Daily News

Source: Financialpost September 16, 2023

Trudeau says home prices have climbed 'far too high'

Prime minister faces mounting pressure to act on housing affordability Justin Trudeau says home prices in Canada are too high and his government will take steps to improve affordability for residents who increasingly feel the “promise” of his c...

Source: Financialpost September 16, 2023

'Lipstick on a pig': Businesses say Ottawa's CEBA repayment extension misses crucial point

Deadline to repay CEBA loans extended by year, but that doesn't include a key forgiveness grant Get the latest from Naimul Karim straight to your inbox Sign Up Tina Hamlin, who runs a home decor company in Vancouver, was initially ela...

Source: Financialpost September 16, 2023

Has Canada actually undercounted its population by a million?

'You are comparing oranges and apples' says Statistics Canada's Laurent Martel Get the latest from Naimul Karim straight to your inbox Sign Up A CIBC Capital Markets Inc. report released last month suggested there are about a million...

Source: BNN Bloomberg September 15, 2023

Stocks climb on bets Fed can achieve soft landing

Stocks rose after strong economic reports revived speculation the Federal Reserve will be able to engineer a soft landing even if it keeps interest rates higher for longer. The euro fell on bets the European Central Bank will stay on hold after hiking on Thur...

Source: BNN Bloomberg September 15, 2023

​Homebuilding stocks positioned to rise: Analyst

Homebuilding stocks have outperformed the S&P 500 this year and one analyst says they will continue to rise in the months ahead.    Joe Ahlersmeyer, equity research analyst at Deutsche Bank, told BNN Bloomberg on Thursday that home building stocks have skyro...

Source: BNN Bloomberg September 15, 2023

TSX recap: Index climbs 1.42% on broad-based rally

Canada's main stock index gained almost 300 points on a broad-based rally led by base metal stocks as the price of oil reached US$90 per barrel, while U.S. stock markets also rose. The S&P/TSX Composite Index closed up 288.90 points, or 1.42 per cent, at 2...

Company News Source: BNN Bloomberg September 15, 2023

Dye & Durham suffers record drop on Canadian property struggles

Dye & Durham Ltd.’s share price is the latest victim of the slowdown in Canada’s struggling property market, as the real estate software maker’s stock sustained its biggest one-day plunge ever on Thursday. The Toronto-based company fell 19 per cent, the mo...

Market Call Source: BNN Bloomberg September 15, 2023

Stan Wong's Top Picks: September 14, 2023

Stan Wong, portfolio manager, Scotia Wealth Management FOCUS: North American large caps and ETFs  MARKET OUTLOOK: Staying true to historical seasonality patterns, the months of August and September (thus far) have demonstrated to be a more challeng...

Source: Financialpost September 15, 2023

Joe Oliver: Liberals on the same path of self-inflicted ruin as the Soviets

Growing gap between Ottawa's version of reality and the facts on the ground becoming apparent to Canadians The Soviet Union ultimately collapsed from internal contradictions related to a faltering ideology, limited free speech, economic mismana...

Source: Financialpost September 15, 2023

Trudeau calls on major grocers to create plan to stabilize food prices or face conseqences

5 largest grocers will be asked to come up with plan by Thanksgiving LONDON, Ont. — The federal government is demanding major Canadian grocers come up with a plan to stabilize prices, drawing pushback from the food industry....