Daily News

Source: Financialpost August 26, 2023

Bank of Canada seen staying on the sidelines in September

Karl Schamotta, chief market strategist at Corpay, talks about recent Canadian economic data and what the numbers mean for the Bank of Canada, the path for major world economies and what to expect from the Canadian dollar. We...

Source: BNN Bloomberg August 25, 2023

Analyst picks health stocks poised to benefit from new technology

Investors are overlooking small health-care stocks on the TSX, according to one analyst.    Justin Keywood, health-care and special situations analyst at Stifel GMP, said the health-care sector is undergoing rapid change as new technology is ushered in — mak...

Market Call Source: BNN Bloomberg August 25, 2023

Jeff Parent's Top Picks: August 24, 2023

Jeff Parent, chief investment officer, CastleMoore Inc. FOCUS: Technical analysis  MARKET OUTLOOK: The pandemic turmoil is subsiding. Many commodity prices, inflation and economic indicators are heading back to normal levels. Tightening policies ar...

Source: BNN Bloomberg August 25, 2023

Experts react to Q3 earnings from TD, RBC

The first set of third-quarter earnings from Canadian banks show the industry is facing rising expenses, but one portfolio manager says now is not the time to sell these stocks.    TD Bank missed analyst expectations amid rising expenses and loan loss provi...

Source: BNN Bloomberg August 25, 2023

TSX today: Index finishes 0.52% lower amid broad-based losses

Canada's main stock index declined by more than 100 points Thursday amid broad-based weakness, while U.S. markets also moved lower.  The S&P/TSX Composite Index closed down 103.96 points, or 0.52 per cent, at 19,775.83. In New York, the Dow Jones Indust...

Source: Financialpost August 25, 2023

Subway sandwich chain sold to Roark Capital in $9-billion deal

Private equity firm enters into definitive agreement to buy chain after seeing off late challenge from rival bid Roark Capital Group has won the race to acquire United States sandwich chain Subway after seeing off a late challenge from a rival...

Source: Financialpost August 25, 2023

RBC says it will cut more jobs as profit beats expectations

Earnings boosted by strength in its personal and commercial banking and insurance operations TORONTO — Royal Bank of Canada says its third-quarter profit rose compared with a year ago and said it remained focused on reducing costs and expected...

Source: Financialpost August 25, 2023

TD Bank misses estimates as expenses, loan losses climb

Signal that borrowers are feeling squeezed by aggressive rate hikes Toronto-Dominion Bank saw its expenses and provisions for credit losses rise in the third quarter, another signal that borrowers are feeling squeezed by aggressive rate hikes....

Source: Financialpost August 25, 2023

CRA decision to deny taxpayer late-filing relief sent back for review by judge

Jamie Golombek: Court says CRA was 'unreasonable' and conclusion 'not justified, transparent or intelligible' Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purch...

Source: Financialpost August 25, 2023

Posthaste: Bank of Canada could cut interest rates earlier than expected — if it goes by this data

CIBC says rising jobless rate could bring end to higher interest rates We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Bank of Cana...