The former CEO of Sears Canada says ongoing inflationary pressures are weighing heavy on retail giants like Walmart, which is in the midst of a corporate overhaul aimed at reducing costs.

With the S&P 500 Index setting all-time highs, BMO Capital Markets is predicting even more gains through the end of 2024.

A measure of underlying U.S. inflation cooled in April for the first time in six months, a small step in the right direction for U.S. Federal Reserve officials looking to start cutting interest rates this year.

Cisco Systems Inc. gained about 4 per cent in extended trading after giving a solid sales and profit forecast for the current quarter, indicating that some customers are beginning to invest in their computer networks again.

Consumer spending in Canada has continued to show signs of weakness over the past two months, according to fresh data from the country’s two largest banks.

Copper prices breached the US$10,000 per ton mark again this week, propelled by projections of tightening global supplies and heightened demand from the electric vehicle and power sectors, which offset weakening demand from China, the largest consumer of the red metal.

As Canadian investors grapple with a rapidly evolving landscape, BNN Bloomberg sat down with Kevin O'Leary, the chairman of O'Leary Ventures, for his perspective and insights across equity markets, Canadian tax changes, his efforts to buy TikTok and more.

The Bank of Canada says households can weather higher borrowing costs, but flagged rising asset valuations and financial stress among renters as risks to the outlook.