Daily News

Source: Financialpost April 05, 2023

Bank of Canada rate hikes hitting immigrants and millennials hard, boomers not so much

Generational wealth gap at root of contrasting experiences Millennials and immigrants are bearing the brunt of the Bank of Canada’s aggressive interest-rate hikes. But baby boomers who own their homes outright aren’t likely to be feeling the pi...

Source: Financialpost April 05, 2023

Some TD shareholders urge bank to ditch or renegotiate $13.4-billion First Horizon deal

Investors are turning cautious on the TD's U.S. acquisition strategy TORONTO — Toronto-Dominion Bank should abandon or renegotiate its US$13.4-billion acquisition of U.S. lender First Horizon Corp. as the regional banking crisis has unearthed u...

Source: Financialpost April 05, 2023

Tesla lines up for lithium as North America's sole large-scale mine opens in Quebec

Companies behind Sayona Quebec see a bright future for lithium, four years after original owner shuttered mine Get the latest from Gabriel Friedman straight to your inbox Sign Up Anyone looking for evidence of the green economy in Can...

Source: Financialpost April 05, 2023

Canada headed for recession in second half of 2023, says economist

Watch Desjardins' Marc Desormeaux on the state of the economies of Canada's provinces Desjardins economist Marc Desormeaux talks with Financial Post’s Larysa Harapyn about the looming recession and the state of the economies and budgets of Cana...

Source: Financialpost April 05, 2023

TD Bank biggest sector short anywhere in the world with $3.7 billion on the line

Worries about TD’s exposure to Canada's housing slowdown and ties to U.S. market Turns out, the biggest short in the banking industry anywhere in the world isn’t in Switzerland or Silicon Valley, but rather, in the relatively tame financial cen...

Source: BNN Bloomberg April 04, 2023

Bonds rise as factory data temper inflation angst

Treasuries rose as a gauge of U.S. factory activity contracted by more than expected, tempering inflation concerns fueled by OPEC+’s surprise plan to cut oil production. Policy-sensitive two-year yields reversed course after earlier climbing as much as 11...

Source: BNN Bloomberg April 04, 2023

TSX recap: Index finishes 0.89% higher amid gains in energy stocks

Canada's main stock index climbed nearly 180 points on Monday, buoyed by strength in energy stocks after Saudi Arabia and other major oil producers announced surprise oil production cuts on the weekend, while U.S. markets were mixed. The S&P/TSX Composite...

Market Call Source: BNN Bloomberg April 04, 2023

Mike Philbrick's Top Picks: April 3, 2023

Mike Philbrick, chief executive officer, ReSolve Asset Management FOCUS: Exchange-Traded Funds  MARKET OUTLOOK: The stock market continues to rally despite the ongoing banking turmoil and the potential for an economic recession. This seems to be du...

Source: Bankofcanada April 04, 2023

Deputy Governor Paul Beaudry to leave the Bank of Canada

The Bank of Canada announced today that Deputy Governor Paul Beaudry will leave the Bank at the end of July 2023. Mr. Beaudry will return to his academic position at...

Source: Bankofcanada April 04, 2023

Canadian Survey of Consumer Expectations—First Quarter of 2023

Results of the first-quarter survey | Vol. 4.1 | April 3, 2023 This survey took place between January 27 and February 16, 2023. Follow-up interviews to...