Daily News

Source: Financialpost April 28, 2023

Quebec faces big electricity shortfall after wooing U.S. to buy cheap hydro power

Export deals a 'strategic mistake' The region that produces North America’s cheapest power faces a threat that seemed impossible just a few years ago — running short of electricity. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscrib...

Source: Financialpost April 28, 2023

Opinion: We’re deeper in debt than Ottawa lets on

Canada’s debt position isn’t so enviable after all By Jake Fuss and Milagros Palacios THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articl...

Source: Financialpost April 28, 2023

Why is remote work a major sticking point in PSAC negotiations? What you need to know

PSAC wants remote work to be enshrined in contracts, but Ottawa calls that a 'red line' The issue of remote work continues to be a sticking point in negotiations between the Public Service Alliance of Canada (PSAC) and Ottawa as federal employe...

Source: Financialpost April 28, 2023

Population boom proves wild card in Bank of Canada rate decision

Surging immigration could be making the labour market look tighter than it actually is Get the latest from Stephanie Hughes straight to your inbox Sign Up The Bank of Canada‘s leaders spent “considerable time” discussing the country’s...

Source: BNN Bloomberg April 27, 2023

​TSX recap: Index finishes lower amid losses in industrials stocks

Canada's main stock index was down at the market close on Wednesday, driven by drops in industrials and energy stocks, while U.S. stock markets were mixed. The S&P/TSX Composite Index was down 73.15 points, or 0.36 per cent, at 20,366.72. In New York, t...

Source: BNN Bloomberg April 27, 2023

U.S. stocks slide as bank woes counteract tech earnings

U.S. stocks ended lower as fresh concerns about the health of American regional lenders dragged down bank shares, even as big-tech earnings helped support broader sentiment. The S&P 500 retreated 0.4 per cent as First Republic Bank’s woes deepened Wednesda...

Source: BNN Bloomberg April 27, 2023

The space economy is 'a huge area of opportunity': Venture capitalist

Space as a category of investment is still in the early development stages but weakness in technology and venture capital is weighing on the emerging industry, according to a partner at a space-themed venture capital firm.  Chad Anderson, a managing partne...

Source: BNN Bloomberg April 27, 2023

Meta surges as sales, forecast beat estimates on ad recovery

Meta Platforms Inc. shares surged after the social media company reported first-quarter revenue that exceeded analysts’ estimates and signaled the beginnings of a recovery in digital advertising. First-quarter sales rose to US$28.6 billion — a return to gr...

Market Call Source: BNN Bloomberg April 27, 2023

Dennis da Silva's Top Picks: April 26, 2023

Dennis da Silva, senior portfolio manager, Middlefield Capital Corporation FOCUS: Resource stocks  MARKET OUTLOOK:  In the world of commodities, there are a few key points to keep in mind, supply discipline or lack of investment, the recovery of Ch...

Source: BNN Bloomberg April 27, 2023

Canadian Pacific Kansas City first-quarter earnings up more than 35%

Canadian Pacific Kansas City says its net income for the first quarter of 2023 was $800 million, up more than 35 per cent from $590 million a year earlier. The Calgary-based railway company says diluted earnings per share were 86 cents, up more than 36 per...