Daily News

Source: BNN Bloomberg May 18, 2024

Bitcoin's correlation with tech stocks jumps to highest level since August

Bitcoin was lumped in with other speculative investments during the run-up of the U.S. Federal Reserve’s last tightening cycle, slumping on expectations higher interest rates would damp the appetite for risk. Now with optimism growing again that borrowing cos...

Market Call Source: BNN Bloomberg May 18, 2024

David Burrows' Top Picks: May 17, 2024

David Burrows, president and chief investment strategist, Barometer Capital Management FOCUS: North American large caps MARKET OUTLOOK: Barometer continues to be positive on the outlook for equities and commodities as a way to benefit from a reflat...

Source: BNN Bloomberg May 18, 2024

The Week Ahead: TD Bank earnings, Canadian inflation data due

Monday, May 20 Canadian markets closed for Victoria Day holiday Tuesday, May 21 8:30 a.m. Canada Consumer Price Index (April) Earnings: Lowe’s, AutoZone Wednesday, May 22 2:00 p.m. U.S. FOMC minutes Earnings: Target, TJX, NVIDI...

Source: BNN Bloomberg May 18, 2024

Revival of meme-stock frenzy points to a frothy U.S. stock market

This week’s meme-stock pop is a sign that U.S. equity markets are frothy and potentially peaking, according to the latest Bloomberg Markets Live Pulse survey. GameStop Corp. and AMC Entertainment Holdings Inc., two darlings of the meme-stock mania of 2021,...

Source: BNN Bloomberg May 18, 2024

Gildan investors should back browning and reinstate fired CEO, ISS says

Gildan Activewear Inc. shareholders should vote for all eight board nominees put forward by activist investor Browning West LP, including the chief executive officer who was fired by the board last year, proxy advisory firm Institutional Shareholder Services...

Source: BNN Bloomberg May 18, 2024

ISS supports Gildan nominees put forward by activist shareholder Browning West

Institutional Shareholder Services Inc. is throwing its support behind a slate of board nominees and a former chief executive that dissident Gildan Activewear Inc. shareholders have been fighting to see run the company. ISS, a prominent advisory service, i...

Source: Financialpost May 18, 2024

U.S. tariffs on the EV supply chain pose policy dilemma for Canada

Canadian companies now have more incentive to sell south of the border than in their own country Get the latest from Gabriel Friedman straight to your inbox Sign Up Eric Desaulniers, chief executive of Montreal-based Nouveau Monde Graphite Inc., figur...

Source: Financialpost May 18, 2024

FP Answers: Should I pay myself dividends from my company to avoid CPP premiums?

Passing on the premiums might save money today but cost you retirement income in the futureReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this...

Source: Financialpost May 18, 2024

Chinese-made Teslas land in Canada due to Biden's tariff wall

44,000 Teslas arrived from China at the port of Vancouver last yearThe Biden administration is quadrupling U.S. tariffs on electric vehicles manufactured in China. But Chinese-made cars are still finding their way into a receptive North American market — jus...

Source: Financialpost May 18, 2024

Would-be homebuyers are in limbo and only the Bank of Canada can free them

Robert McLister: Buyers are sitting on their wallets and it looks like rate cuts are the only thing that will change thatIt’s Canada’s worst-kept economic secret. We apologize, but this video has failed to load. Try refreshing your browser, ortap here...