Daily News

Source: BNN Bloomberg December 22, 2023

TSX today: Index up more than 150 points

Strength in the base metal and financial stocks helped Canada's main stock index rise more than 150 points in late-morning trading, while U.S. stock markets also climbed higher. The S&P/TSX composite index was up 175.08 points, or 0.85 per cent, at 20,775....

Source: Financialpost December 22, 2023

Here's what the Bank of Canada was thinking when it held rates this month

Recent global economic developments were top of mind in governing council's decision to hold rate at 5%The Bank of Canada held its key overnight rate at five per cent on Dec. 6, a move that was widely expected by economists and markets. On Dec. 20, the centr...

Source: Financialpost December 22, 2023

Hyperloop One to shut down after failing to reinvent transit

No large-scale hyperloop has been built after years of effortHyperloop One, the futuristic transportation company building tube-encased lines to zip passengers and freight from city to city at airplane-like speeds, is shutting down, according to people famil...

Source: Financialpost December 22, 2023

Brookfield Property’s debt cut to junk by S&P on real estate concerns

Score lowered by two steps to BB from BBB-Brookfield Property Partners LP’s issuer credit rating was cut to junk and put on a negative outlook by S&P Global Ratings as the real estate investors’ credit quality deteriorates amid higher borrowing costs and wea...

Source: Financialpost December 22, 2023

Posthaste: Five Canadian stocks Charlie Munger would have picked for Warren Buffett

What if the investing legend had been born in Orillia, not Omaha? CIBC analysts identify the top picks We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Five Canadi...

Source: Financialpost December 22, 2023

This is the way to get a tax 'refund' every paycheque instead of just once a year

Jamie Golombek: One tax refund each year is essentially an interest-free loan to the government for up to 16 monthsReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases mad...

Retail & Marketing Source: Financialpost December 22, 2023

Canadians splurged in October, but spending spree not expected to last

Retail sales climbed in almost all sectors, but the slowing economy will likely curb that growth, say economists Get the latest from Naimul Karim straight to your inbox Sign Up Higher sales of motor vehicles helped push Canadian retail sales for Octob...

Source: BNN Bloomberg December 21, 2023

Markets today: U.S. stocks rally loses steam while Treasuries power on

High-flying stocks reversed course Wednesday after Wall Street warned of a pullback on the rally ignited by the Federal Reserve’s pivot last week. The Nasdaq 100 ended the day down 1.5 per cent as the tech-heavy benchmark drew back from its latest all-time...

Source: BNN Bloomberg December 21, 2023

Canadian equity financings climb despite high rates, dearth in IPOs

Canadian equity financings grew slightly this year despite a combination of challenges stemming from high interest rates, an underperforming stock market and just one initial public offering on the Toronto Stock Exchange. What’s more, bankers are forecasting...

Market Call Source: BNN Bloomberg December 21, 2023

Brian Madden's Top Picks: December 20, 2023

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities  MARKET OUTLOOK: The long-awaited U.S. Federal Reserve pivot occurred last week at the last board meeting for 2023. The U.S. central bank has giv...