Daily News

Source: Financialpost October 14, 2023

Bank of Canada won't rule out higher rates amid rising geopolitical risks

Higher for longer rates not expected to cause a recession Get the latest from Barbara Shecter straight to your inbox Sign Up Bank of Canada Governor Tiff Macklem says higher interest rates are working to bring down inflation, but with...

Source: Financialpost October 14, 2023

Posthaste: The engine of Canada's economy is losing power

Small businesses employ more than 60% of the country's workforce, but the ranks of entrepreneurs are shrinking We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos fro...

Source: Financialpost October 14, 2023

Howard Levitt: If your employer expresses sympathy for Hamas, here are your options

Options differ depending on whether it is a unionized environment or not Children found bound and shot in the head. Young women raped and killed, their bodies driven through the streets of Gaza and spat upon. Rave participants massacred. A gran...

Source: BNN Bloomberg October 13, 2023

U.S. stocks, bonds fall as CPI boosts Fed-hike wagers

Stocks fell and Treasury yields rose as data bolstered speculation the Federal Reserve is nowhere near declaring victory over inflation — with bets on another hike this year climbing. The S&P 500 halted a four-day advance. Bank shares underperformed ahead...

Source: BNN Bloomberg October 13, 2023

Rising GIC returns broadening their appeal to younger investors

Rising interest rates have pushed up costs for borrowers and made mortgages, car loans and other debt more expensive, but the flip side for savers is the better rates for investments such as guaranteed investment certificates. While among the safest forms...

Source: BNN Bloomberg October 13, 2023

Hunting for decent returns with low risk? Here are the basics of GICs

As interest rates have risen, so has the popularity of guaranteed investment certificates. Here are the basics: What is a guaranteed investment certificate? A guaranteed investment certificate offers a set rate of return while keeping the original amoun...

Source: BNN Bloomberg October 13, 2023

Opportunities in Canadian renewable stocks: John Zechner

A prominent investor says he sees long-term opportunities for certain renewable energy stocks in Canada, despite headwinds facing capital projects. “In the end, for longer-term growth, it's hard to argue that renewables is not where you want to be,” John Z...

Source: BNN Bloomberg October 13, 2023

TSX recap: Index falls 0.83%, erases Wednesday’s gains

Canada's main stock index declined Thursday, led by losses in utilities, base metals and telecom, while U.S. markets also fell after the latest report on inflation south of the border.  The S&P/TSX Composite Index closed down 163.60 points, or 0.83 per cen...

Company News Source: BNN Bloomberg October 13, 2023

Retail analyst 'not surprised' by disappointing Birkenstock IPO

It was a disappointing initial public offering (IPO) day on Wall Street for Birkenstock, but a retail analyst says the brand is still well-positioned in the footwear category. Shares of the shoemaker opened 11 per cent lower than its initial offer price on...

Source: BNN Bloomberg October 13, 2023

Norway wealth fund manager predicts 'wasted decade' for financial markets

The head of Norway’s sovereign wealth fund told a Toronto economics conference that he thinks the next 10 years will be a “wasted decade” for financial markets, without any real returns in the coming years. Nicolai Tangen, the chief executive officer of No...