Daily News

Source: BNN Bloomberg December 09, 2023

TSX recap: Index up slightly on strength in energy, base metals

Strength in base metal and energy stocks helped Canada's main stock index post modest gains Friday, while U.S. markets also rose.  The first trading week of December ended on a somewhat positive note as investors are uncertain about whether they should exp...

Source: Financialpost December 09, 2023

Canada to limit foreign-student visas if provinces don't curb diploma 'mills'

Hit important source of revenue for colleges and universitiesCanada is threatening to cap the number of foreign student visas if the quality of education and housing doesn’t improve for the newcomers, a move that would limit an important source of revenue fo...

Source: Financialpost December 09, 2023

Mohamed El-Erian: Investors are ignoring signals from the world's most powerful central bank at their peril

The more markets diverge from the Fed the more likely they will find themselves on the losing sideSomething peculiar is unfolding once again in the relationship between financial markets and the United States Federal Reserve. We apologize, but this vi...

Source: Financialpost December 09, 2023

Opinion: Conservatives should rock the shaky foundations of climate alarmism

COP28 president has it right: though fossil fuels eventually have to be phased out, no science says climate Armageddon is imminentBy Tom Harris We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other video...

Source: Financialpost December 09, 2023

Jack Mintz: Justin Trudeau’s existential problems with oil and gas

Squeeze the industry to please his party's green base or keep output, revenue and high-paying employment flowing?Talk at the latest climate-change shindig in Dubai has centred around the future of the oil industry and whether countries should pledge to phase...

Commodities Source: BNN Bloomberg December 08, 2023

Oil price news: Oil mounts modest rebound after plunging to 5-month low

Oil staged a small recovery but remained near a five-month low as concerns mount about robust supplies. Global benchmark Brent climbed back above US$75 a barrel after slumping by 11 per cent in the longest run of daily losses since February. In a sign t...

Source: BNN Bloomberg December 08, 2023

Markets today: Wall Street's AI craze drives Nasdaq 100 up 1.5%

A rally in megacaps spurred a rebound in stocks on speculation the artificial-intelligence boom will keep fueling market gains. Traders brushed off any jitters surrounding Friday’s U.S. jobs report to reignite the trade that’s driven the Nasdaq 100 up over...

Market Call Source: BNN Bloomberg December 08, 2023

Mike Philbrick's Top Picks: December 7, 2023

Mike Philbrick, CEO, ReSolve Asset Management FOCUS: ETFs  MARKET OUTLOOK: In the investment world, just as in basketball, every team player has a crucial role. Consider Dennis Rodman, the lowest scoring inductee in the Basketball Hall of Fame. Des...

Company News Source: BNN Bloomberg December 08, 2023

Lululemon slumps as outlook falls short of Wall Street estimate

Lululemon Athletica Inc.’s fourth-quarter revenue guidance trailed Wall Street estimates, a rare miss for the retailer whose performance routinely exceeds investor expectations. Sales growth at the activewear company, while still robust compared with most...

Source: BNN Bloomberg December 08, 2023

Laurentian stock is 'where money goes to die': portfolio manager

After an earnings miss from Laurentian Bank of Canada, a portfolio manager says he sees a difficult period ahead for the Montreal-based lender.  Laurentian Bank of Canada reported earnings on Thursday that fell short of all of its financial goals in 2023....