Paul Bagnell
BNN Bloomberg
Toronto, ON, Canada
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Past articles by Paul:
Disappointing revenue guidance plummets BlackBerry shares
Disappointing revenue guidance at BlackBerry sent the company’s shares sharply down in Wednesday’s trading. → Read More
Ottawa will challenge higher duties on Canadian lumber into U.S.
Ottawa is challenging higher duties imposed on Canadian lumber imported into the United States, in the latest turn in a trade dispute that has persisted for decades between the two countries. → Read More
Edward Rogers wins court case; clears way for telco overhaul
Edward Rogers has won a striking victory at the Supreme Court of British Columbia, one that paves the way for him to make sweeping management changes at the giant telecommunications company founded by his late father Ted Rogers in 1960. → Read More
Letko blasts pension funds' lack of CanCon, calls for 'sanity check'
Large Canadian pension funds should be investing more of their assets in Canadian equities, a top executive at a leading Canadian investment management firm told BNN Bloomberg Tuesday. → Read More
'They made a mistake': Ex-PotashCorp CEO still has bone to pick with BHP
In an interview on Wednesday, Bill Doyle had plenty to say about BHP’s rocky history in Saskatchewan’s potash sector. → Read More
Blue Jays boost Rogers' Q2 revenue – but pricey salaries weigh on profit
The team is having a material effect on the bottom line at its owner, Rogers Communications Inc. → Read More
Bay Street primed for big bank dividend hikes when OSFI eases up
Investors in Canadian bank stocks can be forgiven if they are getting impatient. → Read More
Big Six poised for earnings bonanza as bad-loan fears subside
For Canada’s big banks, the blockbuster earnings beats they reported back in February may be a tough act to follow. But that doesn’t rule out a strong set of fiscal second-quarter results – and another leg up in share prices – when the banks report earnings next week. → Read More
Home Capital Group swimming in cash, eyes dividends and buybacks
The company beat Bay Street earnings expectations with adjusted earnings per share of $1.26. That was versus the $1.04 expected by analysts. → Read More
CIBC CEO urges action on increasing rental housing supply
Canadian policy makers need to take steps to increase housing supply, particularly rental stock, according to the chief executive officer of Canadian Imperial Bank of Commerce. → Read More
Rogers-Shaw deal puts feds in a corner on dream of a fourth wireless competitor
There may be little – very little – that Stephen Harper and Justin Trudeau agree on, but their belief in the value of a so-called fourth competitor in Canadian wireless markets is indeed common ground. → Read More
Sleep Country shares surge as sales withstand lockdown measures
Shares of Sleep Country Canada Holdings Inc. surged in early trading Wednesday, after the company exceeded market expectations with what it called “record breaking” fourth-quarter results. → Read More
Big Six banks' mortgage books 'on fire' as housing heats up
The banks are selling more residential mortgages than ever before, and reported sharp increases in their Canadian residential mortgage balances over the past year. → Read More
Bay Street pins hope on dividends, 'loaded spring' economy as Big Six earnings loom
Shares of Canadian banks stocks have rallied since the lenders completed their last earnings season, and it certainly hasn’t been expectations of robust earnings growth in their upcoming quarterly releases that has driven the rally. → Read More
Telus International surges in debut after pricing IPO at top of range
The long-anticipated initial public offering of Telus International (Cda) Inc. is finally complete, with shares surging after hitting the open market Wednesday in Toronto and New York. → Read More
Lower loan losses at U.S. banks a boon for Canada's Big Six
Credit Suisse Analyst Mike Rizvanovic said Bank of Montreal likely stands to benefit the most from an improving credit environment witnessed recently in the United States. → Read More
Home Capital unlocks $7M set aside for bad loans in third quarter
Another Canadian financial institution has taken a distinctly more positive view of credit conditions in the markets it serves. This time it’s alternative mortgage lender Home Capital Group Inc., which released its third-quarter results Wednesday. → Read More
Canadian banks ready first look at how COVID-19 impacted results
Canada’s big banks are due to report their fiscal second-quarter results in the final week of May, and those quarterly reports may be the most keenly awaited corporate numbers in Canada since the financial crisis of 2008-2009. → Read More
A&W sales plunge by 50% since mid-March amid pandemic
Canadians got some sobering insight on how the country’s fast-food sector is faring amid the COVID-19 crisis, when the two companies behind A&W burger restaurants issued a statement on Sunday. → Read More
Miss or beat not the issue for U.S. banks this quarter
For investors, Tuesday’s earnings reports from two big U.S. banks may be the most vital set of bank results in years – but not for what the banks disclose about their own businesses. It’s what they have to say about the state of the U.S. economy, and the health of their customers, that markets will be eager to hear. → Read More