Hot tech stocks, SNC-Lavalin’s plan B and good news on the Canadian economy
A lot going on this Friday morning. BlackBerry stormed out of the gates with a big beat on profit and revenue, pushing its stock up almost 7 per cent in pre-market. We got some good news on the Canadian economy for a change, with GDP data beating expectations — and the hottest IPO this year gets underway when Lyft begins trading.
Meanwhile, documents reveal that the embattled SNC-Lavalin did have a Plan B to move the company out of Canada, and Windsor is reeling with news that the Fiat Chrysler auto factory is cutting 1,500 jobs.Inverted yield curves were all the talk this week. A traditional harbinger of recessions, Canada’s bond yield curve followed the U.S. to invert for the first time since 2007.
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