Daily News

Source: Financialpost April 03, 2024

Ross McKitrick: Economists’ letter misses the point about the carbon tax revolt

Yes, the carbon tax works great in a 'first-best' world where it's the only carbon policy. In the real world, carbon policies are piled highAn open letter is circulating online among my economist colleagues aiming to promote sound thinking on carbon taxes. I...

Source: Financialpost April 03, 2024

Tesla sales fall short by biggest miss ever in brutal blow for EVs

Shares plunge, extending biggest rout in the S&P 500Tesla Inc. had Wall Street analysts second-guessing their models as the first quarter came to a close. One after another reduced their estimate for vehicle deliveries. We apologize, but this video ha...

Source: Financialpost April 03, 2024

BCE hits 10-year low, Rogers dips after BMO sours on telecom outlook

Growing competition expected to pressure marginsShares of BCE Inc. tumbled to the lowest in more than a decade and Rogers Communications Inc. suffered its biggest drop of 2024 after BMO Capital Markets published a darker outlook on Canada’s telecom sector....

Source: Financialpost April 03, 2024

Posthaste: Risks the Bank of Canada will hold off until July to cut interest rates just got higher

Central bank's own surveys suggest policymakers may want more time, says economist We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Risks the Bank of Canada will h...

Technology Source: BNN Bloomberg April 02, 2024

Markets today: U.S. stocks join losses in bonds as Fed-cut wagers fade

Wall Street traders sent both stocks and bonds lower after solid US factory data reinforced speculation that the Federal Reserve will be in no rush to cut interest rates. Treasuries fell across the curve — with 10-year yields climbing over 10 basis points...

Source: BNN Bloomberg April 02, 2024

Trump's net worth drops US$1 billion as social media firm sinks

Donald Trump’s net worth tumbled by US$1 billion along with the shares of his social media business after it disclosed a more than $58 million loss in 2023, as revenue for the former president’s Truth Social platform trickled in.  Trump Media & Technology...

Source: BNN Bloomberg April 02, 2024

'Investors cannot afford to not be in tech' stocks: financial advisor

One financial advisor says that although tech stocks are trading at high prices, investors need to have positions in the sector.  Brenda O’Connor Juanas, a senior vice president and financial advisor at UBS, said in an interview with BNN Bloomberg on Monda...

Source: Bankofcanada April 02, 2024

Canadian Survey of Consumer Expectations—First Quarter of 2024

Results of the first-quarter survey | Vol. 5.1 | April 1, 2024 This survey took place between January 25 and February 14, 2024. Follow-up interviews w...

Source: Bankofcanada April 02, 2024

Business Outlook Survey—First Quarter of 2024

Results of the first-quarter 2024 survey | Vol. 21.1 | April 1, 2024 Business sentiment and sales growth expectations have stopped falling, according t...

Source: Financialpost April 02, 2024

Diane Francis: Only the Trudeau Liberals could botch an app so badly

ArriveCan affair is a case study in government mismanagementThousands of apps intended to make our lives easier and more efficient are created every year. Then there’s the ArriveCan app that the Trudeau government created. Costs so far have totalled an estim...