Daily News

Source: BNN Bloomberg February 10, 2024

TSX recap: Index finishes 0.43% lower

Canada's main stock index posted a modest gain Friday, while U.S. markets were mixed but the S&P 500 surpassed 5,000 points for the first time. The S&P/TSX Composite Index closed up 89.96 point, or 0.43 per cent, at 21,009.60. In New York, the Dow Jones...

Source: Financialpost February 10, 2024

Trudeau calls Bell Canada's mass layoffs 'a garbage decision'

Prime Minister says media layoffs eroding Canada's 'very democracy'Prime Minister Justin Trudeau has joined those criticizing BCE Inc.’s mass layoffs that would leave 4,800 people unemployed. We apologize, but this video has failed to load. Try refres...

Source: Financialpost February 10, 2024

Jack Mintz: Canada has lost $225 billion in foreign investment since 2016

Ottawa boasts about large recent inflows of capital but outflows are even bigger. If Canadians prefer to invest elsewhere, that's bad newsAccording to the OECD, Canada was the third largest recipient of foreign direct investment (FDI) inflows in the first th...

Economy Source: Financialpost February 10, 2024

What a mixed jobs report means for the Bank of Canada, according to economists

Little reason for central bank to abandon patient stanceThe Canadian economy added 37,000 jobs in January and the unemployment rate fell to 5.7 per cent, according to figures released Feb. 9 by Statistics Canada. While that beat expectations of a 15,000-job...

Company News Source: BNN Bloomberg February 09, 2024

Sun Life Financial beats estimates on Asia growth, insurance sales

Sun Life Financial Inc. beat analyst estimates for fourth-quarter profit, boosted by momentum in its Asia business and strong sales of individual and group insurance policies.  The Toronto-based insurer and asset manager said underlying net income increase...

Market Call Source: BNN Bloomberg February 09, 2024

Greg Newman's Top Picks: February 8, 2024

Greg Newman, senior wealth advisor and portfolio manager, Newman Group, ScotiaMcLeod FOCUS: North American stocks, dividends, option strategies  MARKET OUTLOOK: What an unbridled run the U.S. markets have had since October. The result of tamer infl...

Source: BNN Bloomberg February 09, 2024

TSX recap: Index finishes nearly 50 points lower

Canada's main stock index posted a small loss Thursday as weakness in telecom and utilities stocks weighed on the market, while U.S. markets made gains. The S&P/TSX Composite Index was down 49.54 points, or 0.24 per cent, at 20,919.64. In New York, the...

Source: BNN Bloomberg February 09, 2024

Markets today: Bonds fall after US$25 billion sale as U.S. stocks churn

Wall Street struggled to gain traction, with the bond market digesting another big sale of Treasuries and stocks hovering near records. Bonds fell despite a strong US$25 billion auction that reduced jitters about an oversupply. Equities closed little chang...

Source: BNN Bloomberg February 09, 2024

Fairfax Financial shares down after report by short seller Muddy Waters Research

Shares of Fairfax Financial Holdings Ltd. were down almost 12 per cent Thursday after a short seller alleged the company manipulated asset values. In a report, Muddy Waters Research, which said it was short Fairfax, said it believed a conservative adjustme...

Source: Financialpost February 09, 2024

Spillover effect from strong U.S. economy could boost Canadian mortgage rates

Canadian bond yields are getting caught in the updraft as economic strength down south sparks fears inflation could reigniteIt seems central bankers can’t keep the United States economy down — despite a 23-year high in the world’s most important interest rat...