Daily News

Market Call Source: BNN Bloomberg January 26, 2023

Jamie Murray's Top Picks: January 25, 2023

Jamie Murray, portfolio manager and head of research, Murray Wealth Group FOCUS: Global equities  MARKET OUTLOOK: The S&P 500 has bounced 15 per cent from its lows in October as inflation has rolled over and economies remain strong. Despite resound...

Company News Source: BNN Bloomberg January 26, 2023

Boeing disappoints with sixth loss in row as costs slow recovery

Boeing Co. reported a surprise loss to end 2022 — its sixth straight money-losing quarter — as higher costs slowed the planemaker’s recovery even though a late flurry of jet deliveries drove a surge in cash. Adjusted earnings were negative US$1.75 a share...

Company News Source: BNN Bloomberg January 26, 2023

Tesla seeks rapid output boost as profit beats estimates

Tesla Inc. reported better-than expected profits in the latest quarter, signaling strength as it faces growing questions about carbuyer demand for its all-electric vehicle lineup.   The Austin, Texas-based company reported adjusted earnings of US$1.19 a sh...

Source: Financialpost January 26, 2023

'Today's hike will be the last': Economists say Bank of Canada to put interest rates on pause

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC Here's what econo...

Source: Financialpost January 26, 2023

Chrystia Freeland finally offers plan to help Bank of Canada cover its losses

Legislative tweak will allow bank to get rid of its first red ink in history Finance Minister Chrystia Freeland will amend the Bank of Canada Act to give the central bank the ability to retain earnings, a legislative tweak that should allow gov...

Source: Financialpost January 26, 2023

Big banks raise prime rate after Bank of Canada interest rate increase

Hike prime rates by 25 basis points to 6.7% The Royal Bank of Canada, Toronto-Dominion Bank, the Bank of Montreal, the Canadian Imperial Bank of Commerce, Bank of Nova Scotia and the National Bank of Canada have hiked their prime rates by 25 ba...

Economy Source: Financialpost January 26, 2023

Chrystia Freeland faces big spending demands and darker economic outlook

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC Finance minister...

Source: BNN Bloomberg January 25, 2023

U.S. stock rally throttled as earnings season picks up

Wall Street saw some buyer fatigue after a solid equity rally, with investors scouring a batch of earnings for clues on the outlook for Corporate America amid mounting fears about a recession. The S&P 500 halted a two-day advance. Just before the start of...

Source: BNN Bloomberg January 25, 2023

Utilities stocks to watch: Hot Picks from Andrew Weisel

As the risk of a recession continues to grow, one investment professional said investors should be looking to the utilities sector amid possible volatility. Speaking with BNN Bloomberg's Amber Kanwar on Tuesday, Andrew Weisel, equity research director at S...

Market Call Source: BNN Bloomberg January 25, 2023

Brooke Thackray's Top Picks: January 24, 2023

Brooke Thackray, research analyst, Horizons ETF Management Canada FOCUS: Seasonal investing and technical analysis  MARKET OUTLOOK: The stock market is struggling to move higher as a result of major crosscurrents. The stock market continues to p...