Bank of Canada holding interest rate steady at 2.75 per cent
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CBC
2 hours ago
- CBC
What happens next after union certification at Amazon warehouse in B.C.?
There are fears that Amazon may pull out of its B.C. operations after a recent Labour Relations Board ruling confirmed union certification at its delta warehouse. Sohrab Sandu reports.
Globe and Mail
2 hours ago
- Globe and Mail
Why CoreWeave Stock Skyrocketed Last Week
Key Points CoreWeave stock saw big gains in connection with news that its buyout of Core Scientific could be blocked. CoreWeave has entered into terms to buy Core Scientific in a $9 billion all-stock deal. Shareholders of both companies have some reservations about the acquisition deal. 10 stocks we like better than CoreWeave › CoreWeave (NASDAQ: CRWV) stock recorded huge gains over the past week of trading. The artificial intelligence (AI) company's share price soared 24.4% higher across the stretch. CoreWeave's big stock rally arrived in conjunction with the news that one of the company's big strategic initiatives could face major hurdles. According to reports, CoreWeave's $9 billion deal to buy Core Scientific could wind up being blocked -- but many investors actually seem to be happy with the news. What's next for CoreWeave? CoreWeave announced on July 7 that it had entered into an agreement to purchase Core Scientific at a $9 billion valuation. Even before the deal was officially announced, rumblings of a potential acquisition were met with negative reactions from CoreWeave shareholders. Some big Core Scientific shareholders are also apparently unhappy with the deal. While terms for the potential buyout have already been agreed to, Core Scientific's shareholders still need to approve the acquisition. Along with bullish valuation momentum for the broader AI space, hopes that the buyout could be scuttled helped power big gains for CoreWeave stock this week. What's next for CoreWeave? If CoreWeave were to complete its acquisition of Core Scientific, it would help the company reduce roughly $10 billion in lease expenses. On the other hand, the all-stock deal would result in a substantial amount of share value dilution for current stockholders -- and some investors and analysts are wondering whether the buyout is in the company's best interest. While news about the potential Core Scientific acquisition will probably continue to play a significant role in CoreWeave stock's near-term performance outlook, the AI cloud computing company has strengths that could allow it to deliver strong returns regardless of how the buyout situation resolves. Should you invest $1,000 in CoreWeave right now? Before you buy stock in CoreWeave, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and CoreWeave wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,427!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,119,863!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025
Globe and Mail
4 hours ago
- Globe and Mail
U.S. CPI Due out Next Week
Monday U.S. Featured Earnings KE Holdings Inc (NYSE:BEKE) (Q2) EPS of 14 cents, compared to 22 cents in the prior-year quarter. Ltd (NASDAQ:MNDY) (Q2) EPS of 17 cents, compared to 24 cents in the prior-year quarter. Oklo Inc. (NYSE:OKLO) (Q2) EPS for loss of 12 cents, compared to loss of $5.17 in the prior-year quarter. Canada Featured Earnings Barrick Mining Corporation ( (Q2) EPS of 44 cents, compared to 35 cents in the prior-year quarter. Altius Minerals Corporation ( (Q2) EPS for seven cents, compared to five cents in the prior-year quarter. Ballard Power Systems Inc. ( (Q2) EPS for loss of 13 cents, compared to loss of 10 cents in the prior-year quarter. Exchange Income Corporation ( (Q2) EPS of 90 cents, compared to 28 cents in the prior-year quarter. Franco-Nevada Corporation ( (Q2) EPS of $1.13 compared to $1.07 in the prior-year quarter. Tuesday U.S. Economic Lookahead NFIB optimism index (July) Consumer price index (July) Monthly U.S. federal budget (July) Featured Earnings Sea Ltd (NYSE: SE) (Q2) EPS of 72 cents, compared to 14 cents in the prior-year quarter. Cardinal Health, Inc. (NYSE:CAH) (Q4) EPS of $2.03, compared to $1.94 in the prior-year quarter. Tencent Music Entertainment Group (NYSE: TME) (Q2) EPS of 19 cents, compared to 15 cents in the prior-year quarter. Canada Economic Lookahead Building Permits (June) In May, the total value of building permits issued in Canada rose by $1.4 billion (+12.0%) to reach $13.1 billion. Featured Earnings CAE Inc. Unlimited ( (Q1) EPS of 20 cents, compared to 47 cents in the prior-year quarter. Artemis Gold Inc. ( (Q2) EPS of 23 cents, compared to two cents in the prior-year quarter. Cineplex Inc. ( (Q2) EPS for gain of 10 cents, compared to loss of 58 cents in the prior-year quarter. DREAM Unlimited Corp. ( (Q2) EPS for gain of 24 cents, compared to loss of 35 cents in the prior-year quarter. MCAN Mortgage Corporation ( (Q2) EPS of 48 cents, compared to 43 cents in the prior-year quarter. Peyto Exploration & Development Corp. ( (Q2) EPS of 52 cents, compared to 57 cents in the prior-year quarter. Wednesday U.S. Featured Earnings Cisco Systems Inc. (NASDAQ:CSCO) (Q2) EPS of 80 cents, compared to 71 cents in the prior-year quarter. Elbit Systems Ltd. (NASDAQ:ESLT) (Q2) EPS of $2.57 compared to $2.08 in the prior-year quarter. Coherent Corp (NYSE:COHR) (Q4) EPS of 71 cents, compared to 45 cents in the prior-year quarter. Canada Featured Earnings AutoCanada Inc. ( (Q2) EPS of 55 cents, compared to 37 cents in the prior-year quarter. Bird Construction Inc. ( (Q2) EPS of 50 cents, compared to 23 cents in the prior-year quarter. CCL Industries Inc. ( (Q2) EPS of $1.14, compared to $1.16 in the prior-year quarter. Calian Group Ltd. ( (Q3) EPS of 99 cents, compared to 93 cents in the prior-year quarter. Hudbay Minerals Inc. ( (Q2) EPS of 11 cents, compared to 24 cents in the prior-year quarter. Hydro One Limited (T.H) (Q2) EPS of 49 cents, compared to 60 cents in the prior-year quarter. Thursday U.S. Economic Lookahead Initial jobless claims (August 9) Producer price index (July) Featured Earnings Applied Materials Inc. (NASDAQ:AMAT) (Q3) EPS of $2.34, compared to $2.12 in the prior-year quarter. Deere & Co. (NYSE:DE) (Q3) EPS of $4.62, compared to $6.29 in the prior-year quarter. NetEase Inc (NASDAQ: NTES) (Q2) EPS of $1.85, compared to $1.43 in the prior-year quarter. Canada Featured Earnings Aya Gold & Silver Inc. ( (Q2) EPS of six cents, compared to five cents in the prior-year quarter. First Majestic Silver Corp. ( (Q2) EPS of four cents, compared to five cents in the prior-year quarter. POET Technologies Inc. ( (Q2) EPS for loss of six cents, compared to loss of four cents in the prior-year quarter. Profound Medical Corp. ( (Q2) EPS for loss of 27 cents, compared to loss of 36 cents in the prior-year quarter. Tidewater Midstream and Infrastructure Ltd. ( (Q2) EPS for loss of four cents, compared to loss of seven cents in the prior-year quarter. WELL Health Technologies Corp. ( (Q2) EPS of 10 cents, compared to three cents in the prior-year quarter. Friday U.S. Economic Lookahead U.S. retail sales (July) Empire State manufacturing survey (Aug.) Import price index (July) Industrial Production (July) Capacity utilization (July) Business inventories (June) Consumer sentiment (prelim) (August) Featured Earnings Flowers Foods, Inc. (NYSE:FLO) (Q2) EPS of 29 cents, compared to 36 cents in the prior-year quarter. Madison Square Garden Entertainment Corp. (NYSE:MSGE) (Q4) EPS for loss of 63 cents, compared to a gain of $1.41 in the prior-year quarter. BitFuFu Inc. (NASDAQ:FUFU) (Q2) EPS of seven cents, compared to one cent in the prior-year quarter. Canada Economic Lookahead Wholesale Trade (June) Wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) edged up 0.1% to $84.2 billion in May. New Motor Vehicle Sales (June) There were 194,524 new motor vehicles sold in Canada in May, an increase of 5.0% from May 2024. Monthly Survey of Manufacturing (June) Manufacturing sales decreased 0.9% in May, driven by declines in the petroleum and coal product and machinery subsectors.
