Daily News

Source: BNN Bloomberg April 26, 2023

First Quantum Minerals sees earnings drop in Q1 amid production disruptions

First Quantum Minerals Ltd. says it earned US$75 million in the first quarter of 2023, down more than 80 per cent from $385 million for the same quarter a year earlier. The Toronto-based company said it saw a difficult first quarter, with production at its...

Source: Bankofcanada April 26, 2023

Summary of Governing Council deliberations: Fixed announcement date of April 12, 2023

This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on April 12, 2023. This summary reflects d...

Source: Financialpost April 26, 2023

Tucker Carlson learns that no star is bigger than Fox News

A career on a smaller, rival network or a run for office may await former Fox star Ever since the voting machines maker Dominion Voting Systems Corp. secured a blockbuster settlement last week in its libel suit against Fox News, it felt inevita...

Source: Financialpost April 26, 2023

Real estate woes weigh on Brookfield after December spinoff

Brookfield shares have dropped 7% since its restructuring as the market penalizes company for office assets Brookfield Corp. undertook a major restructuring last year to try to get a better valuation. Concerns about office real estate are getti...

Source: Financialpost April 26, 2023

CN says rail traffic shows recession has already started

Volumes down 6% so far this month, 'reflecting weakness in the economy' Get the latest from Jake Edmiston straight to your inbox Sign Up The country’s biggest railroad thinks the landing from surging inflation and higher interest rate...

Source: Financialpost April 26, 2023

William Watson: If federal workers were really hard done by, they’d quit more often

Federal workers don’t seem to understand that they have it pretty good already “People hate us,” one unusually perceptive federal civil servant told the Ottawa Citizen’s Bruce Deachman from the picket line last week. Any chance of winning the h...

Source: BNN Bloomberg April 25, 2023

Stocks positioned to benefit from deal activity: Hot picks

Increased merger and acquisition (M&A) activity in the resources, sporting and biotech sectors has one investment professional calling for stocks that could benefit from the deal flow. In an interview with BNN Bloomberg’s Andrew Bell, Julian Klymochko, chi...

Source: BNN Bloomberg April 25, 2023

TSX recap: Index finishes slightly lower amid losses in financial stocks

Canada's main stock index edged downward to start the week as strong energy stocks helped balance out softness in financials, tech and battery metals, while U.S. markets were mixed. The S&P/TSX Composite Index was down 16.41 points, or 0.08 per cent, at 20...

Source: BNN Bloomberg April 25, 2023

U.S. stocks drift with focus on earnings; bonds rally

U.S. equities drifted at the start of a week packed with corporate earnings and economic data that may help illuminate the Federal Reserve’s path for interest rates. The S&P 500 was little changed and the Nasdaq 100 shed 0.2 per cent as manufacturing data...

Company News Source: BNN Bloomberg April 25, 2023

CN Rail rides higher grain volumes, oil prices to record first-quarter revenue

Canadian National Railway Co. says it reaped record first-quarter revenues due to a bumper grain crop and higher oil prices. CN is reporting revenues of $4.31 billion for the quarter ended March 31, a 16 per cent boost from $3.71 billion a year earlier....