Daily News

Source: Financialpost February 28, 2024

William Watson: For the good of the country, buy non-Canadian

Buying local the thin edge of the protectionist wedgeI got what looked like a nice email from Amazon last week. There were no spelling mistakes, so I figured it wasn’t a Russian bot and I could click on it. I was right. It was Amazon announcing a new initiat...

Source: Financialpost February 28, 2024

Allan Lanthier: Canadians want the Stanley Cup back in Canada. The CRA? Not so much

Recent tax cases concerning signing bonuses and RCAs will make life even harder for Canadian teamsThe more you look at the Canada Revenue Agency’s case against Toronto Maple Leafs captain John Tavares, the more concern it raises. We apologize, but thi...

Source: Financialpost February 28, 2024

Scotiabank's loan-loss provisions rise more than expected as Canadian economy weakens

The bank, analyst called 'canary in the coal mine,' shows growing stress of consumer lendingBank of Nova Scotia missed analysts’ estimates for loan-loss provisions amid growing stress in consumer lending as the Canadian economy weakens as well as higher deli...

Source: Financialpost February 28, 2024

Bank of Montreal cuts exposure to ultra-long mortgages

Granted to help customers handle rapid rise in interest ratesBank of Montreal is slowly whittling down a pile of ultra-long mortgages that it granted to Canadian customers to help them handle the rapid rise in interest rates. We apologize, but this vi...

Source: BNN Bloomberg February 27, 2024

Markets today: U.S. stock rally stalls at start of data-packed week

The stock market lost steam near record highs as traders braced for a barrage of economic data and remarks from Federal Reserve speakers that will help shape the outlook for interest rates. Wall Street is also keeping a close eye on how the market will man...

Company News Source: BNN Bloomberg February 27, 2024

IPO expert says Reddit is ‘pushing’ AI deals, runs risk of ‘stock meme’ revolt

After Reddit Inc. filed for an initial public offering (IPO) last week, with its listing valuation still undisclosed, one IPO market expert says investors could be looking at a valuation within US$4-6 billion. Greg Martin, managing director of Rainmaker Se...

Source: BNN Bloomberg February 27, 2024

M&A markets 'getting a little rich for Berkshire's appetite' following Q4 earnings: expert

One equities expert says competition in the mergers and acquisitions market has pushed Berkshire Hathaway Inc. to the sidelines, following the Omaha, Nebraska-based firm reporting its fourth-quarter earnings.  Cathy Seifert, a director at CFRA Research, sa...

Source: BNN Bloomberg February 27, 2024

Canada issues green bonds for first time since framework change

Canada is tapping the sustainable-debt market for the first time since the government amended its sovereign green-finance framework in November to include nuclear power. The bonds are expected to mature in 10 years and may yield about half a basis point le...

Technology Source: BNN Bloomberg February 27, 2024

Berkshire inches toward US$1 trillion valuation after results

(Bloomberg) -- Berkshire Hathaway Inc. retreated on Monday after touching a record high that pushed the market value of Warren Buffett’s conglomerate even closer to $1 trillion.  The Omaha, Nebraska-based firm posted higher operating earnings, which briefly b...

Source: Financialpost February 27, 2024

Canadian gold miner agrees to sell itself to Chinese company in possible test of Ottawa policy

Yintai Gold to buy Osino Resources for $368 million Get the latest from Naimul Karim straight to your inbox Sign Up Ottawa’s policy of preventing Chinese companies from investing in Canadian-listed firms may be put to the test after Vancouver-based Os...