Daily News

Source: BNN Bloomberg August 31, 2023

U.S. stocks up again in 'bad news is good news' world

Stocks rose for a fourth straight day as another batch of economic reports pointed to moderation, cementing bets the Federal Reserve is approaching the end of its interest-rate hikes. The S&P 500 topped 4,500. Apple Inc. led gains in megacaps, while region...

Source: BNN Bloomberg August 31, 2023

'Pretty large miss' at National Bank, analyst says

An underwhelming earnings season for Canadian banks continued Wednesday as the National Bank of Canada missed analyst expectations with third-quarter results that saw loan loss provisions rise and capital markets activity slow. The National Bank of Canada...

Market Call Source: BNN Bloomberg August 31, 2023

James Telfser's Top Picks: August 30, 2023

James Telfser, managing partner and portfolio manager, Aventine Investment Counsel FOCUS: North American stocks  MARKET OUTLOOK: Despite the uncertainty, and central banks raising rates, the S&P 500 is off to its best start to a year since 1997, wh...

Source: BNN Bloomberg August 31, 2023

RBC upgrades Heineken less than 12 hours after cutting to sell

An analyst at RBC Capital Markets took the unusual step of reversing a call on the shares of Heineken NV in a span of less than 12 hours on Wednesday, first downgrading the stock and then raising it back to the original level. Just before 1 a.m. New York t...

Source: BNN Bloomberg August 31, 2023

'As bad as I feared': Actor Ben McKenzie warns of crypto investments

Actor Ben McKenzie, best known for his roles in “The O.C.” and “Gotham,” is warning about the risks in crypto investments after spending two years investigating the industry.  McKenzie, who has a degree in economics and recently co-authored the book “Easy...

Source: BNN Bloomberg August 31, 2023

TSX recap: Index ticks higher on energy, tech and metals

Strength in energy, technology and battery metals stocks helped Canada's main stock index tick higher Wednesday, while U.S. stock markets also rose.  The S&P/TSX Composite Index closed up 39.91 points, or 0.20 per cent, at 20,330.32. In New York, the Do...

Source: Financialpost August 31, 2023

Joe Oliver: Shh! Was that the Liberal leadership race getting underway?

Anita Anand and Chrystia Freeland may have been launching their campaigns for their party's leadership Anita Anand and Chrystia Freeland recently drew public attention to their contrasting personas and political positioning. Anand, now Presiden...

Source: Financialpost August 31, 2023

When should I start CPP and what's the best way to draw down my retirement investments?

Couple already in retirement seeks advice on a new strategy Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. By Mary T...

Source: Financialpost August 31, 2023

Competition Bureau ordered to pay millions to Rogers, Shaw

Judge cites commissioner's 'unreasonable' conduct in attempt to block merger A court has ordered Canada’s competition commissioner to pay telcos Rogers Communications Inc. and Shaw Communications Inc. millions in costs following weeks-long cour...

Source: BNN Bloomberg August 30, 2023

Bank earnings: Money manager picks top bank for the quarter

With Canada’s big six banks in the midst of reporting their latest quarterly results, one money manager suggests the top bank has already reported. Scotiabank and the Bank of Montreal are set to report earnings for the third quarter on Tuesday. National Ba...