Daily News

Source: Financialpost May 04, 2023

Entrepreneur launches new home retailer in former Bed Bath & Beyond stores

Doug Putman is taking over a third of the defunct retailer's locations in Canada for his own brand — rooms + spaces Serial entrepreneur Doug Putman, the man who revived dying brands like Toys “R” Us Canada Ltd., is launching a “better” version...

Source: Financialpost May 04, 2023

Posthaste: Homeowners buckling under high interest rates as mortgage rates balloon

Many anxious higher rates will lead to bigger payments come renewal time We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Homeowner...

Economy Source: Financialpost May 04, 2023

Trudeau's immigration policy worsening housing affordability crisis: Rosenberg

For housing market to normalize, home prices would need to correct by nearly 30%, David Rosenberg says Ottawa’s lofty immigration targets are exacerbating Canada’s housing affordability crisis that could create an “unstable situation” while pos...

Source: BNN Bloomberg May 03, 2023

Wall Street rattled by 15% tumble in pair of banks

Just a day after Wall Street breathed a sigh of relief with the rescue of First Republic Bank, a selloff in U.S. regional lenders fueled renewed anxiety over financial stability, sinking stocks across the board and spurring a flight to the safest corners of t...

Source: BNN Bloomberg May 03, 2023

Bank stocks will do well coming out of a recession: Gordon Reid

The recent panic within the U.S. financial sector amid an uncertain global economic outlook has brought the price of bank stocks to attractive levels, one investment expert says. In this uncertain environment, both U.S. and Canadian bank stocks are being u...

Source: BNN Bloomberg May 03, 2023

Here are three undervalued Canadian stocks according to David Sekera

Some Canadian equities are being undervalued by investors, and one investment professional has zeroed in on which stocks might have the most upside potential. Speaking with BNN Bloomberg’s Amber Kanwar on Tuesday, David Sekera, chief U.S. market strategist...

Source: BNN Bloomberg May 03, 2023

TSX recap: Index finishes 1.01% lower amid losses in energy stocks

Canada's main stock index lost more than 200 points in a broad-based decline led by energy, while U.S. stock markets also fell. The S&P/TSX Composite Index closed down 207.54 points, or 1.01 per cent, at 20,407.56. In New York, the Dow Jones Industrial...

Source: BNN Bloomberg May 03, 2023

Starbucks sales top estimates, buoyed by strength in U.S. and China

Starbucks Corp. posted sales that beat estimates as U.S. and China transactions increased. But that wasn’t enough to satisfy investors following a 15 per cent run-up in the stock price this year. Shares further slid after Chief Executive Officer Laxman Nar...

Source: BNN Bloomberg May 03, 2023

Ford beats on first-quarter profit, maintains 2023 outlook

Ford Motor Co., beat first-quarter profit estimates, posting a surprisingly strong gain on higher vehicle pricing and increased sales volumes. It left its full-year outlook unchanged. The automaker Tuesday posted adjusted earnings per share of 63 cents, fa...

Source: BNN Bloomberg May 03, 2023

Apax weighs buyout of US$2B IT firm Thoughtworks

A consortium backed by buyout firm Apax Partners is considering a potential bid to take U.S.-listed technology consultancy Thoughtworks Holding Inc. private, people familiar with the matter said. Apax has teamed up with Canada Pension Plan Investment Board...