Daily News

Source: Financialpost April 13, 2023

Ross McKitrick: The important climate study you won't hear about

Challenges trends in climate simulations An important new study on climate change came out recently. I’m not talking about the Intergovernmental Panel on Climate Change (IPCC) Synthesis Report with its nonsensical headline “Urgent climate actio...

Source: Financialpost April 13, 2023

Former Bank of Canada chief sits on cash, waiting for bonds to tumble

David Dodge says global economy is entering a new phase where real interest rates and inflation are higher Former Bank of Canada Governor David Dodge says interest rates are bound to stay higher for longer, despite market bets that the central...

Source: Financialpost April 13, 2023

China to start building lunar base out of moon soil in five years, SCMP reports

The moon is believed to contain a source of waste-free nuclear energy that could meet global energy demands for 250 years China plans to start building a lunar base in about five years, kicking off with bricks made of moon soil, according to sc...

Economy Source: Financialpost April 13, 2023

Bank of Canada holds interest rate, but get ready for higher for longer

Kevin Carmichael: The good news, no recession; the bad news, inflation is proving tough to beat Get the latest from Kevin Carmichael straight to your inbox Sign Up The Bank of Canada left its benchmark interest rate unchanged at 4.5 p...

Source: BNN Bloomberg April 12, 2023

U.S. tech stocks slump extends ahead of inflation data

U.S. stocks were subdued, trading in a narrow range as investors braced for inflation data that could signal if the Federal Reserve will once again lift interest-rates. The tech-heavy Nasdaq 100 slumped 0.7 per cent, sliding for the fifth session of the pa...

Source: BNN Bloomberg April 12, 2023

Insurance stocks set to outperform in 2023: Hot Picks

Insurance stocks have outperformed the broader financial sector over the past two years, and one financial expert says she expects the sector to remain strong throughout 2023. Speaking with BNN Bloomberg's Amber Kanwar on Tuesday, Cathy Seifert, director o...

Market Call Source: BNN Bloomberg April 12, 2023

Ryan Bushell's Top Picks: April 11, 2023

Ryan Bushell, president and portfolio manager, Newhaven Asset Management FOCUS: Canadian dividend stocks  MARKET OUTLOOK: Overall, despite some significant turmoil in financial markets, the first quarter ended on a relatively stable and positive no...

Source: BNN Bloomberg April 12, 2023

Hexo shares fall as Tilray looks to buy weed producer for cheap

U.S.-listed shares of Hexo Corporation tumbled as Tilray Brands plans to buy the fellow cannabis company in an all-share deal worth about US$56 million, with an offer price less than the stock’s market value prior to the announcement. Tilray’s implied purc...

Source: BNN Bloomberg April 12, 2023

Another earnings season is upon us. Here's what one expert is anticipating

As companies get set to release their latest results, one research director said revisions have been moving lower amid persisting uncertainty regarding macroeconomic conditions.  Sheraz Mian, the director of research at Zacks, said in an interview with BNN...

Source: BNN Bloomberg April 12, 2023

TSX recap: Index finishes 0.72% higher amid gains in energy stocks

Strength in energy and base metal stocks helped Canada's main stock index gain more than 100 points Tuesday, while U.S. stock markets were mixed. The S&P/TSX Composite Index was up 146.03 points, or 0.72 per cent, at 20,421.85. In New York, the Dow Jone...