Daily News

Source: BNN Bloomberg May 03, 2023

Ford beats on first-quarter profit, maintains 2023 outlook

Ford Motor Co., beat first-quarter profit estimates, posting a surprisingly strong gain on higher vehicle pricing and increased sales volumes. It left its full-year outlook unchanged. The automaker Tuesday posted adjusted earnings per share of 63 cents, fa...

Source: BNN Bloomberg May 03, 2023

Apax weighs buyout of US$2B IT firm Thoughtworks

A consortium backed by buyout firm Apax Partners is considering a potential bid to take U.S.-listed technology consultancy Thoughtworks Holding Inc. private, people familiar with the matter said. Apax has teamed up with Canada Pension Plan Investment Board...

Market Call Source: BNN Bloomberg May 03, 2023

Michael Sprung's Top Picks: May 2, 2023

Michael Sprung, president, Sprung Investment Management FOCUS: Canadian large-cap stocks  MARKET OUTLOOK: Inflation and rising interest rates continue to be a major preoccupation for everyone. In this setting, capital markets are volatile as invest...

Company News Source: BNN Bloomberg May 03, 2023

Aritzia earns $37.3M in Q4 as sales continue to climb in U.S. and Canada

Aritzia Inc. says its net income for the fourth quarter was $37.3 million, up 9.1 per cent from $34.2 million a year earlier. The Vancouver-based clothing retailer saw its net revenue climb 43.5 per cent in the quarter ended Feb. 26 to $637.6 million. R...

Source: Financialpost May 03, 2023

Posthaste: Why life after interest rate hikes might not be all it's cracked up to be

Investors shouldn't break out the champagne just yet We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Why life after interest rate h...

Source: Financialpost May 03, 2023

CI Financial cut to junk after asking S&P to stop ratings

S&P expects CI will operate with debt of four to five times earnings over the next year CI Financial Corp.’s debt was cut to junk by S&P Global Ratings after the Canadian asset manager asked S&P to stop rating its debt. The shares fell the most...

Source: Financialpost May 03, 2023

WestRock to Close Paper Mill in North Charleston, South Carolina

This section is Partnership Content supplied The content in this section is supplied by Business Wire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Business Wire...

Source: Financialpost May 03, 2023

Crisis hits Canadian banks' deposits in U.S. with TD faring the worst, filings show

Deposits at four Canadian banks with significant U.S. divisions slipped by 3% quarter over quarter Get the latest from Stephanie Hughes straight to your inbox Sign Up Canadian banks with operations south of the border are showing some...

Source: BNN Bloomberg May 02, 2023

The Week Ahead: FOMC set to begin; earnings from Starbucks

Monday, May 1 Notable data: Bloomberg Nanos Confidence, S&P Global Canada Manufacturing PMI, U.S. Construction Spending, ISM Manufacturing PMI Notable earnings: Corby Spirit and Wine, Cargojet, Dye & Durham, Chegg, MGM Resorts Int’l, TMX Group, MEG...

Source: BNN Bloomberg May 02, 2023

Possible pause in U.S. rate hikes could boost tech sector optimism: Analyst

Several technology giants have posted strong quarterly results this earnings season despite dealing with uncertain economic activity, and one analyst says the latest push for the sector could come from the anticipated pause in rate hikes from the U.S. Federal...