Business
Early bird Boxing Day shoppers in Winnipeg line up calmly for deals – CBC.ca


The price — and temperature — was right for Boxing Day shoppers in Winnipeg Thursday.
Amit Bhalala was among about a hundred people lined up outside the Best Buy in St. James to be there when it opened at 6 a.m.
He was just finishing up his late shift driving a taxi when he passed the electronics store and wondered if he could find the Beats headphones he’s been wanting.
“I was driving my taxi around and I saw the line and I was excited. I dropped my taxi and I’m just waiting here,” he said.
This is his first time Boxing Day shopping.
“Last two winters it was so hard on this day. This time the temperature is very low so it’s worth the wait,” he said.
Big savings
Staff told CBC News, the most popular item this year seems to be the Nintendo Switch, a gaming console, which rings in at about $400.
Jordan Grose was one of the first inside and saved big on speakers and an Xbox. He says being one of the first inside paid off.
“I got in and out pretty quick. I’m already done my shopping, so I’m ready to go home and get started (setting up),” he said.


Grose says he’s been saving up for the electronics, but was still happy for the deal.
“I got a couple hundred bucks off today… It’s just what I was looking for.”
“I’ve been looking forward to getting this for a while.”


Rawleigh Clement Willis picked up some “sick deals” on a smart speaker, a smart light, a charger and a shiatsu shoulder massager. He says he saved about $200.
“It’s kind of fun. It’s festive still. It’s exciting,” he said.
Business
WestJet suspends flights between Toronto and Montreal until next April – CBC News
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Business
Novavax touts non-mRNA COVID vaccine, future of domestic production remains uncertain – Canada News – Castanet.net
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Business
BofA analyst calls Canadian bank stocks a ‘dicey proposition’
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BofA analyst Ebrahim Poonawala entitled a research report on Canadian banks.“Our meetings with bank management teams and industry experts during BofA’s annual Canada Banks Day painted a picture of a worsening macro-economic backdrop. BofA’s Economics team forecasts GDP growth decelerating to 0.8 per cent in 2024 (1.1 per cent 2023) with risks skewed to the downside.
“Our meetings with bank management teams and industry experts during BofA’s annual Canada Banks Day painted a picture of a worsening macro-economic backdrop. BofA’s Economics team forecasts GDP growth decelerating to 0.8 per cent in 2024 (1.1 per cent 2023) with risks skewed to the downside. In terms of fundamentals, an economy that is flirting with recession is likely to serve as a headwind to EPS growth and ROEs for banks while markets discount tail risk events stemming from higher for longer interest rates… A recurring theme during the day was expectations for increasing stress on unsecured lending and commercial, as borrowers begin to feel the impact from higher rates. Stagflation is the worst case scenario (=downside risks to our forecast), while our base case assumes that banks will muddle through what is likely to be an uncomfortable adjustment for the consumer to structurally higher interest rates … We forecast relatively anemic EPS growth 2.





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