Daily News

Source: Bankofcanada February 08, 2023

Summary of Governing Council deliberations: Fixed announcement date of January 25, 2023

This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on January 25, 2023. This summary reflects...

Source: Financialpost February 08, 2023

Posthaste: 'Seven years of feast' — why these oil and gas players are seen on the brink of a super cycle

Energy services market set to grow to $1 trillion in 2025 Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page....

Source: Financialpost February 08, 2023

Microsoft bakes ChatGPT-like tech into search engine Bing

REDMOND, Wash. (AP) — Microsoft is fusing ChatGPT-like technology into its search engine Bing, transforming an internet service that now trails far behind Google into a new way of communicating with artificial intelligence. We...

Source: Financialpost February 08, 2023

Edmonton's Epcor could be last hope for Arizona suburb cut off from water supply

'We have a weekly prayer group where we pray for rain and a water solution' Residents of an Arizona suburb are collecting rainwater to flush toilets and wash dishes while praying to a higher power for help after being cut off from the neighbour...

Source: Financialpost February 08, 2023

Diane Francis: Can Canada's welfare state survive Trudeau's immigration targets?

Ottawa has done a poor job finding newcomers who have the skills demanded by employers Seven years of foolish Liberal immigration policy is cratering housing, health care and the middle class in the country’s two largest cities, Toronto and Van...

Source: Financialpost February 08, 2023

Canadians now expect to need $1.7 million to retire, up 20% from 2020, BMO survey finds

Only 44% of Canadians are confident they will have enough Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Canadians b...

Source: BNN Bloomberg February 07, 2023

U.S. stock euphoria deflated with Powell as 'wild card'

Stocks gave back some of this year’s gains, with traders waiting to see if Jerome Powell will dampen the bullish reaction to his recent remarks amid bets the Federal Reserve will keep its firm grip on policy. As equities came off overbought levels, Treasur...

Source: BNN Bloomberg February 07, 2023

Canadian dollar's outlook for 2023 uncertain as interest rate hikes wane: experts

The outlook for the loonie in 2023 largely depends on commodity prices, how the U.S. dollar fares, and whether central banks are successful in avoiding a major recession, experts said. The Canadian dollar recently rose to its highest level in more than two...

Source: BNN Bloomberg February 07, 2023

TSX recap: Index finishes 0.62% lower amid broad-based losses

Canada's main stock index lost more than 100 points Monday on broad-based weakness while U.S. markets were also down, with the Nasdaq slipping one per cent. The S&P/TSX Composite Index was down 129.42 points, or 0.62 per cent, at 20,628.92. In New York,...

Market Call Source: BNN Bloomberg February 07, 2023

Barry Schwartz's Top Picks: February 6, 2023

Barry Schwartz, chief investment officer and portfolio manager, Baskin Wealth Management FOCUS: North American large-cap stocks MARKET OUTLOOK: Most people are certain that the outlook will worsen from here and those fears are probably well founded...