Daily News

Company News Source: BNN Bloomberg November 29, 2023

Scotiabank misses estimates on higher-than-expected provisions

Bank of Nova Scotia missed fiscal fourth-quarter profit estimates as the company set aside more money than expected for potentially souring loans. Provisions for credit losses totaled $1.26 billion (US$925 million), more than the $870 million analysts had...

Source: BNN Bloomberg November 29, 2023

Approach art investing as you would stocks and bonds: expert

Once a hobby of the ultra-rich, fine art collecting has become more accessible to private investors, and one expert says it’s best to approach art investing in much the same way you would a stock or bond. Rob Cowley, Canadian art specialist and president o...

Source: Bankofcanada November 29, 2023

What we heard: Bank of Canada publishes report on digital dollar consultations, outlines further engagement plans

The Bank of Canada today published a report summarizing the feedback it has received to date about a potential digital Canadian dollar. Since 2020, the Bank has engaged widely with Canadians, as well...

Source: Financialpost November 29, 2023

Charlie Munger, who helped Warren Buffett build Berkshire, dies at 99

Helped transform Berkshire from a failing textile maker into an empireCharles Munger, the alter ego, sidekick and foil to Warren Buffett for almost 60 years as they transformed Berkshire Hathaway Inc. from a failing textile maker into an empire, has died. He...

Source: Financialpost November 29, 2023

Scotiabank misses expectations as provisions for credit losses climb

Provisions for bad loans totalled $1.26 billionBank of Nova Scotia missed fiscal fourth-quarter profit estimates as the company set aside more money than expected for potentially souring loans. We apologize, but this video has failed to load. Try refr...

Source: Financialpost November 29, 2023

Trudeau's attack on short-term rental owners will encourage them to not report income

Kim Moody: Poorly thought out proposal sets dangerous precedent of taxing business owners on gross incomeReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through...

Source: Financialpost November 29, 2023

Elon Musk's Cybertruck is already a production nightmare for Tesla

Musk says Tesla is digging its own grave with the Cybertruck, full of 'a lot of bells and whistles'The Cybertruck hasn’t even hit the market yet, and Elon Musk already is lamenting that Tesla Inc. has dug its own grave. We apologize, but this video ha...

Source: BNN Bloomberg November 28, 2023

Markets today: Treasuries extend blockbuster rally on Fed wagers

Treasuries extended their powerful November advance as traders weighed mixed US government debt sales amid bets the Federal Reserve is done with interest-rate hikes. A US$55 billion auction of five-year bonds saw strong demand, following a soft $54 billion...

Source: BNN Bloomberg November 28, 2023

Banks set to report earnings strained by economic slowdown

Signs of economic slowdown are growing, and Canadian banks could add more evidence this upcoming week. The Big Six banks are set to report fourth quarter results that analysts expect to show lower earnings, more money set aside to cover bad loans, and hint...

Source: BNN Bloomberg November 28, 2023

Are Canadian banks a buy? Expert weighs in ahead of earnings

Canadian bank stocks have underwhelmed investors for the past few years but an investment expert still sees some opportunities in the sector. Analyst are forecasting that major banks will report on a lacklustre a fourth quarter this week, but Allan Small,...