Daily News

Source: BNN Bloomberg August 03, 2023

EQ Bank’s CEO says its stock is outperforming other banks

As shares of EQB Inc., the owner of EQ Bank, are trading higher following its latest earnings release, the firm’s top executive says it’s outperforming major banks publicly listed in both Canada and the U.S.  As of Wednesday afternoon, shares for the Toron...

Company News Source: BNN Bloomberg August 03, 2023

Spin Master sees sales, earnings decline in second quarter amid weaker order volume

Spin Master Corp. says it earned US$28 million in the second quarter, down from US$88.1 million a year earlier. The Toronto-based toy and entertainment company says revenue was US$420.7 million, down from US$506.3 million during the same quarter last year....

Source: Financialpost August 03, 2023

Posthaste: Is the Great Resignation back on? More workers planning to quit as pressures mount

Employees are feeling stressed, and that's with many not even considering how AI will change their jobs We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our...

Source: Financialpost August 03, 2023

Equitable Bank earnings break record as alternative lenders thrive amid high interest rates

First National also beats earnings expectations Equitable Bank reported its best ever quarterly earnings per share in the second quarter as high interest rates push Canadians to look for alternatives to traditional banking....

Source: Financialpost August 03, 2023

BofA cancels call for recession in U.S. — the first big Wall Street bank to do so

Joins Federal Reserve in reversing forecast for downturn Economists at Bank of America Corp. revoked their forecast for a recession in the United States, becoming the first large Wall Street bank to officially reverse its call amid growing opti...

Source: BNN Bloomberg August 02, 2023

U.S. stocks bend, don’t break after 30% rally from lows

Stocks lost a bit of steam at the start of August as a rally that pushed the market up about 30 per cent from its lows spurred calls on a near-term pullback. Just a few days ahead of the all-important jobs report, data suggested some softening in demand fo...

Market Call Source: BNN Bloomberg August 02, 2023

Keith Richards' Top Picks: August 1, 2023

Keith Richards, president and chief portfolio manager, ValueTrend Wealth Management FOCUS: Technical analysis  MARKET OUTLOOK: Same old song. The market remains in a sub-optimal risk/return environment. But, as noted in my recent blogs, some factor...

Source: BNN Bloomberg August 02, 2023

TSX poised for a bullish Q3, analyst suggests

While the Toronto Stock Exchange has underperformed thus far in 2023, at least one analyst believes the third quarter could be the turnaround. Sid Mokhtari, chief market technician at CIBC Capital Markets, believes the TSX could outperform the S&P 500 this...

Source: BNN Bloomberg August 02, 2023

TSX recap: Index falls nearly 100 points on banking losses

Canada's main stock index fell almost 100 points with weakness in financials, base metals and utilities helping drag the index lower, while U.S. markets were mixed. The S&P/TSX Composite Index closed down 93.71 points, or 0.45 per cent, at 20,532.93. In...

Company News Source: BNN Bloomberg August 02, 2023

Strathcona intends to go public around October: CEO

As Strathcona Resources Ltd. announced a new acquisition, accompanied by a venture to go public, the company’s top executive said the plan is for the stock to be available to public investors around October.  Adam Waterous, the chief executive officer and...