Daily News

Source: Financialpost November 21, 2022

Diane Francis: Elon Musk must be held accountable for Twitter

Governments must put Musk on notice that Twitter will be regulated if more persecution, hate, bullying, fraud, propaganda, trolling, or libel is permitted Elon Musk is the richest man in the world and he just paid US$44 billion to buy Twitter I...

Work Source: Financialpost November 21, 2022

'Nobody wants that job': Some businesses are turning to robots to solve labour shortage woes

Hiring problems have forced some to embrace automation, but business investment faces headwinds in a slowing economy Five years ago, if someone asked Ottawa restaurateur Amir Rahim if he’d consider swapping out his $10,000 Cimbali espresso mach...

Work Source: Financialpost November 21, 2022

Country's biggest union to keep demanding wage hikes, squeezing Bank of Canada

Lana Payne says workers need to be compensated for damage already done to their purchasing power Canada’s largest private-sector union doesn’t plan to ease up on wage demands despite signs inflation is easing off peak levels, complicating the B...

Source: BNN Bloomberg November 19, 2022

Ontario Teachers writes off FTX stake, citing potential fraud

Ontario Teachers’ Pension Plan said it will write down its stake in FTX to zero, taking a US$95 million loss barely a year after making its first investment in Sam Bankman-Fried’s now-bankrupt cryptocurrency exchange.  Sign up to get breaking news email...

Source: BNN Bloomberg November 19, 2022

U.S. stocks eke out gains; oil tumbles as demand slows

U.S. stocks ended with a slight gain Friday after shrugging off Federal Reserve warnings that there was more policy tightening to come. Oil futures fell on signs that the market is currently awash in supply. The S&P 500 Index added 0.5 per cent  Friday to...

Source: BNN Bloomberg November 19, 2022

Ontario Teachers leads bidding for SSE Networks stake

Ontario Teachers’ Pension Plan Board is emerging as the frontrunner to acquire a stake in SSE Plc’s multibillion-pound electricity networks, people with knowledge of the matter said.  The Canadian pension fund is negotiating terms of a deal to invest in SS...

Market Call Source: BNN Bloomberg November 19, 2022

Christine Poole's Top Picks: November 18, 2022

Christine Poole, chief executive officer and managing director, GlobeInvest Capital Management FOCUS: North American large cap stocks  MARKET OUTLOOK: Financial markets are being swayed by data points and commentaries that may provide insight into...

Source: BNN Bloomberg November 19, 2022

The Week Ahead: Earnings from Alimentation Couche-Tard; retail sales data due

Monday, November 21 Notable earnings: JM Smucker, Dell Technologies, Zoom Video Communications Tuesday, November 22 Notable data: Retail Sales, New Housing Price Index Notable earnings: Alimentation Couche-Tard, George Weston, Canadian Sola...

Source: BNN Bloomberg November 19, 2022

Bank of America sees bear rally fizzling out even as equity inflows surge

Investors flocked back into equities at the fastest pace in about eight months on signs of cooling inflation, but Bank of America Corp. strategists warn the rally will fizzle out due to earnings risks and staunchly hawkish central banks. Global stock funds...

Source: BNN Bloomberg November 19, 2022

TSX recap: Index finishes 0.48% higher amid strength in telecom stocks

Canada's main stock index gained almost 100 points Friday, boosted by strength in industrials and telecom, while U.S. markets were also up.  The S&P/TSX Composite Index was up 96.33 points, or 0.48 per cent, at 19,980.91. Sign up to get breaking news...