The Motley Fool
Forget Shopify Stock: 1 Tech Stock to Buy Instead
Shopify stock (TSX:SHOP) plunged by over 20% after earnings guidance for the second quarter came in lower, but this other tech stock is way up! The post Forget Shopify Stock: 1 Tech Stock to Buy Instead appeared first on The Motley Fool Canada.
The Motley Fool
2 Utility Stocks That Could Help Energize the AI Boom
Canadian Utilities (TSX:CU) and another great utility stock could indirectly benefit from the rise of AI. The post 2 Utility Stocks That Could Help Energize the AI Boom appeared first on The Motley Fool Canada.
The Motley Fool
These 2 AI Stocks Are Set to Soar in 2024 and Beyond
Here are two of the best AI stocks in Canada that you can buy now and hold for at least the next five years. The post These 2 AI Stocks Are Set to Soar in 2024 and Beyond appeared first on The Motley Fool Canada.
Bloomberg
Canada’s Ninepoint Halts Cash Payouts on Three Credit Funds
(Bloomberg) — Canadian investment manager Ninepoint Partners LP is temporarily suspending cash distributions in three of its private credit funds, making it the latest lender to put a squeeze on investors to cope with a liquidity crunch.Most Read from BloombergHomebuyers Are Starting to Revolt Over Steep Prices Across USModi Set for Landslide Election Win in India, Exit Polls ShowWall Street Billionaires Are Rushing to Back Trump, Verdict Be DamnedSaudi Arabia Puts Wall Street on Notice to Set
CBC
Auto insurance overhaul likely for Alberta. How far will UCP go?
In a day thick with competing actuarial interpretations and estimates of car insurance models, one particular figure made Finance Minister Nate Horner’s ears perk up last Monday. Five per cent. That’s the proportion of Albertans’ average disposable income that now goes to auto insurance premiums, a provincial consultant told Horner and a room full of other government officials, insurers, lawyers and other stakeholders at a summit on auto insurance reforms. Previous reports, a decade or more ago,
Bloomberg
Michael Dell’s Wealth Falls Most Ever as Sales Disappoint
(Bloomberg) — Michael Dell’s wealth tumbled the most in a single day after the computer company he founded posted results that disappointed investors.Most Read from BloombergHomebuyers Are Starting to Revolt Over Steep Prices Across USModi Set for Landslide Election Win in India, Exit Polls ShowWall Street Billionaires Are Rushing to Back Trump, Verdict Be DamnedSaudi Arabia Puts Wall Street on Notice to Set Up Shop in RiyadhHere Are the Latest Verified Results From South Africa’s ElectionDell’
Reuters
Canadian banks brace for second-half uncertainty as they cling to rate cut hopes
Canadian banks are bracing for a few months of uncertainty with loan loss provisions expected to rise if interest rates remain elevated, even as their dealmaking and investment banking business improves, according to executives from major lenders. Most lenders beat earnings expectations in the second quarter, with the exception of Bank of Montreal, but the six major banks set aside a combined C$4.36 billion in loan loss provisions, 26% higher than a year ago. “If rates remain where they are and play out as expected with just a few rate cuts, then provisions are likely going to be elevated for at least the next quarter or two,” Veritas Investment Research analyst Nigel D’Souza said, adding that he expects credit losses to peak no earlier than early 2025.
Contents
Forget Shopify Stock: 1 Tech Stock to Buy Instead2 Utility Stocks That Could Help Energize the AI BoomThese 2 AI Stocks Are Set to Soar in 2024 and BeyondCanada’s Ninepoint Halts Cash Payouts on Three Credit FundsAuto insurance overhaul likely for Alberta. How far will UCP go?Michael Dell’s Wealth Falls Most Ever as Sales DisappointCanadian banks brace for second-half uncertainty as they cling to rate cut hopes
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