Daily News

Source: BNN Bloomberg April 14, 2023

U.S. stocks gain as data anchor bets peak rates is near

U.S. equities traded higher Thursday, as the latest readings on jobs and factory-gate inflation were slightly softer than expected, a boost for those hoping the Federal Reserve may be approaching the end point of an era of aggressive interest rate hikes. T...

Market Call Source: BNN Bloomberg April 14, 2023

James Telfser's Top Picks: April 13, 2023

James Telfser, partner and portfolio manager, Aventine Investment Counsel FOCUS: North American stocks  MARKET OUTLOOK:  We find ourselves in a period where near-term growth and earnings expectations continue to decelerate for both the economy and...

Source: Financialpost April 14, 2023

Bank of Canada Q+A: Where do interest rates go from here?

FP editor-in-chief Kevin Carmichael answers your questions on the Bank of Canada, interest rates, inflation and the economy Get the latest from Kevin Carmichael straight to your inbox Sign Up The Bank of Canada kept interest rates on...

Source: Financialpost April 14, 2023

Kevin Carmichael: 3 things the Bank of Canada subtly told us at its press conference

Three observations that shed light on the central bank's thinking Get the latest from Kevin Carmichael straight to your inbox Sign Up Once a quarter, the Bank of Canada simultaneously updates its policy, releases a new quarterly econo...

Source: BNN Bloomberg April 13, 2023

Shopify stock jumps after gaining one more Wall Street bull

Shopify shares rose 1.2 per cent Wednesday, paring some gains from earlier in the day, after winning over one more analyst. JMP Securities upgraded the e-commerce company to market outperform from market perform and set a US$65 price target. The target imp...

Source: BNN Bloomberg April 13, 2023

TSX recap: Index finishes 0.16% higher

Canada's main stock index eked out a gain Wednesday, while U.S. markets slumped later in the day to post small losses on the heels of fresh inflation data.  The S&P/TSX Composite Index was up 32.47 points, or 0.16 per cent, at 20,454.32. In New York, th...

Source: BNN Bloomberg April 13, 2023

U.S. stocks, bonds stuck in range as inflation persists

U.S. stocks limped into the final minutes of the afternoon session after jumping at the open on data that showed inflation moderated, but was likely not enough to forestall the Federal Reserve from raising interest rates one more time this year. The S&P 50...

Market Call Source: BNN Bloomberg April 13, 2023

Greg Newman's Top Picks: April 12, 2023

Greg Newman, senior wealth advisor and portfolio manager, Newman Group, ScotiaMcLeod FOCUS: North American stocks and protection strategies  MARKET OUTLOOK: Many continue to call for caution while believing a recession to be around the corner. Yet,...

Source: Financialpost April 13, 2023

Matthew Lau: Galen Weston deserves his raise, which is Loblaw’s business not anyone else’s

Rewarding corporate executives for good performance resonates with employees and investors The pay raise Loblaw gave CEO Galen Weston in 2022 has been roundly condemned, by everyone from NDP leader Jagmeet Singh (of course) to the Toronto Sun’s...

Source: Financialpost April 13, 2023

Ross McKitrick: The important climate study you won't hear about

Challenges trends in climate simulations An important new study on climate change came out recently. I’m not talking about the Intergovernmental Panel on Climate Change (IPCC) Synthesis Report with its nonsensical headline “Urgent climate actio...