Daily News

Company News Source: BNN Bloomberg February 01, 2024

Mastercard’s costs grow more than expected as earnings beat

Mastercard Inc.’s fourth-quarter earnings beat analysts’ forecasts even as operating expenses grew more than analysts expected. Adjusted earnings came in at US$3.18 a share, higher than estimates of $3.08, while net income of $2.79 billion missed expectati...

Source: BNN Bloomberg February 01, 2024

TSX recap: Index down 0.97% in broad weakness

Canada's main stock index fell more than 200 points Wednesday on broad-based weakness, while U.S. markets also fell, led by losses in the tech sector.  The S&P/TSX Composite Index was down 205.99 points, or 0.97 per cent, at 21,021.88. In New York, the...

Source: Bankofcanada February 01, 2024

Opening Statement before the House of Commons Standing Committee on Finance

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our recent policy announcement and the Bank of Canada’s Monet...

Source: Financialpost February 01, 2024

Philip Cross: From swaggering to staggering: Canada’s decline into irrelevance

It's remarkable how much our international reputation has faded over the past 10 years, both diplomatically and economicallyIt is remarkable how much attitudes about Canada have shifted, both here and abroad, over the past 10 years. A decade ago, riding the...

Economy Source: Financialpost February 01, 2024

Canada's economy grows more than expected, easing pressure on Bank of Canada to cut rates

Heating up of the Canadian economy may push expectations for a first rate cut further down the lineCanada’s real gross domestic product grew 0.2 per cent in November and early estimates suggest December growth was even stronger, a sign of economic resilience...

Source: BNN Bloomberg January 31, 2024

Markets today: stock rally stalls as tech earnings, U.S. Fed in focus

Stocks struggled for solid footing ahead of earnings from some of the tech behemoths that have powered the equity resurgence, with traders also sifting through a batch of economic data and awaiting the Federal Reserve rate decision. The stakes are high for...

Source: BNN Bloomberg January 31, 2024

Canadians being 'very careful' amid high rates: CWB CEO

As Canadians watch for possible central bank rate cuts in 2024, the CEO of CWB Financial Group says people are being “very careful as they’re looking at their decisions on investing.” In an interview with BNN Bloomberg, Chris Fowler said CWB has seen “a lo...

Source: BNN Bloomberg January 31, 2024

Three software stocks positioned to grow in 2024: analyst

A software analyst says he doesn’t expect the sector will fare as well in 2024 as it did during the AI hype of last year, but he still sees buying opportunities in the space. Gil Luria, senior software analyst at D.A. Davidson, told BNN Bloomberg he expect...

Company News Source: BNN Bloomberg January 31, 2024

Alphabet shares fall after search revenue misses estimates

Alphabet Inc. reported fourth-quarter revenue from its core search advertising business that fell short of analysts’ estimates, overshadowing an otherwise strong end to the year. Sales, excluding partner payouts, jumped 15 per cent to US$72.3 billion in th...

Market Call Source: BNN Bloomberg January 31, 2024

Alex Ruus' Top Picks: January 30, 2024

Alex Ruus, portfolio manager, Arrow Capital Management FOCUS: North American stocks MARKET OUTLOOK: After several years of monetary policy tightening from the central banks with interest rates rising to roughly five per cent, it appears they are no...