Daily News

Technology Source: BNN Bloomberg April 28, 2023

Intel rallies after giving hope of recovery in second half

Intel Corp. shares jumped after the chipmaker promised a recovery in the second half, leading investors to look past a disappointing forecast for profitability in the current quarter. The company predicted a return to free cash flow in the second half and...

Source: Financialpost April 28, 2023

Pierre Poilievre urges Trudeau government to block Glencore's bid to buy Teck

Conservative leader says 'hostile foreign takeover' would threaten jobs and critical resources Get the latest from Naimul Karim straight to your inbox Sign Up Pierre Poilievre, leader of the Conservative party, is calling for the fede...

Source: Financialpost April 28, 2023

Quebec faces big electricity shortfall after wooing U.S. to buy cheap hydro power

Export deals a 'strategic mistake' The region that produces North America’s cheapest power faces a threat that seemed impossible just a few years ago — running short of electricity. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscrib...

Source: Financialpost April 28, 2023

Opinion: We’re deeper in debt than Ottawa lets on

Canada’s debt position isn’t so enviable after all By Jake Fuss and Milagros Palacios THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articl...

Source: Financialpost April 28, 2023

Why is remote work a major sticking point in PSAC negotiations? What you need to know

PSAC wants remote work to be enshrined in contracts, but Ottawa calls that a 'red line' The issue of remote work continues to be a sticking point in negotiations between the Public Service Alliance of Canada (PSAC) and Ottawa as federal employe...

Source: Financialpost April 28, 2023

Population boom proves wild card in Bank of Canada rate decision

Surging immigration could be making the labour market look tighter than it actually is Get the latest from Stephanie Hughes straight to your inbox Sign Up The Bank of Canada‘s leaders spent “considerable time” discussing the country’s...

Source: BNN Bloomberg April 27, 2023

​TSX recap: Index finishes lower amid losses in industrials stocks

Canada's main stock index was down at the market close on Wednesday, driven by drops in industrials and energy stocks, while U.S. stock markets were mixed. The S&P/TSX Composite Index was down 73.15 points, or 0.36 per cent, at 20,366.72. In New York, t...

Source: BNN Bloomberg April 27, 2023

U.S. stocks slide as bank woes counteract tech earnings

U.S. stocks ended lower as fresh concerns about the health of American regional lenders dragged down bank shares, even as big-tech earnings helped support broader sentiment. The S&P 500 retreated 0.4 per cent as First Republic Bank’s woes deepened Wednesda...

Source: BNN Bloomberg April 27, 2023

The space economy is 'a huge area of opportunity': Venture capitalist

Space as a category of investment is still in the early development stages but weakness in technology and venture capital is weighing on the emerging industry, according to a partner at a space-themed venture capital firm.  Chad Anderson, a managing partne...

Source: BNN Bloomberg April 27, 2023

Meta surges as sales, forecast beat estimates on ad recovery

Meta Platforms Inc. shares surged after the social media company reported first-quarter revenue that exceeded analysts’ estimates and signaled the beginnings of a recovery in digital advertising. First-quarter sales rose to US$28.6 billion — a return to gr...