Daily News

Source: Financialpost May 27, 2023

Stellantis CEO's Windsor EV gambit part of pattern of relentless hunt for savings

Carlos Tavares squeezing Canada's government for more money for stalled battery plant In Italy, Stellantis NV is cutting jobs and being accused of skimping on janitorial work. In the U.S., it’s offering buyouts to scores of staff and has idled ...

Economy Source: Financialpost May 27, 2023

'Not a simple story': Labour shortages aren't being driven by lack of highly educated job seekers

Shortages appear to be mostly centred in jobs requiring little education Get the latest from Naimul Karim straight to your inbox Sign Up Labour shortages in Canada appear to be mostly centred in jobs requiring little education, while...

Source: BNN Bloomberg May 26, 2023

AI drives tech rally, outweighing U.S. debt concerns

U.S. stocks rose Thursday as a rally in companies linked to the frenzy in artificial intelligence outweighed broader market concerns including a U.S. debt default. The S&P 500 gained 0.9 per cent while the tech-heavy Nasdaq 100 added 2.5 per cent after a b...

Real Estate Source: BNN Bloomberg May 26, 2023

A quarter of Canadians want to buy an investment property within five years: Survey

More than a quarter of Canadians have plans to purchase an investment property in the next five years, according to a new survey from Royal LePage, though high interest rates have some property investors musing whether to sell. The survey, conducted by Leg...

Source: BNN Bloomberg May 26, 2023

What are loan loss provisions and why is it a theme this bank earnings season?

Canada's leading banks are taking precautions around their credit divisions should consumers fail to pay back their loans. Five of the leading six Canadian banks who have reported second-quarter earnings have revealed a significant jump in loan loss provis...

Market Call Source: BNN Bloomberg May 26, 2023

Keith Richards Top Picks: May 25, 2023

Keith Richards, president and chief portfolio manager, ValueTrend Wealth Management FOCUS: Technical analysis   MARKET OUTLOOK: Markets entered into a bearish period, as I suggested would happen more than a year ago. ValueTrend was prepared for tha...

Source: BNN Bloomberg May 26, 2023

TSX recap: Index finishes lower amid losses in energy stocks

Canada's main stock index closed down more than 150 points Thursday, weighed down by losses in energy and telecom, while U.S. stock markets were mixed. The S&P/TSX Composite Index lost 153.61 points, or 0.77 per cent, to finish at 19,774.08. In New York...

Source: BNN Bloomberg May 26, 2023

Canadian bond issuers rush ahead of U.S. debt ceiling deadline

Corporate issuers are racing to sell debt denominated in Canadian dollars as the standoff around the U.S. debt ceiling continues and investors look to lock in the highest yields since November.  Bank of Montreal is leading five issuers raising $4.75 billio...

Source: Financialpost May 26, 2023

TD won't hit growth target, announces buyback in wake of First Horizon deal termination

Retail banking in Canada and the U.S. continued to show strong growth Get the latest from Stephanie Hughes straight to your inbox Sign Up Toronto-Dominion Bank has scaled back its medium-term growth outlook and announced it will be re...

Source: Financialpost May 26, 2023

Many Canadians are leaving this registered savings plan's money on the table

Almost half the people eligible for the RDSP have never heard of it Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. I...