Daily News

Source: BNN Bloomberg October 20, 2023

Tesla is really trying to pivot from being only a car maker: analyst

Tesla disappointed investors in its latest earnings report by missing expectations on revenue and sales, but one analyst believes the car company has its eye on larger things.    Tom Narayan, global auto analyst at RBC Capital Markets, told BNN Bloomberg in...

Source: BNN Bloomberg October 20, 2023

TSX recap: Index falls 0.52% on losses in utilities, financials

Canada's main stock index lost 100 points Thursday, led lower by metals, utilities and financials, while U.S. markets also declined.  The S&P/TSX Composite Index closed down 101.89 points, or 0.52 per cent, at 19,348.81. In New York, the Dow Jones Indus...

Source: Financialpost October 20, 2023

Woman with $3.77 million in investments needs balance between private equity, GICs

79-year-old's income largely comes from interest earned from savings and PE investments, but that's not the best strategyReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchas...

Source: Financialpost October 20, 2023

Philip Cross: Higher inflation risks becoming entrenched in Canada

Core inflation is closer to 4% than 2%. If wage deals cook that in, inflation stays highThe Canadian economy continues to perform better than expected, with Statistics Canada reporting an outsized employment gain for September. Propelled by a similar result...

Source: Financialpost October 20, 2023

Top headlines: Canada Goose plunges to all-time low amid analyst downgrades

The latest business news as it happensToday’s top headlines We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Top headlines: Canada Goose plunges to all-time low amid analyst...

Source: Financialpost October 20, 2023

How to pay less tax this year if you're an incorporated business owner

Jamie Golombek: With Dec. 31 fast approaching, now is the time to review how to pay yourself in 2023Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links...

Source: Financialpost October 20, 2023

The world has already crossed a 'tipping point' on solar power

Solar is set to overpower fossil fuels as the dominant electricity source globally by 2050, and it's also getting cheaperSolar power is set to dominate global electricity markets within the next few decades, and may have already reached an “irreversible tipp...

Source: BNN Bloomberg October 19, 2023

U.S. stocks hit as oil climbs on renewed Mideast Risks

Stocks retreated and oil climbed as Iran intensified its rhetoric against Israel after an explosion at a Gaza hospital that complicated diplomatic efforts to rein in the Middle East conflict. The S&P 500 dropped 1.3 per cent, led by losses in megacaps as T...

Market Call Source: BNN Bloomberg October 19, 2023

Chris Blumas' Top Picks: October 18, 2023

Chris Blumas, portfolio manager, Raymond James Investment Counsel  FOCUS: North American large caps MARKET OUTLOOK: Monetary policy will continue to play a pivotal role in shaping the global economic landscape. Concerns about inflation have prompte...

Source: BNN Bloomberg October 19, 2023

Three stocks to short: portfolio manager

A portfolio manager is predicting a challenging time ahead for equity markets.   Brad Lamensdorf, co-portfolio manager of the Ranger Equity Bear ETF, told BNN Bloomberg on Wednesday he expects inflation along with limited buyers for U.S. debt will lead to a...