Daily News

Source: Financialpost May 23, 2023

The U.S. debt ceiling debate is a big deal, says Brian Belski: What investors should know

Watch: Brian Belski breaks down the U.S. debt ceiling for investors and talks about where markets are headed Brian Belski, chief investment strategist at BMO Capital Markets, talks to the Financial Post’s Larysa Harapyn about why the U.S. debt...

Source: Financialpost May 23, 2023

The Pentagon Is Helping Bring the Baby Nuke Industry to Life

The first small modular reactor commissioned by the Defense Department could roll off the assembly line of a Virginia-based factory in just two years. (Bloomberg) — THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read th...

Source: BNN Bloomberg May 20, 2023

U.S. stocks waver as traders weigh debt talks, Fed path

Traders pared bets on a Federal Reserve rate hike in June to 25 per cent as Jerome Powell signaled a pause. Stocks fell amid a slide in banks and concern U.S. lawmakers are struggling to reach a deal to prevent a default. The S&P 500 halted a two-day rally...

Market Call Source: BNN Bloomberg May 20, 2023

Daniel Straus' Top Picks: May 19, 2023

Daniel Straus, director of ETF research and strategy, National Bank Financial FOCUS: ETFs MARKET OUTLOOK: Has the world turned upside-down? The U.S. federal yield curve (10-2 year) is the most inverted it’s been in 40 years. Despite a year of break...

Source: BNN Bloomberg May 20, 2023

The Week Ahead: Canadian bank earnings; U.S. GDP data due

Monday, May 22 Notable earnings: Zoom Video Communications Victoria Day (markets closed in Canada) Tuesday, May 23 Notable data: Industrial Product and Raw Materials Price Indices, S&P Global PMIs, U.S. New Home Sales Notable earnings: Lo...

Source: BNN Bloomberg May 20, 2023

TSX today: Index higher on energy, telecom and tech stocks

Strength in the energy, telecommunications and technology sectors helped lead Canada's main stock index higher in late-morning trading, while U.S. stock markets were down. The S&P/TSX Composite Index was up 25.54 points, or 0.13 per cent, at 20,322.63....

Source: BNN Bloomberg May 20, 2023

Canadian banks faced a difficult quarter ahead of earnings releases: RBC

As Canadian banks get set to report quarterly results next week, analysts at RBC Capital Markets are predicting a challenging quarter for many of the nation’s major lenders, saying the “macroeconomic outlook has become more uncertain.” In a report released...

Source: Financialpost May 20, 2023

Howard Levitt: Government's capitalution on PSAC strike will cast a long shadow over private sector

Exacerbate worker shortages and inflation It did not take long for others to jump onto the PSAC strike result bandwagon. Not surprisingly, it started with legislators. Those in Quebec just voted themselves a 30 per cent salary increase....

Source: Financialpost May 20, 2023

'We are in an affordability crisis and we have to wake up': CIBC's Benjamin Tal on Canada's housing market

CIBC's deputy chief economist on housing, interest rates and the U.S. debt ceiling In a wide-ranging interview, CIBC deputy chief economist Benjamin Tal talks with Financial Post’s Larysa Harapyn about Canada’s housing market, the risk of furth...

News Source: Financialpost May 20, 2023

Posthaste: Remember those recession warnings for Canada? They're back and they are flashing red

These economists say there is an 84% chance of a recession in Canada in the second half of this year We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team...