Daily News

Economics Source: BNN Bloomberg December 21, 2023

Expect a 'story of two halves' for the loonie next year: FX strategist

A currency expert is predicting mixed performance from the Canadian dollar next year.  Bipan Rai, global head of FX Strategy at CIBC Capital Markets, told BNN Bloomberg that he expects the loonie’s 2024 performance will be a “story of two halves.”  “We...

Source: BNN Bloomberg December 21, 2023

​Three cybersecurity stocks investors should watch: portfolio manager

Investors should look to buy into the cybersecurity space, says a portfolio manager who has a positive view of the sector due to the essential services it provides.   Francisco Bido, senior portfolio manager at Integrated Alpha, told BNN Bloomberg that he vi...

Source: BNN Bloomberg December 21, 2023

TSX recap: Broad weakness has Index down 1.15%

Canada's main stock index lost more than one per cent on Wednesday in a broad-based slump and U.S. markets also fell, as stocks took a dramatic turn in the later half of the afternoon. The S&P/TSX Composite Index closed down 238.82 points, or 1.15 per cent...

Source: Financialpost December 21, 2023

Ross McKitrick: The only thing wrong with the globalist climate agenda — the people won’t have it

Phasing out fossil fuels is going to cost way more than ordinary people will accept. Delegates to COP28 clearly didn't understand thatIt’s tempting to dismiss the outcome of COP28, the recent United Nations climate change conference in the United Arab Emirat...

Source: Financialpost December 21, 2023

5 investing lessons learned from Charlie Munger that will stand the test of time

Lessons extend beyond realm of investing; they offer a blueprint for a fulfilling and successful lifeBillionaire Charlie Munger, who passed away in November at the age of 99, spent many decades alongside Warren Buffett at the helm of Berkshire Hathaway Inc....

Source: Financialpost December 21, 2023

Top headlines: Metro accuses Loblaw of falsely implicating it in bread price-fixing scheme

The latest business news as it happensToday’s headlines We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Top headlines: Metro accuses Loblaw of falsely implicating it in bre...

Source: Financialpost December 21, 2023

Posthaste: Canadians are planning to fight back against higher grocery prices in 2024

Many planning to transform how they shop and eat to find some much-needed relief We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Canadians are planning to fight b...

Economy Source: Financialpost December 21, 2023

Record population growth risks aggravating Canada's housing headaches, say economists

Country added more than a million people in first 9 months of this year, highest number since 1867 Get the latest from Naimul Karim straight to your inbox Sign Up Canada’s record population growth in the third quarter brings its housing crisis into th...

Source: BNN Bloomberg December 20, 2023

High-flying U.S. stocks ignore Fed's messages on rates

Wall Street extended its rally Tuesday, shrugging off warnings from policymakers trying to rein in expectations for Federal Reserve rate cuts.   The Nasdaq 100 set another all-time high while the S&P 500 added 0.6 per cent, fast approaching the benchmark’s...

Source: BNN Bloomberg December 20, 2023

​Expert picks internet stocks best positioned for market share gains

Internet stocks that change consumer behaviour are best positioned to gain future market share, according to an expert in the sector.    Ygal Arounian, director of Citi Research’s U.S. internet team, told BNN Bloomberg that he expects internet software such...