Posted 4/1/2024, 4:15:29 PM
Canadian Stocks Sink as Tech Drags Market Lower; Nuvei Acquired for $6.3B in Largest Deal
- Canadian stock market down over 100 points, dragged lower by telecom and tech stocks
- Deloitte Canada forecasts Canada likely to avoid recession, begin recovery in 2nd half of 2024
- BYD, China's largest EV maker, reports Q1 sales fell 43% from previous quarter
- Trump Media shares plunge 21% just days after debut, company projects struggles to meet financial obligations
- Private equity firm Advent to acquire payments company Nuvei in $6.3B deal, offers 56% premium to shareholders
