Daily News

Source: BNN Bloomberg May 28, 2024

'Canadians are not as passive as you think': CIBC portfolio strategist on passive, index investors

One CIBC portfolio strategist says a shrinking active investor base could be disincentivizing initial public offers (IPOs).  During an interview with BNN Bloomberg on Monday, Ian de Verteuil, head of portfolio strategy at CIBC Capital Markets, said that ap...

Source: BNN Bloomberg May 28, 2024

Crypto traders eye Ether record, rising volatility from U.S. ETF hype

Bets on more Ether gains are intensifying following a surprise U.S. regulatory pivot toward allowing exchange-traded funds for the digital asset, even as questions swirl about the strength of demand for the products. The shift by the U.S. Securities & Exch...

Source: BNN Bloomberg May 28, 2024

Bets on Canada rate cut hold out hope for underperforming banks

Investors up and down Toronto’s Bay Street are increasingly betting on a June rate cut in Canada, potentially giving a boost to Canada’s long-suffering bank stocks. The S&P/TSX Banks index has gone up just 1.2 per cent this year, compared with a 6.8 per ce...

Company News Source: BNN Bloomberg May 28, 2024

CAE Inc. posts $484.3 million loss, says risk profile more balanced after changes

CAE Inc. says it lost $484.3 million in its fourth quarter, compared with profits of $101.9 million a year earlier. The Montreal-based flight simulator maker says revenues for the quarter ended March 31 were $1.1 billion, down from $1.2 billion during the...

Source: Financialpost May 28, 2024

Diane Francis: Russia's dangerous potential to unleash ecocide across Europe

Hostile occupation of nuclear sites could end in disasterRussia has devastated vast portions of Ukraine and killed or kidnapped thousands of civilians, but Russian “ecocide is now a tool of war,” said researcher Dr. Sasha Dovzhyk at a recent conference I att...

Source: Financialpost May 28, 2024

Lagging Canadian banks hold out hope for rate cuts

Analysts have bumped up chances of a June rate cut to 65%Investors up and down Toronto’s Bay Street are increasingly betting on a June rate cut in Canada, potentially giving a boost to Canada’s long-suffering bank stocks. We apologize, but this video...

Source: Financialpost May 27, 2024

Bank of Canada will cut rates before U.S. Federal Reserve: Ed Devlin

Watch Ed Devlin of Devlin Capital on stocks, bonds and what the Bank of Canada and the Federal Reserve might do nextEd Devlin, founder of Devlin Capital, talks with Financial Post’s Larysa Harapyn about stocks, bonds and what the Bank of Canada and the Unite...

Source: Financialpost May 27, 2024

Another hold on interest rates risks further damage to the economy

David Rosenberg expects a rate cut at the central bank’s next announcement in JuneWith Canada’s latest inflation figures paving the way for a policy rate cut, some economists worry another hold by the Bank of Canada could further damage the economy. W...

Source: Financialpost May 26, 2024

How much the Bank of Canada will cut interest rates in 2024

Watch Dawn Desjardins of Deloitte Canada on what the latest inflation data means to the Bank of Canada and interest ratesDawn Desjardins, senior economist at Deloitte Canada, talks with Financial Post’s Larysa Harapyn about what the latest inflation data mea...

Source: BNN Bloomberg May 25, 2024

Gildan's board resigns en masse, handing victory to activist Browning West

Gildan Activewear Inc.’s entire board of directors and Chief Executive Officer Vince Tyra quit on Thursday, conceding defeat after a bruising five-month battle with an activist shareholder over the future of the Canadian clothing maker. The mass resignatio...