Daily News

Source: BNN Bloomberg February 25, 2023

TSX recap: Index closes higher amid strength in energy and financial stocks

Canada's main stock index held firm Friday, buoyed by sturdy energy and financial sectors but offset by dips in other areas, while U.S. markets fell. The S&P/TSX Composite Index nudged up 31 points, or 0.15 per cent, to 20,219.19. In New York, the Dow J...

Market Call Source: BNN Bloomberg February 25, 2023

Eric Nuttall's Top Picks: February 24, 2023

Eric Nuttall, partner and senior portfolio manager, Ninepoint Partners FOCUS: Energy stocks  MARKET OUTLOOK: Sentiment remains weak due to ongoing recessionary fears and disappointment over (so far) loss of Russia production, further fueled by seemin...

Source: BNN Bloomberg February 25, 2023

​ETFs: Three hot picks from Aniket Ullal

Investors who want to continue to put their money in the markets despite recession risks could find some solace in the exchange-traded-funds (ETF) space, one financial expert advised.    Speaking with BNN Bloomberg's Amber Kanwar on Friday, Aniket Ullal, hea...

Source: BNN Bloomberg February 25, 2023

The Week Ahead: GDP release; Canadian bank earnings continue

Saturday, February 25 Notable earnings: Berkshire Hathaway 0800: Berkshire Hathaway Inc.’s 2022 Annual Report to shareholders will be posted www.berkshirehathaway.com Monday, February 27 Notable data: Current Account Balance, U.S. Durable G...

Source: Financialpost February 25, 2023

Barrie a hotbed of economic activity as Ontario city prepares for massive population growth

This article is Sponsored This story was created by Content Works, Postmedia’s commercial content division, on behalf of a client. by Invest Barrie In the vibrant, rapidly growing city of Barrie, ON, strategic investment...

Source: Financialpost February 25, 2023

'Holding ourselves accountable': Tim Hortons' parent RBI to start releasing earnings per restaurant

New RBI chief executive set to take over on March 1 Tim Hortons‘ parent company will start publicly releasing average earnings results for its restaurant brands going forward in a bid to visibly measure the success of its franchisees as a newly...

Source: Financialpost February 25, 2023

CIBC beats expectations despite profit drop as bank earnings kick off

Capital markets profit surges 13% despite volatility The Canadian Imperial Bank of Commerce saw higher revenue across most of its business lines and beat analyst expectations in the first quarter but posted a drop in net income on higher loan-l...

Source: Financialpost February 25, 2023

Terence Corcoran: Ottawa needs to fix foreign homebuyer ban

Sources in the real estate legal community suggest Ottawa has seriously bungled its property ownership measures My last column, wittily headlined “Property rights? No way, man. This is Canada!”, reviewed attacks on the rights of property owners...

Source: Financialpost February 25, 2023

David Rosenberg: Time to call it the way I see it — the earnings recession is underway

Why am I the only one (almost) seeing the castles built on sand? I have published a daily piece since 1998, but I’m really a big picture guy when all is said and done. The investment community has turned into a bunch of trading junkies over the...

Source: BNN Bloomberg February 24, 2023

U.S. stocks snap back with nerves frayed ahead of PCE

Tech led stock gains in a jittery session before inflation data that will help shape the views on whether a soft landing is on the table amid the Federal Reserve’s most-aggressive tightening campaign in a generation. After erasing a rally of almost 1 per c...