Daily News

Company News Source: BNN Bloomberg April 21, 2023

AT&T falls most since 2000 on cash flow miss, subscriber falloff

AT&T Inc. fell the most in more than two decades after the No. 3 U.S. wireless carrier missed analysts’ estimates for free cash flow in the first quarter and added fewer subscribers than a year earlier, signaling tight competition among rivals. Free cash f...

Source: Financialpost April 21, 2023

Navdeep Bains to join Rogers as chief corporate affairs officer

Bains will oversee Rogers’ public policy and ESG efforts Former federal industry minister Navdeep Bains is joining Rogers Communications Inc. as chief corporate affairs officer, the telecom company announced April 20, one of a number of executi...

Source: Financialpost April 21, 2023

TD CEO offers few details on state of First Horizon deal

But Bharat Masrani still sees the benefits of the merger Get the latest from Stephanie Hughes straight to your inbox Sign Up Toronto-Dominion Bank chief executive Bharat Masrani still sees the benefits of merging with Memphis-based Fi...

Source: Financialpost April 21, 2023

Canada rakes in $13 billion of orders for 5-year note in record U.S. dollar deal

Better spread over Treasuries Canada got over $13.3 billion of investor orders for its largest transaction in the U.S. currency on record, according to a person with knowledge of the matter, as the inversion in the Treasury yield curve continue...

Source: Financialpost April 21, 2023

Canada matched Joe Biden subsidies to win Volkswagen battery plant, pledging up to $13 billion

Unprecedented contract provides annual production subsidies as well as a grant toward the factory’s capital cost Prime Minister Justin Trudeau’s government agreed to subsidies that may top $13 billion over a decade to land an electric-vehicle b...

Source: Financialpost April 21, 2023

How the CRA strike will affect your tax returns, refunds, benefits and more

Jamie Golombek: If you're getting a refund, CRA will pay you interest at a rate of 7%, compounded daily, from May 31 Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission fro...

Executive Summary Source: Financialpost April 21, 2023

Posthaste: 7 'myths' about Canada's finances — the 'road to ruin' or just 'fiscal fearmongering?'

Desjardins Economics tackles these persistent claims about debt, deficits and taxes Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on...

Source: BNN Bloomberg April 20, 2023

TD spots a red flag not seen since 2007 coming for the corporate bond market

Last month’s banking drama means a technical tidal wave may be coming for the biggest slice of the US$10 trillion market for corporate bonds. That’s according to TD Securities, where analysts are predicting that banks’ collective higher cost of funding wil...

Market Call Source: BNN Bloomberg April 20, 2023

Brian Madden's Top Picks: April 19, 2023

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities   MARKET OUTLOOK: First-quarter earnings releases will soon be in full swing, and we expect they will be sobering, at least in terms of the rate of...

Source: BNN Bloomberg April 20, 2023

U.S. stocks edge lower; Tesla falls in late trading

Stocks were little changed as traders assessed another batch of corporate earnings and remained focused on any signals about the Federal Reserve’s next policy moves. Bond yields climbed. The S&P 500 halted a two-day advance. The Cboe Volatility Index hit i...