Daily News

Source: BNN Bloomberg February 07, 2023

Bed Bath & Beyond shares post record gain in heavy trading

Bed Bath & Beyond Inc. climbed 92 per cent on Monday to rack up a record one-day advance as trading volume for the beleaguered home-goods retailer surged.  About 240 million shares changed hands, which is more than three times the average over the past mon...

Source: Bankofcanada February 07, 2023

Higher interest rates are working

Governor Tiff Macklem explains how the Bank of Canada’s increases to the policy interest rate will cool the economy and bring inflation down. Watch Go...

Source: Financialpost February 07, 2023

Bed Bath & Beyond has nothing but itself to blame for impending bankruptcy

Its undoing is a story of how deciding to rip it up and start again can leave a company in tatters Bed Bath & Beyond Inc., facing a crisis in late summer as sales plunged and suppliers revolted, insisted its white-collar workers return to the o...

Source: Financialpost February 07, 2023

Bay Street thinks Macklem will cut rates to counter a recession in 2023: Bank of Canada survey

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC Survey suggests M...

Source: Financialpost February 07, 2023

Saskatchewan company greenlights Canada's first large-scale geothermal power plant

A 25-megawatt facility should produce enough power for 25,000 households Saskatchewan’s Deep Earth Energy Production Corp. said it will begin construction this year on Canada’s first commercial-scale facility for producing electricity from geot...

Source: Financialpost February 07, 2023

Posthaste: Canada's home prices are only halfway to the bottom, warn these economists

In the worst case prices could plunge back to 2014 levels, says Oxford Economics Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on th...

Source: Bankofcanada February 06, 2023

University of Alberta crowned National Champion of The Governor’s Challenge

OTTAWA, ONTARIO — The Bank of Canada is pleased to announce the University of Alberta has won the eighth annual Governor’s Challenge, a national student competition...

Source: Bankofcanada February 06, 2023

Market Participants Survey—Fourth Quarter of 2022

The Market Participants Survey results are based on questionnaire responses from about 30 financial market participants. You can view the latest quarterly data here....

Source: Financialpost February 06, 2023

‘Hard lifting' on inflation still to come, says CIO

Watch how investors should position themselves for the pivot and rebound in the market Greg Taylor, chief investment officer at Purpose Investments Inc., talks with Financial Post’s Larysa Harapyn about how investors should be positioning thems...

Source: BNN Bloomberg February 05, 2023

The Week Ahead: Macklem speaks at first event after rate hike; latest jobs data

Monday, February 6 Notable data: Ivey Purchasing Managers Index, U.S. Global Supply Chain Pressure Index Notable earnings: Tyson Foods, Take-Two Interactive Software, TMX Group, Chegg, Coveo Solutions, PrairieSky Royalty, TFI International, Activision...