Daily News

Source: Financialpost January 14, 2024

Trans Mountain pipeline variance request gets approved by regulator

The pipeline is Canada’s only oil pipeline to the West Coast and its expansion will increase the pipeline’s capacity to 890,000 barrels per day from 300,000 bpd currentlyCALGARY — The imminent completion of the Trans Mountain pipeline expansion is more likel...

Source: BNN Bloomberg January 13, 2024

Markets today: U.S. bond traders reload Fed-cut wagers after PPI data

  Treasury two-year yields dropped to the lowest level since May as a surprise decline in producer prices reinforced bets on Federal Reserve rate cuts this year. Traders are pricing in an about 80 per cent chance of a Fed reduction in March — up from a...

Source: BNN Bloomberg January 13, 2024

The Week Ahead: inflation, Canadian retail sales

Monday, January 15 Notable events: Martin Luther King Jr. Day in the U.S., World Economic Forum meetings in Davos begin, Iowa caucus day in U.S. Notable data: Bloomberg-Nanos confidence poll, CREA monthly Canadian housing numbers, Bank of Canada busin...

Source: BNN Bloomberg January 13, 2024

TSX recap: Index eeks out small gain

Canada's main stock index posted a small gain Friday, while U.S. markets were mixed following a report on wholesale inflation and the start to fourth-quarter earnings season.  The S&P/TSX Composite Index closed up 71.82 points, or 0.34 per cent, at 20,990....

Source: Financialpost January 13, 2024

Howard Levitt: It's time for government and police to take anti-Semitic intimidation seriously

Authorities must articulate clearly that arrests will be made and charges laid for racist breaches of the criminal codeLiberal MP Marco Mendicino famously called in the police to make arrests, freeze bank accounts and break up the Ottawa trucker protests in...

Source: Financialpost January 13, 2024

Pierre Poilievre pledges to tie immigration levels to homebuilding

Trudeau has fallen far behind Poilievre in public polling, and the high cost of housing is likely part of the explanationThe Conservative politician who’s trying to take down Justin Trudeau said that if he’s elected, he would link Canada’s immigration levels...

Source: Financialpost January 13, 2024

Terence Corcoran: Better start hoarding Pepsi and Frito-Lays

Grocery code of misconduct may be coming for your favourite productsAs we all know, the Canadian grocery business is a giant national price-gouging cabal of oligopolistic profiteers that rips off consumers and drives food inflation to levels that are causing...

Source: BNN Bloomberg January 12, 2024

Aritzia looking to new stores to boost business as it reports Q3 net income drop

Executives at Aritzia Inc. are leaning on a slew of new and upcoming stores to help boost business in its upcoming fiscal year. "Our new stores are our most consistent growth driver, historically delivering predictable revenue growth and propelling our bra...

Source: BNN Bloomberg January 12, 2024

Markets today: Stocks drop as 'not great' CPI whipsaws U.S. Treasuries

Wall Street saw a volatile session, with stocks down and bonds whipsawing after hotter-than-anticipated U.S. inflation data tempered bets on a Federal Reserve rate cut in March. All around trading desks, the prevailing view is that the consumer price index...

Technology Source: BNN Bloomberg January 12, 2024

Bitcoin ETF trades top US$3 billion in 'ground-breaking' first day

The first U.S. ETFs that directly hold Bitcoin are off to a strong start, with billions of dollars changing hands in a historical first day of trading for the long-sought investment vehicles.  Over US$3.5 billion shares have traded between the 11 U.S. spot...