Daily News

Company News Source: BNN Bloomberg January 26, 2023

Tesla seeks rapid output boost as profit beats estimates

Tesla Inc. reported better-than expected profits in the latest quarter, signaling strength as it faces growing questions about carbuyer demand for its all-electric vehicle lineup.   The Austin, Texas-based company reported adjusted earnings of US$1.19 a sh...

Source: Financialpost January 26, 2023

'Today's hike will be the last': Economists say Bank of Canada to put interest rates on pause

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC Here's what econo...

Source: Financialpost January 26, 2023

Chrystia Freeland finally offers plan to help Bank of Canada cover its losses

Legislative tweak will allow bank to get rid of its first red ink in history Finance Minister Chrystia Freeland will amend the Bank of Canada Act to give the central bank the ability to retain earnings, a legislative tweak that should allow gov...

Source: Financialpost January 26, 2023

Big banks raise prime rate after Bank of Canada interest rate increase

Hike prime rates by 25 basis points to 6.7% The Royal Bank of Canada, Toronto-Dominion Bank, the Bank of Montreal, the Canadian Imperial Bank of Commerce, Bank of Nova Scotia and the National Bank of Canada have hiked their prime rates by 25 ba...

Economy Source: Financialpost January 26, 2023

Chrystia Freeland faces big spending demands and darker economic outlook

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC Finance minister...

Source: BNN Bloomberg January 25, 2023

U.S. stock rally throttled as earnings season picks up

Wall Street saw some buyer fatigue after a solid equity rally, with investors scouring a batch of earnings for clues on the outlook for Corporate America amid mounting fears about a recession. The S&P 500 halted a two-day advance. Just before the start of...

Source: BNN Bloomberg January 25, 2023

Utilities stocks to watch: Hot Picks from Andrew Weisel

As the risk of a recession continues to grow, one investment professional said investors should be looking to the utilities sector amid possible volatility. Speaking with BNN Bloomberg's Amber Kanwar on Tuesday, Andrew Weisel, equity research director at S...

Market Call Source: BNN Bloomberg January 25, 2023

Brooke Thackray's Top Picks: January 24, 2023

Brooke Thackray, research analyst, Horizons ETF Management Canada FOCUS: Seasonal investing and technical analysis  MARKET OUTLOOK: The stock market is struggling to move higher as a result of major crosscurrents. The stock market continues to p...

Source: BNN Bloomberg January 25, 2023

Jeremy Grantham warns of a 17% plunge in the S&P 500 this year

The popping of the bubble in U.S. stocks is far from over and investors shouldn’t get too excited about a strong start to the year for the market, warns Jeremy Grantham, the co-founder and long-term investment strategist of GMO.  In fact, the 84-year-old m...

Company News Source: BNN Bloomberg January 25, 2023

Waratah hedge fund snaps perfect streak With First Annual Loss

Waratah Capital Advisors’ biggest hedge fund posted its first-ever annual loss in 2022, but the Canadian firm still delivered positive returns on most of its products, including its flagship equity funds. The investment manager’s Waratah Performance fund d...