Daily News

Company News Source: BNN Bloomberg May 02, 2024

Gildan Q1 earnings down almost 20% as feud over who should lead the company continues

Gildan Activewear Inc. says it earned US$78.7 million in its first quarter, down almost 20 per cent from US$97.6 million a year earlier. The Montreal-based clothing manufacturer, which reports its financial information in U.S. dollars, says diluted earning...

Source: BNN Bloomberg May 02, 2024

Parkland Corp. posts first-quarter loss due to Burnaby refinery outage

Fuel retailer Parkland Corp. says it posted a net loss of $5 million in its first quarter as its financial results took a hit due to an unplanned shutdown at its Burnaby refinery. The Calgary-headquartered company says that compares to earnings of $77 mill...

Market Call Source: BNN Bloomberg May 02, 2024

Cole Kachur's Top Picks: May 1, 2024

Cole Kachur, portfolio manager and senior investment advisor, Wellington-Altus Private Wealth FOCUS: North American stocks, ETFs  MARKET OUTLOOK: Markets continue to be range-bound, coming down slightly from their most recent highs but also staying...

Source: BNN Bloomberg May 02, 2024

Great-West Lifeco reports $960 million net earnings in first quarter of 2024

Great-West Lifeco Inc. says it earned $960 million in the first quarter, up from $595 million a year earlier. The Winnipeg-based company says it exceeded $1 billion in quarterly base earnings for the first time, building on strong momentum from 2023. Ne...

Source: Bankofcanada May 02, 2024

Opening Statement before the House of Commons Standing Committee on Finance

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our recent policy announcement and the Bank of Canada’s Monet...

Source: Financialpost May 02, 2024

Taxing the rich is not a magic trick that will help younger Canadians

Kim Moody: Intergenerational fairness and asking the so-called rich to pay more tax via an increased capital gains inclusion rate is quite a leap of logicReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an...

Source: Financialpost May 02, 2024

Trans Mountain opens 'pretty vast market,' says Cenovus — but it's likely Canada's last pipeline

'It is increasingly difficult to build pipelines in this country,' says CEO Get the latest from Naimul Karim straight to your inbox Sign Up Cenovus Energy Inc. has its eyes set on a “pretty vast market” as it gets set to make the most of the Trans Mou...

Source: Financialpost May 02, 2024

Toronto area condo market rents drop the most in 15 years 

Decrease over six-month period biggest outside pandemic periodThe Greater Toronto and Hamilton Area (GTHA) condo rental market has experienced a significant downturn, marked by the largest six-month decrease in rent prices in the past 15 years.  We ap...

Economy Source: Financialpost May 02, 2024

Posthaste: This cratering GDP number has only ever been seen during a recession

Falling GDP-per-capita has economists calling for Bank of Canada to start cutting rates We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: This cratering GDP number...

Source: BNN Bloomberg May 01, 2024

Hong Kong vies with U.S. in Bitcoin ETF market after crypto's revival

A batch of exchange-traded funds investing directly in crypto debuted in Hong Kong on Tuesday, heralding potential competition for U.S. Bitcoin products whose popularity stoked a record rally in the digital asset. Harvest Global Investments Ltd., the local...