Daily News

Source: Financialpost May 08, 2024

Bad government policy on capital gains leads to more distrust, more departures

Kim Moody: Ottawa needs to drop its poorly thought-out capital gains inclusion rate increase or entrepreneurs and investors will take their money elsewhereReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an...

Source: Financialpost May 08, 2024

Posthaste: Canadian dollar 'caught in the crosshairs' could slip below 70 cents

Loonie under pressure as U.S. dollar soars and Bank of Canada looks set to cut rates, says TD We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canadian dollar 'cau...

Source: Financialpost May 08, 2024

David Rosenberg: Tanking economy, productivity mean Bank of Canada should cut rates with or without the Fed

Canada can cope with a weaker dollar; in fact the country needs itWe find it rather incredible that the Bank of Canada is so nonchalant when it comes to the state of the Canadian economy. The degree of excess capacity is expanding by the month, inflation has...

Source: BNN Bloomberg May 07, 2024

Markets today: S&P 500 extends gains in final minutes of trading

Stocks saw their best three-day rally since November, fueled by speculation the Federal Reserve will be able to cut interest rates this year. The S&P 500 rose 1 per cent after topping its average price of the past 50 days — a level seen by many chartists a...

Source: BNN Bloomberg May 07, 2024

Nvidia is missing link in a strong season of AI earnings reports

Results from the world’s biggest technology companies have brought mostly good news. There’s just one missing piece: Nvidia Corp. The company, whose dominance in chips that do the heavy lifting for AI computing have made it the focal point in a market capt...

Market Call Source: BNN Bloomberg May 07, 2024

Brendan Caldwell's Top Picks: May 6, 2024

Brendan Caldwell, president and CEO at Caldwell Investment Management FOCUS: North American large-cap stocks MARKET OUTLOOK: The market has done quite well so far this year, maintaining its strong momentum from last year despite the elevated economic...

Source: BNN Bloomberg May 07, 2024

Michael Lee-Chin on investing in Canada’s nuclear industry

One prominent Canadian businessman says he is bullish on Canada’s nuclear energy industry and has invested in the sector.  Michael Lee-Chin, the chairman of Portland Holdings, said in an interview with BNN Bloomberg on Monday that whenever there is a shift...

Market Call Source: BNN Bloomberg May 07, 2024

Brendan Caldwell's Top Picks: May 6, 2024

Brendan Caldwell, president and CEO at Caldwell Investment Management FOCUS: North American large-cap stocks MARKET OUTLOOK: The market has done quite well so far this year, maintaining its strong momentum from last year despite the elevated economic...

Source: BNN Bloomberg May 07, 2024

Palantir beats sales estimates, raises outlook on AI enthusiasm

Palantir Technologies Inc. shares slid in extended trading on Monday as the market was unimpressed by the company’s outlook for annual sales after the stock has already tripled in the past year. The company nudged its annual revenue forecast slightly highe...

Source: Financialpost May 07, 2024

EV makers shift gears to lower prices, hybrids as consumer appetite slackens

Multibillion-dollar investments show automakers see EVs as industry's future, but getting there is tough Get the latest from Gabriel Friedman straight to your inbox Sign Up The volatility of the electric-vehicle transition has been on full display rec...