Daily News

Source: Financialpost November 29, 2022

Royal Bank of Canada to buy HSBC Bank Canada for $13.5 billion

Deal is expected to close by late 2023 Royal Bank of Canada has entered an agreement to buy HSBC Holdings PLC’s Canadian business in a $13.5-billion cash deal that will pad RBC’s lead as Canada’s largest bank, assuming regulators give the trans...

Economy Source: Financialpost November 29, 2022

GDP beat masks weakness underneath: What economists are saying about the numbers

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC Most see the Bank...

Source: Financialpost November 29, 2022

Suncor opts to keep its Petro-Canada gas stations in rebuff to activist investor

But it says it will 'improve and optimize' Petro-Canada Suncor Energy Inc. has announced it won’t sell off its Petro-Canada gas stations following a strategic review of its downstream retail business, ending months of speculation prompted by pu...

Source: Financialpost November 28, 2022

Alberta's E3 Lithium says investment from Ottawa sets it up to lead mining boom on Prairies

Funding of E3 Lithium is part of a series of steps taken by Canada to ensure EV production occurs close to home Calgary-based E3 Lithium Ltd. received $27 million from the federal government to boost its operations, an award the company’s CEO s...

Source: Financialpost November 28, 2022

The week that could unravel the global oil market

Coming days mark a moment of deep peril for the oil market and a global economy that still depends heavily on the commodity As an epic oil crash threatened more havoc on a pandemic-stricken global economy in April 2020, the United States, Saudi...

Source: Financialpost November 28, 2022

Housing market shows signs of life, but it's too soon to celebrate a recovery

Rise in mortgage rates poses unexpected new risks for many borrowers The month-over-month decline in housing sales finally reversed in October when sales were 1.8 per cent higher than the previous month, according to data released by the Canadi...

Source: BNN Bloomberg November 26, 2022

TSX recap: Index finishes 0.2% higher

Canada's main stock index was up at the close Friday with mixed results across sectors, while U.S. markets were also mixed with an early close.  Sign up to get breaking news email alerts sent directly to your inbox The S&P/TSX Composite Index was u...

Market Call Source: BNN Bloomberg November 26, 2022

Eric Nuttall's Top Picks: November 25, 2022

Eric Nuttall, partner and senior portfolio manager, Ninepoint Partners FOCUS: Energy stocks  MARKET OUTLOOK: Christmas has come early for energy investors with a Chinese COVID-zero policy-induced sell-off combined with lingering fears of an impendi...

Source: BNN Bloomberg November 26, 2022

U.S. stocks end winning week with rate outlook in focus

U.S. stocks ended Friday little changed as investors assessed prospects for less-aggressive central bank tightening and weighed China’s latest move to stimulate its economy.  The S&P 500 wavered for most of Friday’s shortened trading session. But its weekl...

Source: BNN Bloomberg November 26, 2022

The Week Ahead: Big six bank earnings; GDP data due

Monday, November 28 Notable data: Current Account Balance (Q3) Notable earnings: Organigram Holdings Tuesday, November 29 Notable data: Real GDP (Q3) and Monthly Real GDP (Sept), S&P CoreLogic Case-Shiller Home Price Index, US Conference Bo...