Daily News

Source: Financialpost September 21, 2023

Opinion: Don't scapegoat grocers and food manufacturers for high food prices

Who's to blame for the current state of affairs? To put it simply: war, energy prices and weather In the ongoing debate over the soaring food prices in Canada, it’s tempting to lay the blame at the feet of the most visible players — the grocery...

Source: Financialpost September 21, 2023

Bank of Canada mulled rate hike in face of stubborn inflation

Deliberations show concerns the pause in September would send message that rate cuts were coming Get the latest from Barbara Shecter straight to your inbox Sign Up When the governing council of the Bank of Canada met at policy-setting...

Source: Financialpost September 21, 2023

RBC proceeds with job cuts on U.S., Canada capital markets desks

Part of broader reductions that may climb above 1,000 positions Royal Bank of Canada pushed ahead with a round of job cuts in its capital markets operations, part of broader reductions announced in August that may climb above 1,000 positions an...

Source: BNN Bloomberg September 20, 2023

TSX recap: Index down 1.34% on broad-based decline

Canada's main stock index fell 1.3 per cent Tuesday in a broad-based decline after the latest inflation print came in higher than expected, while U.S. stock markets also moved lower. The S&P/TSX Composite Index closed down 273.94 points, or 1.34 per cent,...

Source: BNN Bloomberg September 20, 2023

Instacart delivers 16% debut gain after $660 million IPO

Instacart jumped 16 per cent in its trading debut, showing investors are receptive to the online grocery delivery firm’s pivot to advertising and adding momentum to a rebound for initial public offerings with one of 2023’s biggest listings. Instacart’s sha...

Commodities Source: BNN Bloomberg September 20, 2023

Oil steadies near US$95 as risk-off mood vies with upward momentum

Oil steadied after surging to a 10-month high as broader risk-off sentiment cooled a piping hot rally driven by OPEC+ supply cuts and comments from Saudi Arabia’s energy minister shying away from any change in course. Shrinking supplies have ignited a flur...

Market Call Source: BNN Bloomberg September 20, 2023

David Baskin's Top Picks: September 19, 2023

David Baskin, chairman and CEO, Baskin Wealth Management FOCUS: North American large caps  MARKET OUTLOOK: It appears that inflation is now likely to be in the three per cent range for the next few months. It is unlikely that North American central b...

Source: Bankofcanada September 20, 2023

Summary of Governing Council deliberations: Fixed announcement date of September 6, 2023

This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on September 6, 2023. This summary reflect...

Source: Financialpost September 20, 2023

Posthaste: In Canada, the whiff of recession is in the air

Signs of economy's weakness now 'undeniable' Good morning, When the Bank of Canada first began hiking interest rates back in 2022 we were told it could take 18 months to two years for the effects to work through the economy. Well,...

Source: Financialpost September 20, 2023

As Trudeau investigates India, Canada's trade policy hangs in the balance

'The deal was always going to be difficult; now it’s going to be even more so' Get the latest from Naimul Karim straight to your inbox Sign Up It was just four months ago that India’s Commerce and Industry Minister Piyush Goyal at an...