Daily News

Source: BNN Bloomberg April 12, 2023

Hexo shares fall as Tilray looks to buy weed producer for cheap

U.S.-listed shares of Hexo Corporation tumbled as Tilray Brands plans to buy the fellow cannabis company in an all-share deal worth about US$56 million, with an offer price less than the stock’s market value prior to the announcement. Tilray’s implied purc...

Source: BNN Bloomberg April 12, 2023

Another earnings season is upon us. Here's what one expert is anticipating

As companies get set to release their latest results, one research director said revisions have been moving lower amid persisting uncertainty regarding macroeconomic conditions.  Sheraz Mian, the director of research at Zacks, said in an interview with BNN...

Source: BNN Bloomberg April 12, 2023

TSX recap: Index finishes 0.72% higher amid gains in energy stocks

Strength in energy and base metal stocks helped Canada's main stock index gain more than 100 points Tuesday, while U.S. stock markets were mixed. The S&P/TSX Composite Index was up 146.03 points, or 0.72 per cent, at 20,421.85. In New York, the Dow Jone...

Source: Bankofcanada April 12, 2023

Monetary Policy Report - April 2023

Inflation in Canada remains high but should come down quickly to around 3% in the middle of this year because of lower energy prices, improved supply ch...

Source: Bankofcanada April 12, 2023

Bank of Canada maintains policy rate, continues quantitative tightening

The Bank of Canada today held its target for the overnight rate at 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening. Inflat...

Source: Bankofcanada April 12, 2023

Monetary Policy Report Press Conference Opening Statement

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s policy announcement and the Bank of Canada’s Monetary Policy Report (MPR). Today, we ma...

Source: Financialpost April 12, 2023

Twitter becomes X Corp as Elon Musk advances 'everything app' hopes

It’s unclear what the change means for Twitter Twitter Inc. has ceased to be an independent company after merging with a newly formed shell firm called X Corp., driving speculation about what Elon Musk intends for the social media platform....

Source: Financialpost April 12, 2023

Posthaste: Why these economists think the Bank of Canada’s next move will be a cut

Most expect a hold tomorrow but what happens after that is up for debate Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page....

Source: Financialpost April 12, 2023

CRA workers move to strike for higher wages, but time for big raises may have already passed

Victoria Wells: Recent data suggests wage growth will slow going forward Canada Revenue Agency workers have voted to strike if they don’t win some steep wage increases from the federal government, but recent data suggests the time for big, infl...

Source: BNN Bloomberg April 11, 2023

U.S. stocks shake off fear of next rate hike; dollar up

U.S. stocks eked out a gain while the dollar climbed in holiday-thinned trading as investors contemplate one more Federal Reserve interest-rate hike following Friday’s U.S. jobs data. The S&P 500 benchmark rose 0.1 per cent after falling as much as 0.8 per...