Stephanie Hughes

Canada loses 40.8k jobs in July, below estimates. Unemployment holds steady at 6.9%, est. 7%

www150.statcan.gc.ca/n1/daily-quo...

BCE Q2 Earnings Highlights 📱
🔘Adj. EPS C$0.63, est. C$0.70
🔘Operating revenue C$6.09 billion, est. C$5.94 billion
🔘Adj. Ebitda C$2.67 billion, est. C$2.66 billion

BCE Raises Revenue Guidance After Closing Ziply Deal BCE Inc. missed earnings forecasts on weak wireless subscriber growth, but raised its Ebitda outlook after closing its acquisition of a US broadband provider.

BCE Inc. missed earnings forecasts on weak wireless subscriber growth, but raised its Ebitda outlook after closing its acquisition of a US broadband provider. $BCE

More in my earnings coverage for @bloomberg.com:

www.bloomberg.com/news/article...

Manulife Q2 Earnings Highlights 📊
🔘 Core EPS C$0.95, est. C$0.97
🔘 Total core earnings C$1.73 billion, est. C$1.69 billion

Shopify Shares Surge to Overtake RBC as Canada’s Largest Stock Shopify Inc. surged Wednesday to become the most valuable company in Canada after reporting what Citigroup called a “blowout” quarterly performance.

ICYMI: "Shopify Shares Surge to Overtake RBC as Canada’s Largest Stock"

www.bloomberg.com/news/article...

Manulife Buys Comvest to Build $18.4 Billion Private Credit Unit Manulife Financial Corp. agreed to buy a majority stake in Comvest Credit Partners, creating an $18.4 billion private credit platform as the insurer accelerates its expansion into alternative investme...

Manulife Financial Corp. agreed to buy a majority stake in Comvest Credit Partners, creating an $18.4 billion private credit platform as the insurer accelerates its expansion into alternative investments. $MFC

More from Paula Sambo and I:

www.bloomberg.com/news/article...

Shopify Shares Surge to Overtake RBC as Canada’s Largest Stock Shopify Inc. surged Wednesday to become the most valuable company in Canada after reporting what Citigroup called a “blowout” quarterly performance.

Shopify Inc. surged Wednesday to become the most valuable company in Canada as its market cap rose to C$275 billion, surpassing Royal Bank of Canada in value once again. $SHOP $RY

More from @geoffmorgan.bsky.social and I for @bloomberg.com:

www.bloomberg.com/news/article...

*SHOPIFY CROSSES ROYAL BANK TO BECOME CANADA'S LARGEST STOCK

Prime Minister Mark Carney announcing Canada will provide up to C$700m in loan guarantees and C$500m in grants for the forestry sector to weather escalating US import taxes and diversify

Bloomberg news alerts:
*CANADA TO PROVIDE C$700M IN LOAN GUARANTEES FOR FORESTRY COS.
*CANADA TO GIVE C$500M TO LUMBER SECTOR FOR MARKET DEVELOPMENT

Bombardier Q2 Earnings Highlights ✈️:
🔘Adj. EPS $1.11, est. $1.06
🔘Adj. EBIT $205 million, est. $223.3 million
🔘Revenue $2.028 billion, est. $2.139 billion

Celestica Boosts Revenue Guidance Again as AI Demand Booms Celestica Inc. raised its full-year revenue forecast for the third time in a row as demand grows for its cloud-computing segment.

ICYMI: "Celestica Boosts Revenue Guidance Again as AI Demand Booms"

www.bloomberg.com/news/article...

Bombardier Reports Strongest Jet Order Volume in Over a Decade Bombardier Inc. had its strongest quarter for business jet orders in over a decade and said it’s on pace to meet its full-year guidance, but revenue fell short of expectations.

Bombardier Inc. had its strongest quarter for business jet orders in over a decade and said it’s on pace to meet its full-year guidance, but revenue fell short of expectations.

More in my latest earnings coverage for @bloomberg.com:

www.bloomberg.com/news/article...

Rate announcement to come at 9:45 (ET) Automatically view the rate announcement the moment it is published.

Bank of Canada holds key interest at 2.75%

www.bankofcanada.ca/2025/07/fad-...

Celestica Boosts Revenue Guidance Again as AI Demand Booms Celestica Inc. raised its full-year revenue forecast for the third time in a row as demand grows for its cloud-computing segment.

Celestica raised its full-year revenue forecast for the third time in a row - this time giving its biggest boost since the 2025 guidance was introduced late last year - due to booming demand. $CLS

More in my latest earnings coverage for @bloomberg.com:

www.bloomberg.com/news/article...

YouTube video by Stephanie Hughes BNN Market Movers July 25 2025 - Winpak, Teck Resources

In my Friday Market Movers segment for BNN Bloomberg, I talked about how a second-quarter miss sent both packaging company Winpak and miner Teck Resources into the red last week. $WPK $TECK

Check it out!

www.youtube.com/watch?v=rF0D...

Come for the stock talk, stay for Andrew Bell and I ranting on the rigmarole involved in air travel:

YouTube video by Stephanie Hughes BNN Market Movers July 25 2025 - Winpak, Teck Resources

In my Friday Market Movers segment for BNN Bloomberg, I talked about how a second-quarter miss sent both packaging company Winpak and miner Teck Resources into the red last week. $WPK $TECK

Check it out!

www.youtube.com/watch?v=rF0D...

Rogers Raises Revenue Outlook After Buying Toronto Sports Teams Rogers Communications Inc. beat analysts’ estimates in the second quarter, posting higher sales in its wireless and media divisions, and raised its 2025 revenue outlook after buying control of Toronto...

ICYMI: "Rogers Hikes Revenue Forecast After Toronto Sports Deal"

www.bloomberg.com/news/article...

CN Railway Chops Forecast as Trade War Hits Commodities, Autos Canadian National Railway Co. lowered its earnings guidance for 2025 and removed its outlook entirely for next year as the trade war rattles key sectors the company operates in.

ICYMI: "CN Rail Chops Forecast as Trade War Hits Commodities, Autos"

www.bloomberg.com/news/article...

Rogers Communications Q2 Highlights 📱
🔘Adj. EPS C$1.14, est. C$1.10
🔘Revenue C$5.22 billion, est. C$5.17 billion
🔘Adj. Ebitda C$2.36 billion, est. C$2.35 billion

Rogers Raises Revenue Outlook After Buying Toronto Sports Teams Rogers Communications Inc. beat analysts’ estimates in the second quarter, posting higher sales in its wireless and media divisions, and raised its 2025 revenue outlook after buying control of Toronto...

Rogers beat analysts’ estimates in Q2, posting higher sales in its wireless and media divisions, and raised its 2025 revenue outlook after buying control of Toronto’s basketball and hockey teams. $RCI

More in my earnings coverage for @bloomberg.com:

www.bloomberg.com/news/article...

CN Rail Q2 Earnings Highlights 🚂
🔘 Adj. EPS C$1.87, est. C$1.88
🔘 Revenue C$4.27 billion, est. C$4.34 billion
🔘 Operating ratio 61.7%, est. 64% y/y

CN Railway Chops Forecast as Trade War Hits Commodities, Autos Canadian National Railway Co. lowered its earnings guidance for 2025 and removed its outlook entirely for next year as the trade war rattles key sectors the company operates in.

CN Rail chopped its earnings guidance for 2025 and removed its outlook entirely for next year as the trade war rattles key sectors the company operates in. $CNR

More in my earnings coverage for @bloomberg.com:

www.bloomberg.com/news/article...

TD Bank Needs to Turn on Earnings ‘Afterburners’ to Extend Winning Streak Toronto-Dominion Bank’s stock surge is sustainable, market watchers believe, but only if the bank sends the right message to shareholders and delivers solid earnings for the rest of the year.

ICYMI: "TD Bank Needs to Turn on Earnings ‘Afterburners’ to Extend Winning Streak"

www.bloomberg.com/news/article...

TD Bank Needs to Turn on Earnings ‘Afterburners’ to Extend Winning Streak Toronto-Dominion Bank’s stock surge is sustainable, market watchers believe, but only if the bank sends the right message to shareholders and delivers solid earnings for the rest of the year.

Market watchers say TD Bank's 33% year-to-date stock price outperformance is sustainable, but only if it strikes the right tone to shareholders and delivers blowout earnings for the rest of the year. $TD

My latest for @bloomberg.com:

www.bloomberg.com/news/article...

YouTube video by Stephanie Hughes BNN Market Movers July 15 2025 - Brookfield Renewable Partners

In today's Market Mover segment with BNN Bloomberg, I talked about how Brookfield Renewable Partners shares gained after making an energy framework pact with Google.

Check it out!

www.youtube.com/watch?v=AYfl...

Trump’s Tariffs on Canada Not Priced Into Markets, CIBC Says The latest salvo in US President Donald Trump’s trade dispute with Canada may hit a relatively small pool of goods, but North American stock markets aren’t fully appreciating the risk, according to CI...

ICYMI: "Trump's Tariffs on Canada Not Priced Into Markets, CIBC Says"

www.bloomberg.com/news/article...

YouTube video by Stephanie Hughes BNN Market Movers July 14 2025 - Shopify Inc.

In my Monday Market Movers segment for BNN Bloomberg, I talked about how Shopify shares took off after a Needham analyst upgraded the e-commerce firm as consumer spending held up better than expected. $SHOP

Check it out!

www.youtube.com/watch?v=asxB...