Daily News

Source: Financialpost June 10, 2023

Terence Corcoran: Money-losing Canada Post looks to ESG for salvation

After $1.7 billion in losses, what’s next for the Crown corporation? In this new world of high-tech revolutions, artificial intelligence and fly-to-the-moon communication technologies, the last thing on the minds of Canadian political and econo...

Source: Financialpost June 10, 2023

Interest rates are likely to stay higher for longer, says Bank of Canada deputy Paul Beaudry

'Excess demand in the Canadian economy is more persistent than we thought' Get the latest from Stephanie Hughes straight to your inbox Sign Up Persistent strength in the economy means interest rates may have to stay higher for longer...

Economy Source: Financialpost June 10, 2023

Cracks appear in Canada's jobs market as unemployment rate rises for first time in almost a year

But economists say may not be enough to deter the Bank of Canada from further rate hikes Get the latest from Stephanie Hughes straight to your inbox Sign Up Canada’s unemployment rate rose in May for the first time since August 2022 a...

Source: BNN Bloomberg June 09, 2023

​Currencies positioned to outperform amid rate hikes according to Kathy Lien

Central banks around the world continue to battle runaway inflation through interest rate hikes and one expert believes she has picked out three currencies that will persevere throughout aggressive monetary policy measures.    Speaking with BNN Bloomberg’s A...

Market Call Source: BNN Bloomberg June 09, 2023

Ross Healy's Top Picks: June 8, 2023

Ross Healy, chairman at Strategic Analysis Corporation; portfolio manager at MacNicol & Associates Asset Management FOCUS: North American large-cap stocks  MARKET OUTLOOK: For the second time in this decade (June 2020 being the first), the Nasdaq 1...

Source: BNN Bloomberg June 09, 2023

S&P 500 enters bull market as tech rally resumes

A rally in technology stocks resumed Thursday, pushing the S&P 500’s gains since an October low past 20 per cent, the marker of a bull market. A jump in jobless claims to the highest since October 2021 delivered a boost to the tech sector, which had been f...

Source: BNN Bloomberg June 09, 2023

TSX recap: Index finishes lower amid broad-based declines

Canada's main stock index ticked lower Thursday amid broad-based weakness, while U.S. markets moved higher, led by the technology sector.  The S&P/TSX Composite Index was down 40.99 points, or 0.21 per cent, at 19,942.70. In New York, the Dow Jones Indu...

Source: Financialpost June 09, 2023

'A ticking time-bomb': The rise of the variable-rate, fixed-payment mortgage

Episode 197 of Down to Business podcast Get the latest from Gabriel Friedman straight to your inbox Sign Up Variable-rate, fixed-payment mortgages were all the rage in Canada during the pandemic when interest rates were at rock bottom...

Economy Source: Financialpost June 09, 2023

Bank of Canada's surprise hike exposes global struggle to find endpoint for rates

Other central banks, including the Fed, may have to push rates deeper into restrictive territory The Bank of Canada’s decision to resume raising interest rates shook global bond markets and underscored the difficult task faced by central banks...

Economy Source: Financialpost June 09, 2023

Theo Argitis: Rate hike shows Bank of Canada fighting to stay ahead of the curve on inflation

Central bank's rate increase breathes new life into most aggressive hiking cycle in recent memory In a span of a couple of months, talk about Canada’s economy has gone from recession worries and interest rate cuts to things being too hot to han...