Daily News

Economy Source: Financialpost March 01, 2024

Canada's economy grows more than expected, dodging recession

Stronger growth supports case for Bank of Canada to hold interest rates steady until June Get the latest from Naimul Karim straight to your inbox Sign Up The Canadian economy has dodged a recession as gross domestic product edged up in the fourth quar...

Economy Source: Financialpost March 01, 2024

'Bottom still isn't falling out of the economy': What economists make of the GDP data

Grows one per cent in final quarter of 2023The Canadian economy hung tough in the final quarter of last year, expanding one per cent on annualized basis after contracting in the third quarter, Statistics Canada said on Feb. 29. We apologize, but this...

Source: BNN Bloomberg February 29, 2024

Parkland Corp. sees earnings rise in fourth quarter despite lower sales

Parkland Corp. says it earned $86 million in its fourth quarter, up from $69 million a year earlier. The Calgary-based company says earnings per diluted share were 48 cents, up from 39 cents during the same quarter the year before.  Sales and operating...

Source: BNN Bloomberg February 29, 2024

Economic environment impacting Canadian investor sentiment: survey

Economic uncertainty is weighing on the sentiment of Canadian investors, with most saying they are concerned about their investments, a new survey found.  Results from the Scotia Global Asset Management Investor Sentiment survey, released Wednesday, found...

Market Call Source: BNN Bloomberg February 29, 2024

Jeff Parent's Top Picks: February 28, 2024

Jeff Parent, chief investment officer at Castlemoore FOCUS: Technical analysis  MARKET OUTLOOK: There are a lot of worrisome technical indicators flashing now. The markets are looking very overbought after about a 25-per-cent rally from October. Vo...

Source: BNN Bloomberg February 29, 2024

TSX recap: Index dip 0.35% on weakness in metals

Canada's main index moved lower Wednesday, led by weakness in base metals, while U.S. markets also continued to move down from last week's highs.  The S&P/TSX Composite Index closed down 75.13 points, or 0.35 per cent, at 21,243.77. In New York, the Dow...

Source: BNN Bloomberg February 29, 2024

Salesforce outlook disappoints as AI fails to spark growth

Salesforce Inc. provided an outlook for annual sales that fell short of estimates, suggesting new artificial intelligence features for its software have yet to spur growth. The shares declined about 4 per cent in extended trading. Revenue will increase abo...

Source: BNN Bloomberg February 29, 2024

Markets today: U.S. stocks decline in run-up to key inflation report

Wall Street traders bracing for key inflation data waded through mixed economic figures and remarks from Federal Reserve speakers for clues on the interest-rate outlook. Equities saw small losses after a report showed the U.S. economy expanded at a slower...

Economics Source: BNN Bloomberg February 29, 2024

'Healthy earnings': Portfolio manager reacts to RBC, National Bank Q1 results

First-quarter earnings season for Canada’s largest banks continued on Wednesday, with the Royal Bank of Canada and National Bank each beating analyst expectations, as an expert says the results bode well for the financial sector. Nate Thooft, chief investm...

Company News Source: BNN Bloomberg February 29, 2024

Spin Master Corp. reports US$30.1 million loss in fourth quarter as revenues rise

Spin Master Corp. reported a loss of US$30.1 million in the fourth quarter, compared with a loss of US$13.8 million a year earlier. The Toronto-based toy and entertainment company says revenues rose to US$502.6 million, up from $465.8 million during the sa...