BNN - Wednesday, May 22, 2024 - 09:00 a.m. (ET) - Segment #7

maritimes at locally owned grocers. Dartmouth's gateway meat market is no stranger. Consumers lining up for their prices, but or tamara seelig says they are now operating at maximum capacity. We're just trying to adjust and you know, running and a crew to keep up and we're having, you know, deliveries that may be where 4 days a week we're getting, you know, 8.10 a week. Seelig says shopping for food can be deflating for residents, noting some will skip a week of groceries to pay for other bills. Given the costs receipts always detail. >> How much money they're saving, so will give them their total and they'll the amount of times that new customers will look at our cashiers. >> And just be flabbergasted or think that they missed something or that there is a problem is bittersweet herself as well as calling and st. Jon know no matter where the boycott goes next. They have made dozens of new lifelong customers over the past 3 weeks. >> We'll be right back with more on cae that stock under some pressure this morning. Stay with us. Closed captioning of this bnn Bloomberg program is brought to you by Avenue Living Asset Management. Investing in the Everyday. At Odyssey Trust, we're more than just a transfer agent. We're on a mission to deliver peace of mind by making things simple, fast and easy. We're proud to be the trusted partner of over 1000 clients in Canada and the United States. At Pet Valu, we treat your pet like our pet. Well, Georgie, it's time for adult food. And there's a lot of great options to choo... too choose from. They grow up so fast. I know... I do this like ten times a day. Invest in the top performing Canadian bank etf, hcal from Hamilton ETFs. Hcal offers enhanced growth potential and higher monthly income for long term investors. Get more with hcal, the top performing Canadian Bank etf. What will you do when the power goes out? Power outages can be unpredictable and inconvenient, but with a GeneracHome Standby Generator, your life goeson uninterrupted, because you'll have powerwhen you need it the most. After the hurricane happened, we just want to beprepared for anything. And if you call now,you will also receive a free 5 year warrantyvalued at over $700. Call or go online nowto request your free quote. Power your life with Generac. Gold, Gold, Gold, Gold, Gold, Gold, Gold, Gold, Gold, Gold, Gold, Gold, Gold, Gold, Gold, Gold, Gold, Gold, Gold, Gold, I got to gold. Champion Iron offers a rare solution to decarbonize the steel industry. Which represents up to 10% of global emissions. The company recently doubled production capacity at its mine in eastern Canada. It is now investing to produce one of the world's purest iron ore. Enabling green steelmaking without the use of coal. Controlling a large portfolio of high purity iron ore resources. Champion is considering strategic partnerships to further develop the region. Champion Iron. >> You're watching the open on bnn bloomberg. I'm generally been canadian pension giant cpp just were reported its annual results in coming up, we'll talk with the ceo jon graham about the investing landscape and the outlook from here. Let's get to some of the stories we're tracking in our bnn bloombrg newsroom. Canada's banking regulator says homeowners may face payment shock when they renew their mortgages. In a new report, the office of the superintendent of financial institutions. Singled out for key risks to the financial system, including real estate securities lending and mortgages. We hear from the head of osfi later today. Target shares are under some pressure. Haftar. >> Weak sales in the latest quarter and profit that missed expectations. Target says shoppers bought. More beauty items, but less of other discretionary items like apparel. A target is still sticking with its full-year sales and profit forecasts. London drugs says it is unwilling and unable to pay a multi million dollar ransom to cyber criminals who claimed to have stolen data in an attack that recently shut down its stores for more than a week. The company says they're criminals could leak stolen corporate files containing employee information calls the

situation distressing. Linda drugs is providing staff with credit monitoring and identity theft protection. What's happening in the markets at this hour? We're the U.S. markets are mixed to flat. The tsx today is lagging. After the record run up that we saw off about 100 points. Part of that is the weakness we're seeing oil and gold. Let's ake a look at both of those assets. Wti in new york is down by about one percent right now as the market digests latest inventory data in the united states. On the gold front, quick look at what's happening with the price of bullion. It is down by $39, an ounce at this hour on the loonie front, quick look at what's happening with the canadian dollar, which us weaker against the greenback. And in the bitcoin world as a. Crypto watchers keep tabs on whether there's a etf approval process that takes place this week. We're seeing bitcoin give up a little bit of gains yesterday. It's not about a 10th of a percent. And then one stock that we've been watching today is cae. It's under some pressure. The company reporting preliminary numbers that fell short of expectations on bay street. Andy bell's been tracking the ca story. Yeah, the focus here woes in the defence and appears to be of these big part of it is. >> The legacy older defence contracts in which they're not makig as much money. So they came out with a pre release of their acute for profit. Personally wants to get this out into the market and you can see the stock down about a percent right now. Q4 adjusted ebit was 126 million. The street was looking for about 218 million and then the adjusted earnings for share only $0.12 for q4. And the street was looking for more than $0.40. Plus jon, I think you've been talking about this, a bunch of write downs, a 19 million dollar unprofitable, unfavorable profit adjustment. I as a result of acceleration, risk recognition. And then also a red goodwill impairments north of 560 million dollars. So it looks as though a lot of these folks at these woes are focused right now on that fence business. And finally a defence are sorry, a management leon tedious has been named to the new position of chief operating officer and he'll have overall responsibili for the several making simulators for civil aviation, civil defence segments. Now in terms what might try to take away from this beyond just the near-term challenges for the business. What else is being talked about? Well, benoit, benoit poirier, you who's the analyst there action he downgraded cae to a hold this week. Now he says he's sticking with us, holds that today. But he we expect a negative reaction at first glance and sure enough for saying that. But interestingly, he says given the leverage situations, the dash as situation and the goal of remaining investment. Great have. I mean, that's good. That keeps their borrowing cost. We did not expect management to be materially active on the share buyback. They have the option they, they've had to share buyback approved by the tsx. But desjardins prediction right now is not going to be throwing a lot of cash all right, andy, thanks very much. Like usually that rate down cae the story and he is watching cpp. Another story we are watching the pension fund giant just coming out with its annual will here. >> From the ceo, jon graham coming up. 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. 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. That grimey film on your teeth... Dr. G? That's actually the buildup of plaque bacteria, which can cause cavities. Unlike other toothpastes, Crest Pro-Health's Antibacterial Fluoride fights bacteria for 12 hours. It stops cavities before they start. Crest. Hi Phil Swift here for FlexSuper Wide Duct Tape.Just check outhow wide this It's so widewe built this race boat. Not only can it speedacross the water, but our super strong backingcan take the pounding and our powerful adhesiveholds the boat together. Yee-Haa! Now that's whatI'm talking about. Woo Hoo! Get Flex Super Wide Duct Tape.

At the cse, we're always invested in public markets, in business, in growth, in you. Hi I'm Taylor Thoen. Coming up on btv. There's been over 11,000,000oz of additional resources found since 2020 by people working in the Tombstone Gold Belt in the Yukon. To date, we've only found that two deposits. But there's nine known gold bearing intrusions on our rc gold project. More potential outside of the discoveries that we've made already. Watch us online or here on bnn Bloomberg. Crave, The most talked about... Sounds intense. ... most anticipated shows... You step out of line even once. ... All right here. Subscribe now atCRAVE.CA. Closed captioning of this bnn Bloomberg program is brought to you by Avenue Living Asset Management. Investing in the Everyday. Time for today's edition of the list where we crunched the numbers to give you investing insights today. We are exploring the length of bull markets. We spoke this week with strategist ryan dietric who noted that the s&p 500 bottomed out in october of 2022. That means the some people market stands at about 19 months and well, that might seem long. It's actually much shorter than the average bull market since world war ii dietrich look back at it doesn't bull market since then and found that the average length is more than 60 months or roughly 5 years. He also notes this bull market is up about 40% from its 2022 lows, whereas the average return 2 years off a bear market lows. Typically 58% teacher, it sees more gains for stocks driven by better than expected earnings and encouraging signs on the fight against inflation. Well, a solid stock market has helped out the latest performance for cpp. The canadian pension fund giant. And we will hear from the ceo jon graham about that performance and is investing outlook. Coming up next. (Upbeat electronic music) The main focus of Urbana is asset growth. Building the assets of this company. We invest in public securities. Everybody does that, but we also combine it with private equity investments, which is very, very important. And that's where you can make some real money. And the beauty is you're buying it at a discount a discount from asset value. I think we do contain risk extremely well. We have a very, very experienced team and we've got results over a long term period of time. It's all right here for you to see and try at VectorVest.ca Market timing indicators that work. Simpler, clearer advice. Strategies that pay off. And analysis tools second to none. Try it risk free, The future is not just going to happen. You have to make it. And if you want a successful business, all it takes is an idea, and Now becomes the Future where you grew a dream into a reality. The all new godaddy airo. Put your business online in minutes with the power of ai. ( ) ( ) The infiniti qx60 exemplifies modern luxury. With powerful suv performance, three rows of comfort, and a sleek-yet-daring design. ( ) Lease a 2024 qx60 from 0.99% apr for up to 24 months. Visit INFINITI.ca. ( ) Harvest Healthcare leaders Enhanced Income etf. Maximize your monthly cash flow from Canada's leading healthcare etf. More income from Healthcare Leaders. Harvest ETFs, income happens here. Well, canadian pension giant cpp

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