Daily News

Source: BNN Bloomberg May 02, 2023

The Week Ahead: FOMC set to begin; earnings from Starbucks

Monday, May 1 Notable data: Bloomberg Nanos Confidence, S&P Global Canada Manufacturing PMI, U.S. Construction Spending, ISM Manufacturing PMI Notable earnings: Corby Spirit and Wine, Cargojet, Dye & Durham, Chegg, MGM Resorts Int’l, TMX Group, MEG...

Source: BNN Bloomberg May 02, 2023

Possible pause in U.S. rate hikes could boost tech sector optimism: Analyst

Several technology giants have posted strong quarterly results this earnings season despite dealing with uncertain economic activity, and one analyst says the latest push for the sector could come from the anticipated pause in rate hikes from the U.S. Federal...

Market Call Source: BNN Bloomberg May 02, 2023

Kim Bolton's Top Picks: May 1, 2023

Kim Bolton, president and portfolio manager, Black Swan Dexteritas FOCUS: Technology stocks  MARKET OUTLOOK: We’ve repeatedly said when the current U.S. Federal Reserve tightening process pauses, probably due to cooling inflationary signals, equity...

Source: BNN Bloomberg May 02, 2023

Billion-dollar corporate bond deals hit Treasuries

A renewed bout of selling hit the Treasury market, with factory data bringing little comfort on the inflation front and a handful of companies offering bonds ahead of the Federal Reserve decision. As Wall Street gears up for the Fed’s 10th consecutive rate...

Source: BNN Bloomberg May 02, 2023

TSX recap: Index finishes lower amid losses in energy stocks

Weakness in energy stocks drove Canada's main stock index to dip on Monday, while U.S. stock markets also fell to start the trading week. The S&P/TSX Composite Index was down 21.44 points, or 0.10 per cent, at 20,615.10. In New York, the Dow Jones Indus...

Source: Financialpost May 02, 2023

Public sector workers reach deal with government, ending strike

Treasury Board employees set to return to work, but Canada Revenue Agency workers still out Canada reached agreement for a new wage deal with the Public Service Alliance of Canada (PSAC) union representing 120,000 federal workers, the union sai...

Source: Financialpost May 02, 2023

WestJet closes SunWing deal, expanding its footprint in eastern Canada

SunWing vacation offerings will be extended to five new Canadian cities WestJet Airlines Ltd. has completed its acquisition of Sunwing Vacations and Sunwing Airlines, the company announced May 1, nearly two months after the federal government g...

Source: Financialpost May 02, 2023

Turbulent skies as Air Canada pilots support union merger, WestJet strike deadline nears

American Airlines pilots back job action mandate North American pilots took fresh steps on May 1 to press for workforce gains, with American Airlines Group Inc. pilots backing a strike mandate and Air Canada pilots supporting a merger with a la...

Source: Financialpost May 02, 2023

Posthaste: Ouch, Toronto homeowners' cost of living has soared almost 60% in just one year

Canada's biggest city isn't just expensive for homeowners. Renters' costs have soared 22% We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Post...

Economy Source: Financialpost May 02, 2023

Theo Argitis: PSAC strike may be over, but workers' fight with inflation was already lost

Once inflation surges, the die is cast and the fight lost for labour Most of the federal public servants who went on strike a couple of weeks ago were back at work on May 1, after the Public Service Alliance of Canada (PSAC) reached a tentative...