Daily News

Source: BNN Bloomberg May 04, 2023

China restricts overseas access to corporate registry databases

Chinese financial data providers have recently stopped providing detailed information on the nation’s companies to overseas clients, underscoring the growing difficulty foreign firms face when trying to obtain data that Beijing may deem sensitive.   Wind I...

Source: BNN Bloomberg May 04, 2023

Parkland sees earnings rise 40 per cent in first quarter of 2023

Parkland Corp. says it earned $77 million in the first quarter of 2023, up 40 per cent from $55 million a year earlier. The Calgary-based convenience store operator and fuel retailer says sales and operating revenue for the quarter ended March 31 were $8.2...

Source: Bankofcanada May 04, 2023

Getting inflation back to 2%

Governor Tiff Macklem explains that higher interest rates are working to slow inflation but warns that getting all the way back to the 2% target may take time. He...

Source: Financialpost May 04, 2023

Gwyn Morgan: The public-private pay gap remains

As public-sector workers try to justify their excessive wage demands, private-sector workers struggle with the rising cost of groceries The Public Service Alliance of Canada (PSAC) walkout that essentially ended Monday had been brewing since la...

Source: Financialpost May 04, 2023

Entrepreneur launches new home retailer in former Bed Bath & Beyond stores

Doug Putman is taking over a third of the defunct retailer's locations in Canada for his own brand — rooms + spaces Serial entrepreneur Doug Putman, the man who revived dying brands like Toys “R” Us Canada Ltd., is launching a “better” version...

Source: Financialpost May 04, 2023

Posthaste: Homeowners buckling under high interest rates as mortgage rates balloon

Many anxious higher rates will lead to bigger payments come renewal time We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Homeowner...

Economy Source: Financialpost May 04, 2023

Trudeau's immigration policy worsening housing affordability crisis: Rosenberg

For housing market to normalize, home prices would need to correct by nearly 30%, David Rosenberg says Ottawa’s lofty immigration targets are exacerbating Canada’s housing affordability crisis that could create an “unstable situation” while pos...

Source: BNN Bloomberg May 03, 2023

Wall Street rattled by 15% tumble in pair of banks

Just a day after Wall Street breathed a sigh of relief with the rescue of First Republic Bank, a selloff in U.S. regional lenders fueled renewed anxiety over financial stability, sinking stocks across the board and spurring a flight to the safest corners of t...

Source: BNN Bloomberg May 03, 2023

Bank stocks will do well coming out of a recession: Gordon Reid

The recent panic within the U.S. financial sector amid an uncertain global economic outlook has brought the price of bank stocks to attractive levels, one investment expert says. In this uncertain environment, both U.S. and Canadian bank stocks are being u...

Source: BNN Bloomberg May 03, 2023

Here are three undervalued Canadian stocks according to David Sekera

Some Canadian equities are being undervalued by investors, and one investment professional has zeroed in on which stocks might have the most upside potential. Speaking with BNN Bloomberg’s Amber Kanwar on Tuesday, David Sekera, chief U.S. market strategist...