Daily News

Source: BNN Bloomberg November 11, 2023

Expert recommends her top insurance stocks

The insurance industry still has pricing power over consumers and an expert says investors could stand to benefit from this. Cathy Seifert, vice president of research at CFRA, told BNN Bloomberg that she is bullish on property casualty insurance, reinsuran...

Source: BNN Bloomberg November 11, 2023

TSX recap: Index ticks up on strength in energy

Canada's main stock index rose to make a small gain Friday, buoyed by strength in energy stocks, while U.S. markets rallied to end the week, led by a two-per-cent gain on the Nasdaq.  The S&P/TSX Composite Index closed up 67.06 points, or 0.34 per cent, at...

Source: Financialpost November 11, 2023

The rush into short-term mortgages is reversing as higher-rate reality sets in, says CMHC

Optimism wanes that interest rates will fall quicklyCanadian consumers are increasingly forgoing mortgages with terms of less than three years, a shift the Canada Mortgage and Housing Corp. (CMHC) sees as a sign of waning optimism that interest rates will de...

Source: Financialpost November 11, 2023

Howard Levitt: My 'never-hire' list is growing as new petition also glosses over Hamas' atrocities

Petitioners so focused on demonizing Israel they ignore the blatant human rights violations by HamasI have just added 700 names to our law firm’s never-hire list. We apologize, but this video has failed to load. Try refreshing your browser, ortap here...

Source: Financialpost November 11, 2023

David Rosenberg: Canada can't count to a million — and it's skewing the data policymakers need

Underestimating population growth erodes reliability of readings on jobs, housing and productivityBy Dylan Smith and Atakan Bakiskan A thoughtful approach to immigration has been a historical strength of Canadian economic policy. The recent post-COVID-19 im...

Source: Financialpost November 11, 2023

Higher for longer — and maybe forever: Bank of Canada deputy says ultra-low rates may not return

Carolyn Rogers warns interest rates aren't likely to return to pre-pandemic levels any time soonBank of Canada senior deputy governor Carolyn Rogers laid out the central bank’s view of the interest rate path going forward at an event in Vancouver Nov. 9 and...

Economy Source: Financialpost November 11, 2023

Trudeau government outlines $500 million in spending cuts

Cuts aimed at assuring Canadians that fiscal responsibility is a priority amid high interest rates and stubborn inflationPrime Minister Justin Trudeau’s government has unveiled the details of $500 million in spending cuts, aiming to assure Canadians that fis...

Source: BNN Bloomberg November 10, 2023

Markets today: 2-year yield tops 5% on Powell’s ‘sterner’ tone

Treasury yields surged, while stocks finished lower as Jerome Powell threw cold water on Wall Street’s dovish wagers. Just eight days after his speech had fueled bets the U.S. Federal Reserve was done with hikes, Powell said officials won’t hesitate to tig...

Source: BNN Bloomberg November 10, 2023

CPP Investments earned 0.1% net return in second quarter

The Canada Pension Plan Investment Board earned a net return of 0.1 per cent in its second quarter. The fund manager says it saw losses in fixed income and weakness in public equities as global markets declined. Offsetting the losses were strength in cr...

Source: BNN Bloomberg November 10, 2023

Analyst picks memory hardware stocks entering an up cycle

Hardware stocks with a focus on memory technology have been lacklustre performers for the past few years, but one analyst says several companies in the space are about to post revenue pick ups.   Matt Bryson, equity research analyst covering enterprise hardw...