Daily News

Source: BNN Bloomberg April 21, 2023

Tech leads U.S. stocks lower with Tesla tumbling 10%

Stocks fell and bonds rose after data showed some softening in the labor market, housing and a gauge of business outlook. Traders also continued to wade through corporate earnings and comments from Federal Reserve speakers. The tech-heavy Nasdaq 100 underp...

Source: BNN Bloomberg April 21, 2023

​M&A activity sparks investment opportunities in pharmaceuticals: Hot picks

There’s been an uptick in merger and acquisition activity within the biopharmaceuticals industry and one financial expert says several companies are well positioned to benefit from future anticipated deals.    In an interview with BNN Bloomberg’s Amber Kanwa...

Market Call Source: BNN Bloomberg April 21, 2023

Chris Blumas' Top Picks: April 20, 2023

Chris Blumas, portfolio manager, Raymond James Investment Counsel FOCUS: North American large caps  MARKET OUTLOOK: The possibility of lower interest rates is the main catalyst that has driven stock prices higher since the start of the year. Howeve...

Source: BNN Bloomberg April 21, 2023

​TSX recap: Index finishes 0.24 per cent lower amid losses in energy stocks

Canada's main stock index was down on Thursday, weighed down by losses in the energy sector as the price of oil fell, while U.S. stock markets were also lower. The S&P/TSX Composite Index was down 50.14 points, or 0.24 per cent, at 20,630.69. In New Yor...

Company News Source: BNN Bloomberg April 21, 2023

AT&T falls most since 2000 on cash flow miss, subscriber falloff

AT&T Inc. fell the most in more than two decades after the No. 3 U.S. wireless carrier missed analysts’ estimates for free cash flow in the first quarter and added fewer subscribers than a year earlier, signaling tight competition among rivals. Free cash f...

Source: Financialpost April 21, 2023

Navdeep Bains to join Rogers as chief corporate affairs officer

Bains will oversee Rogers’ public policy and ESG efforts Former federal industry minister Navdeep Bains is joining Rogers Communications Inc. as chief corporate affairs officer, the telecom company announced April 20, one of a number of executi...

Source: Financialpost April 21, 2023

TD CEO offers few details on state of First Horizon deal

But Bharat Masrani still sees the benefits of the merger Get the latest from Stephanie Hughes straight to your inbox Sign Up Toronto-Dominion Bank chief executive Bharat Masrani still sees the benefits of merging with Memphis-based Fi...

Source: Financialpost April 21, 2023

Canada rakes in $13 billion of orders for 5-year note in record U.S. dollar deal

Better spread over Treasuries Canada got over $13.3 billion of investor orders for its largest transaction in the U.S. currency on record, according to a person with knowledge of the matter, as the inversion in the Treasury yield curve continue...

Source: Financialpost April 21, 2023

Canada matched Joe Biden subsidies to win Volkswagen battery plant, pledging up to $13 billion

Unprecedented contract provides annual production subsidies as well as a grant toward the factory’s capital cost Prime Minister Justin Trudeau’s government agreed to subsidies that may top $13 billion over a decade to land an electric-vehicle b...

Source: Financialpost April 21, 2023

How the CRA strike will affect your tax returns, refunds, benefits and more

Jamie Golombek: If you're getting a refund, CRA will pay you interest at a rate of 7%, compounded daily, from May 31 Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission fro...