The Daily Chase: Markets shake off COVID gloom; China reports record GDP figures VIDEO SIGN OUT
In our morning editorial call today, Jon Erlichman remarked on the bizarre times weâre living in, with Canadian and U.S. stocks closing at fresh all-time highs yesterday while thereâs a distinct feeling of COVID gloom in this country. The latest: our CTV News colleagues are reporting Ontario Premier Doug Ford and his cabinet are âactively consideringâ a range of additional restrictions amid new modeling thatâs expected to show the province could be on track for up to 18,000 new cases per day by the end of next month. The measures under consideration reportedly include a curfew, as well as a stricter clampdown on retail operations and penalties for businesses that bring in non-essential staff. In the stock market, meanwhile, futures are pointing to a mixed open. On top of all of that, we can layer Mondayâs federal budget. Have to imagine the landscape
The Daily Chase: Ontario considering further COVID restrictions; China reports record GDP figures bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
It s a big day in the crypto world as shares of Coinbase Global Inc. will hit the Nasdaq amid expectation that its valuation could exceed US$100 billion. The top U.S. cryptocurrency exchange has been whetting prospective investors appetite, with preliminary results earlier this month pointing to as much as US$800 million in profit on US$1.8 billion in revenue during the first three months of this year amid impressive user growth. Itâs all a sign of booming interest in crypto, and today weâre seeing Bitcoin march further into record territory at close to US$65,000. Weâll explore the significance of todayâs listing and how the hype might resonate with existing crypto investors, as well as curious onlookers. And weâll be catching up with one of the worldâs most prominent Bitcoin bulls, Ark Invest Founder Cathie Wood, shortly after 10 a.m.
A read-and-react situation : RBC CEO urges patience on any further stimulus bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
The Daily Chase: TD, CIBC deliver clean sweep of beats; loonie trades above 80 cents VIDEO SIGN OUT
Canadaâs Big Six banks have gone six for six, as CIBC and TD delivered profit beats this morning. Both banks benefitted from the same big themes weâve seen play out this week as provisions for future loan losses fell and capital markets profit surged. An interesting wrinkle at TD was double-digit profit erosion in its U.S. banking operations. Paul Bagnell is digging into all the details for us.
LOONIE AT HIGHEST SINCE FEBRUARY 2018
For the first time in more than three years, the Canadian dollar has traded above 80 cents U.S. after a stunning climb of more than 10 cents since the mid-March of last year. Today weâll address the drivers and how much unease this might cause at the Bank of Canada, where for years governors have been warning about a lofty dollarâs impact on our exportersâ competitiveness.