Daily News

Source: BNN Bloomberg October 24, 2023

TSX recap: Index falls 0.36% on weakness in energy, metals

Losses in energy and metals stocks led the way down for Canada's main stock index Monday, while U.S. markets ended the day mixed.  The S&P/TSX Composite Index closed down 68.90 points, or 0.36 per cent, at 19,046.74. In New York, the Dow Jones Industria...

Source: Financialpost October 24, 2023

Will you outlive your money? Here's how to find out

Ted Rechtshaffen: Financial and estate planning isn't quick and simple, but there's no harm in testing the waters online for freeReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from...

Source: Financialpost October 24, 2023

David Rosenberg: The recession has been delayed, but it has not been derailed

This downturn will come in the next few quarters, not the next few yearsThe year 2023 has been a “soft landing” transition much like 2007, when the consensus and many market participants mistakenly assumed the recession would never come, and failed to see th...

Source: Financialpost October 24, 2023

Canada to barely escape recession as higher rates weigh on GDP, economists say

GDP will be flat this quarterCanada will dodge a recession by a narrow margin, economists say, but elevated interest rates will keep economic growth near zero for a while. We apologize, but this video has failed to load. Try refreshing your browser, o...

Source: Financialpost October 24, 2023

Hot new Alberta oil play draws drillers seeking a cheaper, greener crude

Waseca formation holds heavy oilA hot spot for Canadian oil drillers is emerging in a tiny corner of eastern Alberta, drawing companies including Canadian Natural Resources Ltd. and Baytex Energy Corp. in search of cheaper, lower-emissions heavy crude....

Source: Financialpost October 24, 2023

Posthaste: Bank of Canada expected to hold interest rates, but be prepared for surprises

'Although less than 50%, the probability of a rate increase in our opinion is not negligible' We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Bank of Canada expec...

Economy Source: Financialpost October 24, 2023

Why the Bank of Canada and other forecasters keep misreading the economy

Kevin Carmichael: Policymakers know too little about what drives entrepreneurs and executives Get the latest from Kevin Carmichael straight to your inbox Sign Up Abacus Data conducted a fascinating survey recently of smaller companies for Business Dev...

Source: Financialpost October 22, 2023

'They cannot keep up': Striking autoworkers are losing the race against inflation

UAW strike in its sixth week has underscored widening disparity between stagnant wages and ballooning living costsWith the United Auto Workers strike entering its sixth week, the ongoing dispute has underscored a widening disparity between stagnant wages and...

Commodities Source: BNN Bloomberg October 21, 2023

Oil rises for second week amid Israel-Hamas war developments

Oil posted a second weekly gain as developments in the Middle East raised concerns that the conflict may spread, though U.S. efforts to delay Israel’s invasion of Gaza caused prices to edge down on Friday.  After initially resisting a delay in what officia...

Market Call Source: BNN Bloomberg October 21, 2023

Lorne Steinberg's Top Picks: October 20, 2023

Lorne Steinberg, president, Lorne Steinberg Wealth Management FOCUS: Global value stocks and high yield bonds MARKET OUTLOOK: It appears that central banks are gradually winning their war against inflation. The consumer price index is rising at a m...