Daily News

Source: BNN Bloomberg April 26, 2023

Microsoft profit, sales top estimates on strong cloud demand

Microsoft Corp.’s third-quarter profit and sales surpassed projections, fueled by resilient corporate demand for its mainstay cloud-computing software and services. Shares jumped more than 5 per cent in late trading. Profit was US$2.45 a share in the perio...

Company News Source: BNN Bloomberg April 26, 2023

CN Rail unveils new continental shipping service in bid to match rival's vast network

Canadian National Railway Co. announced a new North American container shipping service Monday, upping its financial forecast for the year on the heels of record first-quarter revenues brought on by a bumper grain crop and higher oil prices. Dubbed Falcon...

Source: BNN Bloomberg April 26, 2023

​TSX recap: Index finishes 1.15% lower amid losses in energy stocks

Canada's main stock index was down more than 200 points Tuesday with broad-based losses led by energy, while U.S. markets also fell.  The S&P/TSX Composite Index was down 236.87 points, or 1.15 per cent, at 20,439.87. In New York, the Dow Jones Industri...

Source: BNN Bloomberg April 26, 2023

Visa sees international travel spending unexpectedly accelerate

Visa Inc. saw overseas spending on the firm’s cards unexpectedly accelerate in the first three months of the year, as the payments giant benefited from an increase in global travel.  Cross-border volume jumped 24 per cent in the fiscal second quarter, topp...

Source: BNN Bloomberg April 26, 2023

First Quantum Minerals sees earnings drop in Q1 amid production disruptions

First Quantum Minerals Ltd. says it earned US$75 million in the first quarter of 2023, down more than 80 per cent from $385 million for the same quarter a year earlier. The Toronto-based company said it saw a difficult first quarter, with production at its...

Source: Bankofcanada April 26, 2023

Summary of Governing Council deliberations: Fixed announcement date of April 12, 2023

This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on April 12, 2023. This summary reflects d...

Source: Financialpost April 26, 2023

Tucker Carlson learns that no star is bigger than Fox News

A career on a smaller, rival network or a run for office may await former Fox star Ever since the voting machines maker Dominion Voting Systems Corp. secured a blockbuster settlement last week in its libel suit against Fox News, it felt inevita...

Source: Financialpost April 26, 2023

Real estate woes weigh on Brookfield after December spinoff

Brookfield shares have dropped 7% since its restructuring as the market penalizes company for office assets Brookfield Corp. undertook a major restructuring last year to try to get a better valuation. Concerns about office real estate are getti...

Source: Financialpost April 26, 2023

CN says rail traffic shows recession has already started

Volumes down 6% so far this month, 'reflecting weakness in the economy' Get the latest from Jake Edmiston straight to your inbox Sign Up The country’s biggest railroad thinks the landing from surging inflation and higher interest rate...

Source: Financialpost April 26, 2023

William Watson: If federal workers were really hard done by, they’d quit more often

Federal workers don’t seem to understand that they have it pretty good already “People hate us,” one unusually perceptive federal civil servant told the Ottawa Citizen’s Bruce Deachman from the picket line last week. Any chance of winning the h...