Daily News

Source: Financialpost July 28, 2023

CRA wins one, loses one as government pursues pandemic benefits it deems questionable

Jamie Golombek: Two new cases provide glimpse into types of claims being reviewed and, consequently, denied Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchas...

Source: Financialpost July 28, 2023

Geology student wins contest, then inks mining deal that might pay millions

Winning the NextGen Prospect Challenge was a big deal for Ryan Burke, but within two years he had done much better Winning the NextGen Prospect Challenge was a big deal in itself for Ryan Burke, a young geologist just out of university in 2020....

Source: Financialpost July 28, 2023

TC Energy splitting into two companies by spinning off liquids pipelines business

Transaction expected to be completed in second half of 2024 CALGARY — TC Energy Corp. says it will split into two separate companies by spinning off its liquids pipelines business. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe...

Source: BNN Bloomberg July 27, 2023

U.S. stocks drop on bets Federal Reserve isn’t done yet with hikes

U.S. stocks fell after the Federal Reserve raised interest rates and signaled it isn’t ready to claim victory over inflation yet, bolstering speculation on another hike this year. The S&P 500 dropped from the highest level since April 2022, the tech-heavy...

Source: BNN Bloomberg July 27, 2023

Dow Average posts historic run, yields drop on Fed

Bond yields dropped after Jerome Powell said the Federal Reserve hasn’t made a decision to hike at every other meeting, bolstering bets the central bank will skip a rate increase in September. Two-year U.S. yields fell four basis points to 4.84 per cent. T...

Market Call Source: BNN Bloomberg July 27, 2023

Stephen Takacsy's Top Picks: July 26, 2023

Stephen Takacsy, president, CEO and CIO, Lester Asset Management FOCUS: Canadian stocks  MARKET OUTLOOK: Equity and fixed-income markets have been volatile so far in 2023 on fears of high inflation, further rate hikes and an economic slowdown. We b...

Company News Source: BNN Bloomberg July 27, 2023

Meta shares climb after revenue, forecast beat estimates

Meta Platforms Inc. topped forecasts for second-quarter sales and gave a rosy outlook for the current period, signaling that the social networking giant is succeeding in migrating advertisers to its new Reels short-video feature. Shares climbed 4.5 per cen...

Source: BNN Bloomberg July 27, 2023

Expert recommends companies adapting to clean energy future

Companies actively altering their business models to fit into the clean energy transition will be best positioned to reward investors in the future, one financial expert says. Speaking with BNN Bloomberg’s Amber Kanwar on Wednesday, Jens Peers, co-manager...

Source: BNN Bloomberg July 27, 2023

TSX recap: Index largely flat on mixed results

Canada's main stock index posted anemic gains Wednesday as a rise in battery metals, industrials and health care balanced out weakness in technology stocks, while U.S. markets were mixed after another central bank rate hike.  The Federal Reserve hiked its...

Source: Bankofcanada July 27, 2023

Bank of Canada publishes its 2024 schedule for policy interest rate announcements and other major publications

The Bank of Canada today published its 2024 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report. It also reconfir...