CANADA STOCKS-TSX opens higher on energy sector strength

The Motley Fool
A Dividend Giant I’d Buy Over Suncor Energy Stock
Suncor Energy stock has crushed the broader markets in the last 20 years. But this TSX energy stock has beaten Suncor by a wide margin. The post A Dividend Giant I’d Buy Over Suncor Energy Stock appeared first on The Motley Fool Canada.
Business Insider
China ramps up de-dollarization efforts by dumping a record amount of US bonds
China sold a record $53.3 billion worth of US Treasurys and agency bonds last quarter as it accelerates diversification from dollar assets.
Bloomberg
Canada Bank Watchdog Warns of Housing-Payment Shock by 2026
(Bloomberg) -- Canada’s banking watchdog warned that many homeowners who took out mortgages when rates were near zero during the pandemic will soon face a reckoning as those loans renew.Most Read from BloombergThese Flight Routes Suffer the World’s Worst TurbulenceNvidia Delivers on AI Hype, Igniting $140 Billion Stock RallyCiti Trader Got 711 Warning Messages Before Sparking Flash CrashTech Up in Late Hours as Nvidia Emboldens AI Bulls: Markets WrapThe “payment shock” faced by some borrowers is
The Motley Fool
Dividend Investors Can Earn $500 Every Month or More With the Right Stock Offering a 6% Yield
Two high-yield monthly income stocks are attractive options for dividend investors, including retirees. The post Dividend Investors Can Earn $500 Every Month or More With the Right Stock Offering a 6% Yield appeared first on The Motley Fool Canada.
Reuters
Bank of Canada could tilt to July rate cut to benefit from flood of data
The Bank of Canada (BoC) may dash hopes of a June interest rate cut and instead move in July, which will give it seven more weeks of key data to confirm the recent trend of a slowing economy and continued easing of inflation, some economists said. Some economists justify the markets hesitation to lock in a June cut by arguing the central bank will have two more sets of inflation, GDP and jobs data to make a more informed decision by waiting till July 24, rather than moving on June 5. "From a risk management standpoint, it makes sense for the Bank of Canada to wait the extra six or seven weeks to be as certain as it can be that the inflation trend is going to continue," said Andrew Kelvin, Head of Canadian and Global Rates Strategy at TD Securities.
The Motley Fool
Is This Top Dividend Stock a Buy for Passive Income in May 2024?
Choosing the right dividend stock for a passive-income stream is challenging because it relies just as much on predicting the future as it does on deciphering the past. The post Is This Top Dividend Stock a Buy for Passive Income in May 2024? appeared first on The Motley Fool Canada.
StockStory
Shopify (SHOP) Shares Skyrocket, What You Need To Know
Shares of e-commerce software platform Shopify (NYSE:SHOP) jumped 5.4% in the morning session after Goldman Sachs analyst upgraded the stock's rating from Neutral to Buy and raised the price target from $64 to $74. The new price target represents a 25% premium from where shares traded when the upgrade was announced. The analyst added, "Given Shopify's significant technology moat in eCommerce software and share gain across eCommerce cycles, we believe these investments will drive more durable rev
BuzzFeed
People Are Sharing Famous Companies That Went Bankrupt Over Dumb Decisions, And Now I Finally Know What Happened To Circuit City
"Restaurants brought out the servings slowly and were like, 'Nobody is going to sit there for hours and just eat them.' Actually, lots of people did."
The Motley Fool
2 No-Brainer TSX Stocks I’d Buy Right Now Without Hesitation
Even no-brainer stock picks can be more or less attractive at a particular point in time based on market conditions and their valuation. The post 2 No-Brainer TSX Stocks I’d Buy Right Now Without Hesitation appeared first on The Motley Fool Canada.
Bloomberg
‘All Eyes on TD,’ US Probes as Canadian Bank Earnings Begin
(Bloomberg) -- Toronto-Dominion Bank and its US money-laundering woes are set to dominate the start of Canadian bank earnings season this week. Most Read from BloombergThese Flight Routes Suffer the World’s Worst TurbulenceCiti Trader Got 711 Warning Messages Before Sparking Flash CrashOne Dead After Singapore Air Flight Hit By Severe Turbulence‘It Felt Like We Had Crashed’: Singapore Air Passenger Describes Turbulence TerrorIt’s “all eyes on TD,” Bank of America Securities analysts led by Ebrah
Reuters
Canada's Power Corp shuts down China unit, lays off staff, sources say
Power Corporation of Canada (Power Corp) has shut its China investment unit and dismissed all staff, said two people briefed on the matter, becoming the latest Western financial firm to pull back amid the country's economic challenges. Power Sustainable, which is the asset management arm of Power Corp and manages $4.5 billion of assets globally, started laying off all of its 17 local staff in recent weeks as it moved towards shutting down the Shanghai-based unit, said the people. Economic slowdown has seen many of the Western financial firms that scrambled to expand China operations a few years ago take a hit on their earnings and rein in their ambitions for what was a key piece of their global growth strategy.
CNN Business
Bargain-hungry Americans are flocking to Temu and making its Chinese owner very rich
PDD Holdings, the owner of Temu and Pinduoduo, is blowing past market expectations with a massive surge in profit and revenue as American and Chinese consumers swarm its bargain shopping apps for low-cost products.
The Canadian Press
Stock market today: Wall Street slumps to worst day since April on worries about interest rates
NEW YORK (AP) — In the latest example of how good news for the economy can be bad for Wall Street, most U.S. stocks slumped Thursday after strong economic reports raised the possibility of interest rates staying painfully high. The weakness was widespread and overshadowed another blowout profit report from market heavyweight Nvidia.
The Motley Fool
Could Enerflex Become the Next Enbridge?
Enbridge is a high-dividend TSX stock that has created massive wealth for shareholders. Here's one TSX stock that can outpace Enbridge. The post Could Enerflex Become the Next Enbridge? appeared first on The Motley Fool Canada.
The Motley Fool
These 2 TSX Stocks Have up to 49% Upside, Bay Street Analysts Say
Besides Street analysts’ positive expectations, here are the main fundamental factors that could drive these two TSX stocks higher in the near term. The post These 2 TSX Stocks Have up to 49% Upside, Bay Street Analysts Say appeared first on The Motley Fool Canada.
Global News
London Drugs 'unwilling and unable' to pay ransom demanded by hackers
London Drugs says it is "unwilling and unable" to pay the $25 million ransom demanded by cybercriminals who breached the Western Canadian pharmacy and retailer's computer systems in April, which prompted the company to close all of its 79 stores for several days. Heather Yourex-West explains what this could mean for London Drugs' staff and customers.
The Motley Fool
2 Stocks I’d Buy in 2024 (And 1 I’d Avoid!)
Are you looking for growth in a recovering market? Then it could be time to get out of these stocks and consider another instead. The post 2 Stocks I’d Buy in 2024 (And 1 I’d Avoid!) appeared first on The Motley Fool Canada.
The Motley Fool
3 No-Brainer Stocks to Buy With $20 Right Now
Here are three no-brainer stocks that are suitable for anyone getting started on their investing journey. The post 3 No-Brainer Stocks to Buy With $20 Right Now appeared first on The Motley Fool Canada.
The Motley Fool
3 Top Dividend Stocks That Keep Raising Their Payouts
These three TSX stocks are ideal buy as they consistently raise their payouts, depicting their healthy financials. The post 3 Top Dividend Stocks That Keep Raising Their Payouts appeared first on The Motley Fool Canada.
The Canadian Press
Banks to report second-quarter results as credit concerns persist
TORONTO — While there’s still room for surprises, Canadian banks are set to report results after a second quarter that was notable for its economic steadiness.

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STOCKS TUMBLE; DOW SUFFERS WORST DAY IN A YEAR

CANADA STOCKS-TSX opens higher on energy sector strength

Latest Stories

A Dividend Giant I’d Buy Over Suncor Energy Stock

China ramps up de-dollarization efforts by dumping a record amount of US bonds

Canada Bank Watchdog Warns of Housing-Payment Shock by 2026

Dividend Investors Can Earn $500 Every Month or More With the Right Stock Offering a 6% Yield

Bank of Canada could tilt to July rate cut to benefit from flood of data

Is This Top Dividend Stock a Buy for Passive Income in May 2024?

Shopify (SHOP) Shares Skyrocket, What You Need To Know

People Are Sharing Famous Companies That Went Bankrupt Over Dumb Decisions, And Now I Finally Know What Happened To Circuit City

2 No-Brainer TSX Stocks I’d Buy Right Now Without Hesitation

‘All Eyes on TD,’ US Probes as Canadian Bank Earnings Begin

Canada's Power Corp shuts down China unit, lays off staff, sources say

Bargain-hungry Americans are flocking to Temu and making its Chinese owner very rich

Stock market today: Wall Street slumps to worst day since April on worries about interest rates

Could Enerflex Become the Next Enbridge?

These 2 TSX Stocks Have up to 49% Upside, Bay Street Analysts Say

London Drugs 'unwilling and unable' to pay ransom demanded by hackers

2 Stocks I’d Buy in 2024 (And 1 I’d Avoid!)

3 No-Brainer Stocks to Buy With $20 Right Now

3 Top Dividend Stocks That Keep Raising Their Payouts

Banks to report second-quarter results as credit concerns persist