Daily News

Company News Source: BNN Bloomberg April 05, 2024

'Can this pace continue?' analyst wonders after Dollarama reports Q4 profit, sales growth

As Dollarama Inc. reported fourth-quarter profit and sales gains, as well as a dividend hike, one analyst says the biggest question regarding the retailer is if it can sustain its pace of growth.  The Montreal-based retailer reported its fourth-quarter ear...

Source: Financialpost April 05, 2024

Home prices set to hit record in 2026 amid unrelenting demand: CMHC

Buyers will return to housing market in second half of 2024, CMHC saysCanadian housing prices could reach a new record by 2026, driven by unrelenting demand from a growing population, according to an outlook published by the national housing agency on Thursd...

Source: Financialpost April 05, 2024

Growing skepticism on interest rate cuts has mortgage market on edge

Robert McLister: Strong jobs numbers could prompt traders to pump up bond yields, with mortgage rates feeling the burnThe rate market is on edge, pending Friday’s pivotal employment reports north and south of the border. Bondholders are hungry for signs of a...

Source: Financialpost April 05, 2024

Posthaste: Here's another sign interest rates have more Canadians walking a financial tightrope

Latest bankruptcy data shows consumers scrambling for relief We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Here's another sign interest rates have more Canadian...

Source: Financialpost April 05, 2024

The winners and losers as the loonie keeps flying south

Rosenberg Research: A weak loonie is not a thing to automatically fearThe Canadian dollar looks set to take a dive this summer, or at least to remain weak for some time to come. We apologize, but this video has failed to load. Try refreshing your brow...

Economy Source: Financialpost April 05, 2024

Canada to dodge recession, but economy remains fragile

Watch: Dawn Desjardins of Deloitte Canada talks about the economy and the Bank of CanadaDawn Desjardins, chief economist at Deloitte Canada, talks to the Financial Post’s Larysa Harapyn about why economists think Canada will avoid a recession, the risks the...

Source: BNN Bloomberg April 04, 2024

The Daily Chase: Indigo goes private, Lightspeed layoffs

Here are five things you need to know this morning: Indigo set to go private:  Retailer Indigo will soon be taken private after the board has agreed to a sweetened takeover offer from its largest shareholder. A holding company controlled by Onex chairman G...

Source: BNN Bloomberg April 04, 2024

'Red flag': U.S. short seller targets WSP Global

A prominent U.S. short seller has targeted Montreal-based engineering firm WSP Global and believes its stock is overpriced upwards of 50 per cent. Spruce Point Capital Management issued a “strong sell” position against WSP as it raised concerns about the “...

Source: BNN Bloomberg April 04, 2024

Markets today: bonds get some relief from Powell's deja-vu tone

The bond market rebounded from session lows, with Jerome Powell only reiterating the Federal Reserve’s wait-and-see approach before policymakers decide to embark on interest-rate cuts. While the Fed chief didn’t break any major new ground, Wall Street got...

Company News Source: BNN Bloomberg April 04, 2024

BlackBerry reports US$56 million loss in Q4, revenue hits US$173M

BlackBerry Ltd. says it lost US$56 million in its latest quarter, compared with a loss of US$495 million a year ago. The Waterloo, Ont.-based technology company, which reports its earnings in U.S. dollars, says the fourth-quarter loss amounts to 10 cents U...