Daily News

Economy Source: Financialpost April 29, 2023

Canadian economy seen shrinking after February growth falls short of expectations

Statistics Canada estimates growth dipped into the red in March OTTAWA — The Canadian economy grew 0.1 per cent in February from January, less than expected, and the gross domestic product likely contracted in March, Statistics Canada data show...

Source: BNN Bloomberg April 28, 2023

U.S. tech shares surge on earnings; Treasuries retreat

U.S. equities rose the most since January and Treasuries retreated Thursday after solid earnings from technology companies blotted out the impact of a report showing slowing economic growth and higher-than-forecast inflation. The S&P 500 jumped 2.0 per cen...

Source: BNN Bloomberg April 28, 2023

​TSX recap: Index finishes higher amid gains in financials stocks

Canada's main stock index rose more than 150 points with broad-based gains led by financials, health care and metals, while U.S. markets posted strong gains as tech stocks continued to impress during earnings season.  The S&P/TSX Composite Index was up 155...

Source: BNN Bloomberg April 28, 2023

​Why this market expert is bullish on tech stocks

Technology stocks have suffered a major blow within the last year but the sector is gaining once again as several industry heavyweights post strong earnings results.    Speaking with BNN Bloomberg’s Amber Kanwar on Thursday, Pete Najarian, co-founder of Mark...

Source: BNN Bloomberg April 28, 2023

Amazon surges after profit, cloud-unit sales top estimates

Amazon.com Inc. reported quarterly profit that topped estimates as cost cuts and surprisingly strong sales in the cloud-computing division helped the e-commerce giant weather an uncertain economy. The shares were little changed in extended trading, giving bac...

Source: BNN Bloomberg April 28, 2023

Snap falls after posting revenue decline on advertising weakness

Snap Inc. reported its first-ever decline in quarterly revenue after making major changes to its advertising tools. Shares plunged. The maker of the Snapchat app said first-quarter revenue fell 7 per cent to US$988.6 million. That missed the average analys...

Source: BNN Bloomberg April 28, 2023

Canopy, Tilray lead weed stocks higher on U.S. banking bill hopes

Weed stocks surged after a key piece of legislation was reintroduced in U.S. Congress that would open up banking services to the legal cannabis industry. The Roundhill Cannabis ETF (WEED) is up as much as 14 per cent, its largest intraday jump in six month...

Market Call Source: BNN Bloomberg April 28, 2023

Jamie Murray's Top Picks: April 27, 2023

Jamie Murray, portfolio manager, Murray Wealth Group FOCUS: North American and global equities  MARKET OUTLOOK: The market has rebounded strongly from its fall 2022 lows and should grind higher as the inflation outlook improves. Many commodity pric...

Technology Source: BNN Bloomberg April 28, 2023

Intel rallies after giving hope of recovery in second half

Intel Corp. shares jumped after the chipmaker promised a recovery in the second half, leading investors to look past a disappointing forecast for profitability in the current quarter. The company predicted a return to free cash flow in the second half and...

Source: Financialpost April 28, 2023

Pierre Poilievre urges Trudeau government to block Glencore's bid to buy Teck

Conservative leader says 'hostile foreign takeover' would threaten jobs and critical resources Get the latest from Naimul Karim straight to your inbox Sign Up Pierre Poilievre, leader of the Conservative party, is calling for the fede...