Merry Christmas ever and happy holidays from Dali and Finnian 🎄

I'm on air for my last Bloomberg Squawk radio shift of the year! Terminal subscribers can tune in at SQUA <GO> It'll be a holiday half-day as North American markets close at 1:00 pm ET today. Cheers!

"When everyone is digging for gold, sell shovels"

Last week, I wrote about how Finning enjoyed one of its best years on record during a mining boom that relied on its heavy equipment. $FTT Analysts say that run can continue next year given the federal infrastructure funding push. More in my latest: www.bloomberg.com/news/article...

ICYMI: "Nextdoor Surges After Investor Behind Opendoor Meme Rally Takes Bullish Stance" $NXDR www.bloomberg.com/news/article...

Nextdoor shares were up by nearly 50% at their peak today after the hedge fund manager behind the retail-driven Opendoor rally took a bullish stance on the company. $NXDR More in my latest for @bloomberg.com: www.bloomberg.com/news/article...

Canada adds 66.6k jobs in October, unemployment rate falls to 6.9% Full release: www150.statcan.gc.ca/n1/daily-quo...

Ontario’s deficit is now expected to be C$13.5 billion in fiscal 2025-26, down from the C$14.6 billion projected in the Spring budget. The province expects to return to a surplus in the 2027-28 fiscal year. More in the budget coverage for @bloomberg.com: www.bloomberg.com/news/article...

BCE Inc. came ahead of analyst expectations in the third quarter as the firm’s Ziply Fiber asset drove revenue gains and internet subscriptions. The stock rose the most in almost six months. $BCE More in my earnings coverage for @bloomberg.com www.bloomberg.com/news/article...

In today's Market Movers segment for BNN Bloomberg, I talked about how a big earnings miss put Cargojet at the bottom of the TSX performers list, and strong production put Iamgold well into the green. $CJT $IMG Check it out! www.youtube.com/watch?v=oGZD...

ICYMI: "Quantum Firm Xanadu to Go Public in $3.6 Billion SPAC Deal" www.bloomberg.com/news/article...

Happy Halloween! 🎃

ICYMI: "Bell CEO Says Canada’s AI Sovereignty a National Security Issue" www.bloomberg.com/news/article...

In today's market movers segment for BNN Bloomberg, I talked about how New Gold benefitted from both its Q3 earns and rebounding gold prices, and how Empire and other grocers slipped on souring consumer sentiment. $NGD $EMP Check it out! www.youtube.com/watch?v=agT6...

BCE CEO Mirko Bibic said sensitive Canadian data must stay within the country, as geopolitical tensions rise. More in my latest for @bloomberg.com: www.bloomberg.com/news/article...

BREAKING: Bank of Canada cuts policy rate by 25 bps to 2.25%, matching estimates. Full release: www.bankofcanada.ca/2025/10/fad-...

ICYMI: "Canada’s Wealthsimple Valued at C$10 Billion in Equity Round" www.bloomberg.com/news/article...

"Ontario Premier Says He’s Not Sorry for Ad That Blew Up Trade Talks" via @twseal.bsky.social and @melissagshin.bsky.social: www.bloomberg.com/news/article...

Wealthsimple raised C$750 million in the latest equity round that would value the financial services firm at C$10 billion, making it one of Canada’s most valuable startups. More in my latest for @bloomberg.com: www.bloomberg.com/news/article...

The Ontario government plans to stop running the anti-tariff advertisement that irked President Donald Trump after airing it during broadcasts of baseball’s World Series, Doug Ford said. More from Thomas Seal and I: www.bloomberg.com/news/article...

Canadian stocks are underperforming their US counterpart - but still trading in the green - after Donald Trump said he would halt trade talks with the country over an ad critical of tariffs. More in the market reaction from @geoffmorgan.bsky.social and I: www.bloomberg.com/news/article...

"Trump Terminates Trade Talks With Canada Over Reagan Tariff Ad" via @dwallbank.bsky.social, @decloet.bsky.social and Hadriana Lowenkron www.bloomberg.com/news/article...

ICYMI: "Rogers Beats, Upgrades Cash Flow Outlook as Sports Media Bet Pays Off" www.bloomberg.com/news/article...

Rogers beat estimates in Q3, lifted by growth in wireless and media after the company completed a major sports deal and as the Toronto Blue Jays team that it owns made a run to the playoffs. $RCI More in my latest earnings coverage for @bloomberg.com: www.bloomberg.com/news/article...

I had a great discussion with Danone Canada president Frederic Guichard last week at the Toronto Global Forum. Thank you so much for all those who attended and thank you TGF for the invite!

In my Monday Market Movers segment for BNN Bloomberg, I talked about how Plantro pulling its bid sent Dye & Durham to a new low, and Iamgold's recent acquisition gave the miner a lift. $DND $IMG Check it out! www.youtube.com/watch?v=m98-...

Investment firm Plantro pulled out of a deal to acquire Dye & Durham for C$10.25 per share on Monday, saying the board didn't show enough interest in the idea. Dye & Durham shares hit a record low. $DND More in my latest for @bloomberg.com: www.bloomberg.com/news/article...

ICYMI: "BCE to Save $1.1 Billion, Expand Internet Service Westward" www.bloomberg.com/news/article...

During BCE Inc.'s first investor day in over a decade, the telecom said it plans to save C$1.5 billion in costs and expand home internet services in western Canada and the US to restore growth. More in my latest: www.bloomberg.com/news/article...

BREAKING: Canada adds 60.4k jobs in September, estimate was +5k. Uenmployment stays steady at 7.1%, est. 7.2%. www150.statcan.gc.ca/n1/daily-quo...

Alberta announces it will spearhead an effort to build a new oil pipeline to the Pacific coast by applying to Prime Minister Mark Carney's new Major Projects Office

ICYMI: "Hedge-Fund Guy Lurks Around Drake’s House Trying to Pump a Stock" www.bloomberg.com/news/article...

Meet Eric Jackson, the Toronto hedge fund manager standing in front of Drake's house until the rapper agrees to buy a share of Opendoor, a stock that surged 500% in July. The campaign highlights a post-pandemic meme stock revival. More in my latest: www.bloomberg.com/news/article...

ICYMI: "Rogers Mulls IPO Versus Private Capital as It Builds a Sports Empire" www.bloomberg.com/news/article...

Rogers is drawing broad interest from private investors for a stake in its sports and entertainment business as it debates whether to take its sports assets public in the future. It plans to pursue the last 25% stake in MLSE as soon as next year. www.bloomberg.com/news/article...

A First Nations development organisation is recruiting 31 Indigenous groups to propose a new oil pipeline from Alberta to the northern British Columbia coast. Under the plan, the nations would own as much as 51% of pipeline while a company that would operate the line would own the rest:

ICYMI: "Canadian Stocks Hit a Record, Topping Key Level of 30,000" www.bloomberg.com/news/article...

In today's Market Movers segment for BNN Bloomberg, I talked about Aris Mining. Check it out: www.youtube.com/watch?v=xilh...

In today's Market Movers segment for BNN Bloomberg, I talked about Aris Mining. Check it out: www.youtube.com/watch?v=xilh...

Tariff threats and a weakening economy did little to stop the S&P/TSX Composite's march to a new 30,000 milestone during a year where the index posted 45 closing records - the most since 2021. More from @geoffmorgan.bsky.social, Monique Mulima and I: www.bloomberg.com/news/article...

S&P/TSX COMPOSITE RISES ABOVE 30,000 POINTS FOR FIRST TIME

Baker Hughesie

In today's Market Movers segment for BNN Bloomberg, I talked about how an analyst upgrade put TMX Group into the green, and why Qatar investment gave Ivanhoe Mines a rally. $X $IVN Check it out! www.youtube.com/watch?v=1ndB...

In today's Market Movers segment for BNN Bloomberg, I talked about how an analyst upgrade put TMX Group into the green, and why Qatar investment gave Ivanhoe Mines a rally. $X $IVN Check it out! www.youtube.com/watch?v=1ndB...

Dual rate decision desk mates. #Fed #BOC

*BANK OF CANADA LOWERS KEY RATE TO 2.5%, MATCHING EST. *BOC: CUT APPROPRIATE WITH WEAKER ECONOMY, LESS INFLATION RISK Full release: www.bankofcanada.ca/2025/09/fad-...

ICYMI: "Dye & Durham Shares Sink as Filing Delay Threatens Turnaround" www.bloomberg.com/news/article...

Dye & Durham’s shares briefly had their biggest drop after saying it will miss the financial report filing deadline, adding another hurdle for a company that has already faced activist shareholder pressure this year. $DND More in my latest for @bloomberg.com: www.bloomberg.com/news/article...

British Columbia grants environmental assessment certificate for massive Ksi Lisims LNG project in the north of the province

BREAKING: Canadian inflation quickens to 1.9% y/y in August, estimates were 2% Full release: www150.statcan.gc.ca/n1/daily-quo...