Daily News

Source: BNN Bloomberg May 19, 2023

S&P 500 hits nine-month high on debt-deal signals

Stocks climbed on signals that American lawmakers are making progress on debt-ceiling talks and will be able to avert a first-ever default. Treasury yields rose on speculation the Federal Reserve will need to keep rates higher for longer as inflation remains...

Source: BNN Bloomberg May 19, 2023

TSX recap: Index finishes flat amid mixed U.S. market performance

Canada's main stock index effectively broke even Thursday after paring back losses over the afternoon, while U.S. stock markets were mixed. The S&P/TSX Composite Index closed up 0.66 points at 20,297.09. In New York, the Dow Jones Industrial Average was...

Market Call Source: BNN Bloomberg May 19, 2023

Brian Madden's Top Picks: May 18, 2023

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities  MARKET OUTLOOK: With first-quarter earnings mostly behind us, the S&P 500 and S&P TSX Composite Index have been resilient in digesting the secon...

Source: Bankofcanada May 19, 2023

Financial System Review—2023

A stable and efficient financial system is essential for sustaining economic growth and raising standards of living. In the Financial System Review, the...

Source: Financialpost May 19, 2023

Bank of Canada sees signs Canadians are having trouble keeping up with their debt

Rising household debt and stress in the banking sector flagged as key risks to financial system Get the latest from Stephanie Hughes straight to your inbox Sign Up The rapid rise of interest rates have left the Bank of Canada more wor...

Source: Financialpost May 19, 2023

Why Canada's two big railways are livid over Justin Trudeau's attempt to force competition

What you need to know about the rock-em, sock-em slugfest playing out in the careful world of rail and government policy Get the latest from Jake Edmiston straight to your inbox Sign Up Ottawa is trying to curb the market power of Can...

Source: Financialpost May 19, 2023

Posthaste: Bank of Canada needs to 'crush' inflation with another rate hike, Scotiabank economist says

Derek Holt says if central bank doesn't raise rates now, inflation may never fall back down to 2% We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team....

Source: Financialpost May 19, 2023

Massive TFSA overcontribution lands taxpayer in trouble with the CRA

Jamie Golombek: Taxpayer overcontributed $639,308, then refused to withdraw excess contributions because his investments were down Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate...

Source: BNN Bloomberg May 18, 2023

S&P 500 up 1% on hopes for Washington breakthrough

The stock market climbed on speculation that a narrower group of Washington negotiators will break a deadlock on raising the U.S. debt ceiling and avoid an unprecedented default. Equities halted the recent trading lull, with gains in the S&P 500 topping 1...

Market Call Source: BNN Bloomberg May 18, 2023

Christine Poole's Top Picks: May 17, 2023

Christine Poole, CEO and managing director, GlobeInvest Capital Management FOCUS: North American large cap stocks MARKET OUTLOOK: Courtesy of a resilient labour market and the staying power of the consumer, inflation has been slow to come down. Alb...