Daily News

Source: BNN Bloomberg May 11, 2023

U.S. Treasuries advance after CPI; stocks edge higher

U.S. stocks posted modest gains in a listless session, while Treasuries rose after a report showed inflation moderated slightly in April and swaps traders upped bets the Federal Reserve will cut rates this year. The S&P 500 wavered between gains and losses...

Source: BNN Bloomberg May 11, 2023

TSX recap: Energy, metals drive loss

Canada's main stock index moved lower Wednesday, weighed down by losses in energy and metals, while U.S. markets were mixed. The S&P/TSX Composite Index was down 86.42 points, or 0.42 per cent, at 20,499.31. In New York, the Dow Jones Industrial Average...

Technology Source: BNN Bloomberg May 11, 2023

Future is bright for Canadian tech startups: Venture capitalist

A Canadian venture capitalist said she sees a bright future for Canadian technology companies, with a more sophisticated funding ecosystem backing them and strong global demand for innovation. Sophie Forest, managing partner at Brightspark Ventures, spoke...

Source: BNN Bloomberg May 11, 2023

​Looking to invest in the electric vehicle sector? Here are three stocks to consider

If you're looking to invest in the expanding electric vehicle market, this portfolio manager says investors should stick to the established manufacturers as opposed to start-up EV companies.    Speaking with BNN Bloomberg’s Amber Kanwar on Wednesday, Will Mc...

Market Call Source: BNN Bloomberg May 11, 2023

Javed Mirza's Top Picks: May 10, 2023

Javed Mirza, analyst, Canaccord Genuity FOCUS: Technical analysis MARKET OUTLOOK: Equity markets appear poised for retest of the August highs and a shift into the “boring middle.” Our work shows that a new short-term (two to four week) equity mark...

Source: Financialpost May 11, 2023

Concern about TD's anti-money laundering controls? What we know about the new twist in the failed First Horizon deal

Reports suggest regulators' concern over TD anti-money laundering controls helped scuttle the deal Get the latest from Barbara Shecter straight to your inbox Sign Up The Wall Street Journal and Bloomberg News reported May 9 the U.S. r...

Source: Financialpost May 11, 2023

Trudeau’s oil and gas policies too harsh for Rachel Notley

Centre-left contender looking to reclaim power as premier of Alberta in upcoming election The woman who’s looking to reclaim power in Canada’s energy heartland is pushing back against Prime Minister Justin Trudeau’s targets for cleaning up the...

Source: Financialpost May 11, 2023

Why are cars so expensive in Canada today?

Episode 193 of Down to Business podcast Get the latest from Gabriel Friedman straight to your inbox Sign Up How expensive are cars in Canada today? In the first quarter of 2023, a new vehicle cost $61,000 on average and a used vehicle...

Source: Financialpost May 11, 2023

Canadian banks hit with downgrades as economic storm clouds gather

Looming recession leads some analysts to hand out downgrades and slash outlooks Get the latest from Stephanie Hughes straight to your inbox Sign Up Canadian bank stocks may be running out of runway amid an uncertain outlook and potent...

Market Call Source: BNN Bloomberg May 10, 2023

Paul MacDonald's Top Picks: May 9, 2023

Paul MacDonald, chief investment officer and portfolio manager, Harvest Portfolios Group FOCUS: U.S. large cap health-care stocks MARKET OUTLOOK: We believe health care can be a market leader in this cycle. While the macro environment appears to be...