Daily News

Source: Financialpost August 25, 2023

CRA decision to deny taxpayer late-filing relief sent back for review by judge

Jamie Golombek: Court says CRA was 'unreasonable' and conclusion 'not justified, transparent or intelligible' Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purch...

Source: Financialpost August 25, 2023

Posthaste: Bank of Canada could cut interest rates earlier than expected — if it goes by this data

CIBC says rising jobless rate could bring end to higher interest rates 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 Cana...

Source: BNN Bloomberg August 24, 2023

QQQ climbs in late trading after Nvidia's results

Stocks climbed the most since June, while bond yields fell after economic reports in both the U.S. and Europe fueled bets that major central banks will pause their interest-rate hikes to prevent a recession. In late-trading, a US$200 billion exchange-trade...

Source: BNN Bloomberg August 24, 2023

What are analysts expecting from Canadian bank earnings?

Analysts are watching for how higher interest rates are weighing on Canadian banks as the sector gears up to report earnings.   TD Bank and the Royal Bank of Canada are set to report earnings on Thursday. The Bank of Montreal and the Bank of Nova Scotia will...

Company News Source: BNN Bloomberg August 24, 2023

Canada bank results seen hit by expenses, strained consumers

After months of underperforming the broader market, Canada’s Big Six banks are likely to continue struggling as expenses and loan-loss provisions rise and consumer finances deteriorate. Higher interest rates are expected to hurt lenders’ fiscal third-quart...

Market Call Source: BNN Bloomberg August 24, 2023

Eric Nuttall's Top Picks: August 23, 2023

Eric Nuttall, partner and senior portfolio manager, Ninepoint Partners FOCUS: Energy stocks  MARKET OUTLOOK: The global oil market is in deep deficit due to record high oil demand, despite over a year of recessionary fears, and restrained oil expor...

Source: BNN Bloomberg August 24, 2023

​Software companies positioned to grow: Analyst

Artificial intelligence will be a catalyst for growth at numerous software companies as the technology is integrated more into daily operations and offerings, according to one analyst.    Speaking with BNN Bloomberg’s Amber Kanwar on Wednesday, Tyler Radke,...

Company News Source: BNN Bloomberg August 24, 2023

Nvidia earnings could set tone for global stock market

Big Tech’s earnings season is wrapping up with a bang: Nvidia Corp., at the center of the artificial intelligence frenzy, is reporting results that could set the tone for global stock markets for the rest of the year. The chipmaker has added more than US$3...

Source: BNN Bloomberg August 24, 2023

TSX recap: Index climbs 0.96% on broad-based rally

Technology stocks helped lead a broad-based rally, bringing Canada's main stock index up almost 200 points Wednesday, while U.S. stock markets also climbed. Bond yields moved lower Wednesday, easing pressure on equities after a string of increases recently...

Source: BNN Bloomberg August 24, 2023

Nvidia soars as insatiable AI demand fuels blowout forecast

Nvidia Corp., already the star of the tech industry’s race toward artificial intelligence computing, delivered another stunningly strong quarterly revenue forecast, fueled by surging demand for its AI processors. The shares soared more than 8 per cent in e...