Daily News

Market Call Source: BNN Bloomberg June 12, 2024

Gordon Reid's Top Picks: June 11, 2024

Gordon Reid, president & CEO, Goodreid Investment Counsel FOCUS: U.S. equities MARKET OUTLOOK: Now it gets interesting. The U.S. economy is showing some signs of fatigue – expected given the persistence of the U.S. Federal Reserve, but surprising t...

Source: BNN Bloomberg June 12, 2024

Apple hits first record this year on hopes AI will fuel upgrades

Apple Inc. shares rallied to their first record since December on Tuesday, as investor sentiment around the iPhone maker continues to improve. Shares soared 7.3 per cent to US$207.15 in their biggest one-day jump since November 2022. The gain added $215.1...

Source: Bankofcanada June 12, 2024

Central banking: Navigating in a new world

Good afternoon. It’s always great to be back in Montréal, my hometown. And I could not be more pleased to be here with Joachim Nagel, President of the D...

Source: Financialpost June 12, 2024

Liberals playing with inclusion rates is divisive politics at its worst

Kim Moody: For those who believe the messaging and think it is necessary to solve income and wealth inequality, think again.Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purc...

Source: Financialpost June 12, 2024

Canadian investor inspired by Warren Buffett sinks after founder sells

Tiny Ltd. lost about $80 million in market capitalization by the end of trading on MondayCanadian holding company Tiny Ltd. plunged 16 per cent on Monday after its founders stepped down as co-chief executives and one of them said he’d sell millions of shares...

Source: Financialpost June 12, 2024

National Bank to accelerate domestic growth with the acquisition of Canadian Western Bank

This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire GlobeNewswire...

Source: Financialpost June 12, 2024

Pierre Poilievre opposes capital gains hike, promises new tax cut

Vote is still expected to pass easily with the support of the NDPReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Conservative Leader...

Source: Financialpost June 12, 2024

National Bank to buy Canadian Western Bank

Share exchange values the Edmonton-based lender at approximately $5 billionMONTREAL — National Bank of Canada says it is purchasing Canadian Western Bank in a share exchange that values the Edmonton-based lender at approximately $5 billion. We apologize,...

Source: BNN Bloomberg June 11, 2024

RBC's Calvasina sees risk of S&P 500 sinking 8% if no Fed cut

Investors remain too optimistic about the timing of a U.S. Federal Reserve interest-rate cut, according to RBC Capital Markets strategists, who see the risk of an eight per cent slump in U.S. stocks if easing fails to materialize this year. The team led by...

Source: BNN Bloomberg June 11, 2024

Markets today: U.S. stocks eke out gains in Fed run-up as Euro falls

Stocks eked out gains in a cautious session that saw investors positioning for the Federal Reserve decision and key inflation data. Apple Inc. slid even after unveiling new artificial-intelligence features. As traders braced for volatility ahead of U.S. ma...