Daily News

Company News Source: BNN Bloomberg November 11, 2023

Aurora Cannabis revenues rise in Q2, led by strength in medical cannabis sales

Aurora Cannabis Inc. says it earned $256,000 in the second quarter, up from a loss a year earlier of $45.5 million.  The Edmonton-based cannabis company says net revenue for the quarter was $63.4 million, up from $48.6 million during the same quarter a yea...

Source: BNN Bloomberg November 11, 2023

Markets today: S&P 500 rally powers ahead to embolden bulls

Stocks extended their November rally amid a surge in tech giants, a relatively calm session for bonds and no major surprises from U.S. Federal Reserve speakers. A rebound in the S&P 500’s most-influential group sent the gauge to a seven-week high. The U.S....

Market Call Source: BNN Bloomberg November 11, 2023

Keith Richards' Top Picks: November 10, 2023

Keith Richards, president and chief portfolio manager, ValueTrend Wealth Management FOCUS: Technical analysis MARKET OUTLOOK: Look at the S&P 500, and you’ll note that it’s stalling around the last peak in the downtrend that began in July. In order...

Company News Source: BNN Bloomberg November 11, 2023

Canopy Growth CEO says company primed for profitability despite losses

Canopy Growth Corp.’s CEO urged investors to stay on board Friday after the cannabis company reported a $324.8 million net loss in its second quarter on Thursday. The loss is compared with a $305.8 million net loss in the same quarter last year, and includ...

Source: BNN Bloomberg November 11, 2023

Expert recommends her top insurance stocks

The insurance industry still has pricing power over consumers and an expert says investors could stand to benefit from this. Cathy Seifert, vice president of research at CFRA, told BNN Bloomberg that she is bullish on property casualty insurance, reinsuran...

Source: BNN Bloomberg November 11, 2023

TSX recap: Index ticks up on strength in energy

Canada's main stock index rose to make a small gain Friday, buoyed by strength in energy stocks, while U.S. markets rallied to end the week, led by a two-per-cent gain on the Nasdaq.  The S&P/TSX Composite Index closed up 67.06 points, or 0.34 per cent, at...

Source: Financialpost November 11, 2023

The rush into short-term mortgages is reversing as higher-rate reality sets in, says CMHC

Optimism wanes that interest rates will fall quicklyCanadian consumers are increasingly forgoing mortgages with terms of less than three years, a shift the Canada Mortgage and Housing Corp. (CMHC) sees as a sign of waning optimism that interest rates will de...

Source: Financialpost November 11, 2023

Howard Levitt: My 'never-hire' list is growing as new petition also glosses over Hamas' atrocities

Petitioners so focused on demonizing Israel they ignore the blatant human rights violations by HamasI have just added 700 names to our law firm’s never-hire list. We apologize, but this video has failed to load. Try refreshing your browser, ortap here...

Source: Financialpost November 11, 2023

David Rosenberg: Canada can't count to a million — and it's skewing the data policymakers need

Underestimating population growth erodes reliability of readings on jobs, housing and productivityBy Dylan Smith and Atakan Bakiskan A thoughtful approach to immigration has been a historical strength of Canadian economic policy. The recent post-COVID-19 im...

Source: Financialpost November 11, 2023

Higher for longer — and maybe forever: Bank of Canada deputy says ultra-low rates may not return

Carolyn Rogers warns interest rates aren't likely to return to pre-pandemic levels any time soonBank of Canada senior deputy governor Carolyn Rogers laid out the central bank’s view of the interest rate path going forward at an event in Vancouver Nov. 9 and...