Daily News

Company News Source: BNN Bloomberg February 10, 2023

Brookfield to continue share buybacks if discount persists

Brookfield Corp. Chief Executive Officer Bruce Flatt said the Toronto-based alternative asset manager will consider accelerating share buybacks if the company’s stock continues trading well below the firm’s estimate of its real value. “We expect to continu...

Source: BNN Bloomberg February 10, 2023

TSX recap: Index finishes lower amid mixed corporate earnings

Falling commodity prices and mixed corporate earnings helped push down Canada's main stock index Thursday, while U.S. stock markets also fell. "It's a pretty earnings-driven market," said Ryan Crowther, a portfolio manager at Franklin Bissett Investment Ma...

Market Call Source: BNN Bloomberg February 10, 2023

Bill Harris' Top Picks: February 9, 2023

Bill Harris, partner and portfolio manager, Avenue Investment Management FOCUS: Canadian large and mid-caps  MARKET OUTLOOK: This is a slow-motion correction and it might take years to unwind a decade of zero interest rate policy. Avenue’s inves...

Source: BNN Bloomberg February 10, 2023

REITs: Three hot picks from Mark Rothschild

As higher interest rates weigh on the real estate sector, one analyst said there are still opportunities as the fundamentals for certain asset classes remain intact.  Speaking with BNN Bloomberg’s Jon Erlichman on Thursday, Mark Rothschild, an analyst at C...

Company News Source: BNN Bloomberg February 10, 2023

Lyft tumbles as profit outlook misses Wall Street estimates

Lyft Inc. gave an earnings outlook that significantly missed analysts’ estimates as the ride-hailing company prepares to absorb rising insurance costs instead of passing them on to customers. The company projected adjusted earnings before interest, tax, de...

Source: Financialpost February 10, 2023

Investors own a big chunk of Canada's housing market. Should we be worried?

Investors own 20% of homes in Canada, and a whopping 40% of condos Statistics Canada’s new dataset tracking investor ownership of residential real estate is offering additional insight into the country’s housing market, but what it means for po...

Source: Financialpost February 10, 2023

New Flyer, the Canadian Tesla of public transit, looks to turn bus around

Bus manufacturing giant NFI is teetering on the brink of a financial disaster. Can it get the bus rolling again? It was Paul Soubry’s final day of vacation, and among the things he had learned after two weeks of sunshine and four rounds of golf...

Source: Financialpost February 10, 2023

CRA denies transit employee's costs from working away from home, gets taken to court

Jamie Golombek: To deduct unreimbursed food and lodging employment expenses, several conditions must be met Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchas...

Source: BNN Bloomberg February 09, 2023

Be cautious of financial advice on social media: Expert

Young people turning to social media for financial advice from influencers should be cautious, one expert warns. Li Zhang, the principal of corporate citizenship with Chartered Professional Accountants Canada (CPA), said in an interview with BNN Bloomberg Tue...

Source: BNN Bloomberg February 09, 2023

​Retail investment: Three hot picks from Seth Basham

Retail stocks have suffered from inflationary pressures and pandemic lockdowns over the past few years but one financial expert says this makes for some great buying opportunities within the sector.    Speaking with BNN Bloomberg's Amber Kanwar on Wednesday,...