Daily News

Source: Financialpost April 04, 2024

Rising oil prices may affect timing of Bank of Canada rate cuts, economists say

Policymakers could find high energy prices concerning Get the latest from Naimul Karim straight to your inbox Sign Up Oil prices reached their highest levels in five months this week, and economists say that could make the Bank of Canada a “little con...

Source: Financialpost April 04, 2024

Posthaste: Many taxpayers owed money by the CRA aren't collecting it all

Many don't understand how to maximize tax refunds, fail to ensure deductions on paycheques are accurate We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Many taxpa...

Source: BNN Bloomberg April 03, 2024

Markets today: U.S. stocks fall on fears rate cuts will be delayed

Stocks fell as bond yields rose after solid economic readings and a rally in commodities spurred speculation that major central banks will keep interest rates higher for longer. In a revival of the “good news is bad news” trade, better-than-estimated data...

Source: BNN Bloomberg April 03, 2024

The Daily Chase: Oil tops US$85, Tesla sales plunge

Here are five things you need to know this morning: Oil price tops US$85: The price of the North American oil benchmark has topped US$85 a barrel for the first time since October as OPEC production cuts couple with an uptick in demand. The most heavily tra...

Commodities Source: BNN Bloomberg April 03, 2024

Enbridge kicks off bond sale after ratings cut by Moody’s

Enbridge Inc. sold US$3.5 billion of debt on Tuesday following a downgrade last week by Moody’s Ratings. The longest portion of the four-part bond offering, a 30-year security, will yield 145 basis points over Treasuries, according to a person with knowled...

Market Call Source: BNN Bloomberg April 03, 2024

Eric Nuttall's Top Picks: April 2, 2024

Eric Nuttall, partner and senior portfolio manager, Ninepoint Partners FOCUS: Energy stocks  MARKET OUTLOOK: We remain bullish on the outlook for Canadian energy stocks as we expect oil to trade in a roughly US$70-$80 West Texas Intermediate (WTI)...

Company News Source: BNN Bloomberg April 03, 2024

Disney investors look beyond board battle as ‘cheap’ stock soars

As Walt Disney Co. looks set to conclude a showdown over the composition of its board, bulls have sent the stock soaring.   The shares have rallied nearly 35 per cent this year, more than triple the gain of the S&P 500 Index. Buoyed by better-than-expected...

Source: BNN Bloomberg April 03, 2024

‘You have to think about yields’: BMO Global Asset expert on Telco underperformance

As investors grow cautious towards the Telecom sector due to underperformance amid high competition within the TSX, one global asset expert is focusing on TSX financials, which have high yields and diversified business that extend beyond Canadian soil. “Yo...

Source: Financialpost April 03, 2024

Ross McKitrick: Economists’ letter misses the point about the carbon tax revolt

Yes, the carbon tax works great in a 'first-best' world where it's the only carbon policy. In the real world, carbon policies are piled highAn open letter is circulating online among my economist colleagues aiming to promote sound thinking on carbon taxes. I...

Source: Financialpost April 03, 2024

Tesla sales fall short by biggest miss ever in brutal blow for EVs

Shares plunge, extending biggest rout in the S&P 500Tesla Inc. had Wall Street analysts second-guessing their models as the first quarter came to a close. One after another reduced their estimate for vehicle deliveries. We apologize, but this video ha...