Daily News

Source: BNN Bloomberg March 02, 2023

S&P 500 slumps to lowest in nearly six weeks

U.S. stocks dropped for a second session as investors revisited their wagers on peak rates after economic data highlighted persistent inflationary pressures and Federal Reserve officials continued to sound hawkish. The S&P 500 closed the day at its lowest...

Source: BNN Bloomberg March 02, 2023

​Recycling gold? Oxford researcher says it's something to consider

Investors often seek safety in gold, especially during inflationary times, but one expert says instead of mining it, reusing what is already above ground should be considered.   A circular gold economy would involve the transition out of gold mining to inst...

Market Call Source: BNN Bloomberg March 02, 2023

Brendan Caldwell's Top Picks: March 1, 2023

Brendan Caldwell, president and chief executive officer, Caldwell Investment Management FOCUS: North American large cap stocks   MARKET OUTLOOK: Equity markets rallied sharply in the beginning of this year following their dismal performance last ye...

Source: BNN Bloomberg March 02, 2023

Banks pricing in a 'more dire' economic situation, which is good for future stock price: Investor

The economy isn’t as bad as Canadian banks are pricing in and this is a good sign for the future of the sector, according to one Bay Street investor. In an interview with BNN Bloomberg on Wednesday, Gordon Reid, president and CEO of Goodreid Investment Cou...

Source: BNN Bloomberg March 02, 2023

Using artificial intelligence to invest: Three commodity stocks from Huw Roberts

Artificial intelligence is aiding one financial expert to find undervalued stocks within the commodities sector.    Speaking with BNN Bloomberg's Amber Kanwar on Wednesday, Huw Roberts, head of analytics at Quant Insight, said his firm is using artificial i...

Source: BNN Bloomberg March 02, 2023

TSX recap: Index finishes higher amid gains in energy and metal stocks

Canada's main stock index climbed higher Wednesday, riding a tide of energy and metal sector gains despite losses in the financial and technology sectors, while U.S. stock markets were mostly in the red. The S&P/TSX Composite Index rose 38.59 points, or 0....

Source: Financialpost March 02, 2023

Enbridge bets there's a future for oil and gas with $3.3 billion worth of new projects

Includes US$240 million for a heavy-oil terminal in Houston Pipeline giant Enbridge Inc. announced $3.3 billion in new spending on a trove of projects, including an oil terminal in Texas that could become an outlet for increased Canadian crude...

Source: Financialpost March 02, 2023

RBC beats expectations despite profit drop due to higher bad-loan provisions

Earnings grew across core banking business and capital markets segments Record capital markets revenue helped the Royal Bank of Canada beat expectations in its first quarter earnings, but it was not enough to fully assuage analysts and investor...

Source: Financialpost March 02, 2023

Howard Levitt: New Brunswick doctor's record $1.8-million severance award provides lessons for employers

Employers should almost never provide term contracts as they generally result in higher severance awards The largest severance award in New Brunswick history was awarded in February to Dr. John Dornan, in a case in which I had the opportunity t...

Source: Financialpost March 02, 2023

Alphabet's Waymo cuts more than 100 jobs in second round of layoffs

Alphabet Inc’s self-driving technology unit, Waymo, laid off 137 employees, in its second round of job cuts this year, the firm told Reuters on Wednesday, bringing total cuts for the year to 8% of its workforce. We apologize,...