Daily News

Source: BNN Bloomberg July 22, 2023

TSX recap: Index climbs 110 points on energy, telecoms

Canada's main stock index gained more than 100 points Friday, led by strength in energy and telecom stocks, while U.S. markets were mixed.  The S&P/TSX Composite Index was up 110.64 points, or 0.54 per cent, at 20,547.51. In New York, the Dow Jones Indu...

Source: Financialpost July 22, 2023

Posthaste: Latest Bank of Canada rate hike to take toll on many people's finances

59% expecting a negative impact, survey says We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Latest Bank of Canada rate hike to ta...

Source: Financialpost July 22, 2023

'Surprised if Bank of Canada continued to raise rates': What economists are saying about retail sales

Slowdown could stay central bank's hand Consumers appear to be ramping down their spending, according to the latest retail sales data, leading some economists to think the slowdown could act as a stay on more interest rate hikes from the Bank o...

Economy Source: Financialpost July 22, 2023

Retail sales start to stall as higher interest rates bite

May's figure falls short of estimates, sales were flat in June Canadian consumers may be ready to wind down their spending, with retail sales data showing waning momentum at the end of the second quarter. THIS CONTENT IS RESERVED FOR SU...

Source: BNN Bloomberg July 21, 2023

Tech, bonds falter after earnings miss, jobs data

U.S. equities and Treasuries fell Thursday as investors digested a round of disappointing tech earnings and fresh signs of labour-market resiliency that could support another hike in interest rates this year. The tech-heavy Nasdaq 100 fell 2.3 per cent, wi...

Source: BNN Bloomberg July 21, 2023

Losses in technology stocks helped lead TSX lower Thursday

Losses in technology stocks helped lead Canada's main stock index lower Thursday, while U.S. stock markets were mixed as the Nasdaq was dragged down by the weakness in technology. U.S. earnings season appears to be supporting a broadening of the rally that...

Source: Financialpost July 21, 2023

'Going to see a lot of defaults': $500-billion corporate debt storm is building over global economy

Cheap money era followed by high interest rates fuelling corporate bankruptcies at blistering pace — and it could get worse Richard Cooper’s phone is something of an early alarm bell for the global economy. Lately, it’s been ringing a lot....

Source: Financialpost July 21, 2023

Garden suites in Toronto get slow uptake with none completed one year after program launch

Higher financing costs posing a challenge for homeowners Garden suites were pitched as a way to expand Toronto’s housing options by building secondary homes on already existing residential properties, but a year after they were made legal in th...

Source: Financialpost July 21, 2023

Canada’s looming power problem is massive and time is running out, report says

Might need to triple amount generated to meet net zero emissions target of 2050 OTTAWA — Canada must build more electricity generation in the next 25 years than it has over the last century in order to support a net-zero emissions economy by 20...

Source: Financialpost July 21, 2023

Posthaste: Canadians are desperate for other ways to tame inflation besides rate hikes

Desjardins economist says governments can help cool inflation We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canadians are desper...