Daily News

Source: Financialpost September 20, 2023

Today's news: TSX down almost 300 points, U.S. stock markets also move lower

The latest business news as it happens Today’s top stories Canada’s inflation picks up speed in August Big grocers agree to work with Ottawa to stabilize food inflation Unifor extends Ford negotiations for 24 hours after receiving ‘substanti...

Source: BNN Bloomberg September 19, 2023

Wall Street gearing up for U.S. Fed's 'Hawkish pause'

Stocks, bonds and the dollar saw small moves at the start of a busy week for major central banks, whose rate decisions will set the tone for global markets for the rest of the year. The S&P 500 closed near 4,450. Brent oil pared gains after almost hitting...

Market Call Source: BNN Bloomberg September 19, 2023

Andrew Pyle's Top Picks: September 18, 2023

Andrew Pyle, senior investment advisor and senior portfolio manager, CIBC Wood Gundy FOCUS: North American equities  MARKET OUTLOOK: While all eyes will be on this week’s U.S. Federal Reserve meeting, I would argue that energy prices have taken cen...

Source: BNN Bloomberg September 19, 2023

TSX recap: Index falls 0.63% on tech, base metal losses

Losses in technology and base metal stocks helped lead a broad-based decline as Canada's main stock index fell almost 130 points, while U.S. stock markets lost steam midway through the trading day to essentially end flat.  The S&P/TSX Composite Index was d...

Source: Bankofcanada September 19, 2023

Household differences and monetary policy

Deputy Governor Sharon Kozicki talks about how differences in debt, income and savings across households shaped their experience through the COVID-19 pandemic and ho...

Source: Financialpost September 19, 2023

Retail workers are fed up and quitting at record rates

Workers increasingly say the job isn’t worth the wages To be a United States retail worker in 2023 means fielding an onslaught of growing American anxieties about everything from high prices to politics. Increasingly, some workers say the job i...

Source: Financialpost September 19, 2023

Grocery CEOs head to Ottawa to answer Trudeau tax threat — what to expect

Meeting today to work on plan to address food inflation crisis Get the latest from Jake Edmiston straight to your inbox Sign Up The heads of the biggest grocery chains in Canada are expected in Ottawa on Sept. 18 for a hastily arrange...

Source: Financialpost September 19, 2023

Employers and staff are calling a 'truce' on the return-to-office war

Many companies are moving to more flexible models as both bosses and employees compromise on remote work When video conferencing specialist Zoom Video Communications Inc. called staff back to the office last month, it was widely interpreted as...

Source: Financialpost September 19, 2023

Posthaste: Why the Bank of Canada pause won't save the housing market this time

No real recovery until the Bank cuts rates, say economists Good morning, Canada’s housing correction is back. Home sales fell 4.1 per cent in August, we learned late last week — the second monthly decline in a row and the fastest...

Source: Financialpost September 18, 2023

Canadian Western Bank grows in challenging times

Watch: CEO Chris Fowler discusses the impact of higher interest rates on businesses and more Chris Fowler, chief executive, Canadian Western Bank talks with Financial Post’s Larysa Harapyn about how CWB is growing in challenging times. He discu...