Daily News

Source: Financialpost March 03, 2023

David Rosenberg: Fed should have followed Bank of Canada's lead — but here's what investors can do

Jerome Powell isn't stopping until the S&P 500 is at 3,100 I must admit that I’ve rarely, if ever, been as perplexed as I am today over the United States Federal Reserve and its preoccupation with contemporaneous and lagging economic indicators...

Source: Financialpost March 03, 2023

'Inappropriate': Indigo refuses to pay ransom in cyberattack

Criminals may make stolen data available on dark web as early as Thursday Indigo Books & Music Inc. says it would be “inappropriate” to pay ransom to unlock the recent cyberattack on its network and that there is currently no indication of any...

Source: Financialpost March 03, 2023

China has lost 41 million workers — almost the size of Germany’s workforce — in 3 years

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC The population re...

Source: Financialpost March 03, 2023

Nordstrom closing all Canadian stores, 2,500 jobs cut

The company is winding down its Canadian operations Nordstrom Inc. is closing all of its Canadian stores and cutting 2,500 jobs as it winds down operations in the country. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to r...

Source: Financialpost March 03, 2023

The CRA generally lets you claim family medical expenses — not this time

Jamie Golombek: Tax law quirk means a spouse isn't explicitly allowed to claim medical expenses paid by other spouse Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission fro...

Source: BNN Bloomberg March 02, 2023

S&P 500 slumps to lowest in nearly six weeks

U.S. stocks dropped for a second session as investors revisited their wagers on peak rates after economic data highlighted persistent inflationary pressures and Federal Reserve officials continued to sound hawkish. The S&P 500 closed the day at its lowest...

Source: BNN Bloomberg March 02, 2023

​Recycling gold? Oxford researcher says it's something to consider

Investors often seek safety in gold, especially during inflationary times, but one expert says instead of mining it, reusing what is already above ground should be considered.   A circular gold economy would involve the transition out of gold mining to inst...

Market Call Source: BNN Bloomberg March 02, 2023

Brendan Caldwell's Top Picks: March 1, 2023

Brendan Caldwell, president and chief executive officer, Caldwell Investment Management FOCUS: North American large cap stocks   MARKET OUTLOOK: Equity markets rallied sharply in the beginning of this year following their dismal performance last ye...

Source: BNN Bloomberg March 02, 2023

Banks pricing in a 'more dire' economic situation, which is good for future stock price: Investor

The economy isn’t as bad as Canadian banks are pricing in and this is a good sign for the future of the sector, according to one Bay Street investor. In an interview with BNN Bloomberg on Wednesday, Gordon Reid, president and CEO of Goodreid Investment Cou...

Source: BNN Bloomberg March 02, 2023

Using artificial intelligence to invest: Three commodity stocks from Huw Roberts

Artificial intelligence is aiding one financial expert to find undervalued stocks within the commodities sector.    Speaking with BNN Bloomberg's Amber Kanwar on Wednesday, Huw Roberts, head of analytics at Quant Insight, said his firm is using artificial i...