Daily News

Source: Financialpost May 29, 2024

Bank of Canada rate cuts will take months to help consumers, Scotiabank says

Chief risk officer says it could take three quarters for cuts to make a differenceWhile expectations for lower borrowing costs are building, it will take as long as three quarters for interest-rate cuts “to really bear fruit” for bank customers, according to...

Source: BNN Bloomberg May 28, 2024

Markets today: U.S. stocks get lift from rate outlook, dollar dips

European shares edged higher in thin trading after a European Central Bank official signaled policy makers could consider successive rate cuts starting next month. Futures on the Nasdaq 100 climbed 0.4 per cent to a record high with U.S. markets closed. Ca...

Source: BNN Bloomberg May 28, 2024

Cheap European stock valuations are getting in the way of IPOs

European mid-sized stocks trading at cheap valuation levels is discouraging a number of more richly valued private companies from making the jump and listing on exchanges, investors say. After years of underperformance, mid-caps in Europe trade at the lowe...

Market Call Source: BNN Bloomberg May 28, 2024

Jason Del Vicario's Top Picks: May 27, 2024

Jason Del Vicario, portfolio manager at Hillside Wealth Management/iA Private Wealth FOCUS: North American and global growth stocks MARKET OUTLOOK: Our thoughts never waver, regardless of the macro backdrop. If anything, we favour challenging econo...

Source: BNN Bloomberg May 28, 2024

'Canadians are not as passive as you think': CIBC portfolio strategist on passive, index investors

One CIBC portfolio strategist says a shrinking active investor base could be disincentivizing initial public offers (IPOs).  During an interview with BNN Bloomberg on Monday, Ian de Verteuil, head of portfolio strategy at CIBC Capital Markets, said that ap...

Source: BNN Bloomberg May 28, 2024

Crypto traders eye Ether record, rising volatility from U.S. ETF hype

Bets on more Ether gains are intensifying following a surprise U.S. regulatory pivot toward allowing exchange-traded funds for the digital asset, even as questions swirl about the strength of demand for the products. The shift by the U.S. Securities & Exch...

Source: BNN Bloomberg May 28, 2024

Bets on Canada rate cut hold out hope for underperforming banks

Investors up and down Toronto’s Bay Street are increasingly betting on a June rate cut in Canada, potentially giving a boost to Canada’s long-suffering bank stocks. The S&P/TSX Banks index has gone up just 1.2 per cent this year, compared with a 6.8 per ce...

Company News Source: BNN Bloomberg May 28, 2024

CAE Inc. posts $484.3 million loss, says risk profile more balanced after changes

CAE Inc. says it lost $484.3 million in its fourth quarter, compared with profits of $101.9 million a year earlier. The Montreal-based flight simulator maker says revenues for the quarter ended March 31 were $1.1 billion, down from $1.2 billion during the...

Source: Financialpost May 28, 2024

Diane Francis: Russia's dangerous potential to unleash ecocide across Europe

Hostile occupation of nuclear sites could end in disasterRussia has devastated vast portions of Ukraine and killed or kidnapped thousands of civilians, but Russian “ecocide is now a tool of war,” said researcher Dr. Sasha Dovzhyk at a recent conference I att...

Source: Financialpost May 28, 2024

Lagging Canadian banks hold out hope for rate cuts

Analysts have bumped up chances of a June rate cut to 65%Investors up and down Toronto’s Bay Street are increasingly betting on a June rate cut in Canada, potentially giving a boost to Canada’s long-suffering bank stocks. We apologize, but this video...