Daily News

Source: BNN Bloomberg April 26, 2024

Alphabet beats revenue estimates as AI fuels cloud growth

Alphabet Inc. reported first-quarter revenue that exceeded analysts’ expectations, buoyed by growth in its cloud computing unit.  The Google parent generated sales, excluding partner payouts, of US$67.6 billion for the three months that ended on March 31,...

Source: BNN Bloomberg April 26, 2024

Snap surges after sales projection tops estimates on ad strength

Snap Inc. gained in extended trading after projecting that revenue in the current quarter will jump as much as 18 per cent, beating analysts’ estimates and offering a sign that the overhaul to its advertising business has taken hold with marketers. Sales w...

Source: BNN Bloomberg April 26, 2024

TFI International reports lower earnings for first quarter, revenue rises

TFI International Inc. says its net income for the first quarter was US$92.8 million, down from US$111.9 million a year earlier. The Montreal-based transportation and logistics company says revenue totalled US$1.87 billion, up from US$1.85 billion during t...

Source: Financialpost April 26, 2024

Opinion: Want a truly fairer income tax system? Tax families

One-earner families pay thousands more dollars in income tax than two-earner families with the same income. How is that possibly fair?By Peter Shawn Taylor We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see...

Source: Financialpost April 26, 2024

Why Canadian mortgage rates may be stealthily heading higher

Robert McLister: Rising yields on the government of Canada five-year bond signal rates could be entering a new cycle of highsAs I jot this note, Canada’s five-year government bond yield is hitting its peak for the year. There’s a growing risk we may even mak...

Source: Financialpost April 26, 2024

Posthaste: Canadian dollar could throw wrench into Bank of Canada rate cuts

Steep drop in currency could hike inflation by 1%, says BofA 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 could throw wrench into Bank of Canad...

Source: BNN Bloomberg April 25, 2024

The Daily Chase: Tesla shares jump, retail sales shrink

Here are five things you need to know this morning. Tesla misses but stock jumps: Earnings from electric car maker Tesla came out after the bell yesterday, and while the company failed to meet expectations on just about every financial metric, the stock ju...

Technology Source: BNN Bloomberg April 25, 2024

Half of financial service organizations offering crypto assets: survey

A new survey found that more financial service organizations are offering crypto assets in Canada amid growing crypto exposure among institutional investors.  KPMG in Canada and the Canadian Association of Alternative Assets and Strategies (CAASA) released...

Source: BNN Bloomberg April 25, 2024

Stock market news: tech giants hit in late hours after Meta's outlook

Big tech sold off in late hours after Meta Platforms Inc.’s disappointing outlook raised concern on whether the artificial-intelligence euphoria that has powered the bull market has run too far. A US$250 billion exchange-traded fund tracking the Nasdaq 100...

Source: BNN Bloomberg April 25, 2024

Meta projects higher spending, weaker revenue amid AI push

A disappointing earnings report from Meta Platforms Inc. has technology investors on edge with results from some of the stock market’s biggest and most important companies due in the coming days. Shares of Facebook’s parent were down as much as 19 per cent...