Daily News

Source: BNN Bloomberg September 01, 2023

Investors willing to overlook CIBC Q3 weakness will see an impressive quarter: Barclays

Investors who are willing to overlook the staggering amount of money that the Canadian Imperial Bank of Commerce (CIBC) set aside for bad loans will be able to find a silver lining in the bank’s third quarter results, according to one analyst.    CIBC sur...

Source: BNN Bloomberg September 01, 2023

Tension with China could boost these industrial stocks, expert says

The industrial sector is getting an investment boost amid geopolitical tensions between China and North America, one expert said.    Maxim Sytchev, managing director of industrial products at National Bank of Canada, said any company that is not connected to...

Source: BNN Bloomberg September 01, 2023

Canadian pot stocks jump on reports that U.S. may ease cannabis restrictions

  Embattled Canadian cannabis stocks jumped Thursday on the hope that the U.S. may ease restrictions on the substance.  The Associated Press reported that the U.S. health department has recommended marijuana be moved from a schedule one to a schedule th...

Source: BNN Bloomberg September 01, 2023

TSX recap: Index down 0.19% despite gains from Shopify

Strength in technology stocks led by Shopify Inc. after its deal to help merchants integrate with Amazon.com Inc. wasn't enough to prevent a small loss on Canada's main stock index Thursday, while U.S. stock markets were mixed.  Markets saw some “pretty mo...

Market Call Source: BNN Bloomberg September 01, 2023

Alex Ruus' Top Picks: August 31, 2023

Alex Ruus, portfolio manager, Arrow Capital Management  FOCUS: North American stocks   MARKET OUTLOOK: Expect markets to be choppy over the coming year with wide divergences between various sectors of the market. Individual security selection will...

Source: Financialpost September 01, 2023

CIBC misses expectations as bad loan provisions triple

Third-quarter profit drops by 15 per cent Canadian Imperial Bank of Commerce reported lower profit for the third quarter of 2023, dragged down by a significant jump in provisions for credit losses. CIBC reported net income of $1.47 billion in...

Source: Financialpost September 01, 2023

Taxpayer finds himself on wrong side of CRA when claiming employee expenses

Jamie Golombek: Changes to how travel allowance was calculated and paid trip up B.C. boilermaker Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made thr...

Source: Financialpost September 01, 2023

Posthaste: Economists read the tea leaves of Bank of Canada's July rate hike to decipher its next move

Central bank releases its next decision on Sept. 6 We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Economists read the tea leaves...

Source: Financialpost September 01, 2023

'I feel like crying': Metro workers accept deal to end month-long strike

Ratify second offer after rejecting initial union-recommended deal in July Get the latest from Jake Edmiston straight to your inbox Sign Up Grocery workers on strike from more than two dozen Metro Inc. supermarkets in the Toronto area...

Economy Source: Financialpost September 01, 2023

Falling job vacancies could ease pressure on Bank of Canada

Canada’s job market is showing more signs of softening, giving the central bank leeway to hold rates steady next week Canada’s job market is showing more signs of softening, giving the Bank of Canada some leeway to hold interest rates steady ne...