Daily News

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,...

Source: Financialpost March 02, 2023

Terence Corcoran: Grocery chains should take on Bank of Canada

Maybe Galen Weston should go after the bank’s leftist views on competition The established media approach to rising food prices and the role of Canada’s grocery chains is to send a reporter out to a local supermarket and ask consumers what they...

Source: Financialpost March 02, 2023

Posthaste: 'The damage is real' — Foreign homebuyer ban causing upheaval in real estate industry

Legislation is blocking real estate developments, CIBC says Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page....

Source: BNN Bloomberg March 01, 2023

S&P 500 wraps up turbulent month near lows of day

Stocks dropped during the last stretch of Tuesday’s session and bonds pared earlier losses as investors rounded out a brutal month for both assets with low-conviction moves. The S&P 500 suffered a February drop of 2.6 per cent. The Nasdaq 100 also didn’t m...