2026-06-16
[Bnn Bloomberg Canada]: U.S., Iran delay negotiations
The U.S. and Iran have delayed the start of negotiations over a permanent peace deal as well as Tehran’s nuclear program. The negotiations were set to take place in Switzerland today, and the delay comes amid intensified fighting in southern Lebanon. Iran has insisted on a ceasefire in Lebanon as part of the interim peace deal finalized with the U.S. earlier this week. There is no indication of a new start date for the discussions. It is not yet clear if the developments will affect the strait of Hormuz.
Canada April retail sales up 0.5%
Retail sales across the country saw an increase in April. Data from StatsCan shows retail sales rose 0.5 per cent, driven by increases at gas stations and fuel vendors. Sales were up in five of nine subsectors, with the largest provincial increase occurring in Ontario, due to higher sales at motor vehicle and parts dealers. Sales at food and beverage retailers as well as general merchandise stores saw a decline. In a flash estimate, StatsCan suggests retail sales likely rose one per cent in May.
Google: Canada’s data law changes not enough
Alphabet Inc.’s Google says Canada’s changes to Bill C-22, known as the Lawful Access Act, does not resolve concerns. The law is aimed at helping police obtain citizen data from private companies. Ottawa’s changes explicitly state it will not require decryption of encrypted information and will reduce the metadata retention period to six months instead of a year. Google, Apple and Meta have heavily criticized the law, citing security concerns and compromise to user privacy. Google says the Canadian government can support law enforcement without resorting to secret ministerial orders that put Canadians at risk.
MDA Space buying Blue Canyon Technologies
MDA Space is buying spacecraft technology builder, Blue Canyon Technologies. The all-cash transaction is valued at US$620 million. Under the terms, Blue Canyon will add spacecraft and satellite components worth $3.5 billion to MDA’s pipeline. The deal is expected to close by the end of the year.
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2026-06-15
[Bnn Bloomberg Canada]: Stocks rally and oil falls on Iran deal
Stocks are surging and oil prices are falling after the U.S. and Iran reached an interim peace agreement to reopen the Strait of Hormuz. Both sides still need to decide on the final steps related to the memorandum that’s set to be signed in Switzerland on Friday. The plan extends the ceasefire by two months and begins talks on restricting Iran’s enrichment of uranium. Iran is meant to reopen the strait immediately after the deal is signed.
Carney heading to G7 meeting
Prime Minister Mark Carney is heading to Evian-les-Bains in France for the G7 summit. Early this morning, Carney said he would have an opportunity at the G7 to see what Canada and other countries can do to help reinforce progress on peace in the Middle East. While in Ireland over the weekend, Carney said the war in Iran was “topic number one” at the G7, adding that the war in Ukraine is also a key issue. The prime minister is scheduled to meet with President of the European Council Antonio Costa and President of the European Commission Ursula von der Leyen today. Later, he will attend a working dinner on geopolitical and economic issues.
Joly in China to talk EVs
Industry minister Melanie Joly is in China this week to meet with four companies that are considering building electric vehicles here. The companies are BYD, Chery, Geely and Shangai Launch Automotive Technology’. Joly’s trip is looking to boost investment in Canada’s auto sector. She says she wants to see Canadian companies manufacture for Chinese EV-makers in factories and plants in this country.
Nuvei buying Payoneer for US$2.75 billion
Montreal-based Nuvei is buying U.S. company Payoneer for US$2.75 billion. The combined company will create a single partner to accept, hold and move money across more than 190 countries. It’s expected to generate about three billion dollars in annual revenue and process more than 500 billion dollars in annual payments. There were reports last week that the two companies were close to finalizing a deal.
Fox buying Roku
Fox is buying streaming pioneer Roku in a cash-and-stock deal valued at about US$22 billion. The deal gives Fox access to the Roku channel, first-party data and more than 100 million global streaming households. Existing fox shareholders are expected to own 73 per cent of the combined company.
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2026-06-12
[Bnn Bloomberg Canada]: SpaceX set for market debut
The biggest stock market debut ever is set to take place today. SpaceX, Elon Musk’s rocket, satellite and AI company raised the largest-ever amount in an IPO at US$75 billion dollars. Its shares will be priced at $135 apiece, and will trade on the NASDAQ under the symbol SPCX. The deal values SpaceX at US$1.77 trillion, making it the seventh most-valuable U.S. company, ahead of Tesla, musk’s electric vehicle maker. Canadian investors with a position in the stock include the Ontario Teachers’ Pension Plan, whose initial investment of about $300 million could now be worth as much as $11 billion.
Stocks up, oil down on peace hopes
North American stocks are poised to open higher while oil hit the lowest level in months following fresh evidence that the U.S. and Iran are nearing a provisional agreement to end their war. Brent slid 3.3% to head for its first close below $88 a barrel since the first week of the war. A Group of Seven official said an agreement could be signed as soon as Sunday. Iran’s foreign ministry told state-run media that a framework text was nearly finalized. Stocks rallied sharply yesterday after U.S. President Trump cancelled plans strikes on Iran, and indicated a deal with Iran was close.
H&R Reit in sale talks with Blackstone
H&R REIT says it’s had non-exclusive talks with Blackstone on the possible sale of certain assets -- but it has not reached agreement on a deal. The statement follows reports that Blackstone is talking about a potential acquisition of the Canadian real estate company. H&R has moved its portfolio away from office and retail and towards apartment and industrial assets in the U.S. and Canada … but its units have underperformed the rest of the sector.
Roots slips deeper into the red
Iconic Canadian retailer Roots had a deeper loss in its latest quarter, as costs related to its new distribution partnership and ongoing strategic review offset higher sales. In March, the company’s board launched a formal process to evaluate a range of options, including a full sale of the company. Roots says the process is still continuing, and has cost the company about $600,000 in related consulting and legal costs so far.
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2026-06-11
[Bnn investopedia]: Inflation has risen to 4.2%, which means cash earning less than that is losing purchasing power over time.
Inflation Just Raised the Bar for Your Savings
The latest CPI report has put inflation at 4.2%, its highest reading in more than three years, as high oil prices tied to the unresolved Iran conflict have pushed consumer prices higher. That creates a tougher benchmark for savers: Any cash earning less than 4.2% APY is now losing purchasing power, because prices are rising faster than your savings balance.
But falling short of inflation is no reason to throw up your hands and settle for a weak rate. The closer your APY sits to 4.2%, the less ground your cash is losing. While an account paying 3.75% won't beat inflation right now, it will leave you in a much better position than if you're earning 1% or 2%. So it's still worth striving for the highest APY you can find in an account that fits your needs.
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2026-06-09
[Bnn Bloomberg Canada]: Oil falls as Trump touts peace momentum
The price of oil fell in early trading after U.S. President Donald Trump renewed his claims of momentum toward ending the conflict with Iran. “We’re in the final throes of what will be a very, very good deal,” Trump told reporters in New York. “We could have at least an idea one or two days from now.” The comments come after Iran and Israel agreed to halt strikes on each other following a flare-up that saw both countries launch waves of ballistic missiles. WTI crude fell below US$90 a barrel.
Ontario Premier touts Fortress North America
Ontario Premier Doug Ford is concluding a mission to Washington, D.C., where he has been touting his ‘Building Fortress North America’ plan that he says will create more jobs, lower costs and strengthen North American security. Ford met with United States senators and members of Congress, as well as business executives from critical industries including the automotive, aerospace and agricultural sectors. U.S. trade representative Jamieson Greer has indicated the Trump administration favours a North America-wide system of tariffs.
WestJet Slams Canada’s Loan Offer to Airlines
WestJet isn’t keen on the federal government’s offer of loans to help carriers hit by high jet fuel costs in the wake of the closing of the Strait of Hormuz. In a statement to Bloomberg News, the Calgary-based carrier said it “strongly opposes” Canada’s plan to lend as much as $150 million to blunt the effect of high airline fuel prices. “We do not take government loans and instead advocate for a competitive environment where airlines can succeed based on their own strength,” WestJet said. Porter Airlines, Air Transat and Flair Airlines welcomed the program.
Best May since 2019 for Cineplex
Cineplex says it had its highest May box office since 2019, bringing in more than $60 million. The company credits a diverse film slate that drove audience engagement, especially among younger moviegoers. This includes movies likes the Devil Wears Prada 2 and Michael. Michael is the highest grossing music biopic of all time -- surpassing $300 million at the global box office.
Bombardier expanding Singapore hub
Bombardier is investing US$78 million to expand its Singapore maintenance and service hub. It’s to support an anticipated increase in the number of business jets. The private-plane maker says there’s a record backlog of orders -- surpassing 20 billion dollars. A tenth of that comes from the Asia Pacific. Construction is set to begin in the second half of the year with a plan to start service in 2028.
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2026-06-04
[Bnn Bloomberg Canada]: Canada adds 87,800 jobs in May
The Canadian economy added a surprising 87,800 jobs in May, bringing the jobless rate down to 6.6%. Statscan is calling it the first significant employment gain since November 2025, as full-time employment jumped by 154,000. Construction led the overall gains with a 27,000 increase in employment. Information, culture and recreation as well as transportation and warehousing added 19,000 jobs each.
Lululemon cuts forecast
Shares of lululemon traded sharply lower in the pre-market after the Vancouver-based yogawear maker cut its profit and sales forecasts for the year. Lululemon says its performance is being affected by negative commentary in the media and online about its brand. It also says not all of its product launches have met expectations ... and the now-resolved proxy contest with founder Chip Wilson did not help.
No index exceptions for SpaceX
The manager of the S&P and Dow Jones indices has closed the door for tech companies like SpaceX to quickly enter the indexes after an IPO. The 12-month so-called ‘seasoning period’ for newly public companies will not be shortened … nor will it waive existing profitability and public-float requirements based on a company’s size. SpaceX’s denial means that it won’t be an immediate ‘must buy’ for index-tracking funds .
Trump unveils plan to boost coal
Donald Trump says the U.S. will spend hundreds of millions of dollars to revitalize the country’s coal industry. That money will be used to build new power plants, sustain existing operations and construct an export terminal in California. Trump says the move will bring down the price of energy and the cost of living for all Americans with the power of what he calls “clean, beautiful coal.”
Six small stocks most investors are missing
Most investors focus on large cap stocks. Small caps are harder to find, but often have something the giants don’t: room to run. BNN Bloomberg contributor Jon Erlichman speaks with a small cap pro about how to spot lesser-known names.
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2026-06-03
[Bnn Bloomberg Canada]: Canada makes new U.S. trade proposals
Intergovernmental Affairs minister Dominic LeBlanc says Canada has made new and detailed proposals on trade to the U.S.. After a meeting with U.S. Trade Representative Jamieson Greer, LeBlanc refused to share details of the proposals but downplayed suggestions that Canada was being left behind Mexico. Discussions with U.S. policymakers will continue in the coming days — but he also warned that talks could still take a negative turn and that “turbulence” is to be expected. Mexico has already begun bilateral negotiations with the U.S. on renewal of the U.S.-Mexico-Canada trade agreement.
U.S. proposes new tariffs due to forced labour
Meanwhile the United States is proposing tariffs of 10 per cent or more on products from trading partners they suspect were made with forced labour. Canada, Mexico, Taiwan and the United Kingdom will face the additional tax for failing to enforce a forced labour import ban according to a report. The new tariffs won’t take effect until public hearings take place.
Toronto home sales jump 10%
Home sales jumped in Canada’s largest real estate market last month. Sales in Toronto rose by the most in 10 months as lower prices began to lure back buyers. Sales rose by 10 per cent in May from April, the biggest month-to-month increase since last July. The seasonally adjusted benchmark price of a home dipped 0.2% from the previous month. Housing markets across Canada have been slumping, with prices falling 20 per cent on average since 2022.
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2026-06-02
]Bnn Bloomberg Canada]: LeBlanc heading to Washington to talk trade
Canada-U.S. trade minister Dominic LeBlanc is travelling to Washington today to meet with his American counterpart. It comes as Canada’s official negotiations over its trade agreement with the U.S. have yet to begin. The Canada-U.S.-Mexico trade agreement is subject to a mandatory review. U.S. representative Jamieson Greer has suggested the Trump administration favours a North America-wide system of tariffs.
Trump lowers tariffs on some steel products
U.S. President Donald Trump has signed a proclamation amending his Section 232 national security tariffs on some aluminum, steel and copper imports. The proclamation lowers tariffs on some steel and aluminum products, including certain types of agricultural machinery and residential heating, air conditioning and ventilation equipment to 15 per cent from 25 per cent previously. It makes mobile industrial equipment, such as bulldozers and forklifts, subject to a 15 per cent tariff “when imported from trade deal countries that are entitled to such treatment,” the White House said in a statement.
Alphabet selling US$80B in stock
Shares in Alphabet fell in pre-market trading. The parent company of Google plans to sell US$80 billion in stock, including a US$10 billion investment by Berkshire Hathaway. Alphabet says the capital will fund investment in AI. Alphabet’s stock has more than doubled in the past year as investors applaud its ai investments,
HPE shares jump on sales outlook
Shares in Hewlett Packard Enterprise rose in premarket trading following its forecast for annual sales that topped estimates. HPE cites growth in AI, driven by demand for its servers and networking. The company is one of the largest makers of computing equipment, benefitting from the demand for hardware to train and use ai.
Marvell surges on Huang comments
Shares in Marvell Technology surged in pre-market trading. This comes after Nvidia’s Jensen Huang predicted the semiconductor and networking company will be the next business to hit a trillion dollar valuation. That’s more than five times its current capitalization. Nvidia took a 2 billion dollar stake in Marvell three months ago
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