Daily News

Source: BNN Bloomberg August 26, 2023

RBC downgraded amid higher expenses, 'unfavourable' deposit trends

The Royal Bank of Canada beat analyst expectations for its third quarter, but a string of challenges ahead has led one analyst to downgrade his rating on the stock.   Veritas Analyst Nigel D’Souza downgraded RBC to a reduce rating and lowered his valuation...

Source: BNN Bloomberg August 26, 2023

Invesco launches three ETFs in Canada

An executive with Invesco Canada says Canadian-listed exchange-traded funds (ETFs) provide benefits that outweigh potentially higher costs.  The investment firm has launched some of its U.S.-listed ETFs in Canada, which became available this summer.  Pa...

Market Call Source: BNN Bloomberg August 26, 2023

Christine Poole's Top Picks: August 25, 2023

Christine Poole, CEO and managing director, GlobeInvest Capital Management FOCUS: North American large-cap stocks  MARKET OUTLOOK: Notwithstanding 525 basis points of U.S. Federal Reserve rate hikes since March 2022, the U.S. economy remains resilien...

Source: BNN Bloomberg August 26, 2023

Tech to drive growth in transportation, industrial sector: Analyst

The use of technology within the transportation and industrial sector is driving productivity and growth potential, according to one analyst.    Allison Poliniak-Cusic, senior analyst at Wells Fargo Securities, said investment and the use of new technology a...

Source: BNN Bloomberg August 26, 2023

The Week Ahead: GDP data due; Earnings from CIBC

Monday, August 28 Notable data: Bloomberg Nanos Confidence Index Tuesday, August 29 Notable earnings: Bank of Montreal, Bank of Nova Scotia, Best Buy, HP Inc. Wednesday, August 30 Economic data: U.S.: Real GDP (Q2) Notable earnin...

Source: Financialpost August 26, 2023

Jordan Peterson ruling empowers woke bodies everywhere to discipline members who express unpopular opinions

Howard Levitt: The question that should have been put to the court was whether the college's code of ethics overreached I can predict one thing with certainty about anyone who reads this week’s Ontario Court decision about Jordan Peterson and t...

Source: Financialpost August 26, 2023

Veritas is considering takeover offer for BlackBerry, sources say

Canadian technology company has been reviewing its options Private-equity firm Veritas Capital Fund Management LLC is considering a potential offer for BlackBerry Ltd., the once iconic Canadian technology company that has been reviewing its opt...

Source: Financialpost August 26, 2023

Bank of Canada seen staying on the sidelines in September

Karl Schamotta, chief market strategist at Corpay, talks about recent Canadian economic data and what the numbers mean for the Bank of Canada, the path for major world economies and what to expect from the Canadian dollar. We...

Source: BNN Bloomberg August 25, 2023

Analyst picks health stocks poised to benefit from new technology

Investors are overlooking small health-care stocks on the TSX, according to one analyst.    Justin Keywood, health-care and special situations analyst at Stifel GMP, said the health-care sector is undergoing rapid change as new technology is ushered in — mak...

Market Call Source: BNN Bloomberg August 25, 2023

Jeff Parent's Top Picks: August 24, 2023

Jeff Parent, chief investment officer, CastleMoore Inc. FOCUS: Technical analysis  MARKET OUTLOOK: The pandemic turmoil is subsiding. Many commodity prices, inflation and economic indicators are heading back to normal levels. Tightening policies ar...