Daily News

Source: BNN Bloomberg June 27, 2024

Micron falls after forecast fails to meet lofty expectations

Micron Technology Inc., the largest U.S. maker of computer memory chips, declined in late trading after its forecast failed to meet the sky-high expectations of some investors.  Fiscal fourth-quarter sales will be US$7.4 billion to $7.8 billion, the compan...

Source: BNN Bloomberg June 27, 2024

Markets today: S&P 500 rebounds with Nvidia shares turning higher

Stocks edged up in the final stretch of Wall Street trading, with a small group high-flying technology shares leading the way. A renewed bout of volatility hit Nvidia Corp., which rebounded a few minutes before the US close. The poster child of the artific...

Source: BNN Bloomberg June 27, 2024

BlackBerry reports US$42-million net loss in Q1 as revenue also drops

BlackBerry Ltd. says it incurred a US$42-million net loss in its most recent quarter as its revenue also fell significantly from a year ago. The Waterloo, Ont.-based technology company says the first-quarter results were a drop from a year earlier, when Bl...

Source: Financialpost June 27, 2024

Picking battery plants to solve Canada's productivity crisis 'dangerous road,' report says

Better approach would be to cut taxes and let markets find the right solutions, says Conference Board of Canada Get the latest from Naimul Karim straight to your inbox Sign Up Canada’s decision to provide billions of dollars’ worth of incentives to co...

Source: Financialpost June 27, 2024

TD Bank says deep rate cuts will provide 'big tailwind' to Canada's economy

Debt-laden Canadian consumers more sensitive to interest rates, economist saysThe Bank of Canada’s decision to begin cutting interest rates ahead of the United States Federal Reserve will ultimately lead to a “big tailwind” for the Canadian economy, Toronto-...

Source: Financialpost June 27, 2024

WestJet to start cancelling flights Thursday as mechanics' strike looms

CEO says union trying to create 'maximum damage' with timing ahead of July 1 weekendWestJet Airlines Ltd., Canada’s second-largest carrier, will begin cancelling flights on Thursday — just ahead of a long holiday weekend — as it prepares for a strike. We...

Source: Financialpost June 27, 2024

Junk Science Week — Ross McKitrick: EV mandates don't make economic sense

If electric vehicles sell only when gas ones are banned, your policy is generating more cost than benefit for producers and consumers We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our tea...

Source: BNN Bloomberg June 26, 2024

Canadian investors have too much of a 'home bias': Vanguard

Canadian investors are overweight in their domestic holdings at the expense of foreign equities, leaving them with increased exposure to certain risks, according to a new report.  Ashish Dewan, a portfolio consultant at Vanguard Canada, said in a report Tu...

Market Call Source: BNN Bloomberg June 26, 2024

John Hood's Top Picks: June 25, 2024

John Hood, portfolio manager, Croft Financial Group FOCUS: ETFs  MARKET OUTLOOK: Today marks the implementation of the increased capital gains inclusion rate from 50 to 75 per cent. Finance Minister Chrystia Freeland has decreed that this will affe...

Source: BNN Bloomberg June 26, 2024

Canada bonds fall as traders pare rate cut bets on hot CPI data

Canadian bonds sold off after a hotter-than-expected inflation reading for May prompted traders to dial back wagers on the Bank of Canada cutting interest rates in July. The short-end of the curve led the retreat, with yields on policy-sensitive two-year n...