Daily News

Source: BNN Bloomberg September 28, 2023

TSX recap: Index down 0.61% despite climbing energy stocks

Canada's main stock index declined by more than 100 points on Wednesday despite strength in energy stocks as the price of oil climbed higher, which wasn't enough to offset broad-based losses. The S&P/TSX Composite Index was down 120.17 points, or 0.61 per...

Company News Source: BNN Bloomberg September 28, 2023

Blackstone bets on Canadian immigration to usher in growth

With highly educated immigrants set to grow Canada’s population, one of the world’s largest asset management firms is looking to invest heavily in the country.   Blackstone, the world’s largest alternative asset management company which oversees US$1 trilli...

Source: BNN Bloomberg September 28, 2023

Target closing 9 stores should be a 'signal to regulators': analyst

One senior research analyst says Target Corp.’s decision to close nine stores due to shrink-related issues should act as a sign for policymakers to take action.  On Tuesday, Target said it is closing nine stores across the U.S. due to increases in retail t...

Source: Financialpost September 28, 2023

Canada's population grew by more than a million last year, the highest growth rate in decades

If rate stays consistent, population could double in 25 years Get the latest from Naimul Karim straight to your inbox Sign Up Canada’s population increased by more than 1.1 million, or 2.9 per cent, since July last year, a growth rate...

Source: Financialpost September 28, 2023

The screen struggle is real and TD Bank is making its solution free to the public

Browser extension helps those with accessibility issues avoid stigma, boost productivity When Samantha Estoesta used to get migraines from staring at her computer screen all day at work, she would turn off all the lights or find a dark room and...

Source: Financialpost September 28, 2023

David Rosenberg: Investors and economists are playing with fire

Inverted yield curve is flagging high recession risk while stock market rally never had the necessary underlying fundamentals No matter how you slice and dice it, one thing is clear: the reflexive stock market rally that began last October (and...

Source: Financialpost September 28, 2023

Top headlines: Ottawa rolls out voluntary code of conduct for AI

The latest business news as it happens Today’s top stories We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Top headlines: Ottawa rolls out vol...

News Source: Financialpost September 28, 2023

Posthaste: Canadians could be gearing up to enter the housing market again

Yet many think we're about to enter a recession or are in one already, survey says We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste:...

Banking Source: Financialpost September 28, 2023

Economy doing better than expected in face of higher interest rates, banking watchdog says

OSFI chief Peter Routledge says he's confident Canada's financial system can weather a recession if one hits The head of Canada’s banking watchdog says the economy has been more resilient in the face of higher interest rates and debt service co...

Source: BNN Bloomberg September 27, 2023

U.S. stocks sink as bears take charge, dollar rallies

U.S. stocks sank Tuesday as confidence in the economy waned and investors contemplated a protracted period of high interest rates. The dollar extended its winning streak for a fifth day.  An equity selloff deepened in the afternoon session with the S&P 500...