Daily News

Market Call Source: BNN Bloomberg September 23, 2023

Gordon Reid's Top Picks: September 22, 2023

Gordon Reid, president and CEO, Goodreid Investment Counsel FOCUS: U.S. equities  MARKET OUTLOOK: As we begin to exit the seasonably weak late summer period, markets appear poised to rally into year-end. The August to September correction, albeit m...

Source: BNN Bloomberg September 23, 2023

The Week Ahead: employment and GDP data due

Monday, Sept. 25 Notable earnings: Thor Industries Notable guests: Edward Morse, global head of commodity research, Citi Group Tuesday, Sept. 26 Notable data: S&P CoreLogic Case-Shiller Home Price Index (July), U.S. FHFA House Price Index (...

Source: Financialpost September 23, 2023

National Bank CEO warns of harsh 'new reality' for fixed-rate mortgage borrowers

Better positioned than many of its larger rivals to navigate a downturn, CEO says National Bank of Canada is better positioned than many of its larger rivals to navigate a downturn that’s poised to hit banks’ balance sheets and customers, accor...

Source: Financialpost September 23, 2023

Alberta wants to leave the CPP: Can they do that and what does it mean for the rest of Canada?

Can Alberta really walk off with half the CPP? The Financial Post's Ian Vandaelle answers your questions A new LifeWorks study commissioned by the Alberta government says the province could be entitled to take $334 billion — more than half of a...

Economy Source: Financialpost September 23, 2023

Canadian consumers are buying less but paying more

Retail sales rose in July, but that was mostly due to higher prices Retail sales increased in July, suggesting Canadians still had some dry powder to spend despite high inflation and interest rates, but that was mostly due to higher prices as v...

Source: BNN Bloomberg September 22, 2023

Wall Street trading roiled by 'post-Fed hangover'

Stocks fell the most since March, while Treasury 10-year yields climbed as the latest reading on the labor market just reinforced the case for the Federal Reserve’s higher-for-longer stance. The S&P 500 dropped 1.6 per cent. All major U.S. equity benchmark...

Market Call Source: BNN Bloomberg September 22, 2023

Christine Poole's Top Picks: September 21, 2023

Christine Poole, CEO and managing director, GlobeInvest Capital Management FOCUS: North American large-cap stocks  MARKET OUTLOOK: The U.S. economy has remained resilient, but cracks in the economy are starting to appear. Excess savings built up du...

Source: BNN Bloomberg September 22, 2023

TSX recap: Index falls 2.09% on base metal and tech losses

Losses in base metal and technology stocks helped lead a broad-based decline Thursday as Canada's main stock index fell more than two per cent and U.S. stock markets also tumbled. The S&P/TSX Composite Index closed down 423.07 points at 19,791.62. In Ne...

Source: Financialpost September 22, 2023

Posthaste: Ouch — variable-rate mortgages have cost Canadian homeowners big money

Variable rate borrowers have paid 63% more in interest than fixed over past two years Remember when variable-rate mortgages were all the rage. Canadians have traditionally tended toward a fixed-rate, but when the Bank of Canada lowe...

Source: Financialpost September 22, 2023

Proposed French language rules could become a 'nightmare' for Quebec's small businesses

Experts say the rules will dissuade temporary workers from coming to Quebec The Quebec government is looking at new French proficiency rules for temporary workers, but business leaders say the program should be left alone since they are already...