Daily News

Source: Financialpost May 08, 2023

Theo Argitis: Climate plan doubts could speed up Canada election timing

Liberals face choice between two bad options to meet climate goals It would be an exaggeration to say that Canadian business and policymakers are teeming with confidence the country will hit its ambitious climate transition targets. In Ottawa a...

Source: Financialpost May 08, 2023

More bank failures to come with U.S. system under stress

Watch: Purpose Investments' Greg Taylor on the U.S. banking system Greg Taylor, CIO and portfolio manager at Purpose Investments, talks with Financial Post’s Larysa Harapyn about the U.S. regional banking crisis and why more failures may be in...

Source: Financialpost May 07, 2023

'Summertime Bank of Canada hike'? What the economists are saying about April's job numbers

Canada's job numbers blew past expectations in April, but that wasn't the only surprise Canada added 41,400 jobs in April, beating the consensus forecast of Bay Street economists for a gain of 20,000, according to new data released by Statistic...

Source: Financialpost May 07, 2023

Shopify cuts, Fed hikes, TD walks away: Here are the week's top 7 stories

Watch Financial Post reporter Stephanie Hughes count down the stories that made headlines Get the latest from Stephanie Hughes straight to your inbox Sign Up Stephanie Hughes, finance reporter for the Financial Post, walks you through...

Source: Financialpost May 07, 2023

U.S. company touts Calgary apartment tower sale to investors as bet on tight Canadian housing market

Seeking to sell a 462-unit rental building Hines, a real estate company with nearly US$96 billion in assets under management, is pitching international investors on a Canadian apartment building deal as a way to bet on the country’s tight housi...

Source: Financialpost May 07, 2023

TD Bank-First Horizon deal meltdown leaves traders scrambling for protection

Bank scrap proposed takeover Merger arbitrage traders were expecting hiccups in Toronto-Dominion Bank’s proposed takeover of First Horizon Corp., but they were unprepared for what happened on May 5 when the US$13.4 billion transaction melted do...

Source: BNN Bloomberg May 06, 2023

​Investment opportunities: Three fast-food stocks to watch

Investors who are looking for stock picks amid an uncertain economic background could find opportunities within the fast-food sector as consumers become more cautious on spending, one analyst says.   Speaking with BNN Bloomberg’s Amber Kanwar on Friday, Nic...

Market Call Source: BNN Bloomberg May 06, 2023

Brooke Thackray's Top Picks: May 5, 2023

Brooke Thackray, research analyst, Horizons ETF Management Canada FOCUS: Seasonal investing and technical analysis MARKET OUTLOOK: There are currently a lot of headwinds for the stock market. Leading economic indicators continue to point to an econ...

Source: BNN Bloomberg May 06, 2023

Bruised banks fuel short-covering rally in U.S. stocks

The chaotic week for financial markets ended with a rally in risk assets — possibly driven by short-covering — as regional banks rebounded from a brutal rout and solid jobs data tempered fears of a recession. Treasuries fell. A rally in equities halted the...

Source: BNN Bloomberg May 06, 2023

The Week Ahead: Earnings from Air Canada, Brookfield Asset Management, Canadian Tire

Saturday, May 6 Notable earnings: Berkshire Hathaway Berkshire Hathaway’s Annual Shareholder Meeting Monday, May 8 Notable data: Bloomberg Nanos Confidence, U.S. Wholesale Trade Notable earnings: Suncor Energy, Tyson Foods, Six Flags Ente...