Daily News

Company News Source: BNN Bloomberg February 03, 2024

Apple's China slump deepens even as total sales grow again

Apple Inc. reported a deepening slump in China during the holiday quarter, even as total iPhone sales were stronger than expected and the company returned to revenue growth.  Sales in China dropped 13 per cent to US$20.8 billion in the fiscal first quarter...

Market Call Source: BNN Bloomberg February 03, 2024

Cole Smead's Top Picks: February 2, 2024

Cole Smead, president and portfolio manager, Smead Capital Management FOCUS: Energy stocks  MARKET OUTLOOK: Expect poor returns for the S&P 500. Non-U.S. markets will do better. Canada is our biggest single-country exposure in our non-U.S. portfoli...

Source: BNN Bloomberg February 03, 2024

Small-cap innovation stocks with upside: ATB analyst

Canadian small-cap innovation stocks are an area often overlooked by investors, but an analyst says the sector is primed for growth this year. Martin Toner, director of institutional research, growth and innovation at ATB Capital Markets, told BNN Bloomber...

Source: BNN Bloomberg February 03, 2024

Markets today: U.S. stock bull run powers ahead as U.S. economy roars

The stock market extended this week’s gains as big tech rallied and a solid jobs report bolstered the outlook for corporate profits. Equities hit all-time highs, with the S&P 500 approaching 5,000 and the Nasdaq 100 up about 2 per cent on bullish outlooks...

Source: BNN Bloomberg February 03, 2024

The Week Ahead: Toronto housing numbers; BoC Governor speech

Monday Feb. 5 Notable data: Bank of Canada fourth quarter Market Participants Survey Earnings: Tyson Foods, McDonalds, Caterpillar, Simon Property Group, Palantir, TMX Group Tuesday Feb. 6 Notable data: Toronto housing numbers from TRREB, S...

Source: Financialpost February 03, 2024

Clock is ticking for Justin Trudeau to unload Trans Mountain expansion

Pipeline scheduled to start pumping oil in the second quarter, but its sale faces many challenges including a looming electionJustin Trudeau has promised one of the largest government-led asset sales in Canadian history by divesting the Trans Mountain pipeli...

Source: Financialpost February 03, 2024

Rate-cut rumblings could spur sweeter mortgage deals

Robert McLister: If you shop around, you can now land variables as low as 6.55% if uninsured, and 5.90% if insuredCanada’s mortgage rate market got good news out of Washington Jan. 31 as the United States Federal Reserve confirmed the likelihood of interest...

Source: Financialpost February 03, 2024

Legal battle over real estate commissions goes national with second class-action claim

Original lawsuit involves brokerages in Greater Toronto AreaThe scope of a legal challenge alleging price fixing within the residential real estate industry has been widened to include all regions of Canada, thanks to a second class-action lawsuit filed last...

Source: Financialpost February 03, 2024

IBM tells managers to move near an office — or quit

Those who don't agree or are unable to secure a role that’s approved to be remote must 'separate from IBM'International Business Machines Corp. delivered a companywide ultimatum to managers who are still working remotely: move near an office or leave the com...

Source: Financialpost February 03, 2024

Opinion: Dithering by Canada Revenue Agency leads to million-dollar loss

If your deadline for submitting paperwork is a holiday, the law gives you a day's grace. But not so for the CRA, the courts sayBy Allan Lanthier We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other vide...