Daily News

Source: BNN Bloomberg April 22, 2023

TSX Today: Index trading higher amid gains in technology, industrial stocks

Strength in technology and industrial stocks helped Canada's main stock index creep higher in early-afternoon trading, while U.S. stock markets fell on the final day of trading for the week. The S&P/TSX Composite Index was up 12.56 points, or 0.06 per cent...

Source: BNN Bloomberg April 22, 2023

U.S. stocks edge higher as traders weigh earnings, PMI

Stocks edged higher amid mixed corporate earnings and as traders parsed the latest data for clues on the outlook for inflation, economic growth and the Federal Reserve’s policy path. The S&P 500 swung between small gains and losses throughout the session....

Source: BNN Bloomberg April 22, 2023

The Week Ahead: Earnings from Teck Resources, Rogers Communications

Monday, April 24 Notable data: New Housing Price Index Notable earnings: Coca-Cola, Whirlpool Corp., CN Railway Tuesday, April 25 Notable data: S&P CoreLogic Case-Shiller Home Price Index, FHFA House Price Index, U.S. New Home Sales, U.S. C...

Source: Financialpost April 22, 2023

Howard Levitt: If government capitulates on strike demands, future generations will pay the price

Consequence will be further productivity drops and an inability to hire in the private sector We are reeling toward crisis with no alarm sounded. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in you...

Source: Financialpost April 22, 2023

VW battery plant's $13 billion in subsidies raises questions about Canada's EV ambitions

Ottawa says big investment needed to preserve jobs — others are skeptical Get the latest from Gabriel Friedman straight to your inbox Sign Up Volkswagen AG caused a stir in March when it said it had chosen St. Thomas, Ont., as the loc...

Source: Financialpost April 22, 2023

Facing market saturation, Canada's biggest pizza chain targets Mexico for expansion

With 700 restaurants in Canada, Pizza Pizza chief executive sensed it was time to start exploring new markets Back in 2021, when management at Pizza Pizza Ltd. considered the future of the company, it would have been tempting to continue on the...

Source: BNN Bloomberg April 21, 2023

Tech leads U.S. stocks lower with Tesla tumbling 10%

Stocks fell and bonds rose after data showed some softening in the labor market, housing and a gauge of business outlook. Traders also continued to wade through corporate earnings and comments from Federal Reserve speakers. The tech-heavy Nasdaq 100 underp...

Source: BNN Bloomberg April 21, 2023

​M&A activity sparks investment opportunities in pharmaceuticals: Hot picks

There’s been an uptick in merger and acquisition activity within the biopharmaceuticals industry and one financial expert says several companies are well positioned to benefit from future anticipated deals.    In an interview with BNN Bloomberg’s Amber Kanwa...

Market Call Source: BNN Bloomberg April 21, 2023

Chris Blumas' Top Picks: April 20, 2023

Chris Blumas, portfolio manager, Raymond James Investment Counsel FOCUS: North American large caps  MARKET OUTLOOK: The possibility of lower interest rates is the main catalyst that has driven stock prices higher since the start of the year. Howeve...

Source: BNN Bloomberg April 21, 2023

​TSX recap: Index finishes 0.24 per cent lower amid losses in energy stocks

Canada's main stock index was down on Thursday, weighed down by losses in the energy sector as the price of oil fell, while U.S. stock markets were also lower. The S&P/TSX Composite Index was down 50.14 points, or 0.24 per cent, at 20,630.69. In New Yor...