Daily News

Source: Financialpost June 02, 2023

Outgoing CEO of Canadian construction giant says finding workers will be his successor's biggest job

Geoff Smith says EllisDon has had to shift focus multiple times since the pandemic The outgoing chief executive of one of Canada’s largest construction services companies says his priority during his tenure was hunting for clients, but that his...

Source: BNN Bloomberg June 01, 2023

Funded deals, investment totals fall as VCs adjust to new normal: BDC

Canada's venture capitalists settled into a new normal marked by fewer and more cautious investments last year — and a new report suggests the pattern will continue. Business Development Bank of Canada (BDC) said Wednesday that venture capital lending, whi...

Market Call Source: BNN Bloomberg June 01, 2023

Eric Nuttall's Top Picks: May 31, 2023

Eric Nuttall, partner and senior portfolio manager, Ninepoint Partners FOCUS: Energy stocks  MARKET OUTLOOK: Never before has the chasm between narrative and reality been so wide. As investors maniacally fret over a recession, countries like China...

Source: BNN Bloomberg June 01, 2023

U.S. Treasury yields slide; banks weigh on stocks

Treasury yields dropped after some Federal Reserve officials signaled a potential pause in interest-rate hikes as early as June. Two-year rates, which are more sensitive to imminent Fed moves, slumped seven basis points to 4.38 per cent. The S&P 500 pared...

Source: BNN Bloomberg June 01, 2023

What does Nvidia's success mean for Canadian firms and the broader industry?

Following Nvidia Corp. reaching a new market capitalization threshold, experts say some Canadian companies and those with large amounts of data are poised to benefit from AI enthusiasm. Nvidia hit a US$1 trillion market capitalization Tuesday, becoming the...

Source: Financialpost June 01, 2023

Stellantis EV battery plant could cost Canada $19 billion in subsidies

Price tag may reach as much as $19 billion over a decade, far exceeding the $13 billion promised to Volkswagen Stellantis NV is likely to receive more in subsidies for a new electric-vehicle battery plant in Canada than the $13 billion Volkswag...

Source: Financialpost June 01, 2023

Posthaste: Canadians' high mortgage debt a 'ticking time bomb' as renewals loom

Variable-rate mortgage borrowers' payments may climb above 40% in 2026 when they renew, Desjardins says We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our...

Source: Financialpost June 01, 2023

Odds of Bank of Canada rate hike just went up as economy beats expectations

Markets now see 40% chance of a hike next week, 100% chance of another hike by September Get the latest from Stephanie Hughes straight to your inbox Sign Up Stronger-than-expected economic growth in the first quarter could force the B...

Economy Source: Financialpost June 01, 2023

Economy's growth beats expectations of Bay Street and Bank of Canada

GDP surge puts more pressure on central bank to hike interest rates The Canadian economy started off strong in the second quarter, extending a streak of better-than-expected growth and boosting the likelihood of another Bank of Canada rate hike...

Economy Source: Financialpost June 01, 2023

Consumers underpin Canada's GDP blowout: What the economists are saying

You can't keep the Canadian consumer down, say economists, as first-quarter spending rebounds Canada’s GDP came roaring back in the first quarter with consumers doing much of the heavy lifting. THIS CONTENT IS RESERVED FOR SUBSCRIBERS O...