Daily News

Source: BNN Bloomberg August 31, 2023

RBC upgrades Heineken less than 12 hours after cutting to sell

An analyst at RBC Capital Markets took the unusual step of reversing a call on the shares of Heineken NV in a span of less than 12 hours on Wednesday, first downgrading the stock and then raising it back to the original level. Just before 1 a.m. New York t...

Source: BNN Bloomberg August 31, 2023

'As bad as I feared': Actor Ben McKenzie warns of crypto investments

Actor Ben McKenzie, best known for his roles in “The O.C.” and “Gotham,” is warning about the risks in crypto investments after spending two years investigating the industry.  McKenzie, who has a degree in economics and recently co-authored the book “Easy...

Source: BNN Bloomberg August 31, 2023

TSX recap: Index ticks higher on energy, tech and metals

Strength in energy, technology and battery metals stocks helped Canada's main stock index tick higher Wednesday, while U.S. stock markets also rose.  The S&P/TSX Composite Index closed up 39.91 points, or 0.20 per cent, at 20,330.32. In New York, the Do...

Source: Financialpost August 31, 2023

Joe Oliver: Shh! Was that the Liberal leadership race getting underway?

Anita Anand and Chrystia Freeland may have been launching their campaigns for their party's leadership Anita Anand and Chrystia Freeland recently drew public attention to their contrasting personas and political positioning. Anand, now Presiden...

Source: Financialpost August 31, 2023

When should I start CPP and what's the best way to draw down my retirement investments?

Couple already in retirement seeks advice on a new strategy Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. By Mary T...

Source: Financialpost August 31, 2023

Competition Bureau ordered to pay millions to Rogers, Shaw

Judge cites commissioner's 'unreasonable' conduct in attempt to block merger A court has ordered Canada’s competition commissioner to pay telcos Rogers Communications Inc. and Shaw Communications Inc. millions in costs following weeks-long cour...

Source: BNN Bloomberg August 30, 2023

Bank earnings: Money manager picks top bank for the quarter

With Canada’s big six banks in the midst of reporting their latest quarterly results, one money manager suggests the top bank has already reported. Scotiabank and the Bank of Montreal are set to report earnings for the third quarter on Tuesday. National Ba...

Source: BNN Bloomberg August 30, 2023

U.S. stocks up most since June as Fed bets sink yields

Stocks climbed the most since June, while bond yields retreated after economic reports bolstered speculation the Federal Reserve is getting closer to wrapping up its aggressive tightening campaign. Nearly 90 per cent of the S&P 500 companies rose as the ga...

Source: BNN Bloomberg August 30, 2023

TSX recap: Index climbs 1.32% on broad-based gains

Gains in energy, technology and base metals helped lead a broad-based rally on Canada's main stock index Tuesday, which rose 1.32 per cent, while U.S. markets also posted gains.  The S&P/TSX Composite Index closed up 265.27 points at 20,290.41. In New Y...

Source: BNN Bloomberg August 30, 2023

Software stocks to benefit from AI: Expert

Optimism around artificial intelligence has pushed stocks such as NVIDIA Corp. to record highs, and one investment professional says this is just the beginning of the AI boom. Stefan Slowinski, global head of software research at BNP Paribas Exane, said se...