Market news |

Amazon is pulling out of the race for the broadcast rights to Indian cricket, which is estimated to be worth more than US$6.4 billion. (Photo: Michael Weir for Unsplash)


• The Bank of Canada wants crypto regulation to follow the market. The number of Canadians owning crypto-assets is growing rapidly and efforts to regulate the sector must begin to keep pace, a senior Bank of Canada official said, noting that many people may not understand the risk to invest in products like Bitcoin.

• Tesla cancels three online recruiting events scheduled for June in China. Tesla has canceled three online recruitment events for China scheduled for this month, after chief executive Elon Musk threatened to cut jobs at the electric car maker, claiming it was « overstaffed » in some areas.

• Scarcity to come for investment banks after a very good year. A lack of IPOs, a slump in equity prices and slowing global economic growth cloud the earnings outlook for global investment banks, after pandemic spending by governments and central banks fueled an exceptional year 2021.

• Survey in the UK on the dominance of browsers for mobile devices from Apple, Google. UK antitrust authorities have said they plan to investigate the dominance of mobile browsers from Apple and Google, as well as the iPhone maker’s restrictions on games in its app store .

• Amazon is pulling out of the race for Indian cricket broadcasting rights. U.S. tech multinational Amazon won’t bid for broadcast rights to India’s Premier League cricket, which is estimated to be worth more than US$6.4 billion, a source familiar with it said company plans.

(Re)read all market news


Futures contracts for Canada’s main equity index are down slightly in response to weak gold prices.

Wall Street futures fell, following the trend seen for global equities pending the release of data on a likely rise in US inflation.

Oil prices are ahead, benefiting from the very strong American demand for fuel.

The US dollar and Treasuries are trading in positive territory.


• Rogers Communications and Shaw Communications: Canadian antitrust regulators want to expedite the case to block the C$20 billion purchase of Shaw Communications by Rogers Communications, anticipating a challenge hearing in five to six months. A spokesperson for Canada’s Competition Bureau told Reuters on Thursday that the competition commissioner wants to follow a fast-track process; the competition tribunal’s website says that would mean a hearing in five to six months, whereas that period is normally a year. Rogers and the Bureau could, however, work toward a settlement even if the case goes to court. Rogers offered to sell Shaw’s Freedom mobile unit to allay competition authorities’ concerns, but the Bureau said that was not enough. Even with an accelerated schedule, the dispute increases uncertainty about the transaction, which is expected to close on July 31. An alternative would be for Rogers and Shaw to agree to extend the closing date.


• D2L: Raymond James cuts its target price from C$16 to C$10 due to a decline in subscription revenue outlook for the year 2023.


8:30 a.m. (approximately) Capacity utilization rate (T1): previous 82.9%

8:30 a.m. (approximately) Average hourly wage, permanent jobs, var. annual (May): previous 3.4%

8:30 a.m. (approximately) Change in employment rate (May): consensus 30,000; previous 15,300

8:30 a.m. (approximately) Seasonally adjusted unemployment rate (May): consensus 5.2%; previous 5.2%

8:30 a.m. (approximately) Var. seasonally adjusted, employment rate, full-time (May): previous -31,600

8:30 a.m. (approximately) Var. seasonally adjusted, employment rate, part-time (May): previous -47 100

8:30 a.m. (approximately) Activity rate (May): previous 65.3%


June 10 and 13

No publication of major results is expected.


10:00 a.m. Sagen MI Canada: annual general meeting of shareholders

2:00 p.m. Sierra Metals: annual general meeting of shareholders


No major coupon detachment expected today.

All analyst forecasts are based on I/B/E/S data from Refinitiv.

Laisser un commentaire