Daily News

Company News Source: BNN Bloomberg January 07, 2023

Shopify is among the 'most misunderstood' stocks: Investor

Equity markets are broadly failing to understand Shopify Inc.’s potential for growth, according to one investment professional.  Sign up to get breaking news email alerts sent directly to your inbox “We believe Shopify is one of the most misunderst...

Source: BNN Bloomberg January 07, 2023

Costco jumps most since March 2020 on holiday sales strength

Costco Wholesale Corp. surged the most since March 2020 after improving December sales soothed investor concerns about a slowdown in November.  Excluding the impact of changes in gasoline prices, Costco’s US comparable sales climbed 6.4 per cent last month...

Source: BNN Bloomberg January 07, 2023

The Week Ahead: Earnings from Aritzia, RBC’s Canadian Bank CEO Conference

  Monday, January 9 Notable data: Building Permits Notable earnings: Tilray Brands, WD-40 Co. RBC’s Canadian Bank CEO Conference North American Leaders’ Summit in Mexico City, Mexico Tuesday, January 10 Notable data: U.S. NFIB Small...

Source: Financialpost January 07, 2023

Bruce Pardy: Sovereignty bills signal discontent in Trudeau's woke Canada

Alberta and Saskatchewan, with their oil, guns, populism, and a culture of self-reliance, are Ottawa’s adversaries all rolled into one The new year begins with Alberta and Saskatchewan on the warpath, thank goodness. In December, the Alberta So...

Source: Financialpost January 07, 2023

Howard Levitt: What's happening to Jordan Peterson could happen to anyone now

His is an important fight. His failure would leave many vulnerable to attacks on their employment Given how hard Jordan Peterson has worked (and continues to work), it is difficult to attribute his phenomenal successes to simple good fortune. B...

Economy Source: Financialpost January 07, 2023

Interest rates headed higher after Canada's job gains blow past expectations

Kevin Carmichael: Employers added more than 100,000 positions in December, a number likely too robust for the Bank of Canada It looks like interest rates will be going higher when the Bank of Canada next meets to set policy at the end of Januar...

Economy Source: Financialpost January 07, 2023

'The Bank of Canada isn't done yet': Blockbuster jobs report means more rate hikes in store, economists say

Here's what economists have to say about the latest jobs report and what it means for interest rates December’s blockbuster jobs report points to continued strength in the labour market, and indicates the Bank of Canada will likely hike interes...

Source: BNN Bloomberg January 06, 2023

U.S. stocks end day lower with labor market in focus

U.S. stocks closed lower as continued evidence of strength in the labor market fueled speculation the Federal Reserve has room to keep raising rates. Short-dated Treasuries fell.  Sign up to get breaking news email alerts sent directly to your inbox...

Source: BNN Bloomberg January 06, 2023

​Canadian bank earnings estimates likely to drop in 2023: CIBC

 Canada’s largest banks have been projected to have lower than peak average earnings-per-share (EPS) in 2023 and one analyst is calling for expectations to fall even further.    ‘While consensus estimates appear to be broadly aligned with banks’ guidance, we...

Source: BNN Bloomberg January 06, 2023

TSX recap: Index finishes 0.42% lower despite gains in energy stocks

Canada's main stock index closed with losses Thursday, buoyed by strength in energy and metals, while U.S. markets lost more than a per cent amid continued strength in the job market. Sign up to get breaking news email alerts sent directly to your inbox...