Daily News

Source: BNN Bloomberg July 27, 2023

Dow Average posts historic run, yields drop on Fed

Bond yields dropped after Jerome Powell said the Federal Reserve hasn’t made a decision to hike at every other meeting, bolstering bets the central bank will skip a rate increase in September. Two-year U.S. yields fell four basis points to 4.84 per cent. T...

Market Call Source: BNN Bloomberg July 27, 2023

Stephen Takacsy's Top Picks: July 26, 2023

Stephen Takacsy, president, CEO and CIO, Lester Asset Management FOCUS: Canadian stocks  MARKET OUTLOOK: Equity and fixed-income markets have been volatile so far in 2023 on fears of high inflation, further rate hikes and an economic slowdown. We b...

Company News Source: BNN Bloomberg July 27, 2023

Meta shares climb after revenue, forecast beat estimates

Meta Platforms Inc. topped forecasts for second-quarter sales and gave a rosy outlook for the current period, signaling that the social networking giant is succeeding in migrating advertisers to its new Reels short-video feature. Shares climbed 4.5 per cen...

Source: BNN Bloomberg July 27, 2023

Expert recommends companies adapting to clean energy future

Companies actively altering their business models to fit into the clean energy transition will be best positioned to reward investors in the future, one financial expert says. Speaking with BNN Bloomberg’s Amber Kanwar on Wednesday, Jens Peers, co-manager...

Source: BNN Bloomberg July 27, 2023

TSX recap: Index largely flat on mixed results

Canada's main stock index posted anemic gains Wednesday as a rise in battery metals, industrials and health care balanced out weakness in technology stocks, while U.S. markets were mixed after another central bank rate hike.  The Federal Reserve hiked its...

Source: Bankofcanada July 27, 2023

Bank of Canada publishes its 2024 schedule for policy interest rate announcements and other major publications

The Bank of Canada today published its 2024 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report. It also reconfir...

Source: Financialpost July 27, 2023

Posthaste: Auto theft is climbing in Ontario and drivers are deeply worried

But many aren't going beyond the basics to prevent theft, CAA says We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Auto theft is c...

Source: Financialpost July 27, 2023

Joe Oliver: We are in the grip of climate-change catastrophism

Movement's catchphrase is that the science is settled, but science is never settled and good policy takes that into account The climate-change movement is a powerful cultural entity. It does not affirm or negate the reality of its core narrativ...

Source: Financialpost July 27, 2023

Toronto housing market hits the brakes

Watch: Realosophy Realty's John Pasalis on why the market is cooling down and more John Pasalis, president of Realosophy Realty, talks with Financial Post’s Larysa Harapyn about how Toronto’s housing market has hit the brakes. He discusses why...

Source: Financialpost July 27, 2023

Mortgage lenders brace for 'challenge' when borrowers face renewal crunch

Credit unions say so far no significant loan losses Get the latest from Barbara Shecter straight to your inbox Sign Up Banks aren’t the only lenders facing clients under pressure as rising interest rates ramp up monthly payments for b...