Singapore Taps JPMorgan, Others in Plan to Lift Stock Market - Bloomberg.com

Published: October 23, 2026 at 2:26p.m. EDTScott Unger, co-founder and CEO of Kahua, joins BNN Bloomberg to discuss the barriers for construction companies to deploy AI. AI use is widespread in construction, but significant returns remain elusive. A Kahua survey found that only eight per cent of respondents reported significant value from their AI investments. BNN Bloomberg spoke with Scott Unger, CEO of Kahua, to discuss the survey’s findings and what they reveal about the construction industry’s adoption of artificial intelligence. How to set BNN Bloomberg as your preferred source on GoogleKey TakeawaysAI embedded directly into construction applications can deliver greater value than tools used separately from core business processes. Human review remains essential to check AI-generated information before accepting it as fact. Complex construction projects generate vast amounts of data that AI can help manage throughout design, construction and ongoing operations. Consolidating systems can reduce data silos created by numerous applications and project stakeholders.

BNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. NEW YORK — Stocks slipped on Wall Street Friday under increasing pressure from rising oil prices. The S&P 500 fell 0.4 per cent, adding to its decline from a day before. The index is on track for a second-straight week of losses. The Dow Jones Industrial Average fell 591 points, or 1.1 per cent, as of 1:52 p.m. Eastern time. The Nasdaq composite was down 0.1 per cent after giving up a modest gain. Rising oil prices weighed heavily on the market, where three out of every four stocks within the benchmark S&P 500 index fell. The price for a barrel of Brent crude oil rose 2.8 per cent to US$111.69. It has surged from less than $97 at the start of October and is now at its highest level since March. Several AI-related companies made big moves. Micron Technology jumped 3.4 per cent and Microsoft rose 0.7 per cent, helping ease the impact on major indexes from a drop for most stocks. Advanced Micro Devices jumped 1.9 per cent. S&P 500 market updates hereThe tech sector’s influence is also capable of quickly switching over to a heavy weight.

Published: October 23, 2026 at 1:51p.m. EDTRichard Dufresne, chief financial officer at Loblaw Companies, joins BNN Bloomberg to discuss the company's performance and discuss their growth strategy. BRAMPTON — Loblaw says it is starting to notify about two million Canadians who were affected by a data breach in March with specifics about which personal information of theirs leaked. The grocer is notifying affected consumers directly about the breach, which may have revealed data including their name, email address, home address, date of birth, loyalty card number, certain purchase order details and partial payment card information. Although, it says the extent of the leak is different for everyone and not all types of information were involved for every customer. Latest updates on company news hereLoblaw is also advising customers on next steps and asking them to beware of unexpected emails, calls or texts. It is offering complimentary credit monitoring and identity restoration services through TransUnion.

Published: October 23, 2026 at 1:40p.m. EDTDerek Lessard, analyst at TD Cowen, joins BNN Bloomberg to share his Hot Picks in consumer products. Recent share price weakness has put several consumer businesses under scrutiny. Auto repair, specialty food and bottled water offer opportunities for those looking beyond the recent declines. BNN Bloomberg spoke with Derek Lessard, analyst at TD Cowen, about his picks of Boyd Group Services, Premium Brands and Primo Brands, and why he believes their shares have room to recover. How to set BNN Bloomberg as your preferred source on GoogleKey TakeawaysLessard sees margin improvements, acquisition synergies and operating leverage as key earnings drivers for Boyd beyond same-store sales. Premium Brands’ completed capital spending program could support stronger free cash flow, while a potential distribution business sale could help reduce debt. Limited-time offers have added sales volatility at Premium Brands, but Lessard says underlying demand remains strong. Lessard believes Primo Brands’ merger integration challenges are behind it, with retail market share gains supporting its recovery prospects.

Published: October 23, 2026 at 1:31p.m. EDTOTTAWA — Canada and the EU are continuing negotiations on a digital trade agreement that would make it easier for businesses to buy and sell across borders. International Trade Minister Maninder Sidhu was in Ireland on Thursday to push forward negotiations ahead of next week’s Canada-EU Summit in Montreal. In a statement, Sidhu says Canada and the EU are “closing in on an agreement” to help “create less friction” around e-signatures and e-contracts, paperless trade, secure cross-border data flows, duties on electronic transmissions and e-commerce. Sidhu says Canada exported nearly $15 billion in digital services to the EU in 2024 and there is an opportunity now to grow that further with an agreement in place. Prime Minister Mark Carney has been working on establishing closer links with Europe, and European Commission President Ursula von der Leyen has suggested Canada could become the first associate member of the European Union. The two sides are expected to announce the next steps in the deepening partnership at the Canada-EU Summit. This report by The Canadian Press was first published Oct. 23, 2026.

Published: October 23, 2026 at 1:11p.m. EDTTim Regan, managing director at Kingwest & Company, shares his outlook on North American Large Caps. Tim Regan, Managing Director, Kingwest & CompanyFocus: North American Large CapsTop Picks: GFL Environmental, Citigroup, Thomson ReutersMARKET OUTLOOK:The stock market has become concentrated. Research by Apollo Global Management found that about 23 artificial intelligence (AI) and energy stocks drove the S&P 500’s return this year while the other 477 companies collectively returned zero per cent. In the United States, enterprise is awake. The investment in AI is real. The uncertainty is who will earn an adequate return on it. Semiconductor share prices already reflect substantial expectations for future growth. That makes their value difficult to assess with confidence. We would rather miss part of a rising market than pay for economics we cannot yet see. Rising bond yields add another consideration. The 10-year US Treasury yield has risen from 4.21 to 5.29 per cent this year, raising borrowing costs, including for companies financing the AI build-out with debt. Rates are not high by historical standards.