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Baystreet.ca - Five Ways to Potentially Profit from Europe’s Climate Neutrality Goals Today
Over the next 50 years, the European Union will have to use natural gas as a key transition fuel in its energy mix. All in an effort to achieve climate neutrality, which will also be beneficial for companies such as CanCambria Energy Corp. (TSXV: CCEC), ...
Baystreet.ca - Dow Futures Pop on U.S., China Slash Tariffs
Futures for Canada's main stock index surged on Monday, after the United States and China agreed to temporarily slash reciprocal tariffs, bolstering investor optimism and easing fears of an all-out trade war unsettling global markets. The TSX Composite ...
Baystreet.ca - U.S., China Slash Tariffs, Stocks Take off
Futures for Canada's main stock index surged on Monday, after the United States and China agreed to temporarily slash reciprocal tariffs, bolstering investor optimism and easing fears of an all-out trade war unsettling global markets. The TSX Composite ...
Baystreet.ca - USD / CAD - Canadian dollar slide on China/US tariff detente
- US/China: US claims “a deal”—China “important consensus” - Equities and greenback soar, Treasury yields rise. - US dollar rebounds with gains across the board USDCAD: open 1.3970, overnight range 1.3901-1.3988, close 1.3939, WTI 62.91, ...
Baystreet.ca - Starbucks Outlets In Ontario Ratify First Collective Agreements
Five unionized Starbucks (SBUX) retail outlets across Ontario have ratified their first collective agreements. The United Steelworkers union, which represents the Starbucks workers, says the union-led contracts are a significant milestone in the ...
Baystreet.ca - Three Hot Technology Stocks: Cloudflare, Microchip, and TSM
After trading at around $100 in the last month, Cloudflare (NET) closed at $132.34. The tech firm posted first-quarter revenue growth and issued its outlook for Q2 and the full year. Cloudflare’s revenue increased by 26.5% year over year to $479.09, ...
Baystreet.ca - Is Shell Sizing Up Oil’s Biggest Power Grab Yet?
BP’s weak first-quarter results and stock underperformance over the past year rekindled speculation that the UK-based supermajor could be a target of a blockbuster acquisition. As it has been speculated on and off for decades, UK peer Shell could be ...
Baystreet.ca - Hog Owners Told to Saddle up and Vote
Harley-Davidson, Inc. (NYSE: HOG) today urged shareholders to vote their shares ahead of the Company's 2025 Annual Meeting of Shareholders, which is scheduled to be held on May 14. “Time is short,” said this morning’s news release, “and shareholders ...
Baystreet.ca - Walgreens Continues with Robots to Cut Costs
As struggling drugstore chains work to regain their footing, Walgreens (NASDAQ:WBA) is doubling down on automation. The company is expanding the number of retail stores served by its micro-fulfillment centers, which use robots to fill thousands ...
Baystreet.ca - The FDA’s Quiet AI Pivot May Trigger the Next Major Investment Cycle in Healthtech
Issued on behalf of Avant Technologies Inc. VANCOUVER – Baystreet.ca News Commentary – The U.S. Food and Drug Administration (FDA) gave another major boost to the use of Artificial Intelligence (AI) in healthcare through the full ...
Baystreet.ca - Commvault Leaps on Deloitte Hookup
Commvault (NASDAQ:CVLT), a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced a strategic alliance with Deloitte. Together, Commvault and Deloitte aim to help organizations stay ahead of evolving ...
Baystreet.ca - Automaker Nissan To Cut More Than 10,000 Jobs Worldwide
Japanese automaker Nissan Motor Co. (NSANY) is cutting more than 10,000 jobs worldwide as its financial losses grow. The latest job cuts bring the total workforce reduction at Nissan this year to 20,000 positions or 15% of the automotive manufacturers’ ...
Baystreet.ca - Watch These Stocks This Week
The quarterly earnings season continues this week. In the retail sector, Walmart (WMT) might give investors insight into the impact of tariffs on Chinese imports. Walmart is the blue chip of retail goods. Analysts expect the firm to post revenue of around ...
Baystreet.ca - Asia Powers Ahead on Trade Deal
Asia-Pacific markets rallied Monday after China and the U.S. announced a trade deal, including a 90-day pause on tariffs and a drop in reciprocal tariffs by 115 percentage points. In Japan, the Nikkei 225 gathered 140.93 points, or 0.4%, to 37,644.26. In ...
Baystreet.ca - U.S. Lowers Tariffs on Chinese Imports To 30%, Sending Stocks Soaring
The U.S. has agreed to temporarily lower the import tariffs imposed on China to 30% for the next 90 days, a development that has sent the stock market soaring. At the same time, China has said that it will lower its import duty on American goods ...
Baystreet.ca - WestJet Airlines Sells 25% Stake To Foreign Carriers
U.S.-based Delta Air Lines (DAL) and Korean Air Lines are buying a combined 25% stake in Canada’s WestJet Airlines for $550 million U.S. The deal will see Delta invest $330 million U.S. for a 15% stake in WestJet and Korean Air invest $220 million ...
Baystreet.ca - Fortis Starts 2025 Strong With Higher Earnings and Confident Dividend Outlook
Fortis Inc. (TSX:FTS)(NYSE:FTS) reported earnings last week. And it began 2025 on solid footing, posting first-quarter net earnings of $499 million, up from $459 million in the prior-year period. This performance was driven by organic rate base growth ...
Baystreet.ca - Invest in This ETF for Safety and Dividends
If your priority is to collect a good dividend and keep your portfolio safe amid all the turmoil in the markets this year, you may want to consider holding a significant position in exchange-traded funds (ETFs), which can spread out your risk over dozens ...
Baystreet.ca - Dow, S&P Chug Higher, Perking over Tariff News
Equities in Canada’s largest lifted themselves Monday, on word the tension between the U.S. and China may be relaxing The TSX Composite Index retained gains of 174.44 points to close Monday at 25,532.18 The Canadian dollar was off 0.26 cents ...
Baystreet.ca - Traders Are Rebranding Venezuelan Oil to Bypass Sactions
More than $1 billion worth of Venezuelan oil has been sold in China as Brazilian over the past 10 months, Reuters has reported, citing cargo tracking data and industry sources who wished to remain unnamed. The rebranding of the crude has cut transportation ...
Baystreet.ca - Canada's Best: Enbridge, BCE, Telus, and Brookfield
Investors seeking exposure outside of the U.S. may consider Canadian-based stocks on the TSX. Last week, Enbridge posted first-quarter non-GAAP earnings of C$1.03 a share. It reiterated its 2025 financial guidance. It expects DCF per share of between ...
Baystreet.ca - Oil Prices Surge As U.S. and China Agree to Tariff Cuts
Oil jumped by 3% early on Monday after the United States and China agreed to slash tariffs on each other, easing concerns about global trade and the economy. As of 6:52 a.m. on Monday, the U.S. benchmark, WTI Crude, was up by 3.13% at $62.93. ...
Baystreet.ca - Workday Study Points up Waste
A new report from Workday, Inc. (NASDAQ: WDAY), the AI platform for managing people, money, and agents, reveals that outdated federal human resources systems are costing taxpayers nearly $1 billion in lost productivity every year. According to the report, ...
Baystreet.ca - This High-Yielding Stock Just Increased Its Dividend Again
Sun Life Financial (TSX:SLF)(NYSE:SLF) announced a 5% increase to its quarterly dividend on May 8, raising its quarterly payout from $0.84 to $0.88 per share. The company has routinely increased its dividend payments over the years and been a solid income ...
Baystreet.ca - Constellation, Crown Point, Geodrill at 52-Week Highs on News
Constellation Software Inc. (T.CSU) hit a new 52-week high of $5,110.01 Monday. Consellation is expected to report $29.56 for Q1 2025 Crown Point Energy Inc. (V.CWV) hit a new 52-week high of 12.5 cents Monday. Crown Point is expected to report ...
Baystreet.ca - U.S. Nat Gas Liquids Exports Hit Record—Even With China Playing Hardball
As it turns out, a trade war with your biggest customer isn’t the death knell some made it out to be. U.S. exports of natural gas liquids (NGLs) hit an all-time high in April, defying concerns that the escalating trade war with China would choke off ...
Baystreet.ca - Asia Mixed as Investors Inspect China Data
Asia-Pacific markets were mixed Friday as investors parsed China’s exports-imports data for April, with focus also on impending trade talks between Beijing and Washington. In Japan, the Nikkei 225 leaped 574.70 points, or 1.6%, to 37,503.33. In ...
Baystreet.ca - Tight Now, Loose Later: Oil Futures Flash Warning
Last week, OPEC+ announced it will once again accelerate the pace of unwinding of production cuts, with output targets for June increasing by 411,000 barrels per day, equivalent to three monthly increments. This follows a similar move in April, with ...
Baystreet.ca - Canada’s Unemployment Rate Rose To 6.9% In April
Canada’s unemployment rate rose to 6.9% in April, increasing for a second consecutive month. Statistics Canada reports that the economy added a total of 7,400 jobs in April, which was not enough to keep the unemployment rate from rising. The ...
Baystreet.ca - Pinterest Stock Rises 12% On Strong Outlook
Shares of Pinterest (PINS) are up 12% after the social media company issued strong forward guidance that exceeded analysts’ expectations. The San Francisco-based company that allows users to share images via digital pin boards reported first-quarter ...
Baystreet.ca - Friday's Moving Stocks: Pinterest, Match, and Cleveland-Cliffs
In the communications sector, when Snap (SNAP) posted earnings on April 29, shares slumped. Conversely, Pinterest (PINS) is today’s biggest moving stock. In the first quarter, Pinterest posted revenue of $854.99 million, up by 15.5% Y/Y. The firm ...
Baystreet.ca - Nvidia Enjoys Slight Gains on Changes to H20 Chip
Nvidia (NASDAQ:NVDA) plans to release a downgraded version of its H20 artificial intelligence chip for China in the next two months, following U.S. export restrictions on the original model, sources told Reuters. They added the U.S. chipmaker has ...