Daily News

Source: Financialpost April 25, 2024

Canadian dollar could sink to 50 cents a decade from now, says analyst

Watch Jean-Francois Tardif of Timelo Investment explain what could drive the loonie to those depthsJean-François Tardif, founder of Timelo Investment Management, speaks with Financial Post’s Larysa Harapyn about how the 2024 federal budget could impact the C...

Source: BNN Bloomberg April 24, 2024

Markets today: 'Mag Seven' roar as Tesla jumps in late hours

A rally in tech heavyweights lifted the broader stock market, with the group’s high-stakes earnings seen by Wall Street investors as a major test of the bull run in equities. In late hours, Tesla Inc. soared despite an earnings miss, with Elon Musk’s elect...

Source: BNN Bloomberg April 24, 2024

Equifax Canada testing use of rental payment data for credit scores

Equifax Canada is exploring how rent data could factor in to credit scores to help make credit and financial services accessible to more people. The agency said it has been testing small volumes of rental payment data to assess its suitability. An Equif...

Source: BNN Bloomberg April 24, 2024

CN Rail profits fall alongside container shipment revenue

Canadian National Railway Co. says earnings slid last quarter amid higher labour costs and lower revenue from container shipments. The country's largest railroad operator is reporting that net income feel nearly 10 per cent to $1.10 billion in the three mo...

Source: BNN Bloomberg April 24, 2024

First Quantum reports US$159 million loss in Q1, says balance sheet shored up

First Quantum Minerals Ltd. says it lost US$159 million in its first quarter, down from profits of US$75 million a year earlier. However, it's a shallower loss than the US$1.45 billion First Quantum reported in the previous quarter. CEO Tristan Pascall...

Source: BNN Bloomberg April 24, 2024

Tesla aims to release cheaper cars by 2025 after sales miss

Tesla Inc. is accelerating the launch of more affordable models in a bid to arrest a deterioration in its profit margins and sales. The electric-vehicle maker plans to release the cheaper cars by the end of this year or in early next, well ahead of the lat...

Company News Source: BNN Bloomberg April 24, 2024

West Fraser Timber earns US$35 million in first quarter, up from loss last year

West Fraser Timber Co. says it earned US$35 million in its first quarter, up from a loss of US$42 million a year earlier. Earnings per diluted share were 42 cents US, compared with a loss of 52 cents during the same quarter last year. The Vancouver-base...

Source: Bankofcanada April 24, 2024

Summary of Governing Council deliberations: Fixed announcement date of April 10, 2024

This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on April 10, 2024. This summary reflects d...

Source: Financialpost April 24, 2024

Has the great Toronto condo boom finally hit a wall?

Condo market faces challenges as construction slows and sales plummetSales of new condos in Toronto plunged in the first quarter of 2024 as a rising inventory of unsold units and soaring construction costs put a damper on the once booming market. We a...

Source: Financialpost April 24, 2024

Posthaste: Canada’s middle class is losing momentum as wealth gap widens

Key engine of economy losing steam as wealth gap widens to biggest since 2015, says TD We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canada’s middle class is lo...