Daily News

Source: BNN Bloomberg May 31, 2023

TSX recap: Index closes down 1.1% as oil prices fall

Canada's main stock index was down more than 200 points as the price of oil fell and losses in energy, financial and base metal stocks helped lead the way lower, while U.S. markets were mixed. The S&P/TSX Composite Index was down 228.25 points, or 1.1 per...

Market Call Source: BNN Bloomberg May 31, 2023

John Zechner's Top Picks: May 30, 2023

John Zechner, chairman and founder, J. Zechner Associates FOCUS: North American large-cap stocks   MARKET OUTLOOK: After a tough year for all asset classes in 2022, this year has seen gains for a very narrow group of large technology stocks. This g...

Source: BNN Bloomberg May 31, 2023

U.S. stock rally loses steam after AI-fueled Euphoria

Stocks treaded water after a rally driven by the artificial-intelligence hype drove the market to its highest since August. Treasury yields fell on hopes the U.S. Congress will pass a debt deal to head off a default.  The S&P 500 closed little changed, whi...

Source: BNN Bloomberg May 31, 2023

How money managers are using AI to invest

The use of artificial intelligence in finance is fundamentally changing the way money managers build investment strategies and at great speed — but it comes with it’s own set of risks, experts warn.    While the integration of technology in trading has long...

Source: Financialpost May 31, 2023

Shopify faces class action as recently laid-off staff allege it reneged on severance offers

Twenty per cent of employees cut this month A class-action lawsuit alleges Shopify Inc. reneged on a deal it offered some employees who were laid off in a recent round of cuts. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now...

Source: Financialpost May 31, 2023

Posthaste: More than half of Toronto new condo investors are losing money for the first time

Investors losing as much as $1,000 a month renting out new condos We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: More than half of...

Source: Financialpost May 31, 2023

Opinion: Ford government should just go ahead and privatize Ontario liquor sales

Privatization offers consumers more choice, convenience and lower prices By Jake Fuss and Alex Whalen THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive article...

Source: BNN Bloomberg May 30, 2023

Bitcoin jumps to more than two-week high on relief over U.S. debt ceiling

Bitcoin climbed to the highest level in more than two weeks amid a boost to investor sentiment from a deal on raising the U.S. debt limit. The largest digital token added as much 3.2 per cent on Monday before paring some of the advance to trade at US$28,00...

Source: BNN Bloomberg May 30, 2023

TSX recap: Index finishes slightly higher amid gains in energy stocks

Canada's main stock index ticked upwards Monday, with broad-based gains led by battery metals and energy stock as U.S. markets were closed for a long weekend south of the border.  The S&P/TSX Composite Index was up 47.64 points, or 0.24 per cent, at 19,967...

Technology Source: BNN Bloomberg May 30, 2023

Debt-limit deal brings relief tinged by caution

American equity futures posted modest gains amid cautious optimism the U.S. will avert a catastrophic default after the weekend’s tentative debt-ceiling deal. European stocks wavered in muted holiday-affected trading. Contracts on the S&P 500 and Nasdaq 10...