Daily News

Company News Source: BNN Bloomberg July 26, 2023

First Quantum Minerals earns US$93 million in second quarter

First Quantum Minerals Ltd. says it earned US$93 million in the second quarter of 2023, down from US$419 million a year earlier.  The Toronto-based company, which reports in U.S. dollars, says sales revenues were US$1.7 billion, down from US$1.9 billion du...

Source: Bankofcanada July 26, 2023

Summary of Governing Council deliberations: Fixed announcement date of July 12, 2023

This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on July 12, 2023. This summary reflects di...

Source: Financialpost July 26, 2023

Warren Buffett lifts fossil fuel bets as global ESG push mints bargains

Berkshire Hathaway is using a dip in commodity prices to load up on some of Buffett’s favourite oil and gas investments Warren Buffett’s multibillion-dollar purchases of oil and gas investments early in the pandemic paid off when the sector cra...

Source: Financialpost July 26, 2023

Opinion: Ottawa rewards failure with taxpayer-funded bonuses

Why are the Bank of Canada and CMHC paying out bonuses as if they were participation ribbons? By Franco Terrazzano THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Excl...

Source: Financialpost July 26, 2023

Posthaste: Where homes are selling the fastest — and slowest — in Ontario

Time it takes to sell a house cut in half for many markets We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Where homes are selling...

Source: Financialpost July 26, 2023

Big interest rate cuts ahead from the Bank of Canada if 2001 is any indication

Ted Rechtshaffen: Get ready to see actions speak louder than words over the coming year They say that actions speak louder than words, and this definitely applies when it comes to the Bank of Canada. THIS CONTENT IS RESERVED FOR SUBSCRI...

Source: BNN Bloomberg July 25, 2023

TSX today: Index driven higher on energy gains

Strength in energy stocks helped lift Canada's main stock index in afternoon trading, while U.S. stock markets also posted gains. The S&P/TSX composite index was up 46.51 points, or 0.22 per cent, at 20,594.02. In New York, the Dow Jones Industrial Aver...

Source: BNN Bloomberg July 25, 2023

Investors should take on more risk in this market: Portfolio manager

Signs of cooling U.S. inflation has one portfolio manager calling for investors to take on more risks in the equities and bond market. Speaking with BNN Bloomberg’s Amber Kanwar on Monday, Jay Hatfield, chief executive officer, founder and portfolio manage...

Source: BNN Bloomberg July 25, 2023

U.S. stocks kick off busy earnings week with mild gains

A pivotal week for markets started with small gains in stocks as traders braced for rate decisions from major central banks and a deluge of corporate earnings. In the run-up to the Federal Reserve and European Central Bank’s gatherings, investors got a rem...

Market Call Source: BNN Bloomberg July 25, 2023

Mike Philbrick's Top Picks: July 24, 2023

Mike Philbrick, chief executive officer, ReSolve Asset Management FOCUS: Exchange-traded funds  MARKET OUTLOOK: In the ever-evolving financial landscape, investors must be vigilant about economic indicators and technological advancements that shape...