Daily News

Commodities Source: BNN Bloomberg April 03, 2024

Enbridge kicks off bond sale after ratings cut by Moody’s

Enbridge Inc. sold US$3.5 billion of debt on Tuesday following a downgrade last week by Moody’s Ratings. The longest portion of the four-part bond offering, a 30-year security, will yield 145 basis points over Treasuries, according to a person with knowled...

Market Call Source: BNN Bloomberg April 03, 2024

Eric Nuttall's Top Picks: April 2, 2024

Eric Nuttall, partner and senior portfolio manager, Ninepoint Partners FOCUS: Energy stocks  MARKET OUTLOOK: We remain bullish on the outlook for Canadian energy stocks as we expect oil to trade in a roughly US$70-$80 West Texas Intermediate (WTI)...

Company News Source: BNN Bloomberg April 03, 2024

Disney investors look beyond board battle as ‘cheap’ stock soars

As Walt Disney Co. looks set to conclude a showdown over the composition of its board, bulls have sent the stock soaring.   The shares have rallied nearly 35 per cent this year, more than triple the gain of the S&P 500 Index. Buoyed by better-than-expected...

Source: BNN Bloomberg April 03, 2024

‘You have to think about yields’: BMO Global Asset expert on Telco underperformance

As investors grow cautious towards the Telecom sector due to underperformance amid high competition within the TSX, one global asset expert is focusing on TSX financials, which have high yields and diversified business that extend beyond Canadian soil. “Yo...

Source: Financialpost April 03, 2024

Ross McKitrick: Economists’ letter misses the point about the carbon tax revolt

Yes, the carbon tax works great in a 'first-best' world where it's the only carbon policy. In the real world, carbon policies are piled highAn open letter is circulating online among my economist colleagues aiming to promote sound thinking on carbon taxes. I...

Source: Financialpost April 03, 2024

Tesla sales fall short by biggest miss ever in brutal blow for EVs

Shares plunge, extending biggest rout in the S&P 500Tesla Inc. had Wall Street analysts second-guessing their models as the first quarter came to a close. One after another reduced their estimate for vehicle deliveries. We apologize, but this video ha...

Source: Financialpost April 03, 2024

BCE hits 10-year low, Rogers dips after BMO sours on telecom outlook

Growing competition expected to pressure marginsShares of BCE Inc. tumbled to the lowest in more than a decade and Rogers Communications Inc. suffered its biggest drop of 2024 after BMO Capital Markets published a darker outlook on Canada’s telecom sector....

Source: Financialpost April 03, 2024

Posthaste: Risks the Bank of Canada will hold off until July to cut interest rates just got higher

Central bank's own surveys suggest policymakers may want more time, says economist We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Risks the Bank of Canada will h...

Technology Source: BNN Bloomberg April 02, 2024

Markets today: U.S. stocks join losses in bonds as Fed-cut wagers fade

Wall Street traders sent both stocks and bonds lower after solid US factory data reinforced speculation that the Federal Reserve will be in no rush to cut interest rates. Treasuries fell across the curve — with 10-year yields climbing over 10 basis points...

Source: BNN Bloomberg April 02, 2024

Trump's net worth drops US$1 billion as social media firm sinks

Donald Trump’s net worth tumbled by US$1 billion along with the shares of his social media business after it disclosed a more than $58 million loss in 2023, as revenue for the former president’s Truth Social platform trickled in.  Trump Media & Technology...