Daily News

Source: Financialpost November 08, 2023

Canada's largest telecom BCE cuts spending after blow from regulator

Will chop capital spending by $1 billion after CRTC ordered major phone providers to open up broadband networks to smaller rivals at prescribed ratesBCE Inc., Canada’s largest telecommunications company, said it will chop capital spending by $1 billion after...

Source: Financialpost November 08, 2023

Top headlines: BCE to slash spending by $1 billion after CRTC ruling

The latest business news as it happensToday’s top 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: BCE to slash spending by $1 billion after CRTC ru...

Source: Financialpost November 08, 2023

Rogers launches mobile plans for low-income Canadians

One of several undertakings agreed to in connection to Shaw mergerRogers Communications Inc. in unveiling a new mobile plan for low-income Canadians that it says will make 5G wireless services more accessible for eligible customers, one of several undertakin...

Source: BNN Bloomberg November 07, 2023

BlackRock’s Boivin says high rates still a threat to stock rally

Any year-end rally in stocks could prove short-lived because equities don’t fully reflect the outlook for rates remaining higher for longer, according to Jean Boivin, who heads the research arm at BlackRock Inc. Treasury yields have climbed to multi-year h...

Source: BNN Bloomberg November 07, 2023

Markets today: Wall Street faces 'reality check' after big rally

Stocks struggled to gain much traction as bond yields rose, with traders betting the Federal Reserve will lean against the recent easing in financial conditions by saying it will keep its options open on policy. After notching its best week of 2023 amid do...

Source: BNN Bloomberg November 07, 2023

Private credit investors hit a roadblock with hot new asset class

Attempts by some of private credit’s biggest names to develop a hot new corner of the US$1.6 trillion market have hit a roadblock: their peers. Buyers including Apollo Global Management, Ares Management and Tikehau Capital have raised billions to spend on...

Commodities Source: BNN Bloomberg November 07, 2023

Oil price news: Oil edges up after Saudi Arabia, Russia reaffirm supply cuts

Oil edged up after Saudi Arabia and Russia reaffirmed they will stick with oil supply curbs of more than 1 million barrels a day through the end of the year. West Texas Intermediate swung in a nearly $2 range on Monday before settling up less than 1 per ce...

Market Call Source: BNN Bloomberg November 07, 2023

Teal Linde's Top Picks: November 6, 2023

Teal Linde, manager, Linde Equity Fund FOCUS: North American mid and large-cap stocks  MARKET OUTLOOK: People have lost a lot of money in their portfolios since September due to a widespread belief in the U.S. Federal Reserve’s Sept. 20 hawkish out...

Source: Financialpost November 07, 2023

Diane Francis: Russia is the true global menace

Israel-Gaza and Ukraine-Russia conflicts part of world war started by Vladimir Putin in 1999The Israel-Gaza and Ukraine-Russia conflicts are not standalone catastrophes. They are linked and part of a world war started by Vladimir Putin in 1999 to restore the...

Source: Financialpost November 07, 2023

'Canadians are coming back more and more to Tim Hortons': executives upbeat despite revenue miss

Coffee chain has seen significant traffic growth since pandemic, says parent RBIExecutives at Tim Hortons’ parent company Restaurant Brands International Inc. said investors should know it has upward growth momentum despite industry and macroeconomic volatil...