Daily News

Source: Financialpost November 14, 2022

Elon Musk complains he has 'too much work' after taking over Twitter

'The amount that I torture myself is next-level, frankly' The fear Tesla Inc. investors had as soon as Elon Musk made his bid for Twitter Inc. has come to fruition: he’s taken on more than he should. We apologize, but this...

Source: Financialpost November 14, 2022

Unlimited flights between India and Canada given green light in move to rekindle trade ties

Previously each country was limited to 35 flights per week Transport Minister Omar Alghabra announced that the government will allow an unlimited number of flights from designated airlines between Canada and India, significantly expanding a dea...

Source: Financialpost November 13, 2022

Vermilion Energy suspends share buybacks in the face of EU windfall tax

The retroactive tax could cost the Calgary company between $650 million to $750 million over two years Vermilion Energy Inc. has announced it will suspend its share buyback program as the international oil and gas producer contends with the imp...

Source: Financialpost November 13, 2022

'This is not a crash by any stretch of the imagination:' CIBC's Benjamin Tal on our slowing housing market

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC Here are the FP v...

Source: BNN Bloomberg November 12, 2022

Shopify posted its biggest trading day gain in more than two years

E-commerce platform Shopify Inc. posted its biggest trading day gain in more than two years on Thursday. The Ottawa-based company closed up by $6.88, or 16.47 per cent, at $48.65 per share. Sign up to get breaking news email alerts sent directly to y...

Source: BNN Bloomberg November 12, 2022

Ontario Teachers' Pension Plan invested US$95M into failing crypto platform FTX

The Ontario Teachers' Pension Plan says it invested US$95 million into failing cryptocurrency exchange platform FTX Trading. Rival exchange platform Binance pulled out of a deal to purchase FTX due to significant concerns, sending cryptocurrency prices fal...

Source: BNN Bloomberg November 12, 2022

U.S. stocks cap best week since June; tech regains mojo

U.S. stocks gained surer footing after a choppy morning session, extending a rally sparked by a slowdown in inflation. The dollar fell, declining for a fourth week. The S&P 500 closed near session highs in the biggest weekly gain since June. The tech-heavy...

Market Call Source: BNN Bloomberg November 12, 2022

Ryan Bushell's Top Picks: November 11, 2022

Ryan Bushell, president and portfolio manager, Newhaven Asset Management FOCUS: Canadian dividend stocks  MARKET OUTLOOK: Markets continue to search for tangible signs of stability which are proving elusive. Economic data remains stubbornly strong...

Source: BNN Bloomberg November 12, 2022

The Week Ahead: Earnings from Loblaw, Lowes; CPI data due

Monday, November 14 Notable data: Construction Investment, New Motor Vehicle Sales, BoC Senior Loan Officer Q3 Survey Notable earnings: Tyson Foods, Turquoise Hill Resources, MCAN Mortgage, Ivanhoe Mines, K92 Mines, H&R REIT Ontario Fall Economic St...

Source: BNN Bloomberg November 12, 2022

TSX recap: Index closes 0.61% higher

The S&P/TSX composite continued its rally Friday, rising more than 120 points and closing above 20,000 points for the first time since late August, while U.S. markets also rose. The S&P/TSX composite index was up 121.15 points, or 0.61 per cent, at 20,111....