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☆ Analysts love this gold explorer's stock — and even the most cautious expect it to soar 114%
▼ + stars: | 2024-04-22 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Winmill expects shares to rise 114% to 4.50 Canadian dollars ($3.27) from current levels. Arizona Metals's stock has a consensus price target of 6 Canadian dollars, representing a potential upside of 185%, according to FactSet data. BMO Capital Markets analyst Rene Cartier has a price target of 6.50 Canadian dollars on the stock, giving it upside potential of 209%. Beacon Securities analyst Bereket Berhe, meanwhile, has set a price target of 10.50 Canadian dollars, suggesting a potential upside of 400%. This makes Scotiabank's price target the most conservative among analysts polled by FactSet.

Persons: Kay, bode, Eric Winmill, Winmill, Rene Cartier, Bereket Berhe Organizations: Arizona Metals Corp, Scotiabank —, Scotiabank, AMC, Arizona Metals's, BMO Capital, Beacon Securities, FactSet Locations: Canadian, Phoenix , Arizona, United States, Arizona

☆ Here are Thursday's biggest analyst calls: Nvidia, Costco, Apple, Snowflake, Meta, Nike, Disney, Airbnb & more
▼ + stars: | 2024-04-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Goldman Sachs reiterates Alphabet as buy Goldman said it's sticking with its buy rating following the company's Google Cloud Next event. "We are initiating coverage of Airbnb (ABNB) with a BUY rating and a $190 per share price target." "Following a period of restriction, we are moving to an Overweight rating and a December 2024 price target of $140." "Given the increase in stock price, we believe valuation levels have disconnected from the fundamental outlook." Piper Sandler reiterates Meta as overweight Piper raised its price target on the stock to $600 per share from $525. "

Persons: Evercore, it's bullish, Goldman Sachs, Goldman, Berenberg, TD Cowen, Visa, Oppenheimer, it's, Snowflake, Raymond James, Simona Jankowski, Wells, Morgan Stanley, Moffett, We've, Marsh, Bernstein, Kenvue, underperform Bernstein, Johnson, Needham, Airbnb, CVX, TTE, Piper Sandler, Meta, Piper, Wells Fargo Organizations: JPMorgan, Apple, Mastercard, Barclays, Nasdaq, Nvidia, UBS, Gartner, IT, Deutsche Bank, ATI, Deutsche, Disney, Microsoft, TEAM, " Bank of America, Nike, of America, Citi, Robinhood, MMC, Qualcomm, Johnson, Consumer, Scotiabank, Hamilton Insurance, Costco, ~$ Locations: Albemarle, Chevron

☆ Stocks making the biggest moves midday: Nvidia, Rivian, Moderna, Novavax and more
▼ + stars: | 2024-02-22 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Nvidia earned $5.16 per share on an adjusted basis and $22.1 billion in revenue, higher than the $4.64 per share and $20.62 billion analysts polled by LSEG had expected. Moderna — Shares popped 12% after the vaccine maker beat fourth-quarter revenue expectations , lifted by deferred revenue and cost cuts. Moderna's top line came out to be $2.81 billion, while analysts polled by LSEG had expected $2.50 billion. Quanta Services — The infrastructure stock popped nearly 10% following a fourth-quarter earnings beat. Keurig Dr Pepper reported $3.87 billion in in fourth quarter revenue, below the $3.92 billion expected by analysts, according to FactSet.

Persons: LSEG, Cantor Fitzgerald, Etsy, Rivian, Synopsys, Morgan Stanley, Coty —, TD Cowen, FactSet, Keurig Dr Pepper, Dr Pepper, — CNBC's Michelle Fox, Alexander Harring, Yun Li, Jesse Pound, Pia Singh, Samantha Subin Organizations: Nvidia, Moderna, LSEG, Coty, Scotiabank, Mosaic

TORONTO (AP) — Kristen Campbell made 30 saves in front of a women’s hockey-record crowd of 19,285 fans at Scotiabank Arena, helping Toronto beat Montreal 3-0 on Friday night in the Professional Women’s Hockey League. Minnesota set the previous PWHL mark of 13,316 for its home opener against Montreal on Jan. 6 at Xcel Energy Center. Jesse Compher, Hannah Miller and Victoria Bach — into an empty net — scored in the third period to help Toronto (6-5-0) win its fourth straight. Ann-Renee Desbiens stopped 21 shots for Montreal (6-2-2). Canadian women’s basketball team star Kia Nurse, the cousin of PWHL Toronto star Sarah Nurse, performed the ceremonial puck drop.

Persons: — Kristen Campbell, ”, Jesse Compher, Hannah Miller, Victoria Bach, Ann, Renee Desbiens, Compher, Miller, Bach, Kia Nurse, Sarah Nurse, ___ Organizations: TORONTO, Scotiabank Arena, Toronto, Montreal, Professional Women’s Hockey League, Xcel Energy, Minnesota, Sunday, York Locations: Ottawa , Ontario, Canada, Finland, Minnesota, Toronto

☆ Victor Wembanyama records rare triple-double in San Antonio Spurs win after arriving with ‘Spider-Man Noir’ pregame look
▼ + stars: | 2024-02-13 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +3 min

CNN —A new look and new history for transcendent rookie Victor Wembanyama. “It counts even more because it’s family, it’s from the Spurs.”This was Wembanyama’s second NBA triple-double after posting 16 points, 12 rebounds and 10 assists in January. Devin Vassell and Jeremy Sochan added 27 and 16 points respectively in a much-needed road win for San Antonio. After much success in the previous two decades, the franchise is in rebuilding era that is focused on the development of Wembanyama. Despite the victory, the Spurs remain rooted to the bottom of the Western Conference with an 11-43 record.

Persons: Victor Wembanyama, –, ’, Clint Capela, Wembanyama, Toronto's Scottie Barnes, Mark Blinch, phenom, David Robinson, Robinson, “, ” Wembanyama, Hakeem Olajuwon, Cole Burston, ”, Gradey Dick, Devin Vassell, Jeremy Sochan Organizations: CNN, San Antonio Spurs, Toronto Raptors, NBA, Scotiabank Arena, Atlanta Hawks, Spurs, Reuters, Hall, Raptors, San, Western Conference Locations: Toronto, San Antonio

A month in, the launch of the Professional Women's Hockey League has been by all accounts a resounding win, from multiple attendance records being broken to the quality of play. Women's players have been involved in NHL All-Star Weekend several times now, including longtime U.S. captain Kendall Coyne Schofield stealing the show in the fastest skater event in the 2019 skills competition. Minnesota on Jan. 6 set the record for the biggest crowd to attend a professional women's hockey game with 13,316 at the Wild's home arena in St. Paul. “We’ll continue to lean in and work with the women’s players and have them as part of our world,” Mayer said. “It just makes it a better event.”The only thing that would be better, Coyne Schofield said, is having every PWHL player taking part.

Persons: “, Hilary Knight, Kendall Coyne Schofield, Canada's Sarah Nurse, Igor Shesterkin, we’ve, Coyne Schofield, Nathan Phillips, Mark Walter, Paul, ”, Meghan Duggan, Steve Mayer, “ We’ll, ” Mayer, ” Nurse, Taylor Heise, ” Heise Organizations: Professional Women's Hockey League, NHL, Boston, Olympic, U.S, New York Rangers, Canadian, Los Angeles Dodgers, Premier Hockey Federation, New Jersey Devils, Toronto, Mattamy Athletic Center, Leaf, Toronto's, Montreal, Scotiabank Arena Locations: South Florida, Toronto, Boston , Minnesota , New York, Montreal, Ottawa, Minnesota, St, U.S

Alina Muller has already accomplished plenty in the 10 years since scoring Switzerland’s bronze-clinching goal to become, at 15, the youngest women’s hockey player to win a medal at a Winter Olympics. Another first comes Thursday when she takes part in the Professional Women’s Hockey League’s 3-on-3 showcase game as part of the NHL’s All-Star weekend festivities in Toronto. Political Cartoons View All 253 ImagesNHL chief content officer Steve Mayer said the league has liked to use All-Star Weekend as a way to lean into women’s hockey. Like I must have done something right in life,'” said Team King coach and former Canadian national team player Cassie Campbell-Pascall. The team set a pro women’s hockey attendance record with 13,316 turning out for its home-opening 3-0 win over Montreal.

Persons: Alina Muller, Muller, it's, ”, it’ll, — Kendall Coyne, Steve Mayer, ” Mayer, “, Justin Trudeau, Ottawa’s, Mueller, Alex Carpenter, King —, Billie Jean King —, Hilary Knight, Coyne Schofield, Marie, Philip Poulin, Kloss —, Ilana Kloss —, Carpenter, Taylor Heise, Sarah Nurse, Brianne Jenner, Cassie Campbell, there’s, ” What’s, Pascall, Meghan Duggan, Campbell, “ It’s, Renata, Louis, we’ve, we’re, Toronto’s, Nicole Hensley, Paul, ” Hensley, that’s, Stephen Whyno, ___ Organizations: Professional, Boston, NHL, Canadian, Northeastern, Canada's, Campbell, Canada, ” Scotiabank, Toronto, Mattamy Athletic Centre, Montreal, Scotiabank . Minnesota, Xcel Energy, U.S, AP Locations: Toronto, Europe, Asia, Switzerland, United States, St, Minnesota

☆ These 6 stocks will be non-AI winners of an AI boom, says Scotiabank
▼ + stars: | 2024-01-29 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

While demand for artificial intelligence applications is seeing rapid growth, several non-tech companies are well-positioned to benefit directly from the AI boom over the next few years, according to Scotiabank. This is because although GPUs, the specialized chips that power AI applications, are more efficient, they consume more than twice as much electricity to operate compared to non-AI chips such as CPUs. The Scotiabank analysts named six stocks that they think are well-positioned to capitalize on surging demand for data centers and renewable energy from AI applications. Meanwhile, earlier this week, fellow data center firm Equinix launched a new cloud service that will allow companies to manage their Nvidia AI supercomputing infrastructure to build AI applications. Due to their massive, power-hungry data centers, Scotiabank noted that the tech companies are the largest corporate consumers of renewable power.

Persons: Equinix, AI's Organizations: Scotiabank, Analysts, Digital Realty, Digital, Nvidia, supercomputing, JV, Big Tech, Google, Microsoft, NextEra Energy, NextEra Energy Partners, Brookfield Renewable Partners, Big

☆ UBS sees a 10% spike for gold this year as rate cut speculation swirls
▼ + stars: | 2024-01-22 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Gold prices have increased since the Ukraine War but have soared to record highs since the start of the Hamas-Israel war. Other factors are the weakening US dollar and expected rate cuts from the Federal Reserve. Gold prices could close the year as much as 10% above current levels on the back of potential interest rate cuts, UBS strategists said, despite declines at the start of 2024. Markets are increasingly uncertain that the Fed will begin interest rate cuts in March. Analysts tied the rise to interest rate expectations and the global volatility stemming from the Israel-Hamas conflict.

Persons: Gold Organizations: Federal Reserve, UBS, Federal, Scotiabank, Fed, U.S, Bank of Japan, European Central Bank, World Gold, Analysts Locations: Birmingham, England, Ukraine, Israel, London

We'll also guide you step-by-step on how to use a VPN to watch UFC 297, no matter where you are. ET / 3 a.m. GMT (Sun) / 11 a.m. AWST (Sun)How to watch UFC 297 in the USUS viewers can watch the main event of UFC 297 on ESPN Plus tonight at 10 p.m. UFC PPV + Annual ESPN+ Membership (Bundle) ESPN+ is the home of UFC PPV events, meaning that fans need to purchase a subscription in addition to buying the one-off cards. Where to watch UFC 297 everywhere elseIf you're not in the US, you still have a few options to watch UFC 297. In Canada, UFC 297 will be available as a pay-per-view through most TV providers and directly via UFC Fight Pass.

Persons: Sean Strickland, Dricus Du Plessis, Raquel Pennington, Mayra Bueno Silva, There's, We'll, ExpressVPN, Strickland, Plessis, Dricus du Plessis, Neil Magny, Mike Malott, Chris Curtis, Marc, Andre Barriault, Arnold Allen, Movsar Evloev, Brad Katona, Garrett Armfield, Charles Jourdain, Sean Woodson, Serhiy Sidey, Ramon Taveras, Gillian Robertson, Polyana Viana, Sam Patterson, Jasmine Jasudavicius, Priscila Cachoeira, Malcolm Gordon, Jimmy Flick Organizations: UFC, Scotiabank Arena, ESPN Plus, ESPN, TNT Sports, Amazon, Apple, PlayStation, Samsung, BT, BT Sport, League, LG Locations: Toronto, Canada, Australia, New Zealand, Germany, Italy, Spain, Poland, Switzerland, Asia, Africa, Brazil

The moon rises over the Toronto city skyline as seen from Milton, Ontario, Canada, January 23, 2016. REUTERS/Mark Blinch/File Photo Acquire Licensing RightsTORONTO, Dec 4 (Reuters) - Canadian banks had a mixed fourth quarter but a common theme underlining all the reports was the rise in bad loan provisions, signalling that lenders were strapping in for a shaky economy. Impaired loans related to residential mortgages, real estate and construction were also higher from the prior quarter, indicating that the banks were also being cautious when considering underwriting new loans. He noted that despite the mixed results, the banks reported healthy capital levels, giving investors assurance that the banks remain resilient. Reuters Graphics($1 = 1.3559 Canadian dollars)Reporting by Nivedita Balu in Toronto; Editing by Mark PorterOur Standards: The Thomson Reuters Trust Principles.

Persons: Mark Blinch, Verecan, Colin White, Dave McKay, Mike Archibald, Nivedita Balu, Mark Porter Organizations: REUTERS, Rights, Reuters, Bank of Canada, BOC, Royal Bank of Canada, CIBC, National Bank, Scotiabank, BMO, RBC, Reuters Graphics Reuters, AGF Investments, Reuters Graphics, Thomson Locations: Toronto, Milton , Ontario, Canada

TD said it would be challenging to meet its medium-term adjusted earnings growth target range of 7%-10% in the new fiscal year. It reported adjusted earnings of C$1.83 per share, 7 Canadian cents shy of estimates. RBC reported adjusted earnings of C$2.78 per share, comfortably beating expectations of C$2.62, according to LSEG data. CIBC also beat profit expectations as it set aside smaller-than-expected loan provisions and is slashing costs through a 5% reduction in its workforce, or about 2,400 jobs. The lender, Canada's fifth biggest, reported adjusted earnings of C$1.57 per share, compared with expectations of C$1.53.

Persons: Mark Blinch, Gabriel Dechaine, Kelvin Tran, Victor Dodig, Dave McKay, Niket, Balu, Arasu Kannagi Basil, Shinjini Ganguli, Kirsten Donovan, Mark Porter Organizations: Royal Bank of Canada, REUTERS, Canadian Imperial Bank of Commerce, RBC, National Bank, CIBC, TD Bank, Bank Nova Scotia, Bank of Montreal, Scotiabank, Tuesday, Thomson Locations: Toronto, dealmaking, PCLs, Canada, United States, U.S, Bengaluru

☆ These global stocks are forming the bullish 'golden cross' signal — and have risen every time in the past
▼ + stars: | 2023-11-30 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

The phenomenon, known as a "golden cross," occurs when a stock's 50-day moving average share price rises above the longer-term 200-day moving average. It comes at a time when the S & P 500 has rallied by nearly 10% from a recent low, and charting analysts expect to see the index rise further . The stocks below are about to signal the golden cross pattern. Canadian stock Descartes Systems rose 7% on average in the month after the golden cross. The stock's price action has shown the golden cross forming seven times over the past decade.

Persons: Kevin Krishnaratne, David Weiss, Shagun Singh, Michael Werner, Hayley Tam Organizations: CNBC, Descartes Systems, Stryker Corporation, Deutsche, Nasdaq, Scotiabank, Stryker, RBC, UBS, CNBC Pro Locations: Canadian, Finland, Denmark, Norway, Sweden, Singapore

☆ Canada's TD Bank's fourth-quarter profit falls on higher provisions
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +1 min

Nov 30 (Reuters) - TD Bank Group (TD.TO) reported a fall in its fourth-quarter profit on Thursday, as Canada's second-largest lender set aside more rainy-day funds to cover for potential sour loans. Peer Scotiabank (BNS.TO), which kicked off the Canadian banks' earnings season on Tuesday, also earmarked higher funds to prepare for potential loan losses, dragging its profit down. TD's net interest income - the difference between what banks earn on loans and pay out on deposits - fell nearly 1.8%, to C$7.49 billion. The lender's personal and commercial business posted a 1% decrease in net income, while the U.S. retail unit dipped 17%. The bank's adjusted net income fell to C$3.51 billion ($2.58 billion), or C$1.83 per share, for the three months ended Oct. 31, from C$4.07 billion, or C$2.18 per share, a year earlier.

Persons: Arasu Kannagi Basil, Shilpi Majumdar, Pooja Desai Organizations: Bank Group, Bank of Canada, PCL, Scotiabank, Thomson Locations: U.S, Bengaluru

Cobre Panama has said it is committed to growing more new forest than is impacted by its mine. "We aren't going anywhere," Sabino Ayarza, a representative of the protesting fishermen, told Reuters on Tuesday from his boat. Their grassroots movement, nearly unheard of in business-friendly Panama, has wiped C$11 billion ($7.4 billion) off First Quantum's market value and raised global copper prices on supply worries. The protesters' victory in Panama is emblematic of the outsized and sometimes unexpected influence local communities are having on mining companies worldwide. Cobre Panama accounted for about 46% of First Quantum's overall revenue in the third quarter, according to company data.

Persons: Aris Martinez, Sabino Ayarza, Ayarza, Codelco, Valentine Hilaire, Divya Rajagopal, Fabian Cambero, Christian Plumb, Denny Thomas, Nick Zieminski Organizations: REUTERS, Aris, PANAMA CITY, Minerals, Reuters, Panamanian, Tuesday, Scotiabank, Protesters, First, Thomson Locations: Panama City, Panama, PANAMA, TORONTO, Portugal, Peru, Chile, Macquarie, Mexico City, Toronto, Santiago

View of the Cobre Panama mine, of Canadian First Quantum Minerals, in Donoso, Panama, December 6, 2022. The comments are the first by the company on the future of the Cobre Panama mine's ownership since Tuesday's court ruling. Panama has seen unprecedented public protests after the government signed a new contract with First Quantum for its Cobre Panama mine. MacWilliam told the conference that given the events in Panama, it remains unclear when Cobre Panama will be able to resume operations. The mine closure also has consequences for the Central American nation, as Cobre Panama contributes about 5% to Panama's economy.

Persons: Laurentino Cortizo, Ryan MacWilliam, MacWilliam, Divya Rajagopal, Elida Moreno, Denny Thomas, Chizu Nomiyama, Nick Zieminski Organizations: Minerals, REUTERS, Aris, Rights TORONTO, Quantum, Scotiabank, Reuters, Jiangxi Copper Co, Central, Thomson Locations: Panama, Donoso, Canadian, Jiangxi, Central American, Lincoln

A sign for The Bank of Nova Scotia, operating as Scotiabank, in Toronto, Ontario, Canada December 13, 2021. The lender said earnings in the 2024 fiscal year to Oct. 31 would be impacted by "slowing economic growth across its markets and increasing regulatory capital requirements" but it would also benefit from interest-earning assets. "We expect a challenging environment will persist for consumers and businesses," Chief Risk Officer Phil Thomas told analysts, citing muted Canadian economic growth, continued inflationary pressures and uncertain prospects for rate cuts. Finance chief Raj Viswanathan said deposit and loan growth were also expected to moderate from 2023 levels, noting savings levels have started coming down in Canada with inflation at multi-year highs, leaving consumers with less cash in hand. Its efforts to streamline operations resulted in a restructuring charge of C$258 million, Scotiabank said.

Persons: Carlos Osorio, Phil Thomas, Raj Viswanathan, Mike Rizvanovic, Scott Thomson, Niket, Balu, Krishna Chandra Eluri, Tomasz Janowski Organizations: The Bank of, Scotiabank, REUTERS, Bank of Nova, Finance, Bank of Canada, Thomson Locations: The Bank of Nova Scotia, Toronto , Ontario, Canada, Bank of Nova Scotia, Bengaluru, Toronto

The Bank of Nova Scotia (Scotiabank) logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. It also disrupted Canada's prestigious Giller Prize Gala on Nov. 14, a literary award sponsored by Scotiabank. It claims in its petition that Scotiabank is the biggest foreign shareholder in Elbit, whose weapons were heavily used during Israel's 11-day operation in Gaza in May 2021. The email said Scotiabank was "not the biggest shareholder of Elbit, nor is it the biggest foreign shareholder of Elbit. Eko said it would not comment on the protests at Scotia branches and has not taken part in the protests.

Persons: Chris Wattie, Eko, unitholders, Angus Wong, Wong, Bezhalel Machlis, Nivedita Balu, Denny Thomas, David Gregorio Our Organizations: of Nova, REUTERS, Rights TORONTO, Bank of Nova, Elbit Systems, Scotiabank . Toronto Police, Scotiabank, Global Asset Management, Management, Vanguard Group, BlackRock Institutional Trust, Israel Ministry of Defence, Israel MOD, Thomson Locations: of Nova Scotia, Ottawa , Ontario, Canada, Bank of Nova Scotia, Israel, Elbit, Gaza, Toronto, Scotia

☆ NHL roundup: Flames clip Knights in final seconds of OT
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +4 min

[1/5] Nov 27, 2023; Calgary, Alberta, CAN; Calgary Flames defenseman MacKenzie Weegar (52) controls the puck against the Vegas Golden Knights during the third period at Scotiabank Saddledome. Greer also scored for the Flames, who received a scintillating 27-save performance from goaltender Dan Vladar. Bruins coach Jim Montgomery replaced Jeremy Swayman with Linus Ullmark in the second period after Columbus' second goal. Anthony Cirelli scored and Andrei Vasilevskiy had 20 saves in his second game of the season for the Lightning. Evgeny Kuznetsov scored for the Capitals, who have lost two straight and were opening a five-game road trip.

Persons: MacKenzie Weegar, Sergei Belski, A.J, Greer, Dan Vladar, William Karlsson, Adin Hill, Weegar, Yegor, Jim Montgomery, Jeremy Swayman, Linus Ullmark, Columbus, Matthew Poitras, John Beecher, Sam Reinhart, Sergei Bobrovsky, Sam Bennett, Carter Verhaeghe, Eetu Luostarinen, Aleksander Barkov, Joonas Korpisalo, Alex Tuch, Pekka Luukkonen, Luukkonen, Jimmy Vesey's, Ryan Johansen, Cale Makar, Valeri Nichushkin, Alexandar Georgiev, Nathan MacKinnon, Anthony Cirelli, Andrei Vasilevskiy, Luke Kunin, Fabian Zetterlund, Mackenzie Blackwood, Evgeny Kuznetsov, Darcy Kuemper Organizations: Calgary Flames, Vegas Golden Knights, Scotiabank Saddledome, Calgary, Flames, Golden Knights, Stanley, Blue Jackets, Bruins, Boston, Panthers, Senators, Ottawa, Florida, Sabres, Rangers, Buffalo, New, New Jersey Devils, Avalanche, Colorado, Tampa Bay, Lightning, Sharks, Capitals, San Jose, Washington, NHL, Thomson Locations: Calgary , Alberta, Columbus, Boston, Florida, New York, Denver, San, San Jose

☆ Fund manager reveals one global energy stock to buy right now
▼ + stars: | 2023-11-27 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Total Energies is one energy stock investors should own right now, according to Brian Arcese, portfolio manager at investment firm Foord Asset Management. Total shares are trading at a significant discount compared to shares of Exxon Mobil, Chevron Shell, and BP on a forward price-to-earnings ratio basis at 6.8x, according to FactSet data. While Total is not among the 10 largest investments in Arcese's fund, Foord Asset Management is an investor in the stock. Arcese told CNBC Pro Talks that around 15-20% of Foord's equity portfolio is allocated to commodity and energy stocks. Scotiabank analysts have a hold-equivalent rating on the U.S.-listed stock with a price target of $68, where the stock is currently trading.

Persons: Brian Arcese, Arcese, it's, We've, Morgan Stanley, Paul Cheng, TotalEnergies Organizations: Foord Asset Management, Fund, Exxon Mobil, Chevron Shell, BP, New, Foord, Management, CNBC, Singapore . Commodities, Equity, UBS, Scotiabank, RBC Capital Markets, RBC Locations: New York, Paris, Singapore, U.S, Foord

☆ Canada to add spending for housing amid slow growth and high debt payments
▼ + stars: | 2023-11-21 | by ( Steve Scherer | ) www.reuters.com time to read: +3 min

Canada's Deputy Prime Minister and Minister of Finance Chrystia Freeland attends the Canada-CARICOM Summit in Ottawa, Ontario, Canada October 18, 2023. Housing Minister Sean Fraser on Monday confirmed the government is considering such a measure. Many Canadians are dealing with higher living costs and housing affordability has emerged as the main criticism against the government. Freeland has promised to use the FES to try to boost housing supply and to help Canadians struggling with inflation. The Bank of Canada hiked rates to a 22-year high of 5.00% between March of last year and July of this year.

Persons: Finance Chrystia Freeland, Blair Gable, Chrystia Freeland, Justin Trudeau's, Freeland, Derek Holt, Holt, Sean Fraser, Trudeau, Pierre Poilievre, Steve Scherer, Matthew Lewis Organizations: Finance, Canada, CARICOM, REUTERS, OTTAWA, Canada Finance, Justin Trudeau's Liberal, Scotiabank, Canadian Broadcasting Corp, Toronto Star, Housing, Monday, Conservative, Bank of Canada, Reuters, Thomson Locations: Ottawa , Ontario, Canada, FES, United States, Ottawa

☆ Keen on harvesting tax losses? Scotiabank names 10 Canadian stocks as 'prime candidates'
▼ + stars: | 2023-11-15 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

As the end of the year approaches, investors are likely to be reviewing their portfolios and considering which stocks to sell to harvest tax losses. Tax-loss harvesting is a strategy to offset capital gains tax from stocks that have run up in share price with losses from non-performing stocks. To aid investors, Scotiabank identified several stocks on Canada's TSX Composite index that are down significantly this year but are still rated as "Sector Outperform" by its analysts. "These are prime candidates to keep long-term exposure to despite recent weakness," said Scotiabank analysts led by Hugo Ste-Marie in a note to clients on Nov. 13. Scotiabank pointed out that the top 20 stocks in the S & P 500 index are up significantly this year, while the remaining 480 stocks are showing losses on average.

Persons: Hugo Ste, Marie Organizations: Scotiabank, Stocks, TELUS International, Allied, Trisura, HudBay Minerals, Hudbay Minerals, Capstone, Corp, Ivanhoe Mines, Teck Resources, Tech Locations: Park, Canada, Teck

☆ NBA roundup: Pascal Siakam's late shot pushes Raptors past Wizards
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +3 min

[1/4] Nov 13, 2023; Toronto, Ontario, CAN; Toronto Raptors forward Pascal Siakam (43) scores against the Washington Wizards during the third quarter at Scotiabank Arena. Scottie Barnes added 19 points and nine rebounds for Toronto, Jakob Poeltl scored 13 points and Precious Achiuwa had 10. The Wizards led by as many as 23 points early in the third quarter. Khris Middleton added 13 points while Damian Lillard scored 12 despite shooting 3-for-17 from the fieldNikola Vucevic led the way for the Bulls with 26 points, 12 rebounds and five assists. Evan Mobley added 16 points and 12 rebounds for Cleveland, which has alternated losses and wins for seven games.

Persons: Pascal Siakam, Nick Turchiaro, Siakam, Scottie Barnes, Jakob Poeltl, Precious Achiuwa, Kyle Kuzma, Daniel Gafford, Jordan Poole, Jayson Tatum, Tatum, Jalen Brunson, Julius Randle, Josh Hart, Quentin Grimes, Giannis Antetokounmpo, Bobby Portis, Khris Middleton, Damian Lillard, Nikola Vucevic, Zach LaVine, DeMar DeRozan, Domantas Sabonis, Fox, Sabonis, Keegan Murray, Kevin Huerter, Donovan Mitchell, Evan Mobley Organizations: CAN, Toronto Raptors, Washington Wizards, Scotiabank Arena, Raptors, Toronto, Wizards, Washington, The, Celtics, Knicks, Boston, Bucks, Bulls, Milwaukee, Chicago, Cavaliers, Fox, Sacramento, Cleveland, Thomson Locations: Toronto , Ontario, New York, Sacramento

TORONTO (AP) — Author Sarah Bernstein won the Scotiabank Giller Prize on Monday for her novel “Study for Obedience.”The Montreal-born, Scotland-based author accepted the $100,000 award remotely from Scotland, where she had a baby just 10 days ago. Her novel is about a young woman moving to the remote north where after her arrival, a series of inexplicable events occur. The 100,000 Canadian dollar ($72,000 U.S.) Giller prize honors the best in Canadian fiction. Political Cartoons View All 1244 ImagesThe celebrations were also interrupted early in the broadcast when several anti-Israel protesters jumped onstage. The Giller was created in 1994 by late businessman Jack Rabinovitch in memory of his late wife, literary journalist Doris Giller.

Persons: Sarah Bernstein, Giller, Margaret Atwood, Mordecai Richler, Alice Munro, Jack Rabinovitch, Doris Giller Organizations: TORONTO, Scotiabank, Israel Locations: Montreal, Scotland, Israel

☆ NHL roundup: William Nylander extends streak, Leafs edge Flames
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +4 min

[1/5] Nov 10, 2023; Toronto, Ontario, CAN; Toronto Maple Leafs forward Max Domi (11) goes after a loose puck against the Calgary Flames during the third period at Scotiabank Arena. William Nylander scored twice and had an assist for Toronto to extend his points streak to 14 games -- a team record to open a season. Calle Jarnkrok and John Tavares also scored for the Maple Leafs, who had lost five of their previous six games (1-3-2). Connor Zary, Nikita Zadorov, A.J, Greer and Martin Pospisil scored for the Flames, who had won their two previous games after losing six straight. Panthers 5 Hurricanes 2Rookie defenseman Uvis Balinskis scored his first NHL goal, leading host Florida over Carolina in Sunrise.

Persons: Max Domi, John E, William Nylander, Calle Jarnkrok, John Tavares, Joseph Woll, Connor Zary, Nikita Zadorov, Greer, Martin Pospisil, Dan Vladar, Alec Martinez, Adin Hill, Alex Pietrangelo, William Karlsson, Brett Howden, San Jose, Michael Amadio, Kaapo Kahkonen, Owen Tippett, Travis Sanheim, Cam Atkinson, Sean Couturier, Louie Belpedio, Sam Ersson, Joel Farabee, Leo Carlsson, Uvis Balinskis, Matthew Tkachuk, Carter Verhaeghe, Aleksander Barkov, Kevin Stenlund, Sam Reinhart, Sergei Bobrovsky, Devon Levi, Jeff Skinner, JJ Peterka, Levi, Skinner, Filip Gustavsson, Evgeny Kuznetsov, Nicolas Aube, Beck Malenstyn, Tom Wilson, Charlie Lindgren, Timo Meier, Dawson Mercer, Vitek Vanecek, Akira Schmid Organizations: CAN, Toronto Maple Leafs, Calgary Flames, Scotiabank Arena, Calle, Maple Leafs, Toronto, Flames, Golden Knights, Sharks, Vegas, San, Flyers, Ducks, Philadelphia, Panthers, Hurricanes, NHL, Eastern, Devon, Buffalo, Minnesota, Sabres, Capitals, Devils, Thomson Locations: Toronto , Ontario, Toronto, A.J, San Jose, Las Vegas, Anaheim, Florida, Carolina, Sunrise, Washington, New Jersey, Newark, Nicolas, Kubel

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