Daily News

Source: BNN Bloomberg July 06, 2023

Bond yields higher as another rate hike signaled

Yields on U.S. Treasuries climbed while stocks slipped as traders digested commentary from Federal Reserve officials’ last meeting. The S&P 500 fell 0.2 per cent following the release of the minutes of the Fed’s June meeting which indicated hawkish leaning...

Source: BNN Bloomberg July 06, 2023

TSX recap: Index finishes 0.5% lower amid broad-based losses

Canada's main stock index was down more than 100 points Wednesday amid broad-based weakness, while U.S. stock markets also slumped.  The S&P/TSX Composite Index was down 100.98 points, or 0.5 per cent, at 20,103.89. In New York, where stock markets were...

Source: Financialpost July 06, 2023

Bruce Power planning world’s biggest nuclear plant in Ontario

Growing demand for clean energy spurring interest in atomic energy A Canadian utility is starting early work to expand a nuclear plant, potentially building the world’s biggest facility as growing demand for clean energy spurs interest in atomi...

Source: Financialpost July 06, 2023

Consumer watchdog introduces new guidelines to protect 'at risk' mortgage borrowers

FCAC research shows growing number of Canadians struggling to keep up with their financial commitments Canada’s financial consumer watchdog has released new guidelines aimed at protecting consumers considered at risk of defaulting on a mortgage...

Source: Financialpost July 06, 2023

RRIF withdrawal rules for retirees need to be updated

Retirees should beware of using the RRIF conversion age or the minimum withdrawal schedule as a guideline Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases...

Source: Financialpost July 06, 2023

Strike at B.C. ports remains hinged on 'one sentence,' union says

Alberta minister calls on Ottawa to end labour dispute Get the latest from Naimul Karim straight to your inbox Sign Up The key issue that’s prolonging a workers’ strike at the ports of British Columbia is linked to a document that det...

Source: Financialpost July 06, 2023

Ontario urged to act as housing crisis spreads from cities to communities across province

High housing costs are limiting buying power and spurring migration out of province, says business group Ontario needs to incentivize the development and preservation of a range of affordable housing options as high housing costs limit buying p...

Source: Financialpost July 06, 2023

CRA, ex-wife get paid before man's creditor after matrimonial home is sold

Laurie Pawlitza: The ownership of a property changes when a joint tenancy is severed Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links o...

Source: BNN Bloomberg July 05, 2023

Real estate leads European stock gains; oil rises

European real estate shares headed for their biggest three-day advance since March, while oil climbed as traders weighed supply cuts. Global stock market trading was light on Tuesday, with US exchanges closed for the Independence Day holiday. Europe’s Stox...

Market Call Source: BNN Bloomberg July 05, 2023

Jordan Zinberg's Top Picks: July 4, 2023

Jordan Zinberg, president and chief executive officer, Bedford Park Capital FOCUS: Canadian small and mid-cap stocks  MARKET OUTLOOK: During the first half of 2023, North American markets have exhibited some notable trends in performance based on b...