Daily News

Source: Financialpost August 31, 2023

Competition Bureau ordered to pay millions to Rogers, Shaw

Judge cites commissioner's 'unreasonable' conduct in attempt to block merger A court has ordered Canada’s competition commissioner to pay telcos Rogers Communications Inc. and Shaw Communications Inc. millions in costs following weeks-long cour...

Source: BNN Bloomberg August 30, 2023

Bank earnings: Money manager picks top bank for the quarter

With Canada’s big six banks in the midst of reporting their latest quarterly results, one money manager suggests the top bank has already reported. Scotiabank and the Bank of Montreal are set to report earnings for the third quarter on Tuesday. National Ba...

Source: BNN Bloomberg August 30, 2023

U.S. stocks up most since June as Fed bets sink yields

Stocks climbed the most since June, while bond yields retreated after economic reports bolstered speculation the Federal Reserve is getting closer to wrapping up its aggressive tightening campaign. Nearly 90 per cent of the S&P 500 companies rose as the ga...

Source: BNN Bloomberg August 30, 2023

TSX recap: Index climbs 1.32% on broad-based gains

Gains in energy, technology and base metals helped lead a broad-based rally on Canada's main stock index Tuesday, which rose 1.32 per cent, while U.S. markets also posted gains.  The S&P/TSX Composite Index closed up 265.27 points at 20,290.41. In New Y...

Source: BNN Bloomberg August 30, 2023

Software stocks to benefit from AI: Expert

Optimism around artificial intelligence has pushed stocks such as NVIDIA Corp. to record highs, and one investment professional says this is just the beginning of the AI boom. Stefan Slowinski, global head of software research at BNP Paribas Exane, said se...

Source: BNN Bloomberg August 30, 2023

What are experts saying about earnings from BMO and Scotiabank?

The Bank of Montreal and the Bank of Nova Scotia have put aside more money in case their customers have trouble paying back their back loans in the months ahead. Both banks revealed a rise in loan loss provisions in third-quarter earnings released on Tuesd...

Market Call Source: BNN Bloomberg August 30, 2023

Brian Madden's Top Picks: August 29, 2023

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities  MARKET OUTLOOK:  Stock markets took a breather in August after a scorching hot run, particularly for U.S. stocks, throughout the first seven mon...

Source: Financialpost August 30, 2023

Suncor pledge to refocus on oil production further proves need for emissions cap: Guilbeault

Environment minister reacts to comments made by Rich Kruger OTTAWA — Recent statements by the chief executive officer of a major oilsands company further the case for federal regulations to cap greenhouse-gas emissions in the oil and gas sector...

Source: Financialpost August 30, 2023

Metro wins court order ending union blockade of food warehouses as sides return to bargaining table

Month-long strike at 27 Metro stores in Greater Toronto Area Get the latest from Jake Edmiston straight to your inbox Sign Up An Ontario judge has ordered an end to a union blockade of Metro Inc.‘s Toronto warehouses after almost a we...

Source: Financialpost August 30, 2023

Posthaste: Bank of Canada may pause rate hikes when it sees this big data

GDP reading expected to show the economy is slowing We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Bank of Canada may pause rate h...