Daily News

Source: Financialpost November 22, 2023

What October's inflation data could mean for mortgage renewals

Wave of Canadians poised to rest their home loansTORONTO — October’s inflation rate fell to 3.1 per cent on a year-to-year basis — down from 3.8 per cent in September — mainly driven by lower gasoline prices, Statistics Canada reported on Tuesday. We...

Source: Financialpost November 22, 2023

Matthew Lau: Here’s a laugh: Ottawa claiming it supports entrepreneurship

Ottawa subsidizes entrepreneurship but only when performed by demographic groups it thinks deserve supportLast week, Justin Trudeau put out a statement to mark Global Entrepreneurship Week. “The Government of Canada,” he said, “is working to remove barriers...

Source: Financialpost November 22, 2023

Joe Oliver: The Trudeau climate plan runs into reality

The stubborn trifecta: missed emission targets, blowback against carbon tax and realization Canada can't change global temperaturesReversing climate change has defined the Trudeau government, generating the incessant virtue signalling and innumerable intrusi...

Source: Financialpost November 22, 2023

Cooling inflation raises odds of Bank of Canada interest rate hold

Inflation in Canada slowed to 3.1% in October, just above the central bank's target range. Here is what economists sayInflation in Canada slowed to 3.1 per cent year over year in October from 3.8 per cent the month before, leading some economists to predict...

Economy Source: Financialpost November 22, 2023

No 'broad handouts': What economists expect from today's fiscal update

Government faces delicate balancing act in addressing housing crisis, rising cost of livingFinance Minister Chrystia Freeland has signalled that Ottawa will focus on housing and the rising cost of living when it tables its fall economic statement on Nov. 21,...

Market Call Source: BNN Bloomberg November 21, 2023

Paul Harris's Top Picks: November 20, 2023

Paul Harris, portfolio manager, Harris Douglas Asset Management FOCUS: North American and global large-caps  MARKET OUTLOOK: The risk is that COVID-19 caused a dislocation in the global economy and extended the monetary lag. If we are going to have...

Source: BNN Bloomberg November 21, 2023

Three stocks show opportunities for growth: portfolio manager

Investors looking to buy a piece of established companies positioned for growth should look for those poised to benefit from economic tailwinds, one portfolio manager advises.    Keith Buchanan, senior portfolio manager at Globalt Investments, told BNN Bloom...

Source: BNN Bloomberg November 21, 2023

Markets today: Tech giants roar as Nasdaq 100 hits 22-month high

The stock market extended its powerful November rally ahead of Nvidia Corp.’s results, with Wall Street breathing a sigh of relief after a US$16 billion sale of 20-year Treasuries lured bond buyers. Shortly after the auction results, benchmark 10-year yiel...

Source: BNN Bloomberg November 21, 2023

TSX recap: Index finishes 0.35% higher amid gains in base metals, technology stocks

Strength in base metals and technology helped Canada's main stock index rise on Monday, while U.S. stocks also rose as November's gains continue.  The S&P/TSX composite index closed up 70.70 points at 20,246.47. In New York, the Dow Jones industrial ave...

Source: Financialpost November 21, 2023

Posthaste: Interest rates would be 200 bps lower if governments spent less, says Scotiabank

Bank of Canada would only have had to raise rate to 3% if government spending hadn't stoked inflation, say economists We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthas...