.’s 2022 Annual Report to shareholders will be posted www.berkshirehathaway.com Monday, February 27 Notable data: Current Account Balance, U.S. Durable G...

Source: Financialpost February 25, 2023

Barrie a hotbed of economic activity as Ontario city prepares for massive population growth

This article is Sponsored This story was created by Content Works, Postmedia’s commercial content division, on behalf of a client. by Invest Barrie In the vibrant, rapidly growing city of Barrie, ON, strategic investment...

Source: Financialpost February 25, 2023

'Holding ourselves accountable': Tim Hortons' parent RBI to start releasing earnings per restaurant

New RBI chief executive set to take over on March 1 Tim Hortons‘ parent company will start publicly releasing average earnings results for its restaurant brands going forward in a bid to visibly measure the success of its franchisees as a newly...

Source: Financialpost February 25, 2023

CIBC beats expectations despite profit drop as bank earnings kick off

Capital markets profit surges 13% despite volatility The Canadian Imperial Bank of Commerce saw higher revenue across most of its business lines and beat analyst expectations in the first quarter but posted a drop in net income on higher loan-l...

Source: Financialpost February 25, 2023

Terence Corcoran: Ottawa needs to fix foreign homebuyer ban

Sources in the real estate legal community suggest Ottawa has seriously bungled its property ownership measures My last column, wittily headlined “Property rights? No way, man. This is Canada!”, reviewed attacks on the rights of property owners...

Source: Financialpost February 25, 2023

David Rosenberg: Time to call it the way I see it — the earnings recession is underway

Why am I the only one (almost) seeing the castles built on sand? I have published a daily piece since 1998, but I’m really a big picture guy when all is said and done. The investment community has turned into a bunch of trading junkies over the...

Source: BNN Bloomberg February 24, 2023

U.S. stocks snap back with nerves frayed ahead of PCE

Tech led stock gains in a jittery session before inflation data that will help shape the views on whether a soft landing is on the table amid the Federal Reserve’s most-aggressive tightening campaign in a generation. After erasing a rally of almost 1 per c...

Company News Source: BNN Bloomberg February 24, 2023

Headwinds weighed on Stelco's Q4 results, but have since reversed: CEO

Stelco Holdings Inc. reported its fourth-quarter earnings Wednesday with declines in revenue and profit, as its chief executive said the company faced multiple headwinds which are no longer in place.  According to a news release from Stelco Holdings Wednes...

Market Call Source: BNN Bloomberg February 24, 2023

John Zechner's Top Picks: February 23, 2023

John Zechner, chairman and founder, J. Zechner Associates FOCUS: North American large-cap stocks MARKET OUTLOOK: Interest rates remaining “higher for longer” as well as earnings are the biggest risks for stocks in 2023, much as rising interest rates...