Daily News

Source: Financialpost April 27, 2023

Opinion: Small business says: It’s time for back-to-work legislation

The longer the PSAC strike lasts, the greater the risk of financial harm to small-business owners By Jasmin Guénette and Christina Santini THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city...

Source: Financialpost April 27, 2023

Bets on Bank of Canada rate cut recede as core inflation proves sticky

Higher rates for longer could squeeze Canadians carrying record amounts of mortgage debt TORONTO — Canadian inflation excluding food and energy costs is expected to remain above three per cent until the fourth quarter of this year, the median f...

Source: Financialpost April 27, 2023

Rogers partnering with SpaceX to offer satellite-to-phone coverage

Rogers says it will be first wireless company in Canada to bring satellite connectivity coast to coast Rogers Communications Inc. has announced a partnership with Elon Musk‘s Space Exploration Technologies Corp. to bring satellite-to-phone cove...

Source: BNN Bloomberg April 26, 2023

U.S. stocks, bond yields sink as bank worries persist

U.S. stocks dropped the most in two months and Treasury yields retreated after First Republic Bank’s disappointing earnings and potential assets sale rekindled worries that the banking crisis has not run its course. The S&P 500 lost 1.6 per cent in afterno...

Market Call Source: BNN Bloomberg April 26, 2023

Brett Girard's Top Picks: April 25, 2023

Brett Girard, chief financial officer and portfolio manager, Liberty International Investment Management FOCUS: Global stocks  MARKET OUTLOOK: Conflicting macroeconomic news has kept the major markets largely range-bound since Halloween. By Friday...

Source: BNN Bloomberg April 26, 2023

One-year GICs see boom in popularity thanks in part to interest rate hikes

Brandon Brot has found himself much sought after at dinner parties and other gatherings over the past year. Brot, the principal at GIC Wealth Management, which currently has over $500 million under management, says enquiries related to Guaranteed Investmen...

Source: BNN Bloomberg April 26, 2023

Alphabet shares rise on revenue beat as ad sales recover

Google parent Alphabet Inc. reported first-quarter results that exceeded analysts’ estimates, demonstrating that its search advertising business is so far weathering the economic downturn and increased competitive threats. Sales, excluding partner payouts,...

Source: BNN Bloomberg April 26, 2023

Analysts react to the latest CN Rail earnings

While analysts broadly expected investors to react positively to Canadian National Railway Co. latest quarterly results, shares slumped amid concerns that a possible recession will weigh on Canada’s biggest railroad’s balance sheet. The Montreal-based rail...

Source: BNN Bloomberg April 26, 2023

Microsoft profit, sales top estimates on strong cloud demand

Microsoft Corp.’s third-quarter profit and sales surpassed projections, fueled by resilient corporate demand for its mainstay cloud-computing software and services. Shares jumped more than 5 per cent in late trading. Profit was US$2.45 a share in the perio...

Company News Source: BNN Bloomberg April 26, 2023

CN Rail unveils new continental shipping service in bid to match rival's vast network

Canadian National Railway Co. announced a new North American container shipping service Monday, upping its financial forecast for the year on the heels of record first-quarter revenues brought on by a bumper grain crop and higher oil prices. Dubbed Falcon...