Daily News

Source: BNN Bloomberg June 26, 2024

Canada bonds fall as traders pare rate cut bets on hot CPI data

Canadian bonds sold off after a hotter-than-expected inflation reading for May prompted traders to dial back wagers on the Bank of Canada cutting interest rates in July. The short-end of the curve led the retreat, with yields on policy-sensitive two-year n...

Source: BNN Bloomberg June 26, 2024

Markets today: tech lifts U.S. stocks as FedEx up in late hours

A rally in the world’s largest technology companies lifted stocks, with Nvidia Corp. climbing 7 per cent after a US$430 billion selloff. Equities extended their June advance as the giant chipmaker led gains in the “Magnificent Seven” cohort of megacaps. Th...

Source: BNN Bloomberg June 26, 2024

Alimentation Couche-Tard earnings drop as consumers watch spending

Alimentation Couche-Tard Inc. says its net earnings fell by almost a third in its fourth quarter as inflation-squeezed consumers watch their spending.  The convenience store giant says net earnings attributable to shareholders totalled $453 million in the...

Source: Financialpost June 26, 2024

Pembina, Haisla First Nation green-light $4B LNG project off B.C. coast

Will use natural gas from Western Canada to produce LNG for export to AsiaCanada is set to have another liquefied natural gas export terminal as project proponents have green-lit the majority Indigenous-owned US$4-billion Cedar LNG facility. We apologize...

Source: Financialpost June 26, 2024

Junk Science Week — Terence Corcoran: The UN emperor has no science

Antonio Guterres invents scary and scarily mangled metaphors to pitch extreme climate alarmism but the science behind the panic is thin We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our...

Source: Financialpost June 26, 2024

Posthaste: Canada's 'productivity emergency' called the most widespread in history outside the pandemic

Many Canadians feel worse off than they did 10 years ago, says this report from Desjardins We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canada's 'productivity eme...

Source: Financialpost June 26, 2024

Positives about the capital gains inclusion rate hike? Yep, here are three

Kim Moody: Anytime you can get the general public talking about taxation it's a good thingJune 25 is the day the capital gains inclusion rate increase comes into effect. Even though the particular legislation is not yet in a bill and thus not passed into law...

Source: Financialpost June 26, 2024

Inflation heats up again, casting doubt on Bank of Canada rate cut in July

Market is now pricing in a 40% chance of a rate cut next month, down from 60%Inflation accelerated in May by 2.9 per cent on a year-over-year basis, according to Statistics Canada, which will surprise economists who were expecting it to ease from the 2.7 per...

Source: BNN Bloomberg June 25, 2024

Markets today: tech hits U.S. stocks as Nvidia extends selloff to 13%

Stocks lost traction as an about US$400 billion plunge in Nvidia Corp. raised speculation that the rally in the industry that has powered the bull market was due for a breather. While various sectors outside the technology world advanced on Monday, Nvidia...

Source: BNN Bloomberg June 25, 2024

Nvidia enters correction territory as slump erases US$400 billion

Nvidia Corp. shares entered correction territory on Monday, as an ongoing selloff erased a historic amount of value for the AI-focused chipmaker. The stock fell 6.7 per cent, its third straight negative session and biggest one-day percentage drop since Apr...