Daily News

Company News Source: BNN Bloomberg April 19, 2023

Short-seller Spruce Point targets Canadian fintech Nuvei for second time

A prominent short-seller is taking aim at Canadian fintech company Nuvei Corp. for a second time. Spruce Point Capital Management said on Tuesday that it had a short position in Montreal-based Nuvei following the release of a report that raised concerns ab...

Market Call Source: BNN Bloomberg April 19, 2023

Christine Poole's Top Picks: April 18, 2023

Christine Poole, CEO and managing director, GlobeInvest Capital Management FOCUS: North American Large Cap stocks  MARKET OUTLOOK: Financial conditions have tightened considerably following the U.S. banking crisis in early March. The aftershocks ha...

Source: BNN Bloomberg April 19, 2023

U.S. stocks little changed amid bank earnings, Fedspeak

Stocks were little changed as traders weighed earnings from some of the largest American banks and comments from two Federal Reserve officials who favor continued rate hikes to fight inflation. The S&P 500 edged higher. The Cboe Volatility Index hit its lo...

Source: BNN Bloomberg April 19, 2023

G-7's nuclear fuel pact offers boost for Canadian uranium deals

A Group of Seven pact aimed at weakening Russia’s influence on the nuclear energy market will likely bolster Canada’s own industry, Natural Resources Minister Jonathan Wilkinson said. “For Canada, there is a real opportunity in terms of supply of uranium,”...

Source: Financialpost April 19, 2023

Canada’s inflation rate falls to lowest level since August 2021

Even grocery prices are rising at a slower pace OTTAWA — Canada’s annual inflation rate fell to 4.3 per cent in March as higher mortgage interest costs were offset by lower energy prices. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Su...

Source: Financialpost April 19, 2023

Galen Weston steps back from day-to-day operations of Loblaw as grocer hires new CEO

European retail exec Per Bank will join the company by early 2024; Weston will remain chairman Get the latest from Jake Edmiston straight to your inbox Sign Up Danish grocery veteran Per Bank will replace Galen Weston at the helm of L...

Source: Financialpost April 19, 2023

More US consumers are falling behind on payments

NEW YORK — Consumers are starting to fall behind on their credit card and loan payments as the economy softens, according to executives at the biggest U.S. banks, although they said delinquency levels were still modest. We apo...

Source: Financialpost April 19, 2023

Bank of Canada 'may need to hike again': What the economists are saying about the latest inflation data

Consumer price index data puts inflation on track to slow to 3% this year The latest consumer price index data puts inflation on track to slow to three per cent this year, at the top end of the Bank of Canada‘s target range, say economists....

Source: BNN Bloomberg April 18, 2023

U.S. stocks bounce back; bond yields climb on Fed Bets

Stocks saw small moves as the possibility of further Federal Reserve policy tightening lifted Treasury yields and investors stayed on the sidelines amid bank earnings. The S&P 500 erased losses in afternoon New York trading. The tech-heavy Nasdaq 100 under...

Source: BNN Bloomberg April 18, 2023

Financial stocks to buy outside the banking sector: portfolio manager

When hunting for investment opportunities, one portfolio manager likes to focus on the financial sector, as few companies often own a large amount of the market share, he said. Speaking with BNN Bloomberg's Amber Kanwar on Monday, Dan Rohinton, portfolio m...