Daily News

Source: BNN Bloomberg August 02, 2023

U.S. stocks bend, don’t break after 30% rally from lows

Stocks lost a bit of steam at the start of August as a rally that pushed the market up about 30 per cent from its lows spurred calls on a near-term pullback. Just a few days ahead of the all-important jobs report, data suggested some softening in demand fo...

Market Call Source: BNN Bloomberg August 02, 2023

Keith Richards' Top Picks: August 1, 2023

Keith Richards, president and chief portfolio manager, ValueTrend Wealth Management FOCUS: Technical analysis  MARKET OUTLOOK: Same old song. The market remains in a sub-optimal risk/return environment. But, as noted in my recent blogs, some factor...

Source: BNN Bloomberg August 02, 2023

TSX poised for a bullish Q3, analyst suggests

While the Toronto Stock Exchange has underperformed thus far in 2023, at least one analyst believes the third quarter could be the turnaround. Sid Mokhtari, chief market technician at CIBC Capital Markets, believes the TSX could outperform the S&P 500 this...

Source: BNN Bloomberg August 02, 2023

TSX recap: Index falls nearly 100 points on banking losses

Canada's main stock index fell almost 100 points with weakness in financials, base metals and utilities helping drag the index lower, while U.S. markets were mixed. The S&P/TSX Composite Index closed down 93.71 points, or 0.45 per cent, at 20,532.93. In...

Company News Source: BNN Bloomberg August 02, 2023

Strathcona intends to go public around October: CEO

As Strathcona Resources Ltd. announced a new acquisition, accompanied by a venture to go public, the company’s top executive said the plan is for the stock to be available to public investors around October.  Adam Waterous, the chief executive officer and...

Source: Financialpost August 02, 2023

David Rosenberg: My recession call has the haters out in force, but I've been here before

Talk of a 'soft-landing' has emboldened some, but there are reasons to be wary of over-valued U.S. equities When I was at Merrill, all through 2007 I was asked: “Where is this recession you’ve been calling for, Rosenberg?” THIS CONTENT...

Source: Financialpost August 02, 2023

'They want the $2 back': Metro must reinstate pandemic hero pay to end strike, says union

Walkout has shut down 27 supermarkets in Toronto area Get the latest from Jake Edmiston straight to your inbox Sign Up The union representing 3,700 employees at Metro Inc. says the grocery chain needs to immediately reinstate the $2 h...

Source: Financialpost August 02, 2023

Posthaste: These two cities are now the top-searched spots for real estate in Canada

Interest in Edmonton has quadrupled and Calgary doubled, says Royal LePage We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: These tw...

Technology Source: BNN Bloomberg August 01, 2023

How hedge fund managers are using ChatGPT

Hedge funds and other money managers are increasingly leaning on ChatGPT for marketing, and to summarize vast reports, according to a new survey. Forty-four percent of money managers use the artificial intelligence tool in a professional capacity, accordin...

Market Call Source: BNN Bloomberg August 01, 2023

Darren Sissons' Top Picks: July 31, 2023

Darren Sissons, partner and portfolio manager, Campbell, Lee & Ross FOCUS: Global and technology stocks  MARKET OUTLOOK: 2023 has surprised. Interest rates continue rising, companies are reporting declining or nearly flat earnings while major index...