Stephanie Hughes
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stephaniehughes.bsky.social
Stephanie Hughes
@stephaniehughes.bsky.social
2.3K followers 180 following 370 posts
Equities Reporter at Bloomberg in Toronto
Prev. Financial Post, BNN Bloomberg
📧 shughes171@bloomberg.net
Posts Replies Media Videos
stephaniehughes.bsky.social
Canada adds 66.6k jobs in October, unemployment rate falls to 6.9%

Full release:

www150.statcan.gc.ca/n1/daily-quo...
The Daily — Labour Force Survey, October 2025
Employment increased by 67,000 (+0.3%) in October, the second consecutive monthly increase, and the employment rate rose 0.2 percentage points to 60.8%. The unemployment rate declined 0.2 percentage points to 6.9%.
www150.statcan.gc.ca
November 7, 2025 at 1:32 PM
stephaniehughes.bsky.social
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...
Ontario Deficit to Shrink Despite Trade Turmoil, Slow Growth
Ontario’s budget shortfall is forecast to improve on stronger tax revenues, though the trade war with the US is keeping the government cautious on its economic growth predictions.
www.bloomberg.com
November 6, 2025 at 7:48 PM
stephaniehughes.bsky.social
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...
BCE Beats Analyst Estimates as Ziply Assets Boost Revenue
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.
www.bloomberg.com
November 6, 2025 at 7:06 PM
stephaniehughes.bsky.social
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...
BNN Market Movers Nov 5 2025 - Cargojet, Iamgold
YouTube video by Stephanie Hughes
www.youtube.com
November 6, 2025 at 2:33 AM
stephaniehughes.bsky.social
ICYMI: "Quantum Firm Xanadu to Go Public in $3.6 Billion SPAC Deal"

www.bloomberg.com/news/article...
Quantum Firm Xanadu to Go Public in $3.6 Billion SPAC Deal
Xanadu Quantum Technologies Inc. said it will go public through a merger with Crane Harbor Acquisition Corp., a US special-purpose acquisition company, in a deal that values the combined business at a...
www.bloomberg.com
November 5, 2025 at 5:19 PM
stephaniehughes.bsky.social
Happy Halloween! 🎃
October 31, 2025 at 10:25 PM
stephaniehughes.bsky.social
ICYMI: "Bell CEO Says Canada’s AI Sovereignty a National Security Issue"

www.bloomberg.com/news/article...
Bell CEO Says Canada’s AI Sovereignty a National Security Issue
BCE Inc. Chief Executive Officer Mirko Bibic said sensitive Canadian data must stay within the country, as geopolitical tensions rise.
www.bloomberg.com
October 30, 2025 at 12:10 PM
stephaniehughes.bsky.social
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...
BNN Market Movers Oct 29 2025 - New Gold, Empire (and other grocers)
YouTube video by Stephanie Hughes
www.youtube.com
October 30, 2025 at 1:28 AM
stephaniehughes.bsky.social
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...
Bell CEO Says Canada’s AI Sovereignty a National Security Issue
BCE Inc. Chief Executive Officer Mirko Bibic said sensitive Canadian data must stay within the country, as geopolitical tensions rise.
www.bloomberg.com
October 29, 2025 at 6:06 PM
stephaniehughes.bsky.social
BREAKING: Bank of Canada cuts policy rate by 25 bps to 2.25%, matching estimates.

Full release:

www.bankofcanada.ca/2025/10/fad-...
Rate announcement to come at 9:45 (ET)
Automatically view the rate announcement the moment it is published.
www.bankofcanada.ca
October 29, 2025 at 1:46 PM
stephaniehughes.bsky.social
ICYMI: "Canada’s Wealthsimple Valued at C$10 Billion in Equity Round"

www.bloomberg.com/news/article...
Canada’s Wealthsimple Valued at C$10 Billion in Equity Round
Wealthsimple Financial Corp. raised C$750 million ($536 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 startu...
www.bloomberg.com
October 29, 2025 at 12:18 PM
stephaniehughes.bsky.social
"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...
Ontario Premier Says He’s Not Sorry for Ad That Blew Up Trade Talks
The leader of Ontario declined to apologize for sponsoring an anti-tariff television commercial that US President Donald Trump used as a reason to terminate high-stakes trade talks with Canada.
www.bloomberg.com
October 28, 2025 at 12:25 PM
stephaniehughes.bsky.social
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...
Canada’s Wealthsimple Valued at C$10 Billion in Equity Round
Wealthsimple Financial Corp. raised C$750 million ($536 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 startu...
www.bloomberg.com
October 28, 2025 at 12:22 PM
stephaniehughes.bsky.social
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...
Ontario to Run Trade Ad That Angered Trump During World Series
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.
www.bloomberg.com
October 24, 2025 at 6:53 PM
stephaniehughes.bsky.social
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...
Canadian Stocks Steady as Trump Halts Trade Talks Over Tariff Ad
Canadian stocks underperformed their US peers at the open on Friday after US President Donald Trump said he would halt trade talks with the country over an advertisement critical of tariffs.
www.bloomberg.com
October 24, 2025 at 2:46 PM
stephaniehughes.bsky.social
"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...
Trump Terminates Trade Talks With Canada Over Reagan Tariff Ad
President Donald Trump said he would immediately halt all trade negotiations with Canada, citing a Canadian advertisement against his signature tariffs plan featuring the voice of former President Ron...
www.bloomberg.com
October 24, 2025 at 2:44 PM
stephaniehughes.bsky.social
ICYMI: "Rogers Beats, Upgrades Cash Flow Outlook as Sports Media Bet Pays Off"

www.bloomberg.com/news/article...
Rogers Beats, Upgrades Cash Flow Outlook as Sports Media Bet Pays Off
Rogers Communications Inc. beat analysts’ estimates in the third quarter, lifted by growth in wireless and media after the company completed a major sports deal and as the Toronto Blue Jays baseball t...
www.bloomberg.com
October 24, 2025 at 2:40 PM
stephaniehughes.bsky.social
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...
Rogers Beats, Upgrades Cash Flow Outlook as Sports Media Bet Pays Off
Rogers Communications Inc. beat analysts’ estimates in the third quarter, lifted by growth in wireless and media after the company completed a major sports deal and as the Toronto Blue Jays baseball t...
www.bloomberg.com
October 23, 2025 at 4:47 PM
stephaniehughes.bsky.social
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!
October 22, 2025 at 12:39 PM
stephaniehughes.bsky.social
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-...
BNN Market Movers Oct 20 2025 - Dye & Durham, Iamgold
YouTube video by Stephanie Hughes
www.youtube.com
October 21, 2025 at 6:11 PM
stephaniehughes.bsky.social
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...
Dye & Durham Tumbles to Record Low After Planto Pulls Offer
Investment company Plantro Ltd. withdrew a proposal to acquire legal software provider Dye & Durham Ltd., saying the board didn’t show much interest in the idea. The shares plunged to a record low...
www.bloomberg.com
October 20, 2025 at 8:51 PM
stephaniehughes.bsky.social
ICYMI: "BCE to Save $1.1 Billion, Expand Internet Service Westward"

www.bloomberg.com/news/article...
www.bloomberg.com
October 20, 2025 at 8:49 PM
stephaniehughes.bsky.social
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...
BCE to Save $1.1 Billion, Expand Internet Service Westward
BCE Inc. plans to save C$1.5 billion ($1.1 billion) in costs and expand home internet services in western Canada and the US to restore growth. The shares fell.
www.bloomberg.com
October 15, 2025 at 7:12 PM
stephaniehughes.bsky.social
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...
The Daily — Labour Force Survey, September 2025
Employment increased by 60,000 (+0.3%) in September and the employment rate rose by 0.1 percentage points to 60.6%. The unemployment rate was unchanged at 7.1%.
www150.statcan.gc.ca
October 10, 2025 at 12:31 PM
Reposted by Stephanie Hughes
twseal.bsky.social
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
Alberta Backs New Pipeline to Boost Canada’s Oil Exports to Asia
Alberta will spearhead an effort to build a new oil pipeline to the Pacific coast, a project that would allow Canada to more than double its shipments of crude to Asian markets.
www.bloomberg.com
October 1, 2025 at 9:54 PM