Daily News

Economy Source: Financialpost June 20, 2023

Mass immigration experiment giving Canada an edge in global race for labour

Country’s population growth is among fastest in the world, bolstering the economy while creating strains in big cities At a time industrialized countries around the world are confronting declining birth rates and aging workforces, Canada is at...

Source: Financialpost June 18, 2023

Housing affordability will deteriorate unless we act soon: CMHC chief economist

'I'm actually worried that affordability is going to deteriorate rather than improve' TORONTO — When Bob Dugan surveys the future of Canada’s housing market, he doesn’t see the rosy picture many long for. THIS CONTENT IS RESERVED FOR SU...

Source: BNN Bloomberg June 17, 2023

U.S. stocks halt winning streak with big options test

A seemingly unstoppable advance fueled by Wall Street’s obsession over anything related to artificial intelligence took a breather on Friday, with the market facing the test of a massive options expiration. The tech-heavy Nasdaq 100 underperformed major be...

Source: BNN Bloomberg June 17, 2023

​Loonie rises on back of U.S. dollar weakness

The Canadian dollar rose against the greenback for the first time in months.    The loonie rose to 75 cents U.S. against the U.S. dollar for the first time since last September, driven by the Bank of Canada’s more aggressive approach to interest rate hikes c...

Market Call Source: BNN Bloomberg June 17, 2023

Gavin Graham's Top Picks: June 16, 2023

Gavin Graham, chief investment officer, SmartBe Investments FOCUS: North American equities  MARKET OUTLOOK: The decision by the Bank of Canada to raise interest rates last week by 0.25 per cent to 4.75 per cent, the highest since 2001, shows its paus...

Source: BNN Bloomberg June 17, 2023

TSX recap: Index finishes lower amid losses in energy stocks

Canada's main stock index drifted lower Friday, pulled lower by energy, technology and base metals, while U.S. markets also ended the day down.   The S&P/TSX Composite Index was down 51.98 points, or 0.26 per cent, at 19,975.37. In New York, the Dow Jon...

Source: BNN Bloomberg June 17, 2023

The Week Ahead: Retail sales data due; BoC summary of deliberations

Monday, June 19 Notable data: Industrial Product and Raw Materials Price Indices, U.S. NAHB Housing Market Index U.S. Markets closed for Juneteenth Tuesday, June 20 Notable data: U.S. Housing Starts, U.S. Building Permits Notable earnings...

Source: Financialpost June 17, 2023

Workers resisting the office grind are suddenly lonely at home

The remote-work revolution has morphed into a tug-of-war between frustrated bosses and fed-up staff Three years after the pandemic closed down offices around the world, the remote-work revolution has morphed into a tug-of-war between frustrated...

Source: Financialpost June 17, 2023

FP Answers: Can we retire in 7 years at 55 even though we have a $525,000 mortgage now?

Couple could retire with $60,000 income a year, but they need to think about the kind of lifestyle they want Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purcha...

Source: BNN Bloomberg June 16, 2023

U.S. stock rally is deepening beyond AI-fueled craze

The stock rally driven by the exuberance surrounding artificial intelligence is widening beyond the tech industry, defying naysayers and raising concern about an overbought market. Mounting bets that the Federal Reserve will end its tightening cycle sooner...