Daily News

Source: BNN Bloomberg August 12, 2023

The Week Ahead: CPI data due; U.S. Fed meeting minutes

Monday, August 14 Notable earnings: Cargojet, Boralex, Premium Brands Holdings, Palo Alto Networks, Suncor Energy (10 p.m. ET) 7:30 a.m.: Cargojet Q2 Conference Call 10:30 a.m.: Bank of Canada Senior Loan Officer Survey Tuesday, August 15...

Company News Source: BNN Bloomberg August 12, 2023

Sleep Country CEO looking for deals amid recession fears, sales slowdown

Sleep Country Canada’s CEO believes a recession poses opportunities for growth as the company looks at ways to expand operations. Sleep Country reported net income of $12.7 million for its second quarter, down about $10 million from last year, as same-stor...

Source: BNN Bloomberg August 12, 2023

TSX recap: Index caps positive week with 0.32% gain

Canada's main stock market index ticked higher on Friday to cap a week of gains, while U.S. markets were mixed. The S&P/TSX Composite Index closed up 64.76 points, or 0.32 per cent, at 20,407.64.  In New York, the Dow Jones Industrial Average increased...

Source: Financialpost August 12, 2023

Philip Cross: Oppenheimer’s implicit lesson — trust technology more

New technology has helped solve big problems. We should use it now to address climate change This month marks the 78th anniversary of the first atomic bomb being dropped on Hiroshima, so it seems appropriate that one of the summer’s blockbuster...

Source: Financialpost August 12, 2023

Posthaste: Canadians are taking on debt and reducing grocery expenses to travel

Many prioritizing a holiday at the expense of essential spending, poll says We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canadi...

Source: BNN Bloomberg August 11, 2023

U.S. stocks churn as Fed skip in sight, but no pivot

Stocks struggled for direction amid bets that even if the Federal Reserve pauses its rate hikes in September, policy will remain tight to prevent a flare-up in inflation. Treasuries fell after a weak 30-year bond auction. Wall Street’s risk-on bid faded as...

Source: BNN Bloomberg August 11, 2023

TSX recap: Index climbs 0.33% on bank, telecom stocks

Canada's main stock market index posted a small gain Thursday as it continued its climb this week, helped by strength in financial, telecom and technology stocks, while U.S. markets also rose.  The S&P/TSX Composite Index closed up 67.61 points, or 0.33 pe...

Company News Source: BNN Bloomberg August 11, 2023

Canopy Growth to continue paring down 'non-core assets' in profitability push: CEO

Following the latest set of earnings from Canopy Growth Corp., the company’s chief executive officer expects its cannabis operations will become profitable by the end of the fiscal year, as it works to reduce assets and eliminate debt.  On Wednesday, Canop...

Market Call Source: BNN Bloomberg August 11, 2023

Paul Harris' Top Picks: August 10, 2023

Paul Harris, partner and portfolio manager, Harris Douglas Asset Management FOCUS: North American and global stocks  MARKET OUTLOOK: The main issue that faces the market is inflation and interest rates. The U.S. Federal Reserve and other central ba...

Company News Source: BNN Bloomberg August 11, 2023

Sleep Country Canada earns $12.7 million in second quarter as revenues decline

Sleep Country Canada Holdings Inc. reported net income of $12.7 million in the second quarter, down from $22.7 million last year. The Toronto-based company says revenues for the quarter were $217.2 million, down 4.6 per cent from $227.6 million during the...