Daily News

News Source: Financialpost June 21, 2023

Posthaste: 'Using a credit card to keep the lights on' — New report shows 'alarming' shift in business borrowing

Card use up 15% as financial stress forces more businesses to lean on revolving credit We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthas...

Source: BNN Bloomberg June 20, 2023

AI could spur the drug development process: Portfolio manager stock picks

The drug development process is often cost-intensive and complex, but one portfolio manager sees opportunities in the industry for companies leveraging AI in the development process.  Speaking with BNN Bloomberg’s Andrew Bell on Monday, Eden Rahim, a portf...

Source: BNN Bloomberg June 20, 2023

TSX recap: Index moves lower on multi-sector dip

Canada's main financial index ticked lower Monday, with broad-based but shallow weakness across sectors including energy, financials, industrials and tech.  Trading volume on the TSX was positively anemic Monday, with stock markets closed in the U.S. for t...

Source: BNN Bloomberg June 20, 2023

Regulatory issue halted Canaccord Genuity buyout: CEO

The president and CEO of Canaccord Genuity Group Inc. said a proposed management buyout at the financial services firm did not proceed due to the regulatory approvals it would not receive. Dan Daviau said the proposed $1.1-billion deal was abandoned last w...

Market Call Source: BNN Bloomberg June 20, 2023

Teal Linde's Top Picks: June 19, 2023

Teal Linde, manager, Linde Equity Fund FOCUS: North American mid and large-cap stocks MARKET OUTLOOK: Compelling dividends add to the attractiveness of the Canadian market.   The U.S. stock market looks like it will deliver a double-digit percen...

Source: Financialpost June 20, 2023

Canada's housing market may not be as risky as the IMF thinks

A review of housing markets and borrowers shows risk are stable and in some cases improving Statements from normally credible sources about Canada’s heightened housing market risks have alarmed consumers, investors, lenders and policymakers ali...

Source: Financialpost June 20, 2023

Here's how to make your dream of owning a home in Canada come true

No house yet? These tips will help you buy your first property Gokul Prasad, a 31-year-old digital marketer originally from India, came to Canada in January 2021 with one main goal in mind: owning a home. THIS CONTENT IS RESERVED FOR SU...

Source: Financialpost June 20, 2023

Canadians opting for shorter-term mortgages on hopes interest rates will drop

Fixed one and three year are the most popular OTTAWA — With mortgage rates at their highest level in more than a decade, homeowners and prospective buyers tend to focus on getting the best rate. While shopping around, however, experts say borro...

Source: Financialpost June 20, 2023

Working from home is becoming a once-a-week treat for more office goers

More companies testing the post-pandemic norm of 2 to 3 days in the office in a sign that power is returning to employers A small but growing list of big-name companies like BlackRock Inc., Walt Disney Co. and Chipotle Mexican Grill Inc. are ta...

Source: Financialpost June 20, 2023

Posthaste: Canada's housing market rebound has beat expectations, but don't expect it to last

Bank of Canada rate hikes will once again put a damper on demand, say economists We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Ca...