Daily News

Source: BNN Bloomberg July 15, 2023

The Week Ahead: CPI, retail sales data due

Monday, July 17 Notable data: Wholesale Trade, International Securities Transactions, Empire State Manufacturing Survey Tuesday, July 18 Notable data: Housing Starts, Consumer Price Index, Industrial Product and Raw Materials Price Indices, U...

Source: BNN Bloomberg July 15, 2023

Canadian, U.S. banks to grapple with economic risks ahead: Expert

U.S. banks rallied Friday following a strong earnings season, while Canadian banks have maintained strong capital levels despite tumultuous times, but one finance expert says the headwinds up against this sector are enough for him to not go out and buy these...

Source: BNN Bloomberg July 15, 2023

TSX recap: Index finishes down slightly amid losses in energy stocks

Canada's main stock index ticked lower Friday led by losses in the energy sector, while U.S. markets were mixed.  The S&P/TSX Composite Index was down 15.57 points, or 0.08 per cent, at 20,262.07. In New York, the Dow Jones Industrial Average was up 113...

Source: Financialpost July 15, 2023

FP Answers: What are the ins-and-outs of splitting RRIF income with a spouse to get the $2,000 tax credit?

For most people, it makes sense to convert enough of your RRSP to a RRIF and claim the pension tax credit Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases...

Source: Financialpost July 15, 2023

Jack Mintz: Forget the 'just transition.' It's the Boondoggle Transition

An equivalent to the Inflation Reduction Act would cost us roughly C$130 billion over a decade Forget “energy transition” and “just transition” to describe the transformation of our energy systems. Call it the “boondoggle transition” because th...

Source: BNN Bloomberg July 14, 2023

U.S. stock bulls cheer Wall Street's disinflation trade

Wall Street got an extra dose of encouragement to bid up stocks after another inflation report reinforced bets the Federal Reserve is approaching an interest-rate peak. All of a sudden, disinflation becomes the buzzword across trading desks, with investors...

Market Call Source: BNN Bloomberg July 14, 2023

Christine Poole's Top Picks: July 13, 2023

Christine Poole, chief executive officer and managing director, GlobeInvest Capital Management FOCUS: North American large-cap stocks MARKET OUTLOOK: The enthusiasm surrounding AI has propelled the broader stock market indices higher this year. The...

Source: BNN Bloomberg July 14, 2023

​Cloud software stocks positioned to rise with artificial intelligence boom: Analyst

The cloud software sector has kept with Nasdaq market performance as demand for these products has been pushed higher through the use of artificial intelligence, one analyst says.    Speaking with BNN Bloomberg’s Amber Kanwar on Thursday, Mike Genovese, seni...

Source: BNN Bloomberg July 14, 2023

TSX recap: Index finishes 1.03% higher amid gains in tech stocks

Canada's main stock index gained more than 200 points Thursday, led by strength in tech, metals, financials and utilities, while U.S. markets also rose.  The S&P/TSX Composite Index was up 206.87 points, or 1.03 per cent, at 20,277.64. In New York, the...

Company News Source: BNN Bloomberg July 14, 2023

Cogeco reports loss in third quarter, Cogeco Communications earns $95.9 million

Cogeco Inc. reported a loss attributable to shareholders of $34.5 million in the third quarter, down from earnings of $37.5 million during the same period a year ago.  The company says its loss for the third quarter attributable to shareholders is mainly d...