BNN - Friday, May 24, 2024 - 11:00 a.m. (ET) - Segment #3

(Funky hip hop music) spending by canadian consumers rebounded last month. Early numbers from statscan indicate retail sales rose by 0.7% in april. That was the fastest pace of growth since last september. Despite that uptick, however, statscan says sales fell for the 3rd consecutive month in march and are still below levels seen in december. Shares of gildan activewear are trading higher. There's that stock up by about 3% nearing a 52 week high. This comes after the company's board of directors and ceo resigned. Those moves and a 5 month battle with an activist shareholder over the future of the montreal-based clothing maker investment firm browning west will now take control of the board and plans to reinstate former chief executive officer glenn should mandate. >> One thing is to go from here is that both glass lewis and the people both supported the return of mandy and that to me. Says it all. I mean, they they had no confidence in anything that the board was doing any of anything to do with their strategy. I was almost surprising, in fact, that unanimously supported a activist shareholder. >> Shares of electric vehicle maker lucid group are under pressure. There's that stock down 2% and change the company plans to cut about 400 jobs in coming months. With the reductions amounting to about 6% of its workforce. The automaker also expects to take a charge of up to 25 million dollars from the restructuring plan. The cuts come several weeks after lusa posted a wider than expected loss to begin this year. Here's a look at the cryptocurrency that getting a lot of attention again today because what has happened in bitcoin looks like it will happen with the as well. And that is the approval by the sec of exchange-traded funds that invest directly in a in a theory amaury that did happened earlier this year. In the case of bitcoin and was one of the countless that drove bitcoin to an all-time high of theory and has also been rising lately. It's down somewhat today, but the talk in the crypto world is that the sec is taken initial steps towards the approval of and the or base tt ets in the, in the u.s.. Well, andrew bell has his eye on lightspeed commerce is a point of sale technology provider for retailers. It's been raised to buy at cibc. That's right. And docks to sell of course, is back now. It was confirmed has set permanent ceo of the company. >> The company did displease investors a while ago with its plans for it's true. Some investors were concerns about how long profitability would take. It looks as though I maybe you can put up a one-year chart lightspeed. Looks as the company's now to focus on bigger businesses. I mean, it's, it's always going to be in small the small and medium market place, but they do the point of sale technology. Of course, they are going to focus now. Try to get customers at least half a billion dollars a year, not revenue. And at least 200 200 million and cibc says say it has a gigantic total addressable markets about 2.5 million so-called complex as small medium businesses in bus reach out and of course, hospitality. That's another arrow in their quiver. So lightspeed has suffered stab, but rallying a bit like okay as there's also lots of ammo analysts commentary today on the big canadian banks that reported results td. That's right. So national bank downgrading at td, but it got an upgrade again from a cibc. >> In this case, the rbc sounding an optimistic cibc arguing that these worries over the at t money laundering which of course black royal bank in a big way over the past year or 2. Td interesting, the saying on the conference call that they are curtailing growth of their U.S. branches image, all this to and fro with us. Regulators. But cibc says they can still increase revenue from that business. They can improve efficiency and other things and that these concerns over. Strong U.S. growth are over. Because of our some investors out there who believe you cannot look past.

>> The money on issue at td in the united states. Cibc saying in fact, you can look for it it's all over. The damage is priced in. It's such a fascinating story. I mean, the dyke, huge takeover of first horizon was torpedoed by this thing. People td I mean a big sophisticated organization. >> Interesting how they apparently about this and that money laundering think get get out of control. The bike has acknowledge we were sloppy cup. >> There are 10 buys 5 holes and 3 cells. Also you back. Thank you very much. Thank you both for coming by andrew bell to wrap up recent analyst sentiment on td bank and some commentary on lightspeed as well. When comes to weight loss drugs, the pharmaceutical and health industries has seen an increase in demand for those drugs. Of course, we'll have more on that topic after this. Bmax is Canada's first enhanced multi-asset etf with high monthly distributions. Bmax blends multiple equity and fixed income strategies. All in one etf. Bmax on the tsx. Time is money. Let Super SaveHydrovacs save you both.When you book a Super you get a state of the artpowerful hydrovac unit that will save you time on thejob. Super Save Hyrdrovac is the newest fleet of powerfulhydrovac trucks on the Lower Mainland. These unitswill make short work of your tricky excavation, catchbasin cleanout and so much more. Make the right call. CallSuper Save Hydrovac today and get the Blue Guysworking for you. Super Save Group is a CORCertified Safety Conscious company. Check them out atSuperSave.ca Mulvihills Canadian Bank Enhanced Yield etf gives investors premium exposure to Canada's big six banks with monthly distributions and a 9.3% yield. Cbnk is the highest yielding Canadian Bank etf. Mulvihill. Investing for monthly income made easy with hyld. A high income alternative to the s&p 500 and hdiv, outperforming the tsx 60 with a higher yield. Hyld and hdiv, more income every month. From Hamilton ETFs. Take advantage of historically high yields while reducing risk. Td Asset Management offers a large suite of active and passive fixed income investment solutions that can provide income and stability to your portfolio. Td Asset Management. You never know what surprises life has in store. Invico Diversified Income Fund has provided investors with a decade of positive performance. Prepare for whatever's next with Canada's top alternative investment solutions provider, Invico. Reach for the future. Energy Fuels, a leading American uranium producer, is ramping up production to supply expanding nuclear markets and diversifying into rare earth elements, key ingredients in many clean energy and defense technologies. Energy Fuels. Closed captioning of this bnn Bloomberg program is brought to you by Avenue Living Asset Management. Investing in the Everyday. Welcome it. A welcome back. The explosion in demand for weight loss drugs like ozempic has been a big, big topic on markets so far this year. Many other businesses outside of farm are now redesigning products and their offerings because of the effects of these weight loss to talk about this further, we're joined by james sarah. Some calm. She's a health economist at trend weaver j. Thanks a great deal for talking about let's talk about the legacy health care industry. First of all, for what might be the most direct effects that we're seeing from the the really stepped up use of these drugs. What are we seeing there? >> Yeah, so we talk about the legacy health system in. Thanks, paul for having me on. By the we think about hospitals, health insurance companies the fire companies themselves. And in healthcare, things usually slow to change and system-wide. We look at these nice they move very quickly. And that's what we've seen here. So the impact on hospitals and physicians have been from the ground up on the demand side. Consumer saying I want some of because they've seen this in popular culture and friends with diabetes losing weight at the same time. So as we shift to a obesity, this is a global epidemic. According to the world health organization, people want to take a weight loss in their own hands and have you know, well over 100 years. So they're saying this is as a quick fix, which is not, by the way. So the demands the supply side of hospitals and there's this pent-up demand that that which has led to drug shortages and a lot of areas. And so the

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