Stephanie Hughes
@stephaniehughes.bsky.social
Equities Reporter at Bloomberg in Toronto Prev. Financial Post, BNN Bloomberg 📧 shughes171@bloomberg.net
Canadian equities jumped Wednesday after US President Donald Trump said he would delay new 50% tariffs for three days and added that the two sides were close to a trade deal. From @geoffmorgan.bsky.social and I: www.bloomberg.com/news/article...
Canadian Stocks Climb as Trump Pauses Tariffs on Trade Talks
Canadian equities jumped Wednesday after US President Donald Trump said he would delay new 50% tariffs for three days and added that the two sides were close to a trade deal.
bloomberg.com
*CANADA INFLATION RISES 3.0% Y/Y IN JULY, EST. +2.9%
ICYMI: Air Canada Shares Soar to Pandemic High on Blackstone Deal www.bloomberg.com/news/article...
Air Canada Cuts Outlook After Jet Fuel Cost Soars Nearly 50%
Air Canada shares jumped after it unveiled a deal for Blackstone Inc. and others to buy a minority share in its loyalty program, as well as quarterly earnings that beat estimates.
bloomberg.com
Air Canada drove a lot of headlines (and share gains) when it confirmed Bloomberg reports of a 25% Aeroplan stake sale to Blackstone for C$2.5 billion, valuing the loyalty program at C$10 billion. More in our coverage @bloomberg.com : www.bloomberg.com/news/article...
Blackstone Leads $1.8 Billion Air Canada Loyalty Plan Stake Deal
Blackstone Inc. and a group of Canadian pension funds are buying a 25% stake in Air Canada’s Aeroplan loyalty program for C$2.5 billion ($1.8 billion).
bloomberg.com
BCE Inc. edged ahead of analyst expectations in the second quarter as its artificial intelligence business continues to grow and its media division benefited from the FIFA World Cup. More in @bloomberg.com: www.bloomberg.com/news/article...
BCE Beats on FIFA Boost as AI Business Continues to Grow
BCE Inc. edged ahead of analyst expectations in the second quarter as its artificial intelligence business continues to grow and its media division benefited from the FIFA World Cup.
bloomberg.com
ICYMI: "Gold Miner Cadillac, Backers Seek $258 Million in Canada IPO" www.bloomberg.com/news/article...
Gold Miner Cadillac, Backers Seek $258 Million in Canada IPO
Cadillac Mines Corp. and some of its backers are seeking to raise as much as C$363 million ($258 million) in an initial public offering, adding to the mining-driven rebound of public listing activity ...
bloomberg.com
ICYMI: "Canadian Stocks Climb as Gold Surge Offsets Trump Tariff Threat" www.bloomberg.com/news/article...
Canadian Stocks Climb as Gold Surge Offsets Trump Tariff Threat
Canadian stocks climbed Tuesday despite US President Donald Trump threatening 50% tariffs on the country’s exports, thanks to surging gold prices and a rally in tech hardware stocks.
bloomberg.com
Rogers Communications Inc. beat analysts’ earnings expectations on continued strength in its sports assets - but shares came under pressure during the trading day. More in our earnings coverage @bloomberg.com: www.bloomberg.com/news/article...
Rogers Beats as Growing Sports Empire Gives Further Windfall
Rogers Communications Inc. beat analysts’ earnings expectations on continued strength in its sports assets.
bloomberg.com
Some Bank of Canada headlines this morning: BANK OF CANADA LEAVES KEY RATE AT 2.25%; EST. 2.25% BANK OF CANADA SEES CPI INFLATION AT 2.5% THIS YEAR; PREV. 2.3% BOC FORECASTS CPI INFLATION TO EASE TO 2% NEXT YEAR
During my Friday Market Movers hit for BNN Bloomberg, I talked about Aritzia's blow-out earnings and Cineplex's strong box office pull. Plus, stick around for a bit more movie talk. Check it out! www.youtube.com/watch?v=EQaS...
BNN Market Movers July 10, 2026 - Aritzia Inc, Cineplex Inc.
YouTube video by Stephanie Hughes
youtube.com
CANADA ADDS 18.2K JOBS IN JUNE, EST. 10.0K CANADA JUNE UNEMPLOYMENT RATE FALLS TO 6.5%, EST. 6.6% www150.statcan.gc.ca/n1/daily-quo...
The Daily — Labour Force Survey, June 2026
Employment was little changed in June (+18,000; +0.1%) and the employment rate rose 0.1 percentage points to 60.8%. The unemployment rate declined 0.1 percentage points to 6.5%.
www150.statcan.gc.ca
Jefferies says Canadian bank stocks are running out of runway, pointing to the highest price to projected earnings ratio since February 2006. Bank stocks have far outpaced the broader TSX over the past year. More in my latest for @bloomberg.com: www.bloomberg.com/news/article...
Canadian Banks Too Rich After Searing 66% Run, Jefferies Says
Canada’s biggest bank stocks are running out of runway as valuations have fully priced in future growth, according to analysts with Jefferies Securities Inc.
bloomberg.com
US firms just put a lid on one of the best earnings seasons in years, posting 28% profit growth. They may be upstaged by their Canadian neighbors in the next reporting period as the first half comes to a close. More from @bloomberg.com: www.bloomberg.com/news/article...
Blockbuster S&P 500 Earnings Will Soon Be Eclipsed. Blame Canada
US firms just put a lid on one of the best earnings seasons in years, posting 28% profit growth. They may be upstaged by their Canadian neighbors in the next reporting period as the first half comes t...
bloomberg.com
AtkinsRealis extended a rally on Monday after the Canadian government announced plans to expand its nuclear program, turning analysts more bullish on the Montreal-based infrastructure engineering firm. More in my latest @bloomberg.com: www.bloomberg.com/news/article...
AtkinsRealis Gains on Canada’s Expanded Nuclear Strategy
AtkinsRealis Group Inc. extended a rally on Monday after the Canadian government announced plans to expand its nuclear program, turning analysts more bullish on the Montreal-based infrastructure engin...
bloomberg.com
From last week: Canada’s Wealthsimple is officially launching its prediction markets trading app this summer, in partnership with Kalshi Inc., becoming one of the first financial firms to make the event contracts available in Canada. More @bloomberg.com: www.bloomberg.com/news/article...
Wealthsimple, Kalshi to Launch Prediction Markets App in Canada
Canada’s Wealthsimple is officially launching its prediction markets trading app this summer, in partnership with Kalshi Inc., becoming one of the first financial firms to make the event contracts ava...
bloomberg.com
BCE Inc. reached a deal with Cohere Inc. and other Canadian firms to provide data center capacity and compute to operate artificial intelligence models, continuing the telecom company’s push to expand its AI strategy. More at @bloomberg.com: www.bloomberg.com/news/article...
BCE Reaches Deal to Provide Cohere With AI Computing Power
BCE Inc. reached a deal with Cohere Inc. and other Canadian firms to provide data center capacity and compute to operate artificial intelligence models, continuing the telecom company’s push to expand...
bloomberg.com
BCE Inc. is cutting hundreds of jobs, reducing costs as it plans major investments in its US internet and artificial intelligence businesses. More at @bloomberg.com: www.bloomberg.com/news/article...
Canada’s BCE Cuts 1% of Jobs as It Focuses on AI, Network Build
Canadian telecommunications company BCE Inc. is cutting hundreds of jobs, reducing costs as it plans major investments in its US internet and artificial intelligence businesses.
bloomberg.com
Canadian May employment rises 87.8k month over month, more than the 10k expected. Unemployment came in at 6.6%, lower than the 6.9% expected by economists www150.statcan.gc.ca/n1/daily-quo...
The Daily — Labour Force Survey, May 2026
Employment increased by 88,000Â (+0.4%) in May and the employment rate rose 0.2Â percentage points to 60.7%. The unemployment rate fell 0.3Â percentage points to 6.6%.
www150.statcan.gc.ca
The Canadian equities benchmark hit yet another record high and passed 35,000 for the first time ever on a broadening rally in energy and financials. More in my latest for @bloomberg.com : www.bloomberg.com/news/article...
Canadian Stocks Index Hits 35,000 Amid Rally in Energy
The Canadian equities benchmark passed 35,000 for the first time on a broadening rally in energy and financials.
bloomberg.com
In today's Market Movers for BNN Bloomberg, I talked about how easing farming equipment tariffs helped BRP, and the TSX hit the 35,000 mark for the first time ever. Check it out! www.youtube.com/watch?v=_aW-...
BNN Market Movers June 2 2026 - BRP Inc., TSX Hits 35k
YouTube video by Stephanie Hughes
youtube.com
Bank of Canada holds key policy rate at 2.25% as expected: www.bankofcanada.ca/2026/04/fad-...
Rate announcement to come at 9:45Â (ET)
Automatically view the rate announcement the moment it is published.
bankofcanada.ca
Bloomberg headlines on the Canadian Federal Spring Econ. Update: *CANADA PROJECTS C$66.9B DEFICIT IN 2025-26; PREV EST. C$78.3B *CANADA PROJECTS C$65.3B DEFICIT IN 2026-27; PREV EST. C$65.4B *CANADA DEBT-TO-GDP RATIO 41.5% THIS YEAR, RISES TO 41.9% IN '28
ICYMI: "Rogers Makes 10,000 Employees Eligible for Buyouts to Cut Costs" www.bloomberg.com/news/article...
Rogers Offers Buyout Packages to Staff, Seeking to Cut Costs
Rogers Communications Inc., Canada’s largest wireless company, is making about 10,000 employees eligible for voluntary buyouts as the telecommunications industry deals with major growth and debt chall...
bloomberg.com
Rogers Communications is making about 10,000 employees - about half its staff - eligible for voluntary buyouts as the telecommunications industry deals with major growth and debt challenges. $RCI More in @bloomberg.com: www.bloomberg.com/news/article...
Rogers Offers Buyout Packages to Staff, Seeking to Cut Costs
Rogers Communications Inc., Canada’s largest wireless company, is making about 10,000 employees eligible for voluntary buyouts as the telecommunications industry deals with major growth and debt chall...
bloomberg.com
Rogers Communications Inc., Canada’s largest wireless company, is making about 10,000 employees eligible for voluntary buyouts. The number represents about half of its staff, reports @stephaniehughes.bsky.social
Rogers Offers Buyout Packages to Staff, Seeking to Cut Costs
Rogers Communications Inc., Canada’s largest wireless company, is making about 10,000 employees eligible for voluntary buyouts as the telecommunications industry deals with major growth and debt chall...
bloomberg.com
Rogers' decision to pull back on capital spending and boost free cash flow this year prompted at least two analysts to raise their recommendation on the telecommunications firm after the company released its first-quarter results Wednesday. $RCI www.bloomberg.com/news/article...
Rogers’ Spending Cut Plan Prompts Two Analysts to Boost Ratings
Rogers Communications Inc.’s decision to pull back on capital spending and boost free cash flow this year prompted at least two analysts to raise their recommendation on the telecommunications firm af...
bloomberg.com
This week, Toronto Stock Exchange owner TMX Group Ltd. said it is set to acquire Cboe Global Markets Inc.’s Australian and Canadian units for $300 million. “This is the right transaction at the right time,” said TMX CEO John McKenzie. @bloomberg.com www.bloomberg.com/news/article...
Canada’s TMX Group in Talks to Buy Cboe Australia, AFR Says
Toronto Stock Exchange owner TMX Group Ltd. is set to acquire Cboe Global Markets Inc.’s Australian and Canadian units.
bloomberg.com
From yesterday: Rogers Communications matched analysts’ earnings estimates and raised its 2026 outlook for free cash flow as it cuts capital spending. The shares jumped the most in six years. $RCI More in my earnings coverage for @bloomberg.com: www.bloomberg.com/news/article...
Rogers Hits Estimates, Boosts Cash Outlook on Spending Cut
Rogers Communications Inc. matched analysts’ earnings estimates and raised its 2026 outlook for free cash flow as it cuts capital spending. The shares jumped the most in six years.
bloomberg.com
Rogers Communications has gone from the top performer among Canada’s three big telecommunications companies to the sector’s biggest drag, as a wireless price war threatens to weigh on revenues. $RCI More in my latest for @bloomberg.com: www.bloomberg.com/news/article...
Canadian Telco Rogers Shares in a Tailspin as Price War Heats Up
Rogers Communications Inc. has gone from the top performer among Canada’s three big telecommunications companies to the sector’s biggest drag, as a wireless price war threatens its premium valuation.
bloomberg.com
Aritzia came out on top as the best performer on the TSX yesterday - the only retailer among the top ten performers - as ceasefire headlines and a strong Spring sales season drove investor exuberance. $ATZ More in my latest for @bloomberg.com: www.bloomberg.com/news/article...
Aritzia Shares Soar Most in Nearly a Year on Strong Spring Collection Sales
Clothing retailer Aritzia Inc.’s shares rallied the most in nearly a year and led the Canadian equity benchmark higher on Wednesday, as data showed sales got a big boost from the latest spring collection and prospects for an end to the Iran war broadly spurred risk sentiment.
bloomberg.com