Daily News

Source: Financialpost February 24, 2024

Posthaste: Bank of Canada a lot closer to inflation target — and rate cuts — than it thinks, strategist says

Clear path to 2% inflation seen in third quarter instead of next year We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Bank of Canada a lot closer to inflation tar...

Source: Financialpost February 24, 2024

Venezuela calls in oil debt it once traded away for literal beans

Impoverished and desperate for cash, Venezuela is trying to collect old debts from a program that sold oil to poor countriesAt the height of Venezuela’s oil go-go days, tankers fanned out across the Caribbean, handing out 200,000 barrels a day to a constella...

Source: BNN Bloomberg February 23, 2024

Quebec pension hit with real estate loss as 'hostile' market persists

Quebec’s public pension manager reported a 7.2 per cent return in 2023, as losses in real estate detracted from big gains in its credit and stock portfolios. Caisse de Depot et Placement du Quebec has restructured its real estate business, shifting capital...

Source: BNN Bloomberg February 23, 2024

Nvidia stock still 'way undervalued' amid record rise: portfolio manager

Nvidia is on track to break the record for a single-session jump in market value, but a portfolio manager says the chipmaker is still underpriced and recommends the stock as one of his top picks in the tech sector. Francisco Bido, senior portfolio manager...

Company News Source: BNN Bloomberg February 23, 2024

Reddit files publicly for IPO after two years on sidelines

The San Francisco-based social media company, more than two years after first filing confidentially with the U.S. Securities and Exchange Commission, submitted those plans publicly on Thursday. Reddit won’t disclose proposed terms for the IPO, including it...

Source: BNN Bloomberg February 23, 2024

TSX recap: Index up 0.69% on tech rally

Canada's main stock index gained almost 150 points Thursday, while its Wall St. counterparts soared, led by technology stocks after another blowout report from chipmaker Nvidia.  The S&P/TSX Composite Index closed up 145.68 points, or 0.69 per cent, at 21,...

Source: BNN Bloomberg February 23, 2024

Markets today: Stocks rally as AI craze sweeps across the world

  The stock rally powered ahead as Nvidia Corp.’s bullish outlook rekindled the artificial-intelligence mania and data showed the world’s largest economy is still going strong. From the U.S. to Europe and Japan, equities hit all-time highs, with the mos...

Source: BNN Bloomberg February 23, 2024

Nutrien expects to deliver higher sales, earnings in 2024 spurring market optimism

Nutrien Inc.’s latest earnings were met with market optimism based on forward-looking statements from the company, despite lower-than-expected fourth-quarter results, according to one analyst. Steve Hansen, a managing director and equity analyst at Raymond...

Company News Source: BNN Bloomberg February 23, 2024

Copper market facing supply constraints as Teck reports record production: analyst

Following record copper production from Teck Resources Ltd., one analyst said he sees upside opportunities for industry players with the overall market facing tight supply.  Dalton Baretto, a managing director of equity research at Canaccord Genuity, said...

Source: Financialpost February 23, 2024

Top headlines: Toyota recalls 28,000 cars over transmission flaw that raises risk of crash

The latest business news as it happensToday’s headlines We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Top headlines: Toyota recalls 28,000 cars over transmission flaw tha...