Daily News

Source: Financialpost June 12, 2024

Canadian investor inspired by Warren Buffett sinks after founder sells

Tiny Ltd. lost about $80 million in market capitalization by the end of trading on MondayCanadian holding company Tiny Ltd. plunged 16 per cent on Monday after its founders stepped down as co-chief executives and one of them said he’d sell millions of shares...

Source: Financialpost June 12, 2024

National Bank to accelerate domestic growth with the acquisition of Canadian Western Bank

This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire GlobeNewswire...

Source: Financialpost June 12, 2024

Pierre Poilievre opposes capital gains hike, promises new tax cut

Vote is still expected to pass easily with the support of the NDPReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Conservative Leader...

Source: Financialpost June 12, 2024

National Bank to buy Canadian Western Bank

Share exchange values the Edmonton-based lender at approximately $5 billionMONTREAL — National Bank of Canada says it is purchasing Canadian Western Bank in a share exchange that values the Edmonton-based lender at approximately $5 billion. We apologize,...

Source: BNN Bloomberg June 11, 2024

RBC's Calvasina sees risk of S&P 500 sinking 8% if no Fed cut

Investors remain too optimistic about the timing of a U.S. Federal Reserve interest-rate cut, according to RBC Capital Markets strategists, who see the risk of an eight per cent slump in U.S. stocks if easing fails to materialize this year. The team led by...

Source: BNN Bloomberg June 11, 2024

Markets today: U.S. stocks eke out gains in Fed run-up as Euro falls

Stocks eked out gains in a cautious session that saw investors positioning for the Federal Reserve decision and key inflation data. Apple Inc. slid even after unveiling new artificial-intelligence features. As traders braced for volatility ahead of U.S. ma...

Market Call Source: BNN Bloomberg June 11, 2024

Rebecca Teltscher's Top Picks: June 10, 2024

Rebecca Teltscher, portfolio manager, Newhaven Asset Management FOCUS: Canadian dividend stocks  MARKET OUTLOOK: Our portfolio has remained extremely conservative and defensive despite market optimism this year. We are extremely cautious in the nea...

Source: BNN Bloomberg June 11, 2024

Chip stocks lose shine as hedge funds snap up software instead

Hedge funds made an about-face last week dumping semiconductor stocks — beneficiaries of the artificial intelligence boom — while snatching up software. Fund managers net sold U.S. technology stocks for the third straight week, according to Goldman Sachs G...

Source: BNN Bloomberg June 11, 2024

Brookfield sells Conrad hotel for US$415 million to ARA Korea

Brookfield Asset Management agreed to sell the Conrad hotel in Seoul to ARA Korea REF, a real estate fund, for US$415 million.   The $925 billion alternative asset manager acquired the five-star hotel, which is part of the International Finance Center prop...

Company News Source: BNN Bloomberg June 11, 2024

Apple debuts long-awaited AI tools, including ChatGPT tie-up

Apple Inc. announced its long-awaited new artificial intelligence features, including tools supported by OpenAI’s ChatGPT, promising to deliver technology that’s personalized, safe and deeply integrated into the iPhone maker’s software.  The platform, call...