Daily News

Source: Financialpost May 07, 2024

TD Bank risks 'lost decade' in money-laundering scandal, Jefferies says

The U.S. Department of Justice is investigating the bank over its ties to a US$653 million drug money-laundering caseA veteran Canadian bank analyst says Toronto-Dominion Bank’s role in an alleged money-laundering scheme has made the “worst-case scenario” mo...

Economy Source: Financialpost May 07, 2024

Trudeau, economy face warning signs as gen Z feels poorer

The youth personal finance sentiment has been in free-fall since March, down 17 points in five weeksCanadians are feeling gloomy about their personal finances — and generation Z is the gloomiest of all. We apologize, but this video has failed to load....

Source: Bankofcanada May 06, 2024

Bank of Canada updates progress on new $20 note

On the first anniversary of the coronation of His Majesty King Charles III, the Bank of Canada issued a progress update on designing a new $20 bank note. As announc...

Source: Financialpost May 06, 2024

3 burning finance questions about federal budget 2024

Here are some action items you might need to contemplate right nowReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. The federal governm...

Source: Financialpost May 05, 2024

Trans Mountain 'one of the most bullish catalysts' for Canadian oil in years, analysts says

Watch oil expert Eric Nuttall talk about Canada's newest pipeline and what it means for oil prices and oil companiesEric Nuttall, senior portfolio manager at Ninepoint Partners LP, talks with Financial Post’s Larysa Harapyn about the Trans Mountain pipeline...

Company News Source: BNN Bloomberg May 04, 2024

Apple rallies most in 18 months on upbeat forecast, buyback

Apple Inc. shares jumped the most in almost a year-and-a-half after the company posted stronger-than-expected sales last quarter and predicted a return to growth in the current period, sparking optimism that a slowdown is easing. Though revenue fell 4.3 pe...

Source: BNN Bloomberg May 04, 2024

Markets today: U.S. stocks bulls back in charge as jobs fuel Fed bets

Stocks notched their biggest advance since February as a slowdown in U.S. jobs sent bond yields sliding, with traders reviving bets on Federal Reserve rate cuts this year. A softer-than-estimated payrolls number — that did not signal the labor market is ro...

Market Call Source: BNN Bloomberg May 04, 2024

Brooke Thackray's Top Picks: May 3, 2024

Brooke Thackray, research analyst, Global X FOCUS: Seasonal investing and technical analysis  MARKET OUTLOOK: The S&P 500 Index has been struggling after setting an all-time high on March 28, 2024. Recently, the S&P 500 has broken its upward trend...

Source: BNN Bloomberg May 04, 2024

Apple's US$110 billion stock buyback plan is largest in U.S. history

In a move fitting for one of the largest companies in the world, Apple Inc. just announced the biggest U.S. buyback ever, saying its board approved an additional US$110 billion in share repurchases.  With the announcement, the maker of iPhones tops its own...

Source: BNN Bloomberg May 04, 2024

The Week Ahead: BoC Financial System Review; Shopify earnings

Monday, May 6 Earnings: Energy Fuels Inc, Westshore Terminals, MEG Energy, Finning Intl, Tyson Foods, Loews Corp    Tuesday, May 7 Earnings: Pet Valu, Ballard Power, George Weston, Kinross, Boardwalk REIT, Spin Master, Riocan REIT, Dream Indu...