5 things to know before the Wednesday open: Broken win streak | Fed meeting | Sliding Gucci sales - CNBC

Published: October 23, 2026 at 9:40a.m. EDTApple’s first folding phone arrives in stores on Friday, bringing the advantages of a flexible display to iPhone loyalists. Such devices also have their own unique care and protection considerations. Folding screen phones have their upsides. Owners can have a pocket-size device that expands into a bigger seamless screen and can also act as its own stand or tripod. But the technology also requires a bit more attention than a traditional smartphone. Many users have reported shipping dates for preorders of the Duo are slipping into January, so buyers could face delays. Apple hasn’t posted any online information yet on how to take care of the Duo, and the company didn’t respond to a request on whether it plans to. But rival phone makers like Samsung and Google that have been making folding devices for years have put out guidance on caring for the devices. Here’s a look at what they advise: Should you get a screen protector? It dependsOwners of traditional smartphones know it’s wise to get a screen protector to minimize damage to the glass. For folding phones, it’s a little more complicated.

Published: October 23, 2026 at 9:39a.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. OTTAWA — Statistics Canada says retail sales rose 1.2 per cent to $74.6 billion in August, helped by higher new car sales. The agency says sales were up in all nine of the subsectors it tracks, led by increases at motor vehicle and parts dealers which gained 1.2 per cent, boosted by a 1.5 per cent rise at new car dealers. Core retail sales, which exclude gasoline stations and fuel vendors and motor vehicle and parts dealers, were up 1.1 per cent for the month. Latest economic news on BNNBloomberg.caThe food and beverage retailers subsector gained 1.1 per cent, while general merchandise retailers added one per cent. In volume terms, overall retail sales rose 1.2 per cent in August. Looking ahead, Statistics Canada says its advance estimate of retail sales in September suggested a gain of 0.7 per cent for the month, though it cautioned the figure would be revised. This report by The Canadian Press was first published Oct. 23, 2026.

Published: October 23, 2026 at 9:04a.m. EDTRogers now owns the Leafs, Raptors, Argos, Toronto FC and the Blue Jays after purchasing the remaining MLSE stake for $4.3B. TORONTO — Rogers Communications Inc. reported a third-quarter profit attributable to shareholders of $482 million as its total revenue edged up two per cent compared with a year ago. The company says the profit amounted to 88 cents per diluted share for the quarter ended Sept. 30. The result compared with a profit of $5.71 billion or $10.54 a year ago when it saw a $5-billion non-cash gain related to its stake in Maple Leaf Sports and Entertainment and $151-million gain on the redemption of long-term debt. Latest updates on company news hereOn an adjusted basis, Rogers says it earned $1.29 per diluted share in its latest quarter, down from an adjusted profit of $1.37 per diluted share a year ago. Revenue totalled $5.44 billion, up from $5.35 billion in the same quarter last year, while service revenue amounted to $4.78 billion, up from $4.74 billion.

Published: October 23, 2026 at 8:55a.m. EDTJohn Ing, CEO of Maison Placements Canada Inc., joins BNN Bloomberg to discuss Barrick Mining earnings. Newmont beat analysts’ third-quarter profit estimates on Thursday, as elevated gold prices and a recovery in copper production at its Cadia mine in Australia boosted earnings. Gold prices averaged US$4,204.59 per ounce during the quarter, up about 17.6 per cent from a year earlier, as investors sought safe-haven assets despite a stronger dollar and inflation concerns tied to higher oil prices during the U. S. war on Iran. Quarterly revenue rose 15 per cent to US$6.36 billion, while copper production jumped 35 per cent from the previous quarter to 23,000 tonnes as Cadia recovered from a prior-quarter disruption. Shares of the company were up 1.5 per cent in extended trading. Newmont said it was advancing its Red Chris Block Cave joint venture in the British Columbia province of Canada toward a final investment decision in early 2027. The project is expected to produce about 3 million ounces of gold and more than 850,000 tonnes of copper over an initial 13-year cave life. Commercial production is targeted for 2033.

Published: October 23, 2026 at 8:45a.m. EDTTrade Minister LeBlanc reacts to Trump’s comments on Bombardier and the importance of protecting the aerospace sector. U. S. President Donald Trump said late on Thursday Canadian jet maker Bombardier was investing US$270 million in the United States, days after he dropped threats to ban the company from the country. Trump’s September threats against Bombardier became a political issue in Kansas, where it employs 1,500 people in Wichita. The threatened ban prompted calls to the White House from Kansas lawmakers, including Republican Senator Roger Marshall, who is facing a tough race in the November 3 elections. Bombardier will recruit for 500 roles across the U. S. and is planning to create an extra 300 jobs through expansion projects, the company said in a statement on Friday. Latest updates on company news hereThe expansion will include an initial investment of about $270 million for infrastructure growth in the first phase, per the statement. “Based on our constructive conversations with the U. S.

BNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. Futures are lower as oil prices reach levels not seen since May amid halting efforts to bring the U. S. and Iran back to the negotiation table. Futures for the S&P 500 fell 0.3 per cent Friday, while Dow Jones futures slid 0.6 per cent. Nasdaq futures dipped 0.1 per cent. Brent crude, the international standard, rose 1.6 per cent to US$114.92 per barrel on Friday. U. S. benchmark crude oil jumped 1.8 per cent to $101.22 per barrel. Gasoline prices in the U. S. are rising again. The national average for a gallon of regular gas rose 2 cents to $4.29 Friday, according to the AAA, compared with $3.07 a gallon a year ago. Stay on top of your portfolio with real-time data, historical charts and the latest news on oilHigher oil prices have weighed on stocks. The price for a barrel of Brent crude oil leaped four per cent on Thursday and has shot up from less than $97 at the start of the month on uncertainty about when the war with Iran will allow the global energy industry to return to normal.