Daily News

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...

Source: BNN Bloomberg September 27, 2023

TSX recap: Index falls 1.23% on telecom, utilities losses

Canada's main stock index closed down almost 250 points Tuesday with broad-based losses led by the telecom, utilities and base metal sectors, while U.S. stock markets also tumbled. The S&P/TSX Composite Index closed down 244.46 points at 19,556.15. In N...

Market Call Source: BNN Bloomberg September 27, 2023

Brian Acker's Top Picks: September 26, 2023

Brian Acker, president, chief executive officer and chief investment strategist, Acker Finley FOCUS: North American large-cap stocks  MARKET OUTLOOK: As I have been saying for the last year or so, this is a “macro” market. What I mean is, before in...

Source: BNN Bloomberg September 27, 2023

Health trends are set to push this stock higher, analyst says

Consumer demand for soft drinks remains strong, especially for healthy alternatives to energy drinks, according to one analyst. Gerald Pascarelli, equity research analyst covering beverages at Wedbush, told BNN Bloomberg that one company he’s watching disr...

Source: BNN Bloomberg September 27, 2023

Ontario pension discussing SeaCube stake sale to Wren House

Ontario Teachers’ Pension Plan is in talks to sell a stake in SeaCube Container Leasing Ltd. to investment firm Wren House Infrastructure, according to people with knowledge of the matter. The pension fund, which took the cargo-equipment company private in...

Source: Financialpost September 27, 2023

Volkswagen cuts EV output in Germany as demand craters

Curbing production over declining European demand and shrinking government subsidies Volkswagen AG is curbing the production of electric vehicle models at two German plants due to declining European demand and shrinking government subsidies....

Source: Financialpost September 27, 2023

Top headlines: Banking watchdog wants to rein in ultra-long mortgages

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: Banking watchdog wan...

Source: Financialpost September 27, 2023

Diane Francis: Trudeau's diplomatic blunder raises questions about who's really running the show

Is Jagmeet Singh the real prime minister of Canada? Prime Minister Justin Trudeau’s announcement on Sept. 18 that, “Canadian security agencies have been actively pursuing credible allegations of a potential link between agents of the Government...

Source: Financialpost September 27, 2023

Class action against Toronto real estate industry over commissions gets green light

Federal Court has granted approval for a class-action lawsuit alleging price-fixing and anti-competitive practices After two years of deliberations, the Federal Court has granted approval for a class-action lawsuit alleging price-fixing and ant...

Economy Source: Financialpost September 27, 2023

Bank of Canada hikes done, but interest rates to stay high: economists

Only one cut to come in first half of next year The Bank of Canada will hold its key interest rate near the current level of five per cent until the third quarter of 2024, economists say, with growth picking up momentum to end this year....