Daily News

Source: BNN Bloomberg August 10, 2023

U.S. stock traders shun risk in run-up to key CPI test

A slide in big tech and higher energy prices weighed on Wall Street sentiment ahead of inflation data that will help shape the outlook for the Federal Reserve’s next steps. After briefly wiping out its losses, the S&P 500 finished near session lows. The Na...

Source: BNN Bloomberg August 10, 2023

Canada bank earnings to take hit from capital markets, M&A slump, RBC says

Slumping capital markets and M&A revenues are set to hit earnings at Canada’s biggest banks when they report this month, according to Royal Bank of Canada.   RBC analyst Darko Mihelic chopped his profit forecast on five major Canadian lenders, citing a dea...

Market Call Source: BNN Bloomberg August 10, 2023

Zach Curry's Top Picks: August 9, 2023

Zach Curry, director and portfolio manager, Greenrock Capital Partners FOCUS: North American large caps  MARKET OUTLOOK: While it appears to have been a very strong start for broader markets thus far in 2023, looks can be deceiving, as a good porti...

Source: Financialpost August 10, 2023

Canadian big bank earnings to take hit from capital markets slump: RBC

Overall earnings may slip 6% in the quarter Slumping capital markets and M&A revenues are set to hit earnings at Canada’s biggest banks when they report this month, according to Royal Bank of Canada. We apologize, but this...

Source: Financialpost August 10, 2023

Canada to sell Trans Mountain pipeline stake to Indigenous groups through special-purpose vehicle

Government will provide groups with access to capital so they don’t have to risk any of their own money Canada plans to sell a stake in the Trans Mountain oil pipeline to Indigenous groups through a special-purpose vehicle that will allow indiv...

Source: Financialpost August 10, 2023

Posthaste: Housing market faces 'bumpy' road amid high interest rates, RBC says

Bank of Canada hikes put brakes on housing rebound, except for in the Prairies We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Hou...

Source: Financialpost August 10, 2023

Matthew Lau: The NDP wants lower grocery prices but higher wages for grocery workers. How does that work?

NDP cares nothing about actual food affordability: they just hate businesses earning profits The largest strike in the history of Canada’s largest private-sector union, Unifor, is currently underway, with 3,700 workers shutting down 27 Metro gr...

Source: BNN Bloomberg August 09, 2023

TSX recap: Index dips 0.15% on metals and banking stocks

Canada's main stock market nudged southward in trading on Tuesday, in line with a bigger dip in U.S. markets. The S&P/TSX Composite Index dipped 30.06 points, or 0.15 per cent, to 20,205.98, dragged down by metals and financials stocks. In New York, the...

Market Call Source: BNN Bloomberg August 09, 2023

Hap Sneddon's Top Picks: August 8, 2023

Hap Sneddon, chief portfolio manager and founder, CastleMoore Inc. FOCUS: Technical analysis  MARKET OUTLOOK: Inflation in Canada has slowed recently to 2.8 per cent, and in the U.S., to three per cent.  The highs in inflation crested in the spring...

Source: Financialpost August 09, 2023

Cannabis company Tilray dives further into beer buying eight brands from Anheuser-Busch

Would make Tilray the fifth-largest craft beer operator in U.S. Tilray Brands Inc. is expanding its case of craft brews, announcing a deal to buy eight beer and beverage brands from Anheuser-Busch Companies LLC. We apologiz...