Daily News

Source: Financialpost May 07, 2023

Shopify cuts, Fed hikes, TD walks away: Here are the week's top 7 stories

Watch Financial Post reporter Stephanie Hughes count down the stories that made headlines Get the latest from Stephanie Hughes straight to your inbox Sign Up Stephanie Hughes, finance reporter for the Financial Post, walks you through...

Source: Financialpost May 07, 2023

U.S. company touts Calgary apartment tower sale to investors as bet on tight Canadian housing market

Seeking to sell a 462-unit rental building Hines, a real estate company with nearly US$96 billion in assets under management, is pitching international investors on a Canadian apartment building deal as a way to bet on the country’s tight housi...

Source: Financialpost May 07, 2023

TD Bank-First Horizon deal meltdown leaves traders scrambling for protection

Bank scrap proposed takeover Merger arbitrage traders were expecting hiccups in Toronto-Dominion Bank’s proposed takeover of First Horizon Corp., but they were unprepared for what happened on May 5 when the US$13.4 billion transaction melted do...

Source: BNN Bloomberg May 06, 2023

​Investment opportunities: Three fast-food stocks to watch

Investors who are looking for stock picks amid an uncertain economic background could find opportunities within the fast-food sector as consumers become more cautious on spending, one analyst says.   Speaking with BNN Bloomberg’s Amber Kanwar on Friday, Nic...

Market Call Source: BNN Bloomberg May 06, 2023

Brooke Thackray's Top Picks: May 5, 2023

Brooke Thackray, research analyst, Horizons ETF Management Canada FOCUS: Seasonal investing and technical analysis MARKET OUTLOOK: There are currently a lot of headwinds for the stock market. Leading economic indicators continue to point to an econ...

Source: BNN Bloomberg May 06, 2023

Bruised banks fuel short-covering rally in U.S. stocks

The chaotic week for financial markets ended with a rally in risk assets — possibly driven by short-covering — as regional banks rebounded from a brutal rout and solid jobs data tempered fears of a recession. Treasuries fell. A rally in equities halted the...

Source: BNN Bloomberg May 06, 2023

The Week Ahead: Earnings from Air Canada, Brookfield Asset Management, Canadian Tire

Saturday, May 6 Notable earnings: Berkshire Hathaway Berkshire Hathaway’s Annual Shareholder Meeting Monday, May 8 Notable data: Bloomberg Nanos Confidence, U.S. Wholesale Trade Notable earnings: Suncor Energy, Tyson Foods, Six Flags Ente...

Source: Financialpost May 06, 2023

Data's mixed messages complicates Bank of Canada's search for 'sweet spot'

Central bank received mixed signals about the strength of the economy this week Bank of Canada governor Tiff Macklem received mixed signals about the strength of the economy this week, further complicating an already difficult decision on wheth...

Source: Financialpost May 06, 2023

Posthaste: This Canadian province is among world's top 3 best regions for mining investment

Three provinces make top 10, according to Fraser Institute We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: This Canadian province...

Source: Financialpost May 06, 2023

'Some of you will leave Shopify today': What to know about the tech giant's latest layoffs

Canadian e-commerce company cuts 20% of workforce and sells unit once strategic to the business Two and a half months ago, Shopify Inc. president Harley Finkelstein said the company wasn’t planning any more layoffs after slashing 10 per cent of...