Canada, Turkiye set to sign pledge during Carney visit to deepen defence, energy ties, Reuters source says

Published: October 20, 2026 at 1:17p.m. EDTKeith Richards, president and chief portfolio manager at ValueTrend Wealth Management, shares his outlook on Technical Analysis. Keith Richards, President, Chief Portfolio Manager, ValueTrend Wealth ManagementFocus: Technical Analysis Top Picks: State Street Consumer Discretionary Select Sector SPDR ETF, WSP Global, BMO Equal Weight Global Base Metals Hedged to CAD Index ETF MARKET OUTLOOK:On my last BNN show in September, I called ValueTrend’s approach to the markets as the “buy anything but tech trade”. That, of course, was contrarian in light of the market’s sole focus on tech stocks at the time. It would appear that my call for buying “anything else but tech” is coming to fruition. A rotation into undervalued stocks has begun. My view has not changed. The top 10 stocks now hold roughly 40 per cent of the S&P 500 index. Sheer lunacy!!! Soon, nearly 50 per cent of the S&P will be a roll of the dice on AI. The passive share of the market – aka retail investors- hold Index ETF’s. Their exposure keeps climbing. Moreover, large institutional investors such as pension managers also hold significant passive index exposure.

Published: October 20, 2026 at 12:50p.m. EDTVassy Kapelos weighs in on U. S. President Donald Trump’s latest threat to ban Canadian jet brand Bombardier from selling to the U. S. market. WASHINGTON/MONTREAL -- U. S. President Donald Trump has dropped threats against Canadian jet maker Bombardier to ban it from the U. S. market and instead vowed to take “good care” of the company’s workers in Kansas. Trump’s threats in September against Bombardier became a political issue in Kansas, where it employs 1,500 workers in Wichita. The threatened ban prompted calls to the White House from Kansas lawmakers including Republican Senator Roger Marshall, who is facing a tough re-election bid. “We’re going to take care of Bombardier,” Trump told 12 News in Kansas, citing Marshall’s involvement. At a speech Monday, Trump said he would help Bombardier. “I’m going to be helping a certain air company get themselves straightened away... I’ll be helping them because I always viewed them as a Canadian company,” Trump said. “But now I find out they have a presence here, and we’re not hurting them if they’re in Kansas.

Published: October 20, 2026 at 12:24p.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. The U. S. government is set to announce the certification of Boeing’s 737 Max 10 jet Tuesday after years of delays, a U. S. Transportation Department official told The Associated Press. U. S. Transportation Secretary Sean Duffy plans to announce the decision on Tuesday afternoon during a visit to Boeing’s manufacturing plant in Everett, Washington, the official said. The person spoke on condition of anonymity because they were not authorized to speak publicly about the certification ahead of the announcement. The 737 Max 10, which can have up to 230 seats, was introduced at the Paris air show in 2017 to help Boeing compete with rival Airbus. But a series of technical and safety-related concerns slowed the certification of the largest version of Boeing’s 737 Max. Latest updates on company news hereFAA authorization would clear the way for Boeing to begin delivering the Max 10 to airline customers. The company has said it expects to make the first deliveries in 2027.

Published: October 20, 2026 at 12:09p.m. EDTMILAN -- The production of Italian pasta is under threat as a protest by truck drivers in the south of the country over soaring fuel prices and the cost of living blocks deliveries to factories. There are also growing concerns about food supplies in Rome, as transport bottlenecks hamper deliveries from southern Italy to the capital. Italian agriculture lobby group Confagricoltura warned that producers in Sicily would have to destroy large quantities of perishable products if transportation did not resume. Pasta maker Rummo, based in the Campania region, said on Tuesday it had suspended production after running out of ingredients. Almost all major pasta producers in the neighboring region of Puglia, which together with Campania and Sicily form the heartland of Italy’s pasta production, are facing similar difficulties, CEO Cosimo Rummo told daily la Repubblica. “This means that most of Italy’s pasta production has ground to a halt, or is close to,” he said.

Company NewsPublished: October 20, 2026 at 12:00p.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. TORONTO — Sherritt International Corp. says it has received a license from the U. S. government authorizing the purchase and delivery of fuel to its Moa mine and processing operations in Cuba. The company says the fuel license is the first of a series of emergency licenses that will be necessary for it to be able to restart operations at Moa as well as processing and refining in Canada. Sherritt says it submitted its requests for the emergency licenses in co-ordination with Gillon Capital, which is seeking a controlling interest in the miner. Latest updates on company news hereSherritt shut down operations at its Fort Saskatchewan refinery in Alberta earlier this year after running out of the feed inventory it receives from Moa. Operations at the Moa joint venture were paused as Cuba faced fuel shortages after the U. S. cut off access to oil from Venezuela in January.

MarketsPublished: October 20, 2026 at 11:56a.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. TORONTO — Strength in technology stocks helped Canada’s main stock index gain more than 150 points in late-morning trading, while U. S. markets also climbed. The S&P/TSX composite index was up 163.76 points at 36,092.39. Real-time TSX market updates hereIn New York, the Dow Jones industrial average was up 481.09 points at 52,447.12. The S&P 500 index was up 29.90 points at 7,720.63, while the Nasdaq composite was up 50.58 points at 26,481.47. The Canadian dollar traded for 71.19 cents US compared with 70.94 cents US on Monday. S&P 500 market updates hereThe December crude oil contract was down US$1.40 at US$97.14 per barrel. The December gold contract was down US$7.20 at US$4,152.90 an ounce.---This report by The Canadian Press was first published Oct. 20, 2026.