Daily News

Source: BNN Bloomberg March 17, 2023

Here are a wealth advisor's top EV plays: Hot picks from Eddy Gifford

As companies and politicians around the globe ramp up plans to try to lead green transitions, one wealth advisor is flagging different companies that can help investors take advantage of this trend. In an interview with BNN Bloomberg on Thursday, Eddy Giff...

Market Call Source: BNN Bloomberg March 17, 2023

Gordon Reid's Top Picks: March 16, 2023

Gordon Reid, president and chief executive officer, Goodreid Investment Counsel FOCUS: U.S. equities  MARKET OUTLOOK: Banks are only viable institutions with the trust of their customers. By definition, banks rely on deposits to fund much of their...

Commodities Source: BNN Bloomberg March 17, 2023

​Oil market trading as if we're already 'in a full blown recession': RBC analyst

The drastic drop in oil prices has one analyst suggesting that the commodity is being traded as if the global economy is already in a recession.   Crude oil prices sank 10 per cent in the past two-and-a-half days to approximately US$68 per barrel, following...

Source: BNN Bloomberg March 17, 2023

TSX recap: Index finishes 0.83% higher amid gains in technology stocks

Markets in Canada and the U.S. climbed steadily Thursday in yet another reversal during a volatile week, with tech helping drive strength as well as some signs of recovery in embattled financial stocks. The S&P/TSX Composite Index was up 160.17 points, or...

Source: Financialpost March 17, 2023

Joe Oliver: The Trans Mountain financial fiasco just got worse

Will go down in history as a shockingly high-priced project with startling cost overruns Late Friday afternoon, the traditional slot for bad news, Trans Mountain Corporation (TMC) announced its pipeline expansion costs have ballooned to an eye-...

Source: Financialpost March 17, 2023

Banks traded at low multiples with a howling wind at their backs, so what happens now?

Canadian banks’ supercycle is coming to an end If I told you about a company that is highly profitable, has a strong balance sheet, has grown steadily by expanding into new business areas, pays a healthy dividend and dominates its market with a...

Source: Financialpost March 17, 2023

Pornhub parent MindGeek acquired by new Canadian private equity fund

Ethical Capital Partners to buy owner of a variety of pornographic streaming platforms and studios The company that owns pornographic video-streaming platform Pornhub is being acquired by a new private equity firm based in Ottawa. THIS...

Source: Financialpost March 17, 2023

Capital gains tax and more changes that could target higher-income Canadians in the next federal budget

Jamie Golombek: Ottawa says it's looking to close tax loopholes that benefit the wealthy and corporations Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases...

Source: BNN Bloomberg March 16, 2023

U.S. stocks get some relief as banking drama unfolds

Volatility gripped financial markets as fresh turmoil at Credit Suisse Group AG days after the collapse of some American regional banks spurred a frantic rush for shelter, evoking memories of the 2008 global financial crisis and bolstering speculation that ma...

Source: BNN Bloomberg March 16, 2023

Opportunity for growth in technology: Three hot picks from Dan Ives

Despite recent weakness within the technology sector, one analyst said some stocks are still well-positioned to capture growth for years to come. In an interview with BNN Bloomberg on Wednesday, Dan Ives, managing director and senior equity research analys...